The Western Australian Government, under Premier Roger Cook, has announced an innovative $5,000 incentive aimed at transforming vacant properties into long-term rental homes. This initiative is part of the 2024-25 State Budget and reflects the government’s ongoing efforts to address the state’s housing shortage. Details of the Vacant Property Rental Incentive Scheme The new $5
You can buy an investment property without owning a home. Buying a home in Australia is a dream for many, thanks to the security and stability of homeownership. Fortunately, if your short-term or long-term goals do not include homeownership, you can still invest in property. So, here’s all you need to know about buying an
Superannuation is typically available once you’ve retired. However, you can also use it to purchase your first home through the First Home Super Saver Scheme. Before using your super for a home purchase, you must make voluntary contributions in addition to your mandatory super. Let’s look at what the scheme is and how you can
Buying your first investment property is possible even after being a first-time homeowner. You only need to figure out your finances and ability to sustain both investments. Usually, homeowners are eligible for home loans. These loans have lower interest rates as they’re considered less risky. However, you cannot use a home loan to finance an
Buying a home is a big investment, and it may be the biggest purchase you will make in your lifetime. Therefore, it requires careful consideration and financial preparedness. Before you purchase a home, you will need to meet several requirements, including your credit score, Debt-to-income ratio, and a deposit, among others. If you are looking
Buying a second home can be an exciting venture and an excellent way to increase your property portfolio and build wealth over time. Whether it is for investment purposes, a holiday home, or a new residence, it is paramount to understand the property market and the financial aspects involved. In this guide, we will take
Have you been wondering whether you can buy a home with no deposit? The simple answer is, yes, you can. Saving up finances for a home deposit can be quite a hurdle, especially due to the high living costs and ever-rising home loan interest rates. This has made many people turn to the no-deposit home
Western Australia (WA) has emerged as a beacon for Eastern States investors, allured by the promise of a robust rental market, attractive yields, and affordable housing options. As you embark on this exciting investment journey, we have put together some invaluable tips to ensure your venture unfolds seamlessly. 1. Fees and Charges: Navigating the Unique
Perth’s real estate market witnessed a significant surge in sales transactions during the week ending January 14, 2024. According to the Real Estate Institute of Western Australia (REIWA), sales transactions were 45.9% higher than the previous week, totalling 626 transactions reported by REIWA members. Diving into the specifics, the data reveals a robust performance across
As we step into the promising realm of 2024, Network Exchange Realty takes a reflective pause to assess the accuracy of our 2023 predictions and sets the stage for forecasting the dynamic trends that await the Perth property market in the coming months. A Reality of Growth in 2023 True to our predictions, 2023 was
