NR Property Buyer's Agent in Sydney, Australia | Property

NR Property Buyer's Agent

Locality: Sydney, Australia

Phone: +61 458 012 747

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30.01.2022 https://www.apra.gov.au/news-and-publi/apra-increases-banks’-loan-serviceability-expectations-to-counter-rising

25.01.2022 Please take a few moments for this survey. We value your feedback. https://www.surveymonkey.com/r/DN93566

25.01.2022 Important Things to Consider when Buying your Home Purchasing your home is an emotional process and decisions are often made from the heart. It is, therefore, important that before you start on the buying process, you are aware of what to look out for when purchasing. Here are some important tips to consider. 1. Your Budget (Property Price) Probably the most important thing to consider first when buying your home is your budget. Based on this, establish what type of propert...y you can buy as well as the location. It is a good idea to apply for a bank pre-approval as a confirmation of the amount of money you can borrow before starting on your search. For a successful search, look for properties within your budget as well as within your chosen location. This will save you valuable time in the long run. 2. Location The location of the property is of great importance. It will impact the long term value of your property. Look at nearby amenities such as schools, shops, parks, transport, and medical centres. Spend some time in the neighborhood to get a feel for the place where you will be living. It is also important to check on the crime rate in the area. Ensure you are buying in a safe area youre comfortable living in. 3. If you are investing, check the housing market and establish if it is a good time to buy before taking the plunge. This is especially important if you are an investor and would like to maximise on your investment over time. 4. Check out the house you are buying. Before buying a property, carry out a pest and building inspection. Learn the age and look carefully at the condition of the house. Determine if you require any renovation work to be done and if so, find out how much will this cost to avoid any nasty surprises later on. 5. Check the insurance rate for the home you are looking to purchase. The property location such as near a beach and even building materials used in the construction of the house can affect the insurance rate that you will pay. 6. When buying off the plan, in a new building site, check if the land is registered. Is it pending registration or is the land already registered? Land registration can sometimes be a lengthy process and take months before your building project can start. Learn about the other developments that are planned for the area. 7. Do not rush into it. Think carefully about you and your familys needs now and over time. Determine the size of the home that you require. Are you planning on starting a family or will you be living alone? Do you plan to rent your home later? How long will your work commute be and are there reliable public transportation options in the area? Think about the amenities you desire and require near you. See more

24.01.2022 6 Steps to Turn Your First Home Dream Into Reality https://moneysmart.gov.au/buying-a-house

24.01.2022 COVID-19 and Sydney Property Prices: August 2020 Update Australian home prices fell an overall 0.6 percent in July 2020. The biggest decline was in Melbourne as the impact of the second wave of COVID-19 was being felt. Sydney, likewise, had a steep 0.9 percent fall last month, and was down 2.1 percent over the past quarter, but up 12.1 percent over the past 12 months. (source: ABC News) The downturn in property prices has its silver lining as well. Sydney, where some first...Continue reading

22.01.2022 7News Sydney 28 June 2020 - Experts say now could be the best time for best home buyers to buy a home. With investors still cautious, some property experts say now could be the best chance for young Australians to buy a home. And in the next few days, they will be given another incentive when the second round of the governments first home buyer grant kicks in. www.7NEWS.com.au

19.01.2022 The NSW Government is cancelling Certificates of Title on 11 October 2021. This means no more paper certificates, with the conveyancing process becoming 100% digital. Learn more at https://bit.ly/3qyR1YB

19.01.2022 Stamp Duty Stamp duty is a one-off state government property-transfer tax. You typically need to pay this within 30 days of settlement. Determine how much stamp duty you will pay in NSW using the calculator link below: New South Wales Revenue NSW: Calculator for land and property transfers https://www.apps08.osr.nsw.gov.au//calc/landsalesimple.php

18.01.2022 How COVID-19 has affected the rental market Overall buyer activity is up, but investors are dwindling. While at present, renters are in a position to negotiate rent, investor convidence is low. If investors keep turning away, in time to come this could result in a shortage of rental properties and possibly a subsequent sharp increase in rent. See below REA insights article for more.. https://www.realestate.com.au//its-a-renters-market-but-f/

18.01.2022 Stamp duty changes for first home buyers The new transfer (stamp) duty threshold will be in place for 12 months and will apply to contracts executed from 1 August 2020 to 31 July 2021. ... A concessional rate of duty will apply to homes valued more than $800,000 but less than $1,000,000 and vacant block of land valued more than $400,000 and less than $500,000. Read more here- https://www.revenue.nsw.gov.au//stamp-duty-changes-for-fir

