Posted in Homeownership
Understanding property market value and how to determine it.
Posted by Chris Collard
on 11 March 2025
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When buying a home, it's not uncommon for properties to sell for more than expected. However, most homes sell for what is considered their 'fair market value'. Understanding this concept and the factors that influence it can help you make a more informed decision.What is property market value?The 'market value' of a property is the price it would sell for in the current market. This value isn't fixed; it's a range influenced by various factors. Sellers aim for the highest possible price, while buyer...
Posted in:Homeownershipproperty market valueproperty report |
Should you build or buy a home?
Posted by Chris Collard
on 19 February 2025
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When you're looking for a new home, one of the biggest decisions is whether to build a new one or buy an existing property. Each option has its own benefits and challenges, and understanding these can help you make the best choice for your situation.Building a home lets you design everything to your liking, from the layout to the finishes. You might save on stamp duty and qualify for grants if you're a first-time builder. However, building can take a long time, face delays, and come with unexpe...
Posted in:Home loansFirst Home BuyersHomeownershiphome buying |
From city to coast: Navigating the shift to coastal living.
Posted by Chris Collard
on 13 February 2025
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As the new year kicks off and routines settle in, many Australians are eyeing a move from city life to coastal charm. What started as a lifestyle choice is now a practical option for many. Before you make the leap, consider these key factors to ensure a smooth transition.1. Is coastal living truly affordable?The days of ultra-low mortgage rates are behind us, and tighter credit conditions have buyers exploring more affordable options. Coastal property markets have become more appealing as buy...
Posted in:Homeownershiphome buyingcoastal living |
How a mortgage adviser can help you buy a home this year.
Posted by Mark Attard
on 30 January 2025
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With anticipated interest rate cuts, this year is perfect for buying a new home, refinancing, or exploring investments. As your trusted mortgage adviser, we're here to guide you through these exciting times and help you make confident decisions. Let's navigate this evolving landscape together!Here’s how the FinancePath team can support you this year:1. Guiding you through a changing marketThe property market can feel complex, with interest rates, lender policies, and government incentives con...
Posted in:Interest ratesHomeownershipmortgage adviserhome buying |
2024 in review and what to expect in 2025.
Posted by Mark Attard
on 27 December 2024
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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...
Posted in:Property InvestmentInterest ratesFirst Home Buyersproperty purchaseHomeownership |