Government announces First Home Buyer Deposit Scheme

As many first home buyers struggle trying to get into the housing market, a new government scheme has been announced in the hopes of helping them take the first step on the property ladder. The First Home Loan Deposit Scheme will lower the required home deposit from the current 20%, to just 5%.  A government[…]

RBA cuts interest rates to record low

The Reserve Bank has cut its official interest rate from 1.5% to a historic low of 1.25%. This was a widely expected result and is the first change in the RBA’s policy setting since August 2016. The RBA governor Philip Lowe suggested an upcoming rate cut in last month’s speech. All 43 economists surveyed by Refinitiv[…]

What a difference an election makes

It really does feel like the real estate market has given a collective sigh of relief, with the coalition retaining power. Irrespective of your political views, the uncertainly surrounding the impact of Labor’s policies on negative gearing and capital gains tax were causing nervousness in the real estate market. This was being reflected in prices continuing[…]

APRA announces proposal to scrap inflated interest rate assessment for home borrowers

With many confident the RBA will be cutting interest rates at the upcoming June meeting, Australia’s banking regulator APRA (Australian Prudential Regulation Authority) has announced a proposal to scrap a rule requiring mortgage customers’ lending capacity to be assessed at an inflated interest rate. Introduced in 2014 as a measure to contain rising house prices[…]

real estate bricks

Purplebricks exit no surprise to those in real estate

Purplebricks is to exit Australia after 2.5 years. I don’t think too many in the real estate industry are going to be surprised by this news. It just goes to show the importance of understanding your market and target audience, which is where I think Purplebricks missed the mark. I know that as a buyer’s[…]

RBA announce rates prior to upcoming election

Despite much anticipation the RBA has decided they will keep rates on hold for another month, announced less than a fortnight out from the federal election. A record low cash rate of 1.5% has now been held since August 2016, although money market traders do not expect it to remain there much longer. It has[…]

The suburbs most popular for Victorian first-home buyers

Buyers and sellers advocate Wendy Chamberlain from Chamberlain Property Advocates has spoken to Domain regarding Melbourne’s first home buyer’s preference towards buying homes closer to Melbourne CBD, shunning long commutes. “Wendy Chamberlain said she had noticed a move towards the northern suburbs over the past six to eight months. “They’re definitely buying based on a[…]

More Older First Home Buyers Getting into the Melbourne Housing Market

As the housing prices in Melbourne continue to fall, more older first home buyers are finding opportunities to purchase their own homes. Latest statistics shared by Herald Sun & realestate.com.au have confirmed. Figures from the State Revenue Office showed that the number of first home buyers aged 40 and above was almost the same as[…]

RBA’s budget day rates decision

Already using Social Media? Follow wendychamberlain.com.au for the latest about tips and tricks when it comes to buying a home and hiring a buyers advocate. The Reserve Bank of Australia delivered its verdict on interest rates for April 2019, just hours prior to the federal budget being handed down. Despite both economic growth and inflation continuing to[…]

Downsizers are selling their family home to buy city property and enjoy beach lifestyle

The Melbourne downsizers buying city properties to suit their beach lifestyle

Buyers and sellers advocate Wendy Chamberlain from Chamberlain Property Advocates has spoken to Domain regarding what is currently on Melbourne downsizers’ wish list. “I think there is a definite trend of downsizers buying a low-maintenance city base in Melbourne that offers them quick and easy access to freeways to escape down the coast as they[…]