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Tenants are now becoming home-buyers
There is a shift happening where tenants are transitioning into homeownership. This may be an opportune moment for those who aspire to buy their first home. Many renters are choosing to invest in a property rather than continue paying higher rental fees due to the current shortage of rental properties. Additionally, first-time homebuyers can take advantage of the Stamp duty saving...
Australia's Market Anticipated to Experience a Rebound
Australia's property market is expected to experience increased demand over the next five years, as the country's immigration policies return to pre-pandemic levels. According to industry experts, the resumption of immigration will lead to a surge in demand for housing, particularly in the country's major cities. This, in turn, is expected to drive up property prices and create a more competit...
First Home Buyer: Stamp duty or Property Tax?
The NSW Government is now offering first time home buyers the opportunity to pay an annual property tax rather than a single, upfront transfer duty payment for properties valued at up to 1.5M dollars. Unlike transfer duty, with this option, there is no need to make a payment at the time of settlement. Instead, the buyer will receive a notification of the amount due and the due date in the next ...
2023 Hot Suburbs in NSW as per RealEstate.com.au
The first edition of realestate.com.au's Hot 100 suburbs in Australia had been released with the best real estate prospects for 2023 realestate.com.au has access to in-depth data on the supply and demand in suburbs across the country. Their panel of experts has identified the top 100 suburbs based on the following criteria: Affordability Amenity Family Appeal Location Investment p...
Smart Ways To Save On Mortgage
Interest rates had been rising, but ever wondered how you can still save on your mortgage? Mortgage holders may follow these ways to save: Check if there is a better rate It does not hurt to try and ask if the lender can give you another option Get a shorter loan termA shorter loan term will mean a higher payment every month, but it also means you'll pay less interest in the long ru...
Will Canada's foreign buyer ban affect Australia if urged to follow?
Canadian Prime Minister had a recent decision to block foreign buyers from purchasing residential properties for two years hoping to reduce pressure on the housing market. Will this affect the Australian housing market? I believe it will not, here's why: Banning foreign buyers of property would not make any meaningful difference to housing affordability. Regulations for foreign buyi...
We at IPS are very grateful to have donated 100 brand-new school shoes
On behalf of IPS, I am feeling grateful to be able to give back and make a difference in the lives of these students in Sri Lanka. G/Arthur C.Clarke Model School will be able to start the school year off on the right foot! We, at IPS are very grateful to have donated 100 brand-new school shoes to an impoverished school in Baddegama, Sri Lanka. Every step forward for these children...
Shiral Alexander has become a ‘dream maker’ by providing an affordable entry point into the Sydney property market.
Facilitating the great Australian dream After achieving the great Australian dream of homeownership, boutique Sydney developer Shiral Alexander has created a business out of creating that same opportunity for others. Following his arrival in Australia as an international student in 2006, Mr Alexander earned a Masters degree at the University of Wollongong and set about forging a career in m...
$25,000 grants in federal government package
HOME BUILDERS, RENOVATORS OFFERED $25,000 GRANTS IN FEDERAL GOVERNMENT PACKAGE The stimulus scheme will fund grants worth $25,000 for new home build and renovations (Owner occupier) between June and the end of December 2020. To be eligible, single applicants must earn less than $125,000 a year or $200,000 per couple. New homes valued up to $750,000 will qualify as will renov...
CELEBRATION TIME ! DA APPROVED🌟🌟🍾
I M P R E S S I V E P R O P E R T Y D E V E L O P M E N T S ! 🌟🌟🍾 We are thrilled to announce that our next project in the pipeline has gotten the DA APPROVAL. We proudly present another 26 lovely land lots to the South West Sydney Suburbs! We would like to thank our investors and the Impressive Property Developments (IPD) professional team who worked hard to make this a reality for every...
COMBINED CAPITAL CITY PRELIMINARY CLEARANCE RATE HIGHEST SINCE MARCH, HOWEVER VOLUMES REMAIN LOW !
