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Buying a Home or Building a Home?

Following the recent release of Australia’s State Budget last week, the next month and a half would be a crucial decision time for people who are planning to buy a house as first home designs buyers are being offered by the federal government with a $10,000 Building Boost for newly constructed properties valued up to $600,000.

The $10,000 Queensland building boost grant is intended for any person or corporation who is intending to buy or build a new home for the purpose of living in, or for renting it out for investment purposes, for homes valued less than $600,000. more…

Green Houses Improve Property Value

With the spiraling energy prices, new regulations and a coming price on carbon, Australia’s property owners, managers and listed property trusts are now forced to look seriously at their energy usage and levels of investment into energy efficiency solutions.

The increasing prices in energy and water have also forced potential home designs buyers to look into the benefits of buying green houses.

As defined by Wikipedia, “a Green home is a type of house that is designed to be environmentally friendly and sustainable, focusing on the efficient use of “energy, water, and building materials.”” more…

New Home Loan Numbers Plunge

Recently in the news, it has been reported that the number of loans from people who want to buy new houses for sale have dropped.

According to the report, residential property prices have increased in 2010 and will continue declining in the next six months as big mortgage brokers report a 20 per cent plunge in loan numbers.

Many home for sale will be affected by this situation. more…

Australian Couples Put House Plans Ahead of Children

Australian couples have now put their house plans ahead of their plan of having children. They want a house plan first before having kids.

As the cost of entering the property market rises, around one in three Australians are now planning to delay their plans to start or grow a family. more…

Look for Quality in this Buyers’ Market

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…