Real Estate and Property Market News

Realbot.com.au [realbot] is proud to be a supporting partner of the 2021 Real Estate Institute of Australia (REIA) National Awards for Excellence which will be held in Darwin on 9 – 10 June 2021.

The Reserve Bank of Australia governor Philip Lowe made it clear that recent speculation in financial markets that some central banks, including in Australia, may increase rates earlier than expected, was not an expectation that the RBA shared.

People are advised to speak with their bank if they are in financial difficulty. If they are unhappy with the bank’s response then they should make a complaint to the Australian Financial Complaints Authority and call the National Debt Helpline.

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RealBot is an automated digital assistant to help Agents grow their leads through both efficiency and a more effective customer experience. It’s built for real estate agents and is intuitive, clear, and easy to use. RealBot transcends a standard chatbot. It was built with real estate agents in mind. It offers a customer engagement platform built to turn customer contact into enterprise value.

The Reserve Bank of Australia is waiting to see the impact of its monetary policy on the Australian economy. Indicators suggest economic recovery is running at a faster pace than had been forecast. This means that home buyers are responding to the unprecedented levels of stimulus available.

It seems buyer demand has increased to buy a house in Sydney before Christmas and to get kids into school zones, but there are more units than houses to choose from. This has caused some to hold off and save more for a larger entry level house farther away from the city.

The NSW Government says it wants to help the people of NSW achieve the Australian dream of home-ownership and to grow the NSW economy. To achieve this it is starting public consultations on property tax reform where property buyers in NSW could be given the option to pay a smaller annual property tax instead of a larger up-front stamp duty and land tax (where applicable). The smaller amount is a fixed amount plus a rate applied to the unimproved land value of a property.

The beautiful summer months also brings challenges with increased temperatures that increase our energy bill, as we turn on the air conditioning and watch our hard-earned dollars fly out the window! So here are some energy saving tips to help cut air conditioning costs while keeping our homes comfortably cooled without boosting the energy company’s profit margins further!

31 December 2020 is the deadline for applications for the Homebuild grant to eligible owner-occupiers to build a new home, substantially renovate an existing home or buy an off the plan home/new home. So if you are thinking to renovate a room or two then there is a tool to help you get a better understanding of the total costs associated with your renovation objectives.