RBA FINALLY INDICATES RATE RISE COULD BE IMMINENT

The RBA has finally conceded that rising inflation and stronger than anticipated wages growth have brought forward the likely timing of the first increase in interest rates.   A June interest rate lift looks more likely than not, with the Reserve Bank of Australia (RBA) itself hinting rates could head north sooner than anticipated as…

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HOW COVID-19 CHANGED THE PROPERTY MARKET

Flashback two years to March 2020, when a collective cloud of anxiety first loomed as the state was plunged into our first COVID-19 lockdown. We didn’t know then, of course, the extent to which the government would cushion the pandemic’s blow, propping up the economy over the next two years with low interest rates and…

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YEAR OF THE AUCTION

It was the year of the auction for Australia’s property market with a record number of properties being sold under the hammer in 2021. Every weekend seemed to break the previous auction volume or clearance rate record while at the same time, lockdowns and capped numbers meant breaking away from the traditional methodology. Sellers who decided…

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COVID UPDATE AHEAD OF BORDERS OPENING

With borders set to open on 23 November we wanted to keep you informed of what measures we have in place as an agency. VACCINATIONS – Our staff have been encouraged to have COVID-19 vaccinations for their personal health and wellbeing, although we acknowledge that this is a decision for individual staff to make. We…

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EMERGENCY SERVICES LEVY & LAND TAX

Our team has seen a rise in the number of ESL and Land Tax invoices, which previously came to our agency, being redirected back to the owner’s personal address or the investment address.  This started last year with Land Tax and has continued this year with the issuing of ESL levies. We know what has…

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AUSTRALIA’S HOUSING MARKET – AN UPDATE

With so much discussion about the state of the housing market across Australia I thought this an ideal time to update our clients! Australian housing values increased a further 1.6% in July, according to CoreLogic’s national home value index. The latest rise takes housing values 14.1% higher over the first seven months of the year…

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HOW TO BUY IN A RISING MARKET

Come join us for nibbles on Tuesday 1 June 2021 at 6PM at our office to talk all things property with experts who will cover where the market currently is, how to organise lending, where the banks are at, tax and financial consequences. Flyer Attached – RSVP btphilpott@sellandrent.com.au   2021 BUDGET: WHAT’S IN STORE FOR…

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