Last weekend of summer 2017

 In Latest news, Market Update, Properties of the week

FHBA Weekend Preview: 25 – 26 February 2017

It’s been a very hot summer. The weather and the property market. And the last weekend for summer 2016-17 is going to be a busy one for the property market.

According to CoreLogic RP Data there are 3,122 auctions scheduled this weekend, up a massive 36% on last weekends auction activity. More auctions are also being held this weekend than the equivalent weekend last year. Here is the capital city auction activity summarised:

  • Melbourne- 1,555
  • Sydney – 1,142
  • Brisbane- 161
  • Adelaide- 114
  • Canberra – 97
  • Perth – 49

The increased amount of auctions being held around the country should present opportunities for struggling first home buyers. However investor activity remains strong according to experts.

In some markets like Sydney it is forecast to rain this weekend. It will be interesting to see if the rain deters buyers at auctions and open homes. On Monday will give you the weekend results.

To see the full CoreLogic auction preview visit the CoreLogic blog.

First home buyer homes of the week

Lately we have received many enquiries by first home buyers looking to get in on the smallest deposit possible. So for FHBA New Homes of the Week (edition 43) we picked 5 first home buyer homes that require a low deposit of $30,000 or less (conditions apply). And of course, as always with this segment, all 5 first home buyer homes are eligible for the First Home Owners Grant!

News Review

These are the top stories that affected first home buyers across Australia this week:

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Loan Pre-Approval

Planning on going house hunting but don’t know whether a bank will lend you enough funds to buy your first home yet? You should get a no obligation loan pre-approval.

A loan pre-approval provides you with a written guidance of how much a particular bank is willing to lend to you. Loan pre-approvals come with no obligations to proceed, leaving you in control and importantly, attending open homes knowing what your borrowing capacity and budget is.

To organise a no charge loan pre-approval speak to an FHBA Broker from FHBA Mortgages today

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