Buying Category

As of January 1st, 2020 singles earning less than $125,000 and couples earning less than $200,000 will only require a 5% minimum deposit. This will vary from region to region and is administered by the National Housing Finance and Investment Corporation (NHFIC). If you are a lower-income earner looking to enter the property market, now could be your chance, so you will want to get in quick. However, there are a couple of terms and conditions that you need to be aware of, so keep reading for the full lowdown. What is this new First Home Loan Deposit Scheme? This scheme has been implemented in order to allow easier and faster access to the property market for lower-income earners. This scheme will allow the first home buyers to pay a… Read More »

With the warmer weather rolling in, you may think now is the perfect time to sell your home. In the past spring has been the peak season for selling your home, and it is not just because of the weather. Here are the top things you need to know about buying and selling in the spring season. THE 2019 SPRING MARKET Throughout 2019 we have experienced an everchanging market, however, we are slowly starting to see housing prices creep back up compared to the 2018 spring market. Buyers are back and they are experiencing ideal buying conditions. This is due to a few factors, firstly, the recent federal election result and tax incentives have helped improve market confidence. Alongside this, we have had two interest rate cuts, making it easier… Read More »

Why Cheap isn’t alway’s Cheerful when Selling your Home or in Property Management Yes, the point of having a property whether you live in it or whether it is an investment is to make money, and whether your strategy is long term or short term, make no mistakes you need to have your figures worked out. When it comes to your biggest asset, is it really is time to be skimping on costs and penny-pinching? Like every other industry when it comes to real estate you really do get what you pay for. Let’s take the recent example of a so-called disrupter to the real estate sales industry, who have recently left the market with their tail between their legs. They came into the market offering low commissions and no… Read More »

Now let’s think about this, your property whether it’s your investment property or your beloved family home, is your biggest asset, so choosing a real estate agency to either sell or rent it shouldn’t be taken lightly. Once upon a time, it was a no brainer, there were a few big names in the industry and you pretty much chose the one with the most signs up in your area. Those days are long gone, with the progression of technology-independent and smaller brands are now able to compete on the same scale as the larger agencies. This is great for these boutique agencies, but it makes your job of selecting someone to deal with your biggest asset even more challenging and important than ever.Now there are more agencies than ever… Read More »

Looking at buying your first home? Or are you a keen investor looking for your next property? The main question both buyers and investors are finding themselves asking is, “Should I be buying a house or an apartment?”. There is honestly no correct answer to this question, it is completely dependent on you and your situation. However, here are some things to consider before purchasing a home or investment.     PRICE   In some areas apartments are more affordable than houses, however, if you are willing to sacrifice location, you may be able to find a small house for a similar price. The general rule of thumb is, those properties closer to the city centre are more pricey, and the further out you go the more bang you get… Read More »

Is your home or rental property on the market at the moment? If so, are you making good use of a number of media channels to ensure you are reaching 100 percent of the audience? In today’s market, buyers and renters are using multiple media tools to search for their dream property. Due to this is, it is important to ensure that your property has a decent amount of exposure. By using exhausting multiple media channels you can reach both active and passive buyers and renters. At iThink Property, we believe that the winning formula incorporates digital, print and social media marketing. Although advertising and listing on these channels can become somewhat costly, it is truly worth the investment to get the best outcome. PRINT MEDIA Print media has the… Read More »

Got your eyes on the prize but just don’t know how to initiate negotiation and enter buyers territory? Good news is, you don’t have to be a skilled negotiator to get a great price for your dream property. Here are some tips and tricks you can use to start negotiating today!   DO YOUR RESEARCH     Not only does this show that you are serious, it gives you a good understanding of the current market. Compile a list of comparable sales and weigh up their pros and cons in relation to the sale price. This will help you come to a conclusion of what you should offer for your dream property. However, it is important to ensure the information you have cited is reliable and recent.   COMMUNICATE WITH… Read More »

We all know that the property market is ever-changing and following the recent election and the cutting of interest rates it is now more important than ever to analyse the market before diving straight in. Here is a rundown of what the market is currently doing, how you can break into it and some tips for making your goal of owning a property a reality.   INTEREST RATE CUT     At the beginning of the month, the Royal Bank of Australia cut interest prices to 1.25%. This cut will see mortgage rates fall although housing prices currently are still in a decline. This decline should not last too long, however, as it is expected that housing prices will start to stabilise as we enter 2020.   The rate cut… Read More »

Have you been renting for a while and decided it’s time to buy? Or are you starting to outgrow your current place? No matter your situation, purchasing a property is a big commitment and it is important to ensure you’re a making a smart decision, especially if you are looking for your forever home! If you are currently on the hunt for ‘the one’ or you will be in the next year or so, here are a few things to consider: 1. CAN YOU SEE YOURSELF LIVING THERE IN 20-30 YEARS?       Do you have a plan for your future? If so, what does it include? Will children or pets be in the equation? If so, it is important to consider these plans when looking for your forever… Read More »