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News from HomeBound

Property investment news and other stuff.

Property is on the move.

Property is on the move.

Most property investors believe that the worst of the price falls has already come and gone, a new report has found. A detailed report released from ME Bank called the Household Financial Comfort Report, asked investors in Melbourne for their views about the value of their property in the next 12 months. Almost 90 per cent expect to see values increasing …

Housing affordability is up!

Housing affordability is up!

Our economy is the best it’s been in a decade on paper, with latest job figures being one of the biggest influences on property markets. Australia has experienced two consecutive years of at least 300,000 new jobs, according to ABS data which has resulted in almost full employment. Despite the national dream of home ownership, it’s still cheaper to rent than …

Investors to fall in love with Geelong

Investors to fall in love with Geelong

Those in the know are discovering that parts of regional Victoria are quickly overtaking other states of Australia such as Tasmania as property hotspots. Geelong has experienced continued capital growth in prices and lots of infrastructure works which has led to a healthy local economy. Factors including a steadily growing population sees the city as a possible investment strategy in …

Should you be investing in property right now?

Should you be investing in property right now?

Property has its ups and downs but historically it has been the star performer compared to other investments.  It is one of the very few investments that you can sleep at night knowing you will earn an income. Property can be a low-risk investment with the lions share of property owners being made up of homeowners, around 70% in recent times. …

How important is population growth to Melbourne’s property prices?

How important is population growth to Melbourne’s property prices?

There is something to be said when Melbourne’s population rate is currently growing the fastest it has for a long time yet property prices are on the decline. So what’s going on? During the last few years Melbourne’s inner city growth rate was more than five times that of any other capital city. In real numbers that’s about 12,00 new …

Get the best price for your home

Get the best price for your home

If you’re looking to sell your home or investment property,  you’ll need to make sure your property looks better than the competition. Here’s our guide to getting the best price for your property: 1. Declutter your home Remove old, tacky or old-fashioned furniture, clear the kitchen benches and pack away anything that makes the property looked cluttered. It’s also important to hide …

Time for a fixed rate home loan?

Time for a fixed rate home loan?

The latest research from a national mortgage broker seems to point to a change in borrower’s preferences to a fixed rate home loan versus standard variable home loans. It seems that the long-term trend of variable interest rates could be coming to an end, with Mortgage Choice’s latest research pointing to borrowers being seemingly more open to a fixed loan …

Ready to buy an investment property?

Ready to buy an investment property?

There is currently lots of speculation around Melbourne’s property market, which may open opportunities for you to buy your first or next investment property. Here’s a few strategies to consider if you’re ready to buy an investment property right now. 1. Ask lots of questions If you’re keen to buy an investment property this winter, be sure to let the …

Improve the value of your property investment

Improve the value of your property investment

There are ways you can improve the value of your property investment on a budget. Here’s a few tips that will make a difference if you want to improve the valuation or sale of your investment property. While you probably won’t be able to add a top of the range kitchen, you’d be surprised how much you can improve your investment …

Home loan – just got harder

Home loan – just got harder

Anyone thinking of getting a home loan right now may be turning green with envy at their friends who were approved some six months ago. Why?  Because things have got a lot harder in the finance space with the credit squeeze. Did you know that your credit card could negatively affect your home loan chances? We all know that you …