New borrowers treated better says consumer watchdog

December 8, 2020 Mary Silins

If you have an older home loan you could be missing out if you are not shopping around for a more competitive lender.

A new report from the Australian Competition and Consumer Commission states that homeowners could save $34,000 over the life of a $500,000 home loan just by switching lenders.

It noted people with older home loans are generally paying significantly higher rates than those who’ve borrowed more recently.
The ACCC wants banks to be forced to regularly remind borrowers whose loans are more than three years old to review their rate and consider the benefits of switching products or lenders.

Want to make sure you have the best interest rate, looking to buy, move or renovate? Contact us here for a free consultation.

Adelaide jumps up ranks to be Australia's most liveable city in new Ipsos survey

November 11, 2020 Mary Silins

Uraidla in the Adelaide Hills.(ABC Radio Adelaide: Spence Denny)

Mahalia reports on new Ipsos national survey and comments from Ipsos public affairs director Stuart Clark.

With the popular Central Adelaide and Adelaide Hills ranked as the most liveable metropolitan areas in Australia, market research company Ipsos found Adelaide was the only place that rated above average across 16 liveability factors, such as safety, affordable housing and health services.

Covid has had a real impact on our housing market with people’s priorities changing on where they live, with health, jobs and economy the top 3 issues people listed as important.

Terry reports:

Market research company Ipsos found Adelaide was the only place that rated above average across 16 liveability factors, such as safety, affordable housing and health services.

People are spending even more time in their homes, entertaining and staying in the local area so there is a greater importance to love the space they are in and the functionality of how this space is used.

Looking to buy, move, renovate or just want to make sure you have the best interest rate? Contact us here for a free consultation.

Adelaide one of the best real estate performers in Australia: Hotspotting’s Terry Ryder

October 5, 2020 Mary Silins

So much truth to Terry Rider’s article with reports of almost two-thirds of Adelaide suburbs recording annual growth in their median house prices.

Once again, Adelaide is delivering on its reputation for steadiness.

Terry reports:

Adelaide is the standout market in capital city Australia. Its consistency of sales performance is remarkable and two-thirds of its suburbs have had price growth in the past year, led by double-digit rises in top-end markets.
Adelaide is undoubtedly Australia’s most under-rated market. It keeps delivering good sales activity and above-average results on house prices.

Despite the coronavirus, South Australia has handled the pandemic healthwise, better than any other Australian state. Our economy has shown resilience and the markets speak for themselves.

Read more on this insightful article here.

June 2020

Terry Ryder
hotspotting.com.au

Source: knowhowproperty.com.au

Don’t fear the financial cliff: August 2020

August 16, 2020 Mary Silins

capi_705dd0ff6a4c8d76120e6902c3ead8df_cfaea6f48178ab255d3781bd56d559ce.jpeg

Cliff diving is one of those pastimes that can easily prompt participants to soil their pants.

Hurling oneself off a cliff into water far below is terrifying, and has some parallels with the financial fears many Australians face right now. Cliffs and diving are two words that have been popping up frequently this year, often around real estate.

Click here to read more on realestate.com.au.

16 Aug 2020

News Corp Australia

SA Government Announces Grants Up To $40k For First Home Owners & $25k For Home Renovations

June 5, 2020 Mary Silins

First home buyers are hot in the property market with some substantial support being offered, we can help with the criterial for eligibility contact us here.

Homeownership is looking even more attractive, with the announcement that the South Australian Government is offering $25,000 to those building their first home or undertaking substantial renovations.

On top of the $15,000 First Home Owner grant, the $25,000 means that eligible South Australians can receive up to $40,000 off their first home.
The $25,000 is also on offer for owner-occupiers who are undertaking substantial renovations to their home.

Click here to read more on glam.com.au.

05 June 2020

Glam Adelaide