Getting jobs back will help homeowners most now: RBA

Home values are holding strong during the COVID-19 pandemic as Australians closely monitor how the fall-out of job losses and wage cuts will likely affect property markets across the country.

Real estate analysts say the full economic hit of the coronavirus crisis may not be known until early October after financial supports like Centrelink’s JobKeeper payment, other government stimulus and mortgage hiatuses offered by banks are due to end.

Home values have remained steady but everything could change when government stimulus runs out in Spring. Picture: realestate.com.au/buy


Executive manager – economic research at realestate.com.au, Cameron Kusher, said property seekers

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Posted on 3 days ago

Game of Thrones house sold off as expats clear the decks ahead of June 30 deadline for tax slug

Home values are holding strong during the COVID-19 pandemic as Australians closely monitor how the fall-out of job losses and wage cuts will likely affect property markets across the country.

Real estate analysts say the full economic hit of the coronavirus crisis may not be known until early October after financial supports like Centrelink’s JobKeeper payment, other government stimulus and mortgage hiatuses offered by banks are due to end.

Home values have remained steady but everything could change when government stimulus runs out in Spring. Picture: realestate.com.au/buy


Executive manager – economic research at realestate.com.au, Cameron Kusher, said property seekers

Read More
Posted on 3 days ago

Homebuyer Demand Outpaced Supply Mid-Pandemic

Home values are holding strong during the COVID-19 pandemic as Australians closely monitor how the fall-out of job losses and wage cuts will likely affect property markets across the country.

Real estate analysts say the full economic hit of the coronavirus crisis may not be known until early October after financial supports like Centrelink’s JobKeeper payment, other government stimulus and mortgage hiatuses offered by banks are due to end.

Home values have remained steady but everything could change when government stimulus runs out in Spring. Picture: realestate.com.au/buy


Executive manager – economic research at realestate.com.au, Cameron Kusher, said property seekers

Read More
Posted on 3 days ago

All Eyes On October As Home Values Hold Strong

Home values are holding strong during the COVID-19 pandemic as Australians closely monitor how the fall-out of job losses and wage cuts will likely affect property markets across the country.

Real estate analysts say the full economic hit of the coronavirus crisis may not be known until early October after financial supports like Centrelink’s JobKeeper payment, other government stimulus and mortgage hiatuses offered by banks are due to end.

Home values have remained steady but everything could change when government stimulus runs out in Spring. Picture: realestate.com.au/buy


Executive manager – economic research at realestate.com.au, Cameron Kusher, said property seekers

Read More
Posted on 3 days ago

How Lending Practises Have Tightened During COVID-19

The coronavirus crisis is already having a devastating impact on Australia’s economy with almost 600,000 people losing their jobs in April after COVID-19 restrictions forced thousands of businesses to shut down.

Amid the financial uncertainty, banks and other lenders have changed the way they assess borrowers, in some cases, making it even more difficult to get finance to purchase a home.

Banks and other lenders are not taking any risked when assessing borrowers during COVID-19. Picture: realestate.com.au/buy


Meanwhile, while tentative about taking on new clients, most lenders are bending over backwards to try and help their existing clients.

But for

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15 Factors That Can Determine If Your Home Has Good Resale Value

Whether you’re looking to purchase or sell a home, not all properties are created equal, and not all retain good resale value. Meaning when the time comes to sell your home, you may receive fewer offers, offers under your asking price, or your home may end up sitting in seller’s limbo for longer than you anticipated. Though first-time homebuyers looking at homes for sale in Sacramento, CA may have different wants in a home compared to a growing family looking to upsize to their second house in Atlanta, GA, there are some universal factors that influence a home’s resale

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Radio star Jackie O begins hunt for new home as Vaucluse sale settles

Jackie O has been attending inspections while looking for a new home. Picture: Sam Ruttyn


With the sale of her Vaucluse family home settled last week, radio star Jackie O has hit the inspection trail looking for her new abode.

The recent sale of the five-bedroom house, for $6.675 million to Hayley Symon, brings to an end Jackie’s 18-year marriage to Lee Henderson. They announced their “amicable” separation in October 2018. Now that the sale is final, she looks ready to move on.

MORE: Radio host Jackie O sells in Vaucluse for above $6.5m guide

‘Honeymoon’ prices for

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Post-Pandemic Migration from Expensive Cities Likely, Survey Finds

Survey shows more than 50% of people in New York, Seattle, San Francisco and Boston would move if work-from-home became permanent.

The sudden shift to remote work, brought on by the coronavirus shutdowns will accelerate a major migration away from expensive coastal cities. According to a new survey of homebuyers and sellers from Redfin, 1 in 4 newly-remote workers expect to continue to work remotely once shutdowns end, and over half of respondents would move if they never had to go into an office.

“Redfin is preparing for a seismic demographic shift toward smaller cities,” said Redfin CEO Glenn

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Weekend auctions: Surprise competition as live action resumes in capitals

Victoria kicked off its first on-site auctions since bans were lifted, and some NSW sellers scored big with strong competition from bidders, amid a busy weekend of activity in the auction capitals.

Latest realestate.com.au auction data shows Victoria had a clearance rate of 70% in its first weekend of live auctions in eight weeks, while NSW hit 73% after coronavirus bans were lifted last week.

1 Kyarra St, Hampton sold in one of Melbourne’s first auctions back.


Nerida Conisbee, realestate.com.au’s Chief Economist, said while auctions were “trending back to normal” in Sydney and Melbourne with return of on-site sales, it

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