COMBINED CAPITAL CITY PRELIMINARY CLEARANCE RATE HIGHEST SINCE MARCH, HOWEVER VOLUMES REMAIN LOW The combined capital city preliminary auction clearance rate bounced back above 60% for the first time since late March, with 64.5% of homes selling this week. The higher clearance rate was a...
Housing Activity Plummets While Housing Values Stabilise In April
Housing Activity Plummets While Housing Values Stabilise In April According to the CoreLogic Home Value Index results out on 1 May 2020, Australian housing values have not seen any evidence of a material decline in April, despite a sharp drop in market activity and a severe weakening in consumer sentiment. Although most regions recorded a rise in home values through April, the national m...
FOUR predictions for Australia's property market post COVID-19
As per the Chief Economist from REA Group over the past two weeks, we have seen a significant change in sentiment on realestate.com.au. Buyers are still curious and the number of searches has increased significantly. Search activity on the ‘Buy’ section of realestate.com.au is now 35 per cent more than this time last year. Although this comparison is between an...
HAVE A HAPPY AND SAFE EASTER BREAK AT HOME!
HAVE A HAPPY AND SAFE EASTER BREAK AT HOME! Our lives have changed so quickly in the past few weeks as COVID-19 became a pandemic. As travel comes to a virtual halt, and governments react, most of us find ourselves stuck in our homes to avoid and halt the spread of the novel coronavirus. But its Easter and a long weekend, and we should try to make the best of it. Above all we w...
WHAT IS BIS OXFORD ECONOMICS SAYING ABOUT COVID-19?
“The recovery phase is expected to be relatively quick and very strong in the property market." Are property economists confident? Sarah Hunter Chief Economist at BIS Oxford Economics is confident this pandemic is having a large impact, but it will be a ‘short, sharp, shock to the Australian economy. It's expected that once restrictions are removed fr...
What to expect from the property market amid COVID-19
If we look at previous economic downturns, such as the 1991 recession or the Global Financial Crisis in 2007, Australian property certainly fared better than other sectors. However, as consumer confidence gets decrease, it’s inevitable that the property market will slow down, but what I do have confidence in, is us Aussies love a good bit of residential real estate, we have built th...
COVID-19 and The Australian Property Market!
COVID-19 and The Australian Property Market Amid the spread of coronavirus, the past few weeks have seen increased expectations of an Australian recession, a slowdown in business activity and trillions of dollars wiped off global share markets. It has many asking what the impact of the coronavirus would be on Australian residential property. This note explores the fundamentals of housing to ...
RENTAL MARKET IS GOING UP ACCORDING TO THE DATA!
Rental Values On The Up As Investment Properties Throughout The Previous Property Upswing AbsorbedThe difference between the capital city and combined regional rents narrowed against high levels of new supply in capital city regions, which slowed rental growth. Now that the lack of supply is starting to tighten rental markets in capital cities once more, this dynamic may change over 2020. The ...
WE ARE “BUSINESS AS USUAL”
WE ARE “BUSINESS AS USUAL”The health and safety of our customers, staff and community is, as always, our priority. As you are aware, the recent outbreak of COVID-19 has raised concern and we want to assure you that we are constantly monitoring the situation to ensure we are making the best decisions to protect our staff and clients. WE ARE BUSINESS AS USUAL and h...
Impressive Property Sales Supporting Step 2 Foundation
We are proud to announce Impressive Property Sales has sponsored the Step 2 Foundation to provide advanced certified English learning to children in Cambodia. The aim of the program is to develop English writing and speaking knowledge and skills. Without the ability to speak and write English, it is impossible for students to get a job or go to higher education in Cambodia.&nb...
Sydney house prices record the largest annual gain since 2017 peak
Sydney house prices record the largest annual gain since 2017 peak Property prices in Australia are almost back to peak levels according to Domain’s December 2109 House Price Report. Sydney house and unit prices continued to rebound in the final quarter of 2019, ending the year in a better position than they started. The December quarter posted the steepe...
