Property news: grant information and market update
Welcome to our property news this week!
The biggest thing to come out of the news this week was that the government finally announced more information on the first home buyers grant. Here’s what we already knew:
first in, best dressed
capped at around 10,000
open to singles with a taxable income up to $125,000 per year and couples earning less than $200,000 per year
Government mortgage guarantee scheme aims to help first home buyers enter the property market
The new information confirms that the scheme will begin in January 2020, and also formalises the threshold property amounts.
Meanwhile, the property market is still maintaining its well-performing track record for the second half of 2019.
Sydney first-home buyers squeezed again as market recovery begins, prices tick up
Sydney clearance rates slow but results still strong
Australia's house prices boom, lifting $20,000 in three months
Even investors are jumping in: Sign that property markets are in recovery mode, with investors getting their mojo back
With talk of apartment quality and oversupplies, a lot of people are exercising a lot of caution, so here is a piece on how to approach investment with caution.
How to avoid buying a lemon property investment
Some areas of Sydney are set to see some good times with the latest announcement on the Sydney Metro:
Inner west homeowners set for financial windfall following reveal of Sydney Metro West stations
Off-the-plan has had it tough lately but in a win for developers, an off-the-plan apartment has actually become Australia’s most expensive home!
An unbuilt apartment just became Australia’s most expensive home
