Blogs

Major bank NAB has upgraded its house price growth expectations for the Melbourne market, predicting a 17.6 per cent rise in 2021. 

The revised outlook, released Monday, cited low interest rates and a "stronger than expected" recovery in the labour market as key reasons for the uplift. 

Investor activity in the Victorian real estate market has surged to a rate not witnessed in six years, in another indication of growing confidence as Australia moves to its next phase of dealing with the Covid-19 pandemic.

Seasonality has been swept aside in Victoria’s real estate market, with strong results likely to continue through winter and into spring and beyond.

The Victorian state government has recently introduced several changes to property stamp duty that all homeowners, homebuyers and investors should be aware of.  How you will be affected and even the concessions you might be eligible for, will depend on what type of buyer you are, where you are buying and the value of your property purchase.

At Woodards, we’re all about proactivity and a can-do attitude to ensure we play our part in facilitating your property needs, particularly during the most challenging times.

Victorians planning to sell their homes and homebuyers are the big winners of Josh Frydenberg’s Federal Budget, with some positive signs for investors.

This lockdown has been called the circuit breaker, and it appears the circuit has been broken. Fortunately for us we were already prepared with the right strategies, technology and contingencies to deal with anything at Woodards. Here is a short summary of what the announcement today means for us in property, and what tools we have at our disposal to help all our clients.

There are new rules which take effect on the 29th of March 2021 ( the Residential Tenancies Amendment Act), which are poorly timed and may not have a positive impact on the Melbourne rental market. Coupled with the impacts of the pandemic, the sand is shifting beneath all our feet: Landlords, tenants and property managers alike. It is interesting how we categorise people in this way, when the reality is far more complicated.

The only constant in life is change. To be able to confidently navigate uncertain times, we need to look beyond the data and gain insights into the drivers behind the numbers.  Everyone is tired of hearing about the shapes of different graphs, some curves we want flattened, while others we hoped would turn V-shaped.