Fixon Homes

Australia: The Fifth Strongest Housing Market

Australia has hit the number five position in house price gross, according to the latest data from Knight Frank.

Australia: The Fifth Strongest Housing Market

According to the valuer, Australia, with an annual house price growth rate of 18.9 per cent, came in fifth over the last quarter. This was the first time Australia had made the top five since 2015.


Turkey was in the top position recording 35.5 per cent growth over a 12-month period to September 2021, followed by South Korea at 26.4 per cent took and New Zealand with 21.9 per cent over the period. Sweden came in at fourth place with growth of 20.3 per cent, and Australia rounded out the top five.


House prices rose 9.4 per cent on average across the 56 countries included in the house price index.

By |January 18, 2022|Categories: Fixon Homes|0 Comments

How to Save for a Home Deposit at Christmas Time

Traditionally, the Christmas and New Year period is the time of year where many of us tend to overspend.

How to Save for a Home Deposit at Christmas Time

While this might be well-meaning, as most people are simply buying gifts for family and friends at Christmas or going on holiday, you need to be sure that it doesn’t blow your budget.


If your goal is to buy a property in the new year, then it’s important to not let a Christmas splurge get in the way of your real estate dreams.


Here are a few ways to better manage your money ahead of the holiday season.


Put the Credit Card Away

The problem with credit cards is they are easy to use and not always easy to keep track of.


During the lead-up to Christmas, it’s very easy to get carried away spending. This can not only hurt your savings, but it also makes it appear that your typical spending habits are a lot higher than they might be.


A lender will take close look at your expenses over the previous three months when assessing a home loan application, and if they are excessive, it could dent your serviceability and risk getting your loan application rejected.


If you don’t particularly use or need your credit card, it can often be a good idea to get rid of it altogether, as lenders assess your credit card as if it is fully maxed out.


Allocate Funds in Advance

We all know that budgeting is important but for most people it is not only hard to do, but hard to implement.


One of the best ways to effectively budget is to allocate all your spending money in advance and put it on a debit card. This way, there is no chance you can go over budget.


It’s even possible to have multiple debit cards for different areas of your life, such as essentials, spending money and things like bills and expenses. Then, you simply transfer funds to them each week.


While this might seem a little over the top, if your goal is to get on the property ladder, then it might be well worth going to these lengths for even a short period of time.


Avoid Borrowing

While it might be very tempting to jump on a plane after what has been a few rough years for those that love to travel, don’t take on any debts in the process.


Many people like to put their holidays on credit or even take out a personal loan. The problem with adding debt is that this money needs to be paid back. When you have debts, it weighs on your serviceability.


Given that credit cards and other unsecured debts attract incredibly high interest rates and need to be paid back in a matter of years at the latest, this can really hurt your bottom line when applying for a loan.


For first home buyers, even a $100 per week payment on a credit card or loan could be enough for you to miss out on getting a loan for your first property. If your goal is to buy a property, wait until you’ve settled on the property and made a new budget before going out and spending money you don’t have on a trip.

By |December 7, 2021|Categories: Fixon Homes|Tags: |0 Comments

When’s the Best Time to Buy or Sell a Property?

With the spring selling season coming to an end and Christmas just around the corner, many buyers and sellers are getting ready for a well-deserved break.

When’s the Best Time to Buy or Sell a Property

The traditional belief is that spring is the best time to sell and it’s for that reason we see the largest volume of transactions taking place throughout September, October and November. This is followed by a sharp drop in transactions over the summer months.


Interestingly, if you’re a buyer, then summer could well be an opportunity for you to find a great property at a decent price.


In fact, research from suggests that if you’re a buyer, January might be the month that represents the best buying opportunities.




This data found that across the country, properties sold in November have attracted prices almost 6% higher than those in January. According to the numbers, January has been the cheapest month to buy a property over the past three years.


However, there are some big differences in the various capital cities, with the biggest seasonal impact being felt in Sydney, Melbourne and Hobart. Across these three capital cities, houses sold for prices in December that were 10% higher than in January.


The belief is that in spring there are more auctions taking place, which leads to higher prices in Sydney and Melbourne in particular, which feature the majority of auctions.


The fact that January can attract lower prices also has to do with the fact that many properties that might not have sold in December were held over until January.


The impact of the time you buy and sell is a lot less prominent in other capital cities, but it still