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Banks have reported that home loans applications have increased. Now, this is definite confirmation of what we've been seeing and saying in the past month. With APRA and the banks loosening their assessment criteria, giving borrowers more access to funds, this can only mean one thing. Prices will start to rise again. If this trend continues, we could see property prices rise between 3 to 5% conservatively, with popular suburbs gaining more. Buyers have 3 options: 1. Continue to adopt the wait-and-see stance; 2. Wait till you see an upward trend before you start searching; 3. Get in now. With research indicating that it takes a buyer 6 to 12 months before they found a house, the wait-and-see stance is going to cost you 12 months of growth. Ie, you'll be paying 3-5% more for a similar property, by the time you buy one. Using an average price of $800k, that's $40k more. What would a savvy investor do? They have already selected option 4. Yes, they would already bought a bargain. But it's not too late. Option 3 is your next best choice. Would you use a Buyer's Agent? A Buyer's Agent can easily half that search time. Meaning, you'll start enjoying the benefits of a property owner sooner. https://www.livewiremarkets.com/wires/the-residential-property-market-and-how-to-play-it-in-the-stock-market

As we've mentioned just a few days before, it's definitely good times ahead for home buyers. The raft of positive changes announced in recent weeks, has literally shifted the property buyers sentiments from negative to positive overnight! This is set to end the falls in property prices and could even start pushing prices up in Melbourne and Sydney. If you've been living a rock somewhere, these are the upcoming changes: ✔️ Lending rule easing ✔️ $10,000 first home buyer deposit scheme ✔️ Interest rates expected to fall another 0.5% ✔️ Capital Gains Tax concession intact What does these all mean in dollars sense? This chart from Independent Mortgage Planners gives a good summary: Yes, that's right. Your borrowing capacity could increase by $100,000 in coming weeks! So, home buyers, get ready, if you're timing the market, the incentives are there to start pushing prices up. Start your process before prices rise. We're here to help. Book in your complimentary property buying strategy consultation. Give us a call today. https://www.smh.com.au/business/banking-and-finance/home-borrowers-set-to-receive-100-000-lending-boost-20190524-p51qx7.html

First home buyers: Get ready to pounce. With the Coalition retaining government, the 5% first home buyer deposit looks set to come true. Buying your first home need not be a daunting experience. Here are 5 pointers to help you get prepared. 1. Get your finances ready Do you know how much would the banks lend you? A good mortgage broker can help you secure the right mortgage and structure. 2. Find out your serviceability Have a good idea of how much you can set aside for the mortgage repayments each month. 3. Define your property strategy The first home is going to be your biggest purchase, and it can set you up for success or failure. Get it right. The right property can set you up for quick property investment success. Conversely, the wrong property can set you up for long term stress. 4. Primary Place of Residence (PPR) or Rent-vest? Do you want to use the property as your home? Or are you opened to other ideas? Did you know you can have your first home for as low as $10,000? It's all about making the right options and living the lifestyle you want. 5. Consider Engaging a Buyer's Agent. There are more than 1 way to own a property. A good Buyer's Agent does not simply help you to buy a property. He/she will understand your motivations and purpose of buying a property, and recommend the best strategy to start your property buying journey. Did you know, buying a property the DIY way can take up to 6 to 12 months? The buying process, dealing with real estate agents and putting together your offer and negotiating is often a time consuming and stressful journey. Buyer's Agents can reduce that by half. Plus, they deal with the tricks which selling agents play. Many clients have told us they should have engaged our Buyer Agent services from the start, as it is faster, stress-free, and cost efficient way to purchase a property. Have a chat with us, we've helped many first home buyers. We can help you too. Just for reading this post, and for a limited time, we're offering a massive 25% discount off our "Sit-back-and-Relax" full service buyer package. We can also refer you to mortgage brokers who will provide you with the best financing options from over 50 lenders.

Good news for first home buyers! You'll only need 5%, not 20% deposit for your property purchase. However, every buyer should beware. Get the wrong property, and you'll be in negative equity very quickly. Definitely not the situation you want to be in. We've helped buyers get the right property to prevent that. Have a chat with us. https://www.dailymail.co.uk/news/article-7019511/Scott-Morrison-announces-new-home-buyer-scheme.html

Finally, property prices is bottoming, just like what I've said. If you're ready to buy, get in before it's too late. https://www.smh.com.au/business/the-economy/the-correction-is-nearing-its-end-property-prices-will-soon-be-at-rock-bottom-says-hsbc-20190510-p51lxh.html

Yet another attempt by a mainstream media to manipulate the property market. But the message is clear, it is a buyer's market. There are significant bargains to be had. What has fallen sharply, will rise sharply. Some would prefer to time the market, but is it worth the risk? With Labor set to win the elections, and with them planning to implement the dreaded CGT and negative gearing changes in Jan 2020, property market timers could be in for a rude shock. It's May 2019 now. Did you know it takes a buyer an average of 6-12 months to buy a property the DIY way? That gives you barely enough time to beat the CGT changes. Is this the ultimate goal of this news segment? Savvy investors know one thing: It is buyers market while buyers are holding and waiting.. Property prices rise and fall. This is by far, one of the biggest fall in Australian property history. There are bargains everywhere. Savvy investors snap up bargains, as they know prices will rise to what they were, if not higher. It's not worth waiting for another anticipated 5% fall. Why? Let's put the facts together: Based on current median price of ($809,000), if property were to fall another 5%, it equates to just $40,500 savings. But would you risk saving $40,500 and be hit with the CGT changes which could cost you hundred of thousands when you sell the property? Savvy investors wouldn't. I wouldn't. Would you? https://www.9news.com.au/national/a-current-affair-property-market-prices-values-drop-experts-say-when-buy-sell-outlook-latest-news-australia/0b1f8fec-cf5e-4895-b801-3cd9108d5e01

When we talk about property prices in major Australian capital cities, falling prices is all we hear. Did you know? Prices in some regional areas have hardly fallen. We've seen many appreciated in the last 2 years, when prices are falling in metro area. Rental yields in regional areas are usually quite stable. Many tenants tend to stay longer, which means less vacant property, less relisting and new tenants to deal with. Tree change, however, is not for everyone. If you're planning a tree change, read on. https://www.domain.com.au/advice/six-things-to-consider-when-planning-a-tree-change-817689/

With property prices in Sydney and Melbourne having fallen 10-15% from their peak, buyers are starting to see value and are coming back into the market. Talking to some buyers, quite a few are also rushing to beat the changes to Capital Gains Tax, with Labor looking set to win the Federal Elections. https://www.news.com.au/finance/economy/australian-economy/adelaide-and-sydney-suburbs-surge-up-the-most-indemand-list-as-buyers-sniff-a-bargain/news-story/57a161d0389a5ac6be5459264da59245

With Labor set to win elections, plans are already being made to bring forward the proposed changes to Capital Gains Tax. Will this cause a buying spree with investor trying to beat the deadline? https://www.domain.com.au/news/labor-to-make-negative-gearing-and-capital-gains-tax-changes-from-january-1-2020-814067/

Latest update from indicates that the rate of decline in the Melbourne Housing Market has slowed. Is this a first indicator that the decline is bottoming? It might be too early to tell. With this decline, Melbourne prices has dialed back to 2016 levels. Should you keep waiting? Given that we are starting to get more interests from investors, I wouldn't want to wait too long.