Property Archives - Simply Frameless

First-home buyers have had it tough in the market in the last few years, with endless increases in prices across Australia. The relentless uptrend has left many first-home buyers struggling to keep up with finance and deposit requirements. Are we going to see reprieve in 2022?
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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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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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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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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.