17.01.2022 Why Employ a Property Buyers Agent A Buyers agent is a qualified professional who looks for the right property for their buyer and assists with the buying process. They are independent of the vendor or the real estate agency selling the property. Employing a property Buyers agent can save you precious time on countless weekends, looking for a home or an investment property. It will also save you a lost opportunity when it comes to missing out on auctions. A buyers agen...t will also provide an objective perspective, ensuring that you do not purchase a property based on an emotional response. A buyers agent will research thoroughly and present the findings to you objectively. They will also be able to negotiate a property price on your behalf, based on the RP data or a market appraisal of the property, which can save you from losing equity in the property. They will be able to guide you on sale contracts and through to the settlement process. Through their industry contacts, they will also be able to assist with arranging finances and finding a property manager if you bought an investment property. A buyers agent usually has access to off-market properties, which can offer significant savings, especially if the vendor is financially distressed or needs to sell quickly. They have valuable insight on upcoming projects which may be a good investment option and be able to provide valuable insights into the amenities and find information on future development prospects in a new area. Investing in a property buyers agent can be one of the best decisions you make when buying your next home or investment property. NR Property Buyers Agent NR Property Buyers agents are based in North West Sydney. We can find and assist you to purchase a property in Sydney and throughout NSW. We work closely with you to determine your requirements, budget, and time and create a strategy to find you the right property at the right price. In the case of investment properties, we can research and present objectively the right locations that are promising good returns and growth. We take an honest and open reproach throughout the buying process, making property buying seamless and fun for you. Contact an NR property Buyers Agent on 0458012747 to explore how you can benefit from their service.

16.01.2022 Buying off the Plan - Refer to the following link to review important guidelines when buying off the plan - https://www.fairtrading.nsw.gov.au//bu/buying-off-the-plan

15.01.2022 $25K Home Builder Grant Read all about it here.. https://treasury.gov.au/coronavirus/homebuilder$25K Home Builder Grant Read all about it here.. https://treasury.gov.au/coronavirus/homebuilder

15.01.2022 Is the Pandemic opening up new possibilities for First Home Buyers? Let us consider the buying conditions we are presented with today. A number of people have lost their jobs and there is uncertainty surrounding stability of certain industries until the pandemic moves to an end. Australia has gone into recession. Property values in NSW in general are slowing or showing a downward trend. While this all sounds doom and gloom for property investors looking for capital growt...h, it may not be such a bad time to buy for first home buyers, who may have not been able to get into the Sydney property market earlier. Lets look at the conditions that may help first home buyers secure their property in NSW: 1. The interest rates are at record lows It is probably never going to be a cheaper time to borrow money than right now. This means that you also have low repayment requirements, making It more affordable to repay a moorage than ever before. 2. Government grants and schemes on offer can save you thousands. These are listed below: - First Home Loan Deposit First Home Loan Deposit Scheme is for those looking to buy their first home but who donot have a 20% deposit. Normally, you would be required to take out Lenders Mortgage Insurance (or LMI), but under this Scheme, the Government effectively provides you with a deposit guarantee. - First Home Buyer Assistance Scheme The NSW Government recently announced increased thresholds for purchases of new homes and vacant land to build a new home from 1 August 2020. The threshold for existing home purchases remains unchanged. You may be eligible to apply for an exemption or reduction of transfer duty charges under FHBAS. - Home Builder Program If you are building a new home, you could also be able to apply for the Australian Government grant of $25,000 - First Home Super Saber Scheme - First Home Owners Grant Find out about each of these grants to figure out if you are eligible. Potentially, ss a first home buyer, you can save thousands, by taking advantage of some of the grants that ae on offer now. 3. Falling or downward trend on property price means that some properties will be within your reach now if they were not before. However, ensure that you are in it for the long haul. Look Out For 1. Take a realistic look at your job and income situation. Is your job stable and your industry will not be affected in the long term? 2. Are you in this for the long term? If property prices dip, they should recover in the long term. 3. Consider buying a home with land If possible and be aware that apartment values can decline if located in areas of oversupply and low demand. 4. Do your research well and secure a property in a location that would be sought after.

