Use this weekend to get ‘insights’ on your local property market
FHBA Weekend Preview: 11 – 12 March 2017
WITH the Western Australia State election on Saturday and the ACT, South Australia, Tasmania, & Victoria having long weekends this week (due to Monday public holidays), the amount of open homes and auctions being held will be significantly lower than last week. But despite the lower quantity of options on display this weekend FHBA co-founder Taj Singh recommends first home buyers get out and about in these States this weekend.
“Usually the quantity of people attending open homes & auctions also decrease when it’s a long weekend. This is because generally only the very serious buyers get around to the open homes & auctions. So if you live in one of the States that has a long weekend this week you should attend open homes in the area you are interested in and see what the numbers of buyers are like compared to a ‘normal’ weekend. This could potentially give you a bit of a guide about the number of serious buyers out in the market” explained Taj.
According to CoreLogic there are 1,362 auctions scheduled this weekend. Here is a summary of the capital city auction activity for this weekend:
- Sydney – 754
- Melbourne – 133
- Brisbane – 122
- Adelaide- 82
- Canberra – 40
- Perth – 28
Want to know more about this weekend’s auction activity? Visit the CoreLogic blog.
Good luck to all first home buyers this weekend.
First home buyer homes of the week – ed. 45
Last week the Victorian government announced new measures to assist first home buyers. One of the measures announced by the Government was the proposed doubling of the First Home Owners Grant (FHOG) from $10,000 to $20,000 for eligible ‘regional’ first home buyers. With that in mind, we decided to dedicate this week’s edition of FHBA New Homes of the Week (edition 45) to examples of regional Victorian homes that could be eligible for the proposed increased FHOG amount (as well as increased stamp duty concessions) from 1 July 2017.
- Take a look for yourself! FHBA New Homes of the Week – Edition 45
- To search through more first home buyer homes visit FHBA New Homes
Friday News Review
These are the top stories that affected first home buyers across Australia this week:
This week the RBA left the cash rate on hold at 1.50%.
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.
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