August Newsletter
In this newsletter...
Low interest rates and prevailing market demand should tip sellers towards choosing to sell their properties via auction, according to Sydney real estate agent Leanne Pilkington.
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Australia’s lenders have made some “monumental” changes to their lending policies in recent months, making it more difficult to qualify for a home loan, Mortgage World Australia broker Patrick O’Brien says.
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Families facing the decision of whether to move house, renovate or remove their existing home and rebuild may find today’s economic climate favours renovating or rebuilding, according to Archicentre.
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The proportion of lending enquiries involving friends or relatives looking to purchase property together has climbed 300 per cent over the past six months, according to MyRate.com.au figures.
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Inner-city suburbs and lifestyle-rich beachside suburbs are the most desirable areas for Australian homebuyers and renters, research by real estate portal Domain.com.au suggests.
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Australians are generally willing to bear risks despite very high stakes – and males are more willing to take risks, according to a study that examined the choices of contestants on
Deal or No Deal from an economic decision-making point of view.
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As inspectors raided Melbourne real estate offices to check for evidence of agents underquoting a property’s likely sale price ahead of auction, buyers advocate David Morrell suggested the practice could be stamped out once and for all by making vendors disclose their reserve price.
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