You open up the real estate app on your phone, scroll through a few listings, and then there it is: the home of your dreams, ‘added 1 hour ago’. So just how long do you typically have to act in this hot market?

Well, let’s just say it definitely helps to have spoken to us about pre-approval if you’re actively house-hunting right now.

That’s because the average number of days properties are listed for sale on realestate.com.au reached record lows in every state in March, according to the REA Insights Housing Market Indicators Report April 2021.

And that’s likely got something to do with the fact that demand is extremely strong, with ‘views per listing’ at record highs.

So just how long are properties listed for?

The average number of days properties were listed on the realestate.com.au website was 48 in March 2021.

Properties sold the fastest in the ACT (average of 25 days listed), New South Wales (27 days) and Victoria (30 days).

Tasmania (37 days), South Australia (48 days) and Queensland (54 days) were positioned in the middle of the pack, however, they dropped 9, 17 and 19 days respectively over the course of the month.

And while properties in Western Australia (71 days) and the Northern Territory (59 days) took the longest time to sell on average, they recorded the largest falls in average time online over the past year, down 28 and 14 days respectively.

Views per listing and property price searches are also up

Properties are currently viewed an average of 1694 times on realestate.com.au – up from 819 in March 2020.

“This growth can be attributed to several factors, including record-low borrowing costs, government support packages for first-home buyers and limited available stock,” the REA report states.

Buyers are also on the hunt for more expensive properties than they were a year ago.

The percentage of searches for properties valued between $750,000 and $2,000,000 has increased to 52% in 2021, up from 47% in 2020.

Get in touch today to find out more about pre-approval

Make no mistake: competition amongst buyers is fierce.

More people are house hunting for more expensive properties, with fewer days to secure finance for the home of their dreams.

This all highlights the importance of exploring your borrowing options with us in advance, in order to increase your chances of securing a property in this hot market.

Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.

Did you know more than a third of Australian homeowners are considering putting their property up for sale so they can take advantage of the current boom in prices? Here’s how to get your property looking spick and span for prospective buyers.

New data shows seller confidence is now higher than it was prior to the COVID-19 pandemic, with 35% of homeowners considering selling by 2026, Westpac says.

And 12% of homeowners are already in the process of putting their house on the market or are planning to do so in the next 12 months.

So, if you’re a homeowner keen to sell your property in the current hot market, below are seven ways you could make it more attractive to potential buyers.

1. Bathroom boost

We hate to say it, but your bathroom/s will likely attract more scrutiny from prospective buyers than any other room.

If your bathroom is moderately new and not too dated, simply pay some professional cleaners to get it sparkling.

However, if your bathroom is fairly dated, consider updating some of the obvious essentials such as a new sink or tapware, updated countertops and cabinets, and a fresh coat of paint.

Also, ensure the taps and shower head are shiny and not leaking, and the toilet is spotless.

2. Kitchen kit-out

Giving the bathroom a good run for its money in terms of scrutiny is the kitchen.

Rest assured there are ways you can revitalise it without blowing the budget, such as replacing old cupboards and pantry doors, upgrading the benchtops, and making sure the taps and electrical fittings are in good working order.

And don’t forget that your kitchen appliances also act as sales props. If they’re old and outdated, they’ll bring the rest of the kitchen down with them. The good news is if you have to buy new appliances, at least you can take them with you!

3. Floor flaws

Nothing screams “I’ve seen better days” like stained carpet, scuffed floorboards, or chipped tiles.

If the floor a prospective buyer is standing on is dirty and dated, it won’t be long until they start thinking about what else is wrong with the house that they can’t immediately see.

If it’s within your budget, definitely consider giving this part of your property a makeover before inviting potential buyers in.

4. Pot plants

One of the quickest and cheapest ways of making the inside of your home feel more alive is to add a bit of greenery in each room.

Pot plants are fantastic because they’re low maintenance, make your place look great, and are great for your health.

And once again, rather than leaving them behind, like most other things on this list, you can take them with you when you sell your property.

5. Energy efficiency

Properties with high energy-efficiency ratings typically sell for up to 10% more, a review of international research shows.

The government’s Your Home website is a great starting point when it comes to making your property more energy-efficient and environmentally sustainable.

It includes information and tips on how to include more energy-saving features in your home, which may include improved lighting technologies, insulation, draught sealing and batteries, to name a few.

6. Paint pizzazz

A fresh coat of paint can make a property look and feel new again. And fortunately, it’s among the most affordable ideas on this list.

Best to play it a little safe though and go for neutral creams and whites that will suit most people’s tastes – you’ll attract more interested buyers that way.

And remember, lighter shades like beige and white also give the impression of more spacious rooms.

Finally, don’t forget the ceilings, even if they’re hard to reach!

7. Gardening gains

First impressions last – so one way to instantly increase the initial ‘wow’ factor of your home is to upgrade its exterior.

Trim any overgrown bushes, mow the yard, apply grass seed where there are bare patches, get some new flowers and plants in the garden beds, and ensure the fence looks great.

If you don’t have the tools for the job, or you’re simply more of an indoors person, consider hiring a landscaper to help out.

Got your eye on your own property upgrade?

If you’re thinking about selling your current property to buy elsewhere, get in touch today to discuss your finance options and borrowing capacity.

We’d love to take some weight off your shoulders when it comes to everything finance, so you can focus on getting your current property ready for sale!

Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.

