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Monthly Archive for May, 2013

Bricks or Weatherboards?

Some homeowners embarking on a renovation or building a new house face the decision between using weatherboards or bricks. Whilst this choice often comes down to personal preference and the style of house, there are a few considerations worth bearing in mind. • Brick walls are known for their strength and durability over time. • […]

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The concept of reasonable wear and tear on a rental property is one subject that property owners and tenants regularly find confusing. Usually, at the end of a tenancy, the tenant is responsible for leaving the premises in as close to the same condition as they found it. To describe this requirement, many lease agreements […]

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Downsizing without Penalty

The latest Federal budget has ignited fierce debate across the country. From Family Tax Benefits to the Medicare levy, Wayne Swan has certainly generated intense political dialogue. This is undoubtedly true for Australian pensioners too. From July next year, older Australians will be allowed to downsize the family home without putting their age pension at […]

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Fixed interest rates have recently fallen to an all-time low. Some lenders across Australia are now offering three year fixed rates below 5%. By comparison, the big financial institutions are still offering standard variable rates at more than 5.7%, even after the usual 0.7% discount. However, according to the latest Australian Bureau of Statistics (ABS) […]

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Getting What You Pay For

Sue and Peter loved their spacious family home of 15 years, but it was time to downsize and find something with a smaller more manageable garden. After meeting with several real estate agents they decided to use the one who offered them a discount on his commission. They were pleased with their choice and looked […]

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Bumper March Quarter

Melbourne’s property market recently completed the strongest March quarter in over a decade. Latest Real Estate Institute of Victoria (REIV) data reveals a robust 5% increase in the median house price from $534,000 in December 2012, to $561,500 in March. The regional median house price also increased, by a more moderate 2.1% from $305,000 to […]

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With only two months to go until the $7,000 First Home Owners Grant is abolished, most Victorians see it as a blow for buyers still planning to purchase their first home. Real Estate Institute of Victoria (REIV) CEO Enzo Raimondo said that whilst first home buyers would benefit from the newly introduced 40% stamp duty […]

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RBA Lowers Cash Rate .25 Basis Points

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.75 per cent, effective 8 May 2013. The global economy is likely to record growth a little below trend this year, before picking up next year. Among the major regions, the United States continues on a path of […]

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RBA’s Cash Rate Likely to Stay On Hold

The Reserve Bank of Australia is expected to keep the cash rate unchanged at three per cent on Tuesday. None of the 13 economists surveyed by AAP last week expect the RBA to cut its interest rate at its board meeting, though most say rate cuts are on the cards this year. Expectations of further […]

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Autumn Gardening

Autumn can be a productive time in the garden. It is an opportunity for planting all kinds of trees and shrubs. The air is cooler but the soil still holds warmth – ideal conditions for plants to establish themselves. Plant shade trees now, and pick out your favourite sasanqua camellias and roses while they’re in […]

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