“What! Hidden Costs?” If You’re a First Home Buyer Relax, Here's What You Need To Know Ahead of Time…

Buying your first home is a big deal. It’s exciting and daunting at the same time - a melting-pot of emotions. For those property ‘newbies’, it’s important to know that the purchase price isn’t the only associated cost when buying your first home (although that would be nice). Unfortunately, there are other expenses that come into play when buying your home.

Interest rates on hold at record-low 0.75 percent

The Reserve Bank has held interest rates at the historic low of 0.75 per cent.

RBA governor Philip Lowe noted in his post-decision statement the outlook for the Australian economy is little changed from three months ago. The RBA is forecasting GDP growth of around 2.25 per cent this year, gradually picking up to 3 per cent in 2021.

Property Markets Are in Recovery Mode

Investors were among the first to flee when property markets began to tank two years ago. Now, they’re back and feeling confident again. CoreLogic reported a 1.7 per cent increase in home values in both Sydney and Melbourne in September — the third month of growth since the end of the boom. Brisbane and Adelaide held steady, while Canberra recorded a one per cent increase.

Yarraman Village – Keeping you up-to-date

Have you seen our latest construction video? Check out the progress at Yarraman Village. 

 

 

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