Long gone are the days of Holden vs Ford. These days it’s all about the SUV vs the great Australian ute. So which vehicle type topped the list in 2020?

Let’s wind back the clock a bit.

It’s the year 2000: we’ve dodged Y2K (phew!), you can still photograph your kids sitting next to the pilot, and you’re either a fan of Peter Brock (Holden) or Dick Johnson (Ford) – never both.

Back then the Holden Commodore and Ford Falcon were our two top-selling vehicles, both of which have been discontinued in recent years.

How times change, huh?

So what’s the most popular kind of vehicle in 2020?

These days it’s all about the SUV, which is getting more and more popular.

In fact, SUVs claimed 49.6% of the market during 2020, an increase from 45.5% market share in 2019, according to the Federal Chamber of Automotive Industries (FCAI).

Light commercial vehicles (LCVs) – mainly utes and vans – were also popular in 2020, with 22.4% market share.

Sales for this vehicle type were no doubt boosted by the federal government’s instant asset write off scheme – now expanded to ‘temporary full expensing’ – which allows businesses to immediately deduct the business portion of the cost of eligible new depreciating assets.

What are the most popular brands and models in 2020?

The highest-selling brand for the year was Toyota, with an impressive 204,801 vehicles sold for a whopping 22.3% market share in Australia, says the FCAI.

In second place was Mazda (85,640 sales for 9.3% market share), followed by Hyundai (64,807 sales for 7.1% market share).

In fourth place was Ford (59,601 sales for 6.5% market share), narrowly beating out Mitsubishi (58,335 sales for 6.4% market share).

It’s interesting to note that out of the top ten vehicles for the year, seven of them were either SUVs or LCVs.

So without further ado, the top-selling vehicles for the year 2020 were:

1. Toyota HiLux (45,176 sales)
2. Ford Ranger (40,973)
3. Toyota RAV4 (38,537)
4. Toyota Corolla (25,882)
5. Toyota Landcruiser (25,142)
6. Mazda CX-5 (21,979)
7. Hyundai i30 (20,734)
8. Mitsubishi Triton (18,136)
9. Toyota Prado (18,034)
10. Kia Cerato (17,559).

Got your eye on a vehicle? Get in touch

If you’re thinking of purchasing a new vehicle and want to explore your finance options for it, then please get in touch.

As mentioned above, if you’re a business owner and need to use the vehicle for your business, you might be able to take advantage of the federal government’s ‘temporary full expensing’ scheme, which is designed to help boost your business’s cash flow.

To find out more, please get in touch with us today – we’d love to help you hit the road in a new set of wheels.

Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.

HEALTHCARE WORKER & NURSE HOME LOANS

Nurses and healthcare workers are some of the most important and hard-working members of our community.

If you’re a nurse or someone who works in healthcare, did you know that there are certain lenders that take into account the full benefits of salary packaging your home loan?

Taking this approach can maximise your borrowing capacity and at the same time, minimise the financial impact of having a mortgage.

Contact your nurse and healthcare worker home loan specialist

SPECIAL HOME LOAN OPTIONS FOR NURSES

Salary packaging works by allowing nurses and healthcare workers to earmark some or all of their home loan repayments as a tax-free expense. It is not always an option that is available to the general public, which is why you may not have heard about it before.

As a result of salary packaging, you will pay less tax. This means you have more money to put towards living expenses.

Watch the short video below to see more about how it works. (video in production)

CAN I BORROW MONEY FOR A HOME LOAN ON A NURSE’S SALARY?

lf you are a nurse or healthcare worker with a good credit history and evidence of being able to save money, you can definitely be considered for a home loan.

Here are some of the things you will need as part of your application:

  • evidence of your income and employment history;
  • evidence of your personal debt (ideally it will be very minimal);
  • a good credit history, and
  • evidence you have been saving for a deposit (this could also include proving you have been steadily paying rent).

The most important thing you need when applying for a home loan as a nurse or healthcare worker is the help of a specialist who can walk you through the process and help you figure out if salary packaging is an option for you.

WORK WITH A SPECIALIST IN NURSE HOME LOANS

Steve Morrison

With a ten year history as a mortgage broker, I have helped dozens of nurses and healthcare workers to get their home loan applications over the line.

Even when it’s not a straightforward process, I can provide the information and guidance you need to make steady progress towards buying a home.

My services include researching the lenders that offer salary packaging options and home loans for nurses at the most competitive rates.

NURSE HOME LOANS: HOW IT WORKS

Meeting with a mortgage broker who specialises in helping Australians who work as nurses or in healthcare is the first step to figuring out which special home loan options are available to you as a nurse.

  • Book a time to speak with me and we’ll go through your circumstances, your plans and your ideal outcome.
  • I’ll let you know how much you can borrow based on your savings, current interest rates and your lending options as a healthcare professional.
  • Then we will work together to prepare an application with a lender who can provide the most attractive salary packaging options.

IMPORTANT INFORMATION FOR HEALTHCARE WORKERS ABOUT APPLYING FOR A HOME LOAN

 Because nurses and healthcare workers have atypical salaries that include overtime, shift work and salary packaging, it is critical your earnings are clearly understood and presented the right way to make it easier for lenders to give you the all-important “yes”.

That’s what I specialise in. Let me help present your application the right way so you can enjoy the next stage of your homeownership journey.

Get in touch to schedule your first appointment.

Contact your nurse home loan specialist

 

 

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