Previously, only a deposit and a full-time job are the standard requirement needed to get a home loan, but not with this day and time. Today’s lenders are requiring much more.
What you need to get a home loan? (what lenders want to know)
Today’s financial instability has brought a prospective home-buyer’s complete financial history under the microscope, as home loan lenders try to determine whether they are ever going to get their money back. more…
It has been in the news recently that the banks in Australia are refusing to finance loans to people who are interested to buy flooded homes. Banks are snubbing and refusing to finance loans of shrewd would be buyers who are desperate to snap up a bargain in the post-flood Ipswich property market.
According to Brett McGrath, the Herron Todd White senior valuer, in spite of the recorded 3300 homes being written off and the 1700 house plans designs needing repair which were all affected by January’s disaster, there are still plenty of shrewd and desperate buyers who want to purchase these damaged and flooded houses. more…
Almost all are of the same opinion that buyers of house for sale need to sort through all the large volumes on the market to find a quality property as the performance of Melbourne’s residential market is illustrated differently depending on who you ask.
According to Greville Pabst, from valuer WBP Property Group, the market has been observed to be in complete flight in March, with 2925 auctions and an average clearance rate of 63 per cent.
This year alone, there have been 5500 auctions in Melbourne, a nice improvement of 200 over this time last year. The majority of the properties passed in have sold later, while the clearance rate is lower.
Sean Thomson, one of WBP’s senior residential advisers, states that what is happening is like a textbook case of quality properties finding a buyer and compromised ones being left on the block. He also added that now is a good time to be a buyer instead of house builders for most auctions are selling close to their reserve. more…
A bold reddish-pink shade, something in between fuchsia and pink – Honeysuckle is the color for the year 2011. Yes, it’s the in color for houses for 2011. A bold and dynamic color, it encourages and uplifts us. As a color, this bold pink uplifts our mind and gives us confidence, spirit, and courage to meet everyday challenges.
Using this vibrant color of honeysuckle in home designs enlivens the homes and uplifts the spirit of anyone living in these houses. House designs and plans with honeysuckle as their color would really be abundant this year. Home builders have now begun using this color in their display homes. more…
Every family needs a home because home is where the heart is in all families. Home is the safest, most comforting place to be. It is where one can be who they are without people judging them. It is a cozy place, it is a haven. It is a haven and a refuge for families from the stress of the outside world. That is why, it is always in everybody’s dream to be able to build a home they can call their own. A place where one can relax and be oneself. Home is a place where people can be a family and share their dreams. So, there really is no place like home.
With Australia’s growing economy that is on its way up to a climax, new houses for sale are offered especially to clients enjoying the benefits of a booming economy. In reference to the HIA-JELD-WEN New Home, sales report shows that the number of new homes sold increased by 2.5% in January this year. This news is relieving to note as compared to the sales the previous year. As stated by HIA chief economist Dr. Harley Dale, “the new home building sector was buffeted in 2010 by rising interest rates and a lack of policy reform to wind back the impact of the dead hand of regulation on new housing costs”. Thus, increase in homes sold in Australia is good news.
With this news in hand, new Australia houses for sale are the in thing. Australian home builders collaborated to produce the best quality, cost-worthy, modern new houses for sale. more…
