Magma Finance

30/08/2021

Despite Sydney being in lockdown for almost 2 months, property prices continue to surge!
ANZ is the latest of the big banks to revise its forecasts upwards amid lockdowns. Expected prices would continue to fare better than they had during the city’s extended lockdown last year, when there was greater uncertainty around the impact of the pandemic.
The updated forecasts are similar to those put out by the Commonwealth Bank (CBA) earlier this month.

ANZ has become the latest big bank to lift its house price forecasts higher, off the back of stronger than expected results in the property market.

26/08/2021

According to research from Westpac, a listing’s location and suburb has become a bigger focus for first homebuyers, overtaking a property’s features and presentation.

In order of priority, features attracting first homebuyers were:

1. Close proximity to a supermarket
2. A backyard
3. Peaceful and quiet surroundings
4. Walking distance to public transport
5. A modern kitchen

This article was created in sponsorship with Westpac

24/08/2021

Buying and renting out property is clearly a highly popular choice made by many Australians. Recent figures show there are currently more than 2.2 million property investors in Australia. This means roughly 10% of the population owns an investment property, and are currently making money in their sleep as the market continues to grow.
What are you doing to secure your financial future?

Renting out a property might seem like a simple venture, but it could work out to be more complicated than people think.

28/05/2021

It is so rewarding to know that the services we provide make a real difference to the lives of our customers. It motivates and drives us to do our very best to deliver excellence each day.

Thank you Noorian's - it was an absolute pleasure working with you!

11/05/2021

The broad trend of houses outperforming the unit sector continued through April as higher density styles of housing experienced less demand amidst elevated supply across some inner city precincts. At the combined capital city level house values (8.6%) have risen at double the pace of unit values (4.3%) over the first four months of the year.

10/05/2021

Australian housing values lifted by 1.8% in April according to CoreLogic’s national home value index, with the monthly pace of capital gains easing from a 32-year high in March (2.8%).

Although growth conditions have slowed, housing values are still rising at a rapid pace, up 6.8% over the past three months alone!
Apri21.JPG