Latest Blogs and Updates | Simply Frameless | Melbourne

As the market-shock sets in after a higher than expected 50 basis-point rate hike, the steepest hike in 22-years, borrower’s anxiety are now in full motion as expensive mortgages and loans come into fruition. How much more pain do the borrowers have to endure until reprieve?
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In the past week, the much anticipated rate hike materialised, and as expected there was an increase of 25 basis-points taking the offical cash rate to 0.35%. This is the highest since the start of the pandemic in March 2020, when the cash rate was sitting at 0.5%, before quick rate-cuts in succession brought it to a standstill 0.1% for the past 24 months. (more…)

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A lot is to be uncertain about recently with the current global landscape. Political conflicts and inflation scares are two of the primary factors driving the fear narrative worldwide. With growth in the Australian real-estate now slowing to a more steady and sustainable pace, what should we be looking out for in the market to better prepare for what is coming? (more…)

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In COP26 earlier this year, the world leaders came together and agreed on the way forward for a more sustainable future, together with initiatives that governments and countries around the world is committing to follow. Even though the initiatives are far-reaching and out of any individual’s direct scope, we must all take part and pull our own weight in order to collectively reach the ambitious targets that have been set for years to come. (more…)

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As Australia cements its most successful quarterly gains in history, many are left asking the question of when the peak is in and if a sizeable correction may occur. It is illogical for any market to go up in a straight line, however the market can often stay irrational for longer than generally anticipated before the inevitable happens. (more…)

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With over half the population under lockdown restrictions across multiple states in Australia, the outlook is grim for the rest of the year as the crisis deepens across all business sectors. Victoria has now crossed a grim milestone of 200 lockdown days since the beginning of 2020. As resilient as any business or industry can be, it is impossible to be immune to such a globally catastrophic event. (more…)

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In our last article, we discussed the impending supply chain crisis and how that can start to cause major havoc and disruptions to many sectors, in particular the construction industry. The rippling effects of the supply chain disruptions are now well underway with many builders feeling the painful pinch of having to honour fixed price contracts whilst basic materials such as timber skyrocket in prices. (more…)

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We are at crossroads and within an arm’s length to falling off a cliff towards the disparity between supply and demand of raw materials. The stimulus-fuelled demand for real-estate and straining supply chain as disruptions continue to pose challenges globally is coming up to an almighty squeeze as raw materials are being depleted at a rapid rate. This will have a significant impact on various industries with the construction industry being the centre-piece of the crisis. (more…)

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Crossing paths with tradies is unavoidable, whether you are actioning renovations or building a new house. How to find and identify a good one is another story altogether. Let us explore and share some useful tips on how to identify and tell which ones are better fit. (more…)

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As we approach a COVID-normal summer in Australia whilst the rest of the world struggles to contain their winter outbreaks in the northern hemisphere, the chances of Australians having a COVID-normal Christmas is increasingly likely thanks to our brutal but effective suppression strategy. This also means that businesses in the building and construction industries are beginning to go back to semi-normal operations, after a year like no other in recent history. (more…)

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As we edge past the 2-week mark of the Stage-4 Melbourne lockdown, it is draining and extremely challenging for both businesses and everyone psychologically. Stage-4 restrictions allow for constructions to continue in a restricted manner, whilst all non-essential businesses are to be shut down and employees to work from home if possible. (more…)

Glass Bridge Victoria Lockdown Quiet

As we descend into another lockdown period of 6-weeks with the Pandemic looking like it will get worse before it gets better, many of us are left grappling what other surprises the remainder of 2020 will throw at us. The inevitable financial cliff at the end of September is just one of the things on everyone’s minds. What kind of position are you in? Do you have financial stability to be able to take advantage of downturn round 2? (more…)

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With the arrival of 2020, we brace for another eventful yet exciting year ahead. The year of 2020 will see some of the interior trends stay and mature while others move out of fashion. Below are some of top trends to watch for this year, whether you are building a new home or renovating an existing space. (more…)

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After an unchanged official cash rate since 2016, the RBA has just announced a rate cut of 25 basis points.

What does this mean for you? The answer is, it is good news for most. Whether you are a business, real-estate agent, exporters or property owners, the rate cut will put extra cash savings back into your pocket. Although with a rate drop it may improve housing affordability, it will not make a huge difference as prices has already been on a down-wards trend.

Whilst the rate drop may stabilise the real-estate economy, it still makes selling in the immediate future grim due to how much prices have dropped already in the last 24 months. The extra cash savings however will produce a nice buffer and extra budget to action more of those renovations that are months or years overdue. What better time to do renovations than when:

– You have extra cash savings from your existing mortgage due to the rate cut
– Contractors have a lot more availability due to the current housing down-turn
– House prices are slowly stabilising however are still in a dipped state

As with every change, there are always losers. In this case, the savers who has cash in a savings account will be feeling the rate cut in a negative way. Property prices stabilising may also spell trouble for First Home Buyers in terms of affordability especially in major cities like Melbourne and Sydney where current prices are already out of reach of many.