The word is about, there’s something evolving, Whatever may come, the world keeps revolving… They say the next big thing is here, That the revolution’s near, But to me it seems quite clear That’s it’s all just a little bit of history repeating. The newspapers shout a new style is growing, But it don’t know …
If you are familiar with the television program MythBusters, you know their goal is to put to test myths and urban legends that have been going around for donkey’s years and prove whether they are right or just that – a myth. Well here at Rose & Jones, we aim to provide insight into what …
Since 2016, the Office of State Revenue imposed a 4% stamp duty surcharge on foreign residents. Then as a result of the 2017 Budget, for agreements entered into on or after 1 July 2017, the surcharge rate has increased from 4% to 8%. The surcharge is in addition to the regular stamp duty payable on the purchase of residential …
After a booming 4 years of property sales and property price growth across the Sydney market, clearance rates consistently above 80% and seemingly unrestrained lending, as the middle of March 2018 approaches and clearance rates (as reported) are hovering around 66%, if you believed what you read, we are heading for market crash. Firstly, a few …
2017 has been a big year for Rose & Jones. We have expanded in a number of ways, including welcoming new staff to the team as well as broaden our reach to Victoria & Queensland. To those of you who have been following Rose & Jones for some time, we re-branded at the end of 2016 and began our next …
Certainty in an Uncertain Time The last three years in the Sydney housing market have provided vendors with perfect storm like conditions. Money has been cheap and banks have been providing record breaking competitive lending. This coupled with stock shortages and a rapidly increasing population in major cities has lead to a property BOOM in Sydney. There has …
Searching for and securing a property can prove to be a very time consuming and stressful experience, as well as a potentially costly one. In this regard, the old adage “fail to plan and you plan to fail” is particularly applicable to the property search and buying process. Fundamental to any successful property search, is …
Real Estate. It is an excellent topic for any social engagement. Everyone is interested in it. They either want in, want out, want nothing to do with it or (in most cases) fancy themselves as a bit of an expert at it. Real estate is one of the only industries that no matter what the …
The ground under the recent price boom has started to shift, though. Some noticeable changes have taken place in the last 6 weeks: • Interest rates to investors have gone up • Lending criteria has changed including equity and serviceability requirements and this has started to take the heat out of prices • Lower clearance rates have …
Are we watching a bubble deflate, or could it simply be an over heated market normalising. Debunking the ‘bubble will burst’ theory. We all remember the balloon deflation and inflation experiment without bursting the balloon, right? For those who don’t, the balloon represents the property market, the air is interest rates and lending criteria coupled with consumer …
