An extension has been granted for first-home buyers approved for a government loan scheme if they can’t find a property in 90 days, as COVID-19 lockdowns make finding a home more difficult. The First Home Loan Deposit Scheme allows eligible first-home buyers to borrow from participating lenders with a 5 … Read more
Uncertainty over the effect of coronavirus may have sent stocks plunging to 30-year lows but property values are unlikely to get a similar hit – even in a recession, real estate analysts claim. There is still considerable uncertainty over how the pandemic will impact the market but recent interest rate … Read more
IN WHAT is believed to be a ‘world first’, the Ray White Group has just completed its first ever international online auction sale with their auctioneer in isolation in Brisbane, some 2288kms away from the picture perfect property in Auckland he sold. With the vendors and buyers in lockdown in … Read more
Mortgages and borrowing will be the cheapest in Australian history with the Reserve Bank to take the unprecedented step of cutting interest rates twice in a month to a rock bottom 0.25 per cent. The RBA was expected to act on Thursday to slash the official cash rate to 0.25 … Read more
Victoria’s leading tenancy legal service has urged the state government to implement a temporary ban on evictions during the coronavirus crisis. Tenants Victoria chief executive Jennifer Beveridge said renters were “at greater risk” of contracting COVID-19 if they lost their homes, or needed to find new ones in the midst … Read more
Shane Warne is looking to bowl Melbourne’s auction market over. The cricket legend will put his 15 Newbay Cres, Brighton home under the hammer with a $6.8-$7.4 million asking price on April 4. Photos of the home show the spin king is on a seriously good wicket, following a bit of … Read more
Every financial or economic crisis is different, and the coronavirus pandemic is no exception. The current situation can be likened, in some ways, to earlier economic downturns, such as the Global Financial Crisis in 2007. But what we’re living through at the moment is very much a first. For the … Read more
Mortgage rates have dropped to a record low but few Aussie homeowners have capitalised on the cheaper credit and continue to pay a higher loan rate than necessary. New research revealed just 3 per cent of the country’s six million home loans switched in the past six months, despite a … Read more
Ray White Group today successfully launched its innovative new private auction platform as bidders flocked to the virtual world to bid and buy in the ‘new normal’ way. The brand-new facility, that allowed bidders to still see each-other as well as the auctioneer, provided the competitive forum that was synonymous … Read more
Today was a great day for the true believers of the auction method. And another great day for all homeowners – it again confirmed the health of Australia’s six trillion dollar housing market. Today also proved that those agents and auctioneers who are adaptable and technologically talented can and will … Read more