14.01.2022 NSW Government Grants and Schemes for Home Buyers There are a number of Government handouts available to home buyers. These include First Home Buyers Assistance scheme, First Home Owner Grant (New Homes) and Home Builder Grant. Refer to this NSW government link to determine your eligibility. https://www.revenue.nsw.gov.au/grants-schemes

12.01.2022 Choosing a Home Loan https://moneysmart.gov.au/home-loans/choosing-a-home-loan

11.01.2022 The process we follow to help our customers

06.01.2022 Do you qualify for a First Home Owner Grant in NSW? If youre a first home buyer and youre buying or building a new home, you may qualify for a $10,000 grant under the First Home Owner Grant (New Homes) scheme. You can make a claim for the First Home Owner Grant if your:... - newly constructed home or a substantially renovated home has a total value of less than $600,000. Home is considered substantially renovated if most or all of the house was removed or replaced and sold the first time after these renovations. It should not have been lived in by the builder or the tenant after these renovations. - land for building and any dwelling you intend to build has a combined value of less than $750,000. Eligibility Requirments: To receive the grant when you buy your home: -you must be an individual, not a company or trust - you must be over 18 -you, or at least one person youre buying with, must be an Australian citizen or permanent resident - you should not have previously owned or co-owned a home in Australia -you have not previously received a first home owners grant - Youll need to live in your first home for at least six months within 12 months of buying or completion of construction - You may still be eligible if you purchased a residential property after 1 July 2000 and didnt live in it for more than six continuous months. Refer to the link below for more information. https://www.revenue.nsw.gov.au//pre/first-home-owner-grant

05.01.2022 A Guide to Bidding at Property Auctions Several properties are sold each year at auctions. If you are a property buyer, there is a chance that you will be faced with bidding at an auction to secure the home of your dreams. To take the nerves out of the biding process, it is best to be aware of the requirements and regulations around purchasing at an auction. Here are a few important things to know about bidding at property auctions before taking the plunge: Register to bid:...Continue reading

04.01.2022 How has COVID impacted house prices compared to other economic crashes in the past? Most cities in Australia saw a decline in house prices for the month of June 2020. Sydney saw a 0.8% decline. (ABC News) See the link below for details. https://www.abc.net.au//how-does-coronavirus-comp/12426258

03.01.2022 1. You build wealth through home equity Home equity is a big one. This is key to growing your wealth over time. Your home equity is the difference between the value of the property and loan value that you owe against it. For instance, a home valued at $400,000 with a $200,000 loan outstanding would have $200,000 worth of equity. It grows when the market value of your home increases or when you make extra payments or pay off your mortgage. Generally, home values appreciate... over time. You may experience an initial jump in equity when you buy off the plan early in the project. Location is key as well as timing to see the quickest value gains. Buying a home is a long term investment and home values tend to double every 7 to 10 years. This is a considerable increase in your wealth - a value that you may not be otherwise able to save over that period of time. As they say - Time is money and it really is so when it comes to growing home equity and your wealth. You may be able to use your equity to buy an investment property, carry out maintenance on your home, to buy a car, furniture or use it for travel. It opens up a wide range of possibilities and can build wealth and greatly improve your lifestyle. 2. Stability and Privacy Owning your home certainly gives you the stability and peace of mind that is not always there with renting. Landlords can decide to sell your rental home at any time, asking you to leave. Also you do not have to allow landlords and property managers into your space for home inspections. As a home owner, you have a greater sense of security. You decide when to sell and who to invite into your space. 3. Freedom to decorate Owning you own property means that you can express yourself in your space. You can paint walls and hang pictures as you wish. Also you have the freedom to carry out maintenance work, landscape as you desire. It makes you feel like you have come home! 4. Tax Benefits If you work from home, you can write off your office space, equipment, some utilities and receive more tax deductions. When certain criteria are met, on selling the property, home owners can avoid paying capital gains tax. 5. Savings Paying your mortgage can offer considerable savings, depending on where you live and the property you would like to purchase as well as the deposit you can afford to pay. Work out your monthly repayments for a home loan and compare it against the rent you are paying. It may surprise you and actually put back some dollars in your pocket, while giving you the opportunity to grow your wealth in real estate! So if you are planning on buying your first home and require guidance through the process, please call us to discuss further today on 0458012747.

03.01.2022 First Home Loan Deposit Scheme Supporting First Home Buyers First Home Loan Deposit Scheme places for the 2020-21 financial year are now available through a panel of 27 participating lenders.... The First Home Loan Deposit Scheme is an Australian Government initiative to support eligible first home buyers to purchase their first home sooner. Under the Scheme, eligible first home buyers can purchase a modest home with a deposit with as little as 5 percent (lenders criteria also apply). Refer to the government website link below for more details on eligibility property price thresholds, how to apply, and FAQs. https://www.nhfic.gov.au/what-we-do/fhlds/

03.01.2022 Please share your answers in the comments section below: What are the 3 biggest mistakes people make when buying a home?Please share your answers in the comments section below: What are the 3 biggest mistakes people make when buying a home?

18.12.2021 There is still time to invest with as little as $600K in the Brisbane market. If you are residing in Sydney and need help with finding the right investment property in Brisbane, then please contact NR Property Buyer's Agent on 0458012747.