June 11, 2013 Leave a comment
The Reserve Bank’s decision to cut interest rates by 25 basis points to a record low interest rate of 2.75% is great news for home buyers and property investors.
First National Real Estate News, Media Releases & Real Estate Industry updates locally & Australia wide
April 2, 2013 Leave a comment
Local realtors say there has been a significant reduction in the amount of available properties in the past year.
February 18, 2013 Leave a comment
The property market is on the rebound according to the First National Real Estate 2013 Property Market Outlook.
“The market is expected to build on the momentum already seen over the last six months of 2012,” said First National state chairman Mark Millington.
February 18, 2013 Leave a comment
Ben Conti, sales agent at Wal Murray First National at Lismore, believes that any rate drop would be positive for the market.
But he also sees caution out there in the market.
“Everyone is now very plugged in to what is happening out there in the world,” Mr Conti said.
“They know the price of oil, the situation in Europe’s and what is going on in the Australian mining industry. It may not directly affect their day to day life but it contributes to a general air of negativity.” Mr Conti said the market has been surprisingly good over the November-January period and the price of real estate had come back by 1015% in some instances.
“In some cases we are doing valuations at 2007 levels,” he said.
A rate drop may bring buyers that have been hanging back up until now into the market.
Source: Northern Star, Lismore 02 Feb 2013
February 4, 2013 Leave a comment
There has been plenty of conjecture since the start of 2013 about what lies ahead for the property market: Has the market bottomed out? Will prices rise this year? Will interest rates fall and by how much?
January 11, 2013 Leave a comment
And key industry players say conditions, including low interest rates and price decreases, are ideal for a record month in the sector with agencies timing their big auctions to coincide with interstate and overseas tourists flocking to the city.
January 7, 2013 Leave a comment
The Territory property market is on the rebound, a survey has found.
And experts say 2013 is looking to be a “good year”.
First National Real Estate’s 2013 Property Market Outlook is based on a survey of the 400-plus member network.
December 10, 2012 Leave a comment
Summer is now upon us, and while it can prove a tricky season to sell homes, it can be just as rewarding as spring.
With an interest rate cut just handed down and Australians’ savings at their highest levels, this summer could be a lucrative one.
The latest interest rate cut is expected to bring some buyers back to the market, while investors are also looking for the last of the bargains before prices rebound.
December 7, 2012 Leave a comment
Though we have had a period of stable interest rates and reductions, interest rates will inevitably rise again, probably sooner rather than later, according to First National Real Estate.
The group is advising first-home buyers and homeowners to plan ahead.
November 12, 2012 Leave a comment
Tenants in 17 Geelong suburbs could become homeowners by spending only $50 a week more than they pay in rent.
An RP Data Buy vs Rent report analysed the difference between monthly mortgage payments and monthly rental payments based on the median value of houses and units across Geelong.
It found that lower interest rates meant houses in Geelong’s north and east, including Norlane, Corio, Marshall, Breakwater, Grovedale, Newcomb, Colac and Whittington and units in Corio, Bell Post Hill, St Albans Park, East Geelong, were now affordable for first homebuyers.