commented last time that it seemed as though interest rates would remain low into 2012! Well, with the drama in Europe that seems likely well into if not through next year. A lot of this has to do with European [and other] governments dropping their OCR rates, thus making it cheaper for our banks to […]
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Frankly, with what the parties are saying as we head to another election, we don’t see any major change impacts on the property market irrespective of which majority party prevails and which minor parties push them around. At this stage or course, a change in government seems unlikely which provides even more comfort as we […]
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I think I commented a couple of newsletters back that we were seeing increased interest in but not yet sales of rural properties. Well, that has changed, with rural property saes the highest in the past two months than for any two months in the past four years. The farm gate income projections remain strong […]
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First National’s quarterly Property Management survey recently showed that in the main rental demand is high, vacancies low and real pressure is coming on newer and larger homes. Really, this followed on from the previous survey but for those intending becoming a landlord it is yet another reminder that the lowest priced property which is […]
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t’s almost a broken record now, but the indicators are there that mortgage interest rates will stay as low as they are at least into the middle of 2012 and given the contraction in Europe along with China and pending drop in the Australian interest rates… it could even be extended beyond that. Advice though, […]
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When you buy a car, you usually get an MTA registered inspector to report on its safety, wear and tear and potential longevity. Or AA. Either way, you can trust the report and there can be ‘come back’ if an adverse event occurs. Well, it is of huge concern to us that when making the […]
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There are so many theories as to what will happen post the Cup, but it does seem to First National, that in those towns and cities that are hosting overseas teams and especially those hosting games, there will be some spare rental properties. It’s now quite obvious that considerable volumes of homes are being rented […]
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I spoke with one of our key rural salespeople the other day and he commented that the increased income almost all rural land-use types are reporting is still being used to downsize debt, some needed capital expenditure and for increased pasture management [did you see both major fertiliser companies report between 75 – 100% increase […]
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I know I’ve said it before, but as we’re all in the property market somewhere, we need to be ready for what Spring usually brings in this little country of ours. Firstly, it will bring more homes to the market. This will mean more choice for buyers…and right now they don’t have much of that […]
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While there’s lots of debate about when the mortgage interest rates will rise, the Reserve Bank has flagged it will likely be well into 2012 and with their comment this past week that inflation is quickly disappearing from the economy, that delay may be for even longer. As a note, Australian rates are 2% higher […]
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