Search

Property prices keep rising | Beware of online shopping scams | Twelve Grains Capital

Rents surge in Perth, Darwin, Canberra and Adelaide

It’s been a mixed picture for property investors this year, with houses outperforming units and smaller capitals outperforming larger cities. Across Australia, median house rents increased 3.2% in the year to November, while median unit rents fell 3.1%, according to CoreLogic. Perth, Darwin, Canberra and Adelaide were the only capitals that experienced increases in both house and unit rents, while Hobart was the only capital that went backwards in both categories.



Many commentators are forecasting property prices to grow in 2021, so next year might be a good time to buy an investment property. If you want to enter the market, here are five ways to increase your borrowing capacity:

  • Pay off debts

  • Cut back on discretionary spending

  • Lower the limit on your credit card

  • Reduce or eliminate your use of buy-now-pay-later services

  • Look for ways to increase your income Call us if you need mortgage advice


Govt extends HomeBuilder by 3 months

Good news for existing home owners and people planning to enter the market – the government has extended the HomeBuilder scheme. HomeBuilder provides financial support to owner-occupiers who want to build a new home, substantially renovate an existing home or buy an off-the-plan property.



Under the original version of the scheme, participants in the HomeBuilder scheme receive a $25,000 grant if they sign a building contract before 31 December 2020. Under the new version, participants will receive $15,000 if they sign a contract between 1 January and 31 March 2021. As before, construction must start within six months of the contract being signed. The price cap for renovations has been kept at $1.5 million (pre-renovation). However, the price cap for new builds, which is currently set at $750,000 for all states, will be increased to $850,000 for Victoria and $950,000 for New South Wales. To participate in HomeBuilder, you must be an Australian citizen and earn less than $125,000 for singles and $200,000 for couples. Need a construction loan? Speak with us



Real estate values keep rising, despite pandemic

Median price growth for the month of November ranged from 0.4% in Sydney to 1.9% in Darwin and Canberra. Over the year to November, prices grew in all capitals except Melbourne. Canberra’s median price ($672,866) is now higher than Melbourne’s ($672,172), making Canberra the second-most expensive capital city property market, behind Sydney.



Peter Koulizos, chairman of the Property Investment Professionals of Australia (PIPA), said the latest statistics were in stark contrast to the alarmist forecasts at the start of COVID. “Big banks and some property commentators were predicting property price falls of anywhere from 10-30%,” he said. “At the same time, PIPA produced research to show that house prices had increased by as much as 100% in the five years after the most recent recessions. Get in touch if you need a home loan



Beware of online shopping scams

Australia’s consumer watchdog has urged people to watch out for online shopping scams this holiday season, with scam losses rising sharply in 2020. Losses to online shopping scams have increased 42% this year, with almost $7 million in reported losses, according to the Australian Competition & Consumer Commission (ACCC). Losses on classified websites, such as Facebook Marketplace and Gumtree, have increased 60% this year, to $4.5 million. ACCC deputy chair Delia Rickard said scammers create realistic-looking fake websites that offer products at very low prices; victims then receive either a fake item or nothing at all. Another trick scammers play is to post fake ads on classified websites, often claiming they are travelling and someone else will deliver the goods – but the item never arrives. Ms Rickard advised consumers to beware of:

  • Popular products being sold at suspiciously low prices

  • Sellers who request payment through direct bank transfer or cryptocurrency

  • Fake Australia Post parcel delivery notifications that ask you to click links and input sensitive information (something Australia Post never does)


Book a Free Appointment


Contact Us Twelve Grains Capital 319 Sussex St Sydney NSW 2000

Credit Representative Number 498878 P: 1800 807 620 | View Website

10 views0 comments

Copyright © 2021 | Twelve Grains Holdings Pty Ltd.

ACN 608 522 890 | CRN 498879 authorised under ACL 384704 and AFSL 453345

  • Facebook

Twelve Grains Holdings Pty Ltd. is a registered AFCA member number 60050 and MFAA member number 338802.

By accessing this website, you are agreeing to be bound by the restrictions set out below.

This website has been prepared by Twelve Grains Holdings Pty Ltd solely for information and may not be taken away, reproduced or redistributed to any other person. Information contained in this website is intended solely for your personal reference and is strictly confidential.

The delivery of this website does not constitute an offer or invitation to purchase or subscribe for any securities and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto. In addition, this website may not be used for the purpose of and does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction or under any circumstances in which such offer or invitation is unlawful or unauthorised or to any person to whom it is unlawful to make such offer or invitation.

This website contains forward-looking statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expected, expressed or implied by these forward-looking statements.

Twelve Grains Holdings Pty Ltd shall not be liable for any loss whatsoever arising from any use of the information in this website.

Parties should seek professional advice if in doubt to ensure compliance with all applicable laws and regulations, which could vary depending on the specific features of the project undertaken.

This site is protected by reCAPTCHA and our Privacy Policy.

Finance Brokers | Mortgage Brokers | Twelve Grains Capital

Sydney, Australia

Brisbane, Melbourne, Gold Coast, Adelaide, Perth, Hobart

COMMERCIAL LOAN | HOME LOAN | BUSINESS LOAN

ASSET FINANCE | PERSONAL LOAN