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Protect yourself this Storm Season

Protect yourself this Storm Season

 

With the Courier Mail reporting that “BRISBANE” will become ground zero for wild weather as meteorologists predict a highly active storm season across Queensland.

The severe weather outlook for 2016 and 2017 has indicated a heightened severe weather season with an increased risk of damaging thunderstorms, rain, and cyclones.  Heightened cyclone activity is also predicted with up to four cyclones expected.” Read more

Perceptions of Real Estate Agents - 10 surprising statistics

Perceptions of Real Estate Agents – 10 surprising statistics

Recent research on home sellers’ perceptions of real estate agents has uncovered some great information for both sellers and agents – some surprising, and some downright shocking.

Here are ten of our favourite stats from the report. Hopefully they’ll help you when choosing an agent when to decide that you’re ready to sell

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Declining interest rates and rising income spur improving housing affordability

Declining interest rates and rising income spur improving housing affordability

A new report released last week shows an improvement in overall housing affordability over the June quarter with the positive development seen in seven out of eight Australian states and territories.

The latest edition of the Adelaide Bank/REIA Housing Affordability Report, released last week by the Real Estate Institute of Australia, provides a comprehensive update for the sector using the latest data for the June Quarter 2015.

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Help! I need to sell after 12 months!

Help! I need to sell after 12 months!

Not long ago I met a young couple who had bought their home just 12 months earlier; and now needed to sell it due to a change in their circumstances.

This put them in a difficult situation when they least needed it, largely because it can be very difficult to sell a home so soon after it has been bought.

Here’s the advice I’d recommend in this situation.

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Marketing Your Home Dos and Don'ts

Marketing Your Home: Dos and Don’ts

When putting your home on the market, a big part of reaching or exceeding your desired sale price is decided by the way you market it.

If people don’t know you’re selling your home, and if they aren’t aware of all its unique features and advantages, they aren’t going to offer you the amount you want (if they even make an offer in the first place).

Here’s our list of what to do, and what not to, when putting your property up for sale.

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RBA's Submission on Home Ownership in Australia - Interesting Reading.

RBA’s Submission on Home Ownership in Australia – Interesting Reading.

The  Reserve  Bank  was recently invited  to  make  a  submission  to the House  of  Representatives  Standing  Committee  on  the  Inquiry  into  Home Ownership in Australia.

The  Bank  recognised  the  importance   of   housing   to   the   people   of   Australia.   Shelter   is   a   fundamental   human   need,   and  purchasing  the  home  one  lives  in  is  usually  the  largest  financial  investment  a household  will  make.

The  affordability  of  suitable  housing  is,  appropriately,  a  central  concern  of  government  policy,  and  it  has   been   the   subject   of  several inquiries   over   the   years,   most   recently   the   Senate   Economics  References  Committee  Inquiry (The  Senate  2015).

Housing  tenure  – whether  a  household  owns or rents the  home  they  live  in  – is  an  important  aspect  of  people’s  experience  of  their  home.

The  key  messages  of  this  submission  are  as  follows.

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Lending figures suggest heat coming out of housing market

Lending figures suggest heat coming out of housing market

The latest housing finance figures released today by the Australian Bureau of Statistics (ABS) reflect flat lending activity for housing suggesting that the heat is coming out of the housing market.

The Real Estate Institute of Australia (REIA) says the figures for May 2015 show, in trend terms, that the number of owner-occupied finance commitments fell by 0.2 per cent. This fall follows nine consecutive months of increases through to March. If refinancing is excluded, in trend terms for May, the number of owner-occupied finance commitments fell by 0.9 per cent.

REIA President, Neville Sanders says, “Decreases were recorded in all states and territories except for South Australia, the Australian Capital Territory and the Northern Territory. The Northern Territory had the largest increase of 0.9 per cent. The largest decrease was recorded in Tasmania – down 1.1 per cent.”

“In trend terms, the number of new dwellings purchase commitments increased by 1.1 per cent while new dwelling construction decreased by 0.6 per cent and the purchase of established dwellings decreased by 0.2 per cent. The value of investment housing commitments again increased -by 1.1 per cent.”

“The proportion of first home buyers, as part of the total owner-occupied housing finance commitments, increased marginally to 15.9 per cent compared to 15.8 per cent in April and follows the March figure of 15.7 per cent which was the lowest since July 2004.”

“The lending figures indicate a market that is moderating with May 2015 being the fourteenth consecutive month of modest drops in lending levels if refinancing is excluded.”

“The moderating housing lending suggest any concerns of an over heating property market should be laid to rest and also allay fears of an imminent bubble,” concluded Mr Sanders.

Story source: www.reia.asn.au

The 7 mistakes most sellers make

The 7 mistakes most sellers make

Selling your home? Don’t fall into these common traps!

In this post, we take a look at some of the mistakes we come across most often. If you’re guilty of one or more, don’t feel bad – most of them come down to human nature. Just remember to keep an eye on yourself (or your other half!) before signing away your home.

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85% of Aussies say solar panels boost property prices

85% of Aussies say solar panels boost property prices

The majority of Australians believe solar power-equipped homes are more valuable than those relying on traditional means of electricity.

New research from realestate.com.au and Origin Energy found that 85% of Australians identify solar rooftop panels as something which adds to a property’s value.

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Is it worth using an agent to sell my home

Is it worth using an agent to sell my home?

When selling your home, getting the best result comes down to two things: how much you spend on the sale, and how much you make.

Here at Madeleine Hicks Real Estate, we’re often asked why it’s worthwhile using an agent, so to answer this question we’ve put together a short summary of what goes into selling a home.

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