CoreLogic December 2019 Home Value Index: A strong finish for housing values in 2019 with the CoreLogic national index rising 4.0% over the December quarter
CoreLogic December 2019 Home Value Index: A strong finish for housing values in 2019 with the CoreLogic national index rising 4.0% over the December quarterThis result represents the fastest rate of national dwelling value growth over any three month period since November 2009. CoreLogic head of research Tim Lawless said, “Although the monthly capital gains...
THE IMPORTANCE OF A DIVERSIFIED PORTFOLIO
"Don’t put all your eggs in one basket." In the Residential Property Market this simply means: Don’t put all your eggs (properties) in one basket (area). If an investor only invested in one location whilst building a property portfolio, this may leave them overexposed and hence increasing the possibility of losing everything at once. For instance, if we review the change in dwell...
Commonwealth Bank report predicts 7 per cent rise for Sydney property prices in 2020
Commonwealth Bank report predicts 7 per cent rise for Sydney property prices in 2020 Noting that prices had increased ‘sharply’ in the second half of 2019, the CBA report amends the bank’s earlier prediction that prices would only rise modestly.“History will show that the rebound in demand has been phenomenal, particularly in Sydney and Melbourne,” the r...
Over 3,000 homes taken to auction across the combined capital cities; the busiest week of the year !
Over 3,000 homes taken to auction across the combined capital cities; the busiest week of the year There were over 3,000 capital city homes taken to auction this week, making it the busiest week for auctions we’ve seen this year; in fact the largest number since March last year. Of the 3,058 homes auctioned, according to preliminary figures, 78.9% returned a success...
State by State Update on the Australian Property Markets - November 2019 Chart Pack
State by State Update on the Australian Property Markets - November 2019 Chart Pack Property is back in the news and making headlines again.But in a very different way to this time last year.Rather than being worried about property Armagedon, now the commentators are asking how strong will the markets be with a recent forecast by SQM Research suggesting dwelling pr...
How Long Until Housing Values Reach A New Record High?
How Long Until Housing Values Reach A New Record High? If housing values continue to rise at the same rate recorded over the past three months, national dwelling values could reach a new record high in six months time. Based on CoreLogic’s Home Value Index, national dwelling values remained 5.7% below their peak at the end of October. With values rising ...
Buying your first home just got easier !
Buying your first home just got easier ! First home buyers will find it easier to jump on the property ladder with the passage of new legislation through Parliament last week. A joint media release from Treasurer Josh Frydenberg and the Minister for Housing and Assistant Treasurer Michael Sukkar announced the law’s passing in Parliament that will see the implementation of the First Home...
WHAT EDGEWORTH HAS TO OFFER ?
WHAT EDGEWORTH HAS TO OFFER We all know it: every property investor hunts for it, but instant equity uplift is often elusively mirage-like. Despite this, the eager residential investor will have this mythical item high on the check list underlined and highlighted, right next to a competitive package price, low vacancy rate, attractive rental return, strong population growth, infrastructu...
Housing recovery gathers momentum through first month of spring, with national dwelling values up 0.9%
Housing recovery gathers momentum through first month of spring, with national dwelling values up 0.9% The CoreLogic September home value index results saw the national index post the largest monthly gain since March 2017, largely driven by a strong rebound in Sydney and Melbourne where values were up.The September gains were once again driven by stronger conditions ema...
Mortgage Demand Lifting On Lower Rates And Easier Credit, Pushing Values Higher - Values Rise
Mortgage Demand Lifting On Lower Rates And Easier Credit, Pushing Values Higher - Values Rise In July 2019, housing finance commitment data has shown a sharp rise. The uplift in commitments has matched the turnaround in dwelling values seen since mid-May and has also mirrored the jump in auction clearance rates seen over the same period.The first chart below shows the v...
Why Sydney investors should look to the Central Coast?
Why Sydney investors should look to the Central Coast? Regional NSW is Australia's largest regional economy with a wealth of investment, business and lifestyle opportunities.Investing and doing business in Regional NSW offers a strategic location that can leverage off Sydney and its growing markets with connectivity to domestic and international markets.Regional NSW is rich i...