New Beginnings Real Estate in Cranbourne East, Victoria | Property

New Beginnings Real Estate

Locality: Cranbourne East, Victoria

Phone: +61 468 937 489

Address: 13 Heales Rd 3977 Cranbourne East, VIC, Australia

Website: http://www.newbeginningsre.com.au

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24.01.2022 For the potential Investors out looking, this is an attempt to give you an idea of how good the sale price is in relation to the rental potential. Let us assume a $750000 sale price for a young Cranbourne East/Clyde North property and $35000 towards Stamps. 80% loan is $590000; let's consider $600000. Applying 3.2% rate of interest, the per calendar month outlay is: $1600, equating to $370 per week. Rental potential is a healthy $460p.w! Even for the whole $785000, it is a mere $1200 out of pocket per annum, pitting interest against rent! Are renters going to fizzle away and is there wisdom in staying put?

20.01.2022 What does the Fed grant of $25000 for Owner Ocuupiers building new homes mean to the established homes market? Lets see things from a purchaser's perspective: The Developers of land lots want to make hay and are also offering incentives of their own. In a typical outer metropolitan suburb of Victoria, for a purchase price of say, a 400m2 land lot of $350000, this incentive could be upto 10% or $35000. If the build of a typical 26sq single level, brick-veneer, conc roof tile, ...4, 2, 2 were to cost $250000 with bells & whistles you are looking at $620000 all up, out of which the developer and tax payer have combined to cover $60000. This means you are purchasing what would normaly cost $620000 for only $560000 by using a savings of just $60000 and in doing so, managed to aviod the LMI altogether. For the first home buyers no deposit may be required to be saved up as the govt both guarantees the mortgage and exempts the stamp duty. The loan in this case would only be $540000! Well, this is the idea and it is going to work well if the developers and builders tame their urge to hike their prices as has happened in the past. The two greatest attractions with an established house are that you can see the house, street, neighbourhood; the house especially is complete with all window furnishings, paths, garden beds, plants, etc and the second, you get to move in within 2 or 3 months from inking the offer. The higher stamp duty with purchasing means a similar size house to the newly built in the same surrounds could cost $580000 and you propped up a $110000 deposit to ward off the LMI. If the established house comes well loved, the telling difference is most likely going to be the land size to sway you, the purchaser in its favour! What do you think? Comment, Like and Share please. See more

20.01.2022 Well, Covid is telling us it is here to stay, learn to live with it and get moving! Do you agree that if flights do not begin to operate soon, the airline Industry is going to die out? Both the Boeing and Airbus companies would be dragged down to an extent where there is no getting up! What about Airports whose running costs are nothing to sneeze about? Govt paranoia, lack of International cooperation/coordination and lethargy in reforms/regulatory standards would be to blame... and you & I would be lame by-standers in this regard. Yet, if you are predicting the same fate to the Real Estate Industry and putting your plans on hold, let me lay it plain, you are the culprit and no need to look anywhere else! Leaders, winners are made in times of adversity. Courage mixed with Caution is the secret weapon. Either pick it up or remain a by-stander. See more

20.01.2022 What we feared has again happened: Developers and Builders have put up their prices; several FHB are aghast at how swiftly they have been pushed out despite what looked like a Godsend when the Home Builders grant was announced just a few weeks ago! Prospective Sellers of the Established homes market should begin their warm ups!

19.01.2022 With restrictions on movement, inspections, numbers in gathering still debilitating the industry and with the distraction of the Spring Carnival not withstanding, Victorian buyers flocked to Auctions at the rate of 3.5 bidders to a property and helped clear over 75% of the 604 stock in what should have been a dull week, going by history. Sydney may have brought in 260 more properties and also beat Vic with a 79.6% clearance rate but bear in mind its opponent fought with just one arm and one eye operational! What would 07 & 14 Nov reveal (apart from a new First Person at Uncle Sam's, that is)? Take strength that we shall cross the 80% barrier first and within 7 days rise to challenge the 90% mark!

17.01.2022 With the traditional selling high time of September nearing and market at the near frozen state you find in, what indicators out there help you predict how the market is heading? The two clear factors holding the key are a) just 1/8th the number of properties that hit the market these last 6 months compared to normal years past and b) the workload every major lender is under processing loan applications given away by double the processing time than usual they are taking. Whi...le the low interest rates prevailing didn't pile much pressure and allowed prospective sellers from holding off their need to sell as they were uncertain of the times, the buyers have come out in force only to be thoroughly frustrated at the meagre number of properties out there. Taking one look at the Auction clearance rates (consistently hovering near 80%) is proof enough. I am predicting that within a week of easing off of the Stg 4 restrictions in Vic, the established (pre-owned) properties entering the market and getting sold would be reminiscent of Boom times. (..and by 20 Sep 2020 what I'm made of would be common knowledge!) See more

17.01.2022 15 yrs ago a typical new Resi loan would be $200000 with a servicing interest rate typically at 8%p.a or a $1350pcm interest repayment. Today for a typical $600000 borrowing, the pcm interest repayment @ 2.7%p.a is ditto $1350! How on earth could the market drop when the rental return, wages, etc are more than double those of 15yr ago? Doomsaying sells newspapers but it is in such climate where Winners are made!

17.01.2022 If you reckon now is Waiting time and the Optimal moment is in the Future perhaps you are not living in the present. From the strapping young chap mentioned below to the Sage of Omaha, the smart money Worldwide is being channeled into stocking up properties! https://www.realestate.com.au//investor-with-200plus-pro/

15.01.2022 WFH is rediscovering itself thanks to Covid. We could be in for a surprise if we expect trains, trams, freeways to be overflowing again anytime soon during peak hours. Why, in fact, "peak hour" could still continue on its long break! The implications of these to the Real Estate market are getting clearer with each passing day. A comfortable house with very good local infrastructure and access to amenities is nomore second to an easy commute to the CBD. We, operating at the outer suburbs should be knowing it!

12.01.2022 A well before twilight "shot in the arm" (payment) move by the RBA means the Cash-rate has now hit another historic low: 0.10%. With Buyers milling around in the thousands, this is the fillip the Reserve as well as the Govt are desperate to provide the industry among the most severely hit by the Wuhan Pandemic. With the lenders certain to pass-on the gesture in full to borrowers, a great opportunity to buy at the early stages of the boom has presented itself as well as to capitalise on the impatient crowd to obtain a dream price, if selling. Happy times ahead!

11.01.2022 Go Sell. Now is that "right time"! Later don't blame me for not tipping you.

09.01.2022 Metro Melbourne is just hours from another, more restrictive 6 week Lockdown. The State Govt hand has apparently been forced owing to the containment becoming farther from reality day after day. New home building got a fillip through a Fed grant initiative but the real estate industry still appears increasingly vulnerable. The Reserve doesn't have much room to offer with its Cash rate already scraping the Zero. Let us wish that vaccinating the populace and letting the economy fully mobile once again happens by the end of the lockdown deadline; at the same time those who want to sell their homes have a clear decision to make: Go on the Market now and get the best price possible before it irreversibly becomes a Buyers Market!

04.01.2022 https://www.abc.net.au//house-prices-rise-1pc-reg/13029268

01.01.2022 When the market behaves in a "Now you see it now you don't" manner, you are witnessing the early signs of a Boom! I am of course taking about the For Sale s converting into Sold s!