Conveyancing Blog

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CLIENT FEEDBACK - Thank you so much for your help, and navigating us through a difficult and stressful situation.

By Conveyancing Blogger - Sydney Conveyancing - Fixed Price Conveyancing in Sydney & across NSW by Licensed Conveyancers. Call 02 6989 4656. on Feb 25, 2021 2:08:30 PM

CLIENT FEEDBACK

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Are you eligible for HomeBuilder grant?

By Conveyancing Blogger - Sydney Conveyancing - Fixed Price Conveyancing in Sydney & across NSW by Licensed Conveyancers. Call 02 6989 4656. on Jan 27, 2021 6:48:50 PM

 
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2 min read

RBA has decided to cut the cash rate by 15 basis points to 0.10%

By Conveyancing Blogger - Sydney Conveyancing - Fixed Price Conveyancing in Sydney & across NSW by Licensed Conveyancers. Call 02 6989 4656. on Nov 4, 2020 3:51:08 PM

At its November Board meeting, the RBA has decided to cut the cash rate by 15 basis points to 0.10%. The decision was part of a package of changes, which also included:

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GAZUMPING

By Poppy Bournelis on Oct 2, 2020 6:31:21 PM

Gazumping occurs when an agent accepts an offer you make to buy a property at an agreed price but the property is sold to a third party. This usually occurs when there is a higher offer. 

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What is the difference between a Conveyancer and a Solicitor?

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Sep 18, 2020 7:46:53 AM

When buying or selling a property, the Conveyancing stage is one of the most crucial parts of the process. It is where all financial, administrative and legal works converge.

A Conveyancer is someone who is specifically qualified to work with the transfer of real estate. They give professional legal advice on title transfers and conduct official legal work to ensure the purchase/sale runs smoothly.

A Solicitor is known to be a more general legal practitioner who also have the specialist knowledge required to handle the transfer of property.

Conveyancers will have a stronger working knowledge of the rules and regulations in the State it is taking place in when it comes to Conveyancing because this is their specific area of expertise.

Conveyancers have an extensive amount of knowledge in this field it is rare that an issue will arise that a Conveyancer cannot solve.

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Reserve Bank of Australia keeps Interest rates on hold again

By Conveyancing Blogger - Sydney Conveyancing - Fixed Price Conveyancing in Sydney & across NSW by Licensed Conveyancers. Call 02 6989 4656. on Sep 2, 2020 4:00:10 PM

The RBA’s decision to hold the cash rate at 0.25 per cent means interest rates on loans will remain stable, which will help many households and businesses manage their cash flow.

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What is PEXA and how does it work?

By Poppy Bournelis on Aug 28, 2020 4:52:16 PM

As COVID-19 and social distancing measures continue to impact day-to-day life, the ability to complete conveyancing electronically has become more relevant than ever. A process that previously would take days or weeks can now be completed in minutes.

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Sydney house prices likely to fall due to Coronavirus or Covid-19

By Conveyancing Blogger - Sydney Conveyancing - Fixed Price Conveyancing in Sydney & across NSW by Licensed Conveyancers. Call 02 6989 4656. on Aug 25, 2020 6:42:27 PM

The stringent government response to COVID-19 has undoubtedly placed the property market cycle at the cusp of another downswing. So far, property value declines have been fairly mild. Nationally, the May home value index results show that the dwelling market declined just 0.4% over the month, and preliminary indicators for June are showing the rate of decline has gathered some momentum through the month.

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Sydney property market bounces back

By Sydney Conveyancing - Fixed Professional Fees Conveyancing in Sydney & across NSW on Aug 12, 2020 8:21:37 PM

While housing prices in most capital cities have declined a little since May, the rising equity market meant household wealth remained largely unchanged, despite the deep recession caused by the coronavirus pandemic. Figures released by CoreLogic have shown that Sydney has fallen by 0.8 per cent, while nationally, capitals have fallen by just 0.7 per cent throughout the COVID-19 crisis.

While the Reserve Bank noted in its latest meeting that conditions in the established housing market “remained mixed”, pointing to recent falls in dwelling values across Australia’s capital cities.

“Housing prices in some larger cities had declined in June, though we’re only a little below recent peaks in the case of Sydney and Melbourne,” the RBA noted.

“Housing prices in a number of smaller cities were broadly unchanged.” REA chief economist Nerida Conisbee said suburbs with prices over $1 million have remained stable during the coronavirus pandemic due to the strong momentum of the past year.

Fifteen suburbs across Sydney have crossed the $1 million median price barrier for the first time.

The suburbs, located predominantly in Hornsby Shire, The Hills and Sutherland Shire, saw their median house price surge in the 12 months to June, thanks to record-low interest rates fuelling the market.

Realestate.com.au data showed Bexley in the city’s south had the strongest growth of the new entrants, with prices growing $266,000 to $1.251 million. Neighbouring Bayside suburb Arncliffe also surpassed $1 million. However, Sydney’s property market is going backwards for the first time since early 2019, with new data revealing house prices have fallen 2 per cent over the past three months. Northmead was the sole Parramatta suburb to break $1 million, with the median house price now $1.01 million. Jannali, Menai and Yarrawarrah from Sutherland Shire along with Belmore and Picnic Point from the Canterbury-Bankstown area also saw house values surpass $1 million.

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COVID-19 economic impact behind Australian home prices falling

By Conveyancing Blogger - Sydney Conveyancing - Fixed Price Conveyancing in Sydney & across NSW by Licensed Conveyancers. Call 02 6989 4656. on Aug 10, 2020 6:57:02 PM

Australian home prices have fallen for the third successive month, due to the economic impact of the COVID-19 pandemic.

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