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Monthly Archive for February, 2013

A Room with a View

It is most people’s worst nightmare: you buy your dream house or holiday home on a lush hillside overlooking the ocean, then your new neighbours decide to build their dream home and block parts of your view. So what is the law when it comes to a shared outlook? The general advice most town planners […]

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Market Update

ith the first unofficial auction weekend for 2013 now done and dusted, the analysis of results point to an excellent start to the auction year. A total of 473 properties went under the hammer across Melbourne and the surrounding areas, with 269 sold at auction, 63 sold prior to auction and 141 passed in (87 […]

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Rising Damp

Rising damp can sometimes be a problem in older buildings, particularly those built before the 1970’s. It’s a potential headache for inexperienced home buyers and first time investors who don’t know what to look for as well as vendors who choose to ignore the issue. In simple terms rising damp occurs when ground water travels […]

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Home buyers wishing to get a clear picture of how much they can borrow can benefit from obtaining a home loan pre-approval. A pre-approval is also known as a conditional approval (St George Bank and ANZ), indicative approval, approval in principal (Westpac uses the acronym AIP) or Homeseeker (CBA). Pre-approval is a lender’s assessment of […]

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What is Solar Power?

Many homes across the country are already reaping the financial and environmental benefits of solar power. So how does it work exactly? Well, while the technology behind solar power may seem complex, the process of converting sunlight into electricity is really quite simple. 1. Sunlight contains energy. 2. Solar panels mounted onto a roof have […]

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No Interest Rate Change This Month

After its board held the first monetary policy meeting of 2013 last Tuesday, the Reserve Bank of Australia (RBA) announced it would keep the current cash rate at 3%. It’s expected, however, that the RBA will deliver another cut soon if needed, taking the rate to its lowest level in more than 50 years. Governor […]

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Post Holiday Clean Up

Ok, so you’ve survived the school holidays and the kids are now happily back in their classrooms. How is the state of your house? Looking like it needs a little tidy up and some overdue TLC? Chances are there are thousands of households across the city in need of a good post holiday clean up. […]

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Median House Price Update

The Real Estate Institute of Victoria has just released their median house figures for the final quarter of 2012. The data confirms both a growing demand for property as well as an increase in housing prices across Melbourne and our regional centres. The median house price in Melbourne increased by 7.8% from $515,000 in the […]

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RBA Leaves Rates on Hold

The door is open, but the Reserve Bank of Australia (RBA) is baulking at the threshold. After its board held its first monetary policy meeting of 2012 on Tuesday, the RBA announced it would keep the cash rate at 3 per cent. But it stands ready to deliver another cut, one which would take the […]

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Australians expecting another interest rate cut may have to wait just a little bit longer. The Reserve Bank of Australia (RBA) is widely expected to keep its finger off the interest rates trigger when it meets for its first board meeting of the calendar year tomorrow. An AAP survey of 15 economists shows that all […]

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