Posted in First Home Buyers

Can you believe the year is almost over? As 2024 wraps up, let's look back at the property market highlights and what we can anticipate for 2025.Reflecting on 2024Interest rates remained steadyThe Reserve Bank of Australia (RBA) kept the cash rate steady at 4.35% throughout 2024. Although inflation has significantly decreased since its 2022 peak, underlying inflation remains a concern at 3.5%, still above the RBA’s target midpoint of 2.5%. The RBA doesn’t expect inflation to sustainably hi...

When buying a new home, the property settlement process is like crossing the finish line in a marathon. This crucial step is when you legally take ownership of the property, but it involves more than just paying the purchase price and receiving the keys.Settlement is a comprehensive procedure that includes several important tasks before you can start moving in.These steps might include:Conducting a final inspectionReviewing and signing transfer documentsRegistering the ownership transfer with...

At FinancePath, we know that settlement day is an exciting milestone — it’s the moment you officially become the owner of your new home. But while it’s thrilling, settlement day can also come with its share of last-minute surprises. With proper planning and the right support, you can minimise potential issues and ensure a smooth handover. Here’s your guide to avoiding common settlement day pitfalls and making your big day a success.Common settlement day surprises to watch forSettlemen...

At FinancePath, we understand the challenges homeowners are facing with rising costs of living and mortgage repayment pressures. However, amidst these financial stresses, there’s some positive news for property owners. National property prices have continued to see growth, providing homeowners with potential opportunities.National property prices continue to riseIn October 2024, data from CoreLogic revealed that national property values increased by 0.3%, marking the 21st consecutive month ...

With last week’s announcement, the Reserve Bank of Australia (RBA) decided to keep the cash rate at 4.35 percent. Now, all eyes are on when the first-rate cut might happen.Chris Collard, Director at FinancePath, believes that a future rate cut will make a big difference in boosting confidence among potential buyers. “While a rate cut would give existing borrowers some extra cash flow, the biggest effect would be on confidence for those thinking about buying—whether they’re looking for...