Archives for March 2021

If you’re looking to buy a home or currently exploring your refinance options, it's likely that the lender will want to order a valuation on the property. Here we explain what a valuation is, why it's necessary and what options you might have should one come back lower than you expect it to.   What is a valuation? A valuation is an assessment of a property's value - for mortgage purposes only. Valuations are used to determine the Loan To Value Ratio in a loan application and can … [Read more...]

All signs point to the notion that Australia’s housing market is in the midst of a broad-based boom with the national home value surging 2.1% higher in February; the largest month-on-month increase since 2003. The February surge, as reported by CoreLogic’s national home value index, was spurred on by record low interest rates, improving economic conditions, government incentives and low stock levels.   What areas experienced growth? Maybe the correct question is, 'What areas didn't … [Read more...]