Preparing Your Home For Sale
For many people, the thought of downsizing and moving to a new house can be pretty daunting, especially if you’ve lived in the family home for the last 20 to 30 years. But if you take the plunge, it can open the door for you to truly expand your life.
There are two things to consider when you’ve decided to sell up – how to present your home so it’s appealing to buyers and packing up your home for the physical move.
Before you jump into renovations to make the place look shiny and new, think carefully about the value they will add to the house and whether you’ll recover that cost in the sale price. Renovations can be costly, stressful and time-consuming, so they’re only worth making if they’ll add significant value to your house sale.
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Why are ghosts such bad liars?
...You can see right through them.
No, we haven't lost the plot! July 1st is International Joke Day and because laughter is good for your body, we want to get involved.
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I am a box that holds keys without locks, yet my keys can unlock your deepest senses. What am I?
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Property / Finance Changes from 1 July 2024
🎤 July 1 brings a raft of changes to the finance and property market:
Bright-line Test:
✅ Now 2yrs (previously up to 10yrs).
Deposit Requirements:
✅ 30% deposit for investment properties (previously 35%).
✅ 20% lending available for low deposit properties (previously 15%).
Debt-to-Income (DTI) Ratios:
➖ DTI ratio restricted to 6 x for owner-occupier lending (20% exception).
➖ DTI ratio restricted to 7 x for investor lending (20% exception).
Credit Contracts and Consumer Finance Act (CCCFA) Reforms:
✅ Commerce Minister Andrew Bayly and Housing Minister Chris Bishop said the government is revoking 11 pages of what it calls "overly prescriptive affordability regulations."
These changes should stimulate activity in the finance and property market, contact adviceHQ for independent financial advice to help you secure your future.
#adviceHQ #DTI #LVR #CCCFA
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