News

Given the level of commentary in the media recently about the cost of constructing a home, and the impact that this is having on homebuyers who are keen to create their next home from scratch, you might haver assumed that the market for vacant homesites around Melbourne has been quiet.

It might seem a little odd to be talking about the arrival of Spring after a week of such ‘wintery’ conditions, but the level of buyer activity in the City of Hume in recent times has suggested that we may well be seeing an early start to the official Spring market this year.

The dawning of a new financial year is often a moment in time that people choose to reassess and revise their plans, and this is certainly the case where people’s property plans are concerned.

With so much talk in recent months about the challenges that first home buyers are currently facing, it’s interesting to note that our team at Barry Plant Gladstone Park currently have a number of exciting opportunities that have enormous appeal for market entrants.

Whilst the announcement from the Reserve Bank this week would have come as a surprise to almost no-one, the news that official interest rates would remain on hold once again this month would have been a case of “good news/bad news” for many homeowners in the City of Hume.

Most Victorians are aware they will get a tax cut from the start of the new financial year. However, based on recent discussions we’ve had with lots of people in the City of Hume, quite a lot of us aren’t all that sure of how much that tax cut will be or, more importantly if you’re a home buyer, how that might impact on your ability to buy your next home.

We’ve been talking for quite some time now about the imbalance between the strong demand from buyers for property in the City of Hume, and the shortage of new properties for sale hitting the market in this area.

In case you missed it, there was an interesting article in the Herald-Sun this Saturday, (June 1st), that raised some interesting questions about where property prices are headed in the future.

One look at the calendar will tell you that June 30th is now just a matter of weeks away. Whilst that is an important date for every taxpayer in Australia, it is even more important for those readers who own a rental property.

If you’re a regular reader of these posts, you’ll be aware that I regularly point out that there is no such thing as a ‘one size fits all’ approach to achieving a great sale result in the City of Hume.

One of things we have learned over many years of successfully assisting the homeowners in The City of Hume with their real estate plans is that there are no ‘one size fits all’ solutions.

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