How to Future Proof Your Home
In Australia, particularly over the last couple of years, we’ve been building houses at a rapid pace. Concerns, as highlighted in this article from Domain, have been raised that the vast majority of the new homes are already outdated. We’re not keeping up with countries in Asia and Europe when it comes to building future-proof…Read More→
A Successful Holland Park West Auction
When an auction gets passed in, it means the top bid on the day hasn’t met the reserve price set by the vendor of the home. When a real estate market is beginning to soften, more properties get passed in. Clearance rates go down, meaning less properties are successfully sold at auction. We are seeing…Read More→
Why Does Henry Wong Live in Calamvale?
Having grown up in Wishart and worked here as a real estate agent for many years, Henry Wong is a Wishart man through and through. Today, he lives just nearby in Calamvale. The Courier Mail caught up with him to get the lowdown on why him and Jessie have chosen Calamvale as their home. The…Read More→
The Astronomical Rise in Rent in Australia
It’s been a tough time for tenants lately, particularly in our capital cities like Brisbane. Rent has gone through the roof and rental properties are harder and harder to come by. We’ve endured the biggest rent rise in 14 years in Australia, and unfortunately it’s the tenants who bear the brunt of it. Let’s look…Read More→
We Love Smashing Reserve Prices
Fact: six out of the last seven real estate auctions in Wishart were passed in. This means the reserve price wasn’t met, the vendor wasn’t satisfied with the top bid and the house didn’t sell. It’s a sign of a market emerging from the heady peak of FOMO that was inspired by returning residents and…Read More→
Decline in New Construction Approvals
Australia has been in the thick of a two-year long property boom, spurred on by pandemic-fleeing returning residents, record low interest rates and a strong sense of FOMO (fear of missing out) amongst buyers. In a healthy economy, that rate of growth was always going to slow down at some point. In recent months it…Read More→
RBA Increases the Cash Rate by 50 Basis Points
On the first Tuesday of every month the RBA board meets and decides what needs to happen to the cash rate. As has been widely predicted, when they met this last Tuesday (July) the decision was to raise the cash rate by another 50 basis points. This matches the .5% rate rise last month, preceded…Read More→
FRCGW and the ATO Clearance Certificate
If you’re selling a home for more than $750,000, you need to be up to speed on the applicable ATO Clearance Certificate laws. Given that the median dwelling value in Brisbane is currently hovering around the $770,000 mark, this represents a large portion of real estate sales in our city. Today we’re going to give…Read More→
Australians are Wealthier than Ever
But it’s time to cut back on spending. A housing boom across Australia over the last couple of years has had buyers scrambling to hop onto the real estate ladder, and homeowners happily watching their properties increase in value. The massive increase in house prices has seen the average value of Australian household wealth dramatically…Read More→
Queensland Rental Reforms to Come Into Place
We like to keep you updated on any law reforms that affect the real estate industry here at The Henry Wong Team®. Late last year we wrote about proposed reforms to Queensland’s rental reforms, which you can read here. As stated there, we aren’t fully on board with these proposed reforms, as we feel they’ll…Read More→
Buying “Subject to Sale” in a Rental Crisis
The property market has been on a record-breaking tangent over the last couple of years. Capital cities in particular have surged from strength to strength when it comes to property valuations. Buyers have been lining up and paying top dollar for homes. In fact, it’s been a pretty tricky time for buyers, as every property…Read More→
A Closer Look at Labor’s ‘Help to Buy’ Scheme
Today we’re going to take a closer look at the ‘Help to Buy’ Scheme proposed by Anthony Albanese’s Labor government as a means of tackling home ownership unaffordability. Home ownership is a huge topic across Australia right now. We’ve experienced unprecedented growth in property prices, and this is making it harder and harder for first…Read More→
