Wyndham Vale
Welcome to the delightful neighborhood of Wyndham Vale, where charm meets accessibility to create an idyllic living experience. Tucked away in a tranquil corner yet seamlessly connected to urban amenities, Wyndham Vale offers the perfect blend of suburban serenity and metropolitan convenience. With tree-lined streets, welcoming parks, and a warm community spirit, this suburb exudes a sense of tranquility and belonging. Its strategic location near major thoroughfares, public transportation hubs, and bustling shopping centers ensures that everything you need is just moments away. Discover the beauty of a place where convenience meets charm in Wyndham Vale, your gateway to a life of ease and enjoyment Get to own this House and Land Package in Wyndham Vale for only $645,225! Land Size: 313.75 sqm House Size: 169.08 sqm 4 Bedrooms 2 Bathrooms 1 Living Room 2 Car for Garage Land Settlement: June 2024 𝗟𝗼𝗰𝗮𝗹 𝗥𝗲𝘃𝗶𝗲𝘄𝘀 𝘁𝗼 Wyndham Vale“Nice, quite and wonderful neighbourhood”Its beautiful, still lot of construction is on way but closure to good school, train station and soon will be Westfield being built, 𝗙𝗼𝗿 𝗺𝗼𝗿𝗲 𝗱𝗲𝘁𝗮𝗶𝗹𝘀, 𝗷𝘂𝘀𝘁 𝗰𝗮𝗹𝗹 𝘂𝘀: 1300 074 675 or send us a message on Whatsapp +61 488 859 637 For more updates, follow us on social media:Facebook: Simply WealthInstagram: @simplywealthgroupWebsite: simplywealthgroup.com.auTwitter: @SimplyWealthGrp
Beveridge
Beveridge is a picturesque suburb that captures the essence of serene living amidst natural beauty. Nestled within lush landscapes, this charming community boasts well-maintained parks, tranquil walking trails, and stunning views that create a peaceful atmosphere. Combining modern amenities with a touch of traditional charm, Beveridge offers an ideal environment for families and individuals seeking a harmonious blend of convenience and natural splendor. Its strategic location ensures easy access to essential facilities like schools, shopping centers, and healthcare services, making it a perfect choice for those looking to enjoy a fulfilling suburban lifestyle Get to own this House and Land Package in Beveridge for only $634,900! Land Size: 302sqm House Size:174.84 sqm 4 Bedrooms 2 Bathrooms 1 Living Room 2 Car for Garage Land Settlement: Titled 𝗟𝗼𝗰𝗮𝗹 𝗥𝗲𝘃𝗶𝗲𝘄𝘀 𝘁𝗼 Beveridge“Gorgeous Area and peaceful”Beveridge is a beautiful, peaceful pocket, Hidden off the highway. Mandalay Estate is worth checking out and worth living there. Very close knit, Access to gym, restaurant with a beautiful view and not to mention the lush green golf course. Gorgeous Estate, overall 5 stars 𝗙𝗼𝗿 𝗺𝗼𝗿𝗲 𝗱𝗲𝘁𝗮𝗶𝗹𝘀, 𝗷𝘂𝘀𝘁 𝗰𝗮𝗹𝗹 𝘂𝘀: 1300 074 675 or send us a message on Whatsapp +61 488 859 637 For more updates, follow us on social media:Facebook: Simply WealthInstagram: @simplywealthgroupWebsite: simplywealthgroup.com.auTwitter: @SimplyWealthGrp
Energy-Efficient Homes Sell Faster
Despite inflated property prices, energy-efficient homes have attracted higher demand from middle-income earners, the property marketplace has said. Real estate listing company Domain released its Sustainability in Property 2024 report, which found that energy-efficient homes attract, on average, 16 per cent more listing views than homes that are not energy-efficient, despite eco-friendly homes costing more. Domain also said that the properties that were energy-efficient (including homes that were north-facing, had double-glazed glass, solar panels, and heat recovery ventilation) sold 4 per cent faster compared to non-energy-efficient homes. The report revealed that the national average cost of an energy-efficient house was 14.5 per cent (or $112,000) more expensive than non-energy-efficient homes and 11.7 per cent (or $70,000) more expensive for units. The price difference between energy-efficient homes and non-eco-friendly homes is more prevalent in Melbourne and Sydney, compared to the national average. Melbourne boasted a 28.8 per cent (or $241,750) price increase for energy-efficient homes, with Sydney noting a 23.1 per cent (or $330,250) increase in property prices. You may read the whole article here:https://bit.ly/3WZrg64
New Home Listings Sell Faster
New home listings are selling faster, particularly in capital cities, as increasing buyer confidence and a shortage of new listings drive down the time properties spend on the market, new PropTrack analysis showed. “The speed at which listings are sold fluctuates over time, decreasing when market conditions are strong and increasing when the market is in a slump,” said Karen Dellow, senior data analyst at REA Group. Pandemic’s impact on sales speedBefore the pandemic, most new listings sold in 60 days or more. However, by the end of 2020, high property demand led to more new listings being sold within 60 days than those above 60 days. This trend reversed during 2022 due to interest rate rises dampening buyer demand. You may read the whole article here:https://bit.ly/3wOV3Ui
Mortgage Stress Rises Slightly
New research from Roy Morgan showed that 30.8% of mortgage holders, approximately 1,560,000 people, were considered “at risk” of mortgage stress in April, a 0.5% increase from March. This rise still falls below the peak levels seen earlier in the year. “The pause in rate increases for the last six months since November 2023 has reduced the pressure on mortgage holders,” said Michele Levine (pictured above), CEO of Roy Morgan. Rising household incomes have helped mitigate mortgage stress. You may read the whole article here:https://bit.ly/3yw4rwx
Aussie Wages Hit Record High
March salaries reach new peak In March, total wages and salaries paid by employers in Australia reached a seasonal high of $99.5 billion, up 2.1% from the previous month, amounting to an additional $2.1bn, fresh ABS figures show. “Total wages and salaries were $99.5bn in March 2024, up 7.1% from $92.9bn in March 2023,” Jarvis said in a media release. “This annual growth rate reflects the combined effects of changes over the year in underlying wage growth, hours worked, periodic payments like bonuses, and employment growth seen in other ABS labour statistics.” You may read the whole article here:https://bit.ly/4ax9muz
Home Buyers’ Decisions Not Heavily Impacted by Interest Rates – Report
Property prices listed as Australians’ main challenge in property buying decisions About 37% of homebuyers in Australia say interest rates did not influence their decision to buy or sell property, a new property research survey found. The preliminary findings from InfoTrack’s “2024 State of Real Estate Report” follow a recent decision from the Reserve Bank of Australia to leave the cash rate on hold at 4.35% for the sixth consecutive month. The report also found that 27% percent of the respondents listed property prices as a main challenge in their decisions to buy a property, while 20% cited market conditions. You may read the whole article here:https://bit.ly/4bw0M0f
Shocking Rate Changes Last Week: What You Need To Know!
In the latest round of home loan rate adjustments, the Bank of Sydney increased several owner-occupier and investor variable rates, while multiple lenders adjusted fixed rates, Canstar reported. According to Canstar, these changes reflect broader trends in the market and economic impacts from recent policy decisions. Here’s a closer look at the latest movements in home loan rates and what they mean for borrowers. Rate adjustments across lendersThe Bank of Sydney increased four owner-occupier and investor variable rates by an average of 0.08%. Additionally, three lenders increased 77 owner-occupier and investor fixed rates by an average of 0.20%, while Me Bank cut 10 fixed rates by an average of 0.07%. You may read the whole article here:https://shorturl.at/uLTal
5 Tips for Finding the Best Mortgage Lender
1. Get your finances in good shape The credit score required to get a mortgage varies by the type of loan and the lender. With a higher score, you’ll have more choices of loan programs, and you’ll qualify for lower interest rates. Before shopping for lenders, find out your credit score and make sure your credit reports are accurate. NerdWallet offers a free credit score and report, updated weekly, using TransUnion data. You can receive free copies of your reports from each of the three major credit bureaus through the government-mandated AnnualCreditReport.com website. Check the reports carefully and dispute any errors. Next, work on improving your credit. Pay bills on time and work on paying off credit card balances. Lowering your debt will also improve your debt-to-income ratio, or DTI, another key element that lenders evaluate. An ideal DTI ratio for a mortgage is under 36%. Reducing your debt payments will also free up money to save for a home down payment. 2. Learn what kind of mortgage is right for you A variety of home loans are available to satisfy different needs. For example: Home loans also vary by term length, such as 15 or 30 years, and by how the interest rate works. With fixed-rate mortgages, the interest rate stays the same for the entire loan term; with an adjustable-rate mortgage, the interest rate periodically increases or decreases after an initial fixed-rate period. Some lenders offer a broad mix of mortgages; others specialize in certain types. Once you understand the general options, you can seek out the lenders that offer what you need. 3. Compare rates from multiple mortgage lenders Search for the best mortgage rates online from lenders that offer the types of loans you want. Keep in mind that the rate quote you see is an estimate. A lender will have to pull your credit information and process a loan application to provide an accurate rate, which you can then lock in if you’re satisfied with the product. Once you have several quotes from lenders, narrow the list to those with the lowest rates. The total interest you pay over the life of the loan is a big figure, and a lower rate can save you thousands of dollars. 4. Get preapproved Apply for mortgage preapproval with more than one lender before you start shopping for a home. A mortgage preapproval letter shows sellers and real estate agents that you’re a serious buyer. It’s evidence that a lender has evaluated your finances and figured out how much you can afford to borrow. Getting preapproved now will also save time later. When you’re ready to make an offer on a home, lenders will have the information they need to process your home loan. To get pre-approved, you’ll have to provide information about your income, debts, and assets. Lenders typically require: 5. Compare loan estimates and choose the best deal A loan estimate is a document a lender must provide after you’ve applied for a loan and have provided certain information, including the address of the property you want to buy. The document will spell out important details about your loan, including the interest rate, monthly payment, fees, and estimated closing costs. Compare loan estimates from at least three lenders. Read each line to make sure the details match what you expected, and ask questions about anything you don’t understand. Then, carefully compare costs and terms to choose the best deal for you.
Housing Market Sees Increase in Vacant Rentals: Report
Australia’s housing market saw an increase in the number of vacant rental properties in April, according to a report by PropTrack.In its Rental Vacancy Rates report for April 2024, it was found that the national vacancy rate increased by 0.09%, reaching a total of 1.21%. “While vacancy eased in April, conditions remain incredibly tough for renters, with just 1.21% of rental properties sitting vacant over the month. This is less than half the level that is considered a healthy rate of vacancy,” said Anne Flaherty, an economist at PropTrack. You may read the whole article here:https://bit.ly/3WOjhsj
