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How young people can buy a home that's affordable - blog
Caboolture & Surrounds Sales Market

How Young People can Buy a Home that’s Affordable

With the increased cost of living, it’s difficult for young adults to save the deposit for a first home purchase. Regional first home buyers get a reprieve on stamp duty, if eligible for the concession (if home is valued under $800,000). Potentially, they could also get a Federal first home-owners grant of $30,000, if arranging building of their first home.  However, there is still lender’s mortgage insurance if borrowing past 80% and other buying costs.  Antonia Mercolla of REIQ recently highlighted the challenges first home buyers face in Queensland, particularly

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Jennifer December 11, 2024
financial relief coming for First home buyers
New Home Buyers

Relief Coming for First Home Buyers 

Housing affordability has steadily decreased over the past four years, and the new LNP Queensland Government has big plans to improve this woeful situation. So what are they planning to do? The LNP plan for first home buyers: Abolish the stamp duty for every first home buyer buying or constructing a new home.  Raise the stamp duty concession threshold in full for existing homes, up to $700,000 and partially up to $800,000, for first home buyers Build one million extra houses by 2044, make new regional plans and fast-track approvals

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Jennifer November 19, 2024
hidden cost of automatic market appraisals
Selling Your Property

The Hidden Cost of Relying on Automatic Market Appraisals

When it comes to selling property, every decision you make has serious financial implications. As real estate agents in Moreton Bay North, we see some people make costly mistakes during their home sale. One such mistake is undervaluing the need for a thorough property appraisal. Skipping this step can cost you tens of thousands of dollars. Why a Professional Property Appraisal Makes Sense A property appraisal provides an objective evaluation of the market value of the property. This is crucial for both buyers and sellers. For sellers, it ensures that

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Jennifer November 19, 2024
How long to hold a home or property investment for
Selling Your Property

How Long Would You Ideally Hold a Home or Property Investment?

We all want to know our home purchase is going to pan out long term.  Sometimes we can glean how things are going in the market from looking at how long people hold their home before selling and how much they gain (on average) when they do sell.  The median hold period of resales across Australia was 8.8 years in the June quarter. If holding this long, nationally, sellers have seen their home values increase by 56% on average. It pays to hold onto a home for a property market

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Jennifer October 8, 2024
Brisbane median house prices vs Melbourne
Investor Insights

Why Brisbane Median House Prices have Overtaken Melbourne

After increases in the first half of the year, Brisbane is now the second-most valuable capital city in Australia, with house prices higher than those in Melbourne. We take a look at various possible reasons for this.  The median house value in Brisbane is currently $966,382, around 6% above the Melbourne median of $912,000 (REIV). The median unit value in Brisbane is only a little lower than Melbourne, at $590,000 versus $629,000. Brisbane Home Value Index climbed 21% the year to June 2024, while Melbourne barely moved. Sydney house prices

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Jennifer September 18, 2024
New Developments in Morayfield
New Home Buyers

Exciting New Developments for Morayfield Families

The Moreton Bay region is one of Australia’s fastest growing local government areas, forecast to grow from 484,400 in 2021 to around 792,700 by 2046, and so there are a growing number of family-friendly facilities and retail developments to meet this need.  To make sure that the neighbourhood quality is kept while the neighbourhood grows in population, the Morayfield Neighbourhood Planning Project helps Council investigate and guide all development. In late 2024, citizens can have their say on the plan.    New Childcare/Swimming Facilities for the Growth of Morayfield Morayfield

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Jennifer July 24, 2024
which are the best outer northern Brisbane suburbs to buy
New Home Buyers

Which are the Best Outer Northern Brisbane Suburbs to Buy in this Market?

Despite the economy slowing, the home values in Queensland rose in the first half of this year, with the median Moreton Bay house now at $749,000. While this is good news for homeowners, with their home assets increasing 7 to 12% over the year, any rises hit hard to first home buyers. It also makes it harder to get approved for a new loan.  In the usually laid-back and affordable Queensland, we are now into the million-dollar territory in Brisbane ($1.16m), Gold Coast ($1.1m), Sunshine Coast ($1.02m), etc. Despite this,

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Jennifer July 3, 2024
First Home buyer Transfer Duty News
New Home Buyers

More Good News on Affordability for First Home Buyers

The Queensland Government has recently implemented the Help to Buy scheme, the first of all the States, which will make it easier for up to 40,000 low and middle income families around Australia to buy a home.  Previously we wrote about all the First Home Buyer concessions and grants. While there wasn’t a vast array of houses that qualified for the previous stamp duty concession, the recent change has opened things up. The threshold for the first homeowner concession on transfer duty has just been lifted for homes valued from

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admin June 18, 2024

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