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Getting a mortgage is a big hurdle to overcome, and then there’s the deposit, which can be as high as 20%. Lenders are tightening up slightly, so getting pre-approval isn’t a given. However, if you and your partner are both in employment, have decent salaries, and have a good credit score, you can approach a mortgage broker. Here are a few funding options to consider.
What makes this process even more complex is when you’ve decided to move to a completely new location. After living in the same area for years, you might have chosen a brand-new place to explore. While this is very exciting, it can add to unnecessary stress to the situation. There’s an element of the unknown that makes it difficult to properly plan out certain aspects of your move.
Understanding the housing market can help you make an informed decision about when it is the best time to purchase or sell a home. Real estate agents can provide guidance, but as a home buyer or seller, it’s necessary to do research and understand the local market. Here are some ways home buyers and sellers can analyze and understand the housing market:
The NSW property market has undergone an interesting swing in the past 12 months. While prices in regional areas have remained strong, several inner suburban areas have flattened or dropped. House and land packages, in particular, are experiencing heightened interest as a range of buyers are recognizing an untapped potential for future growth and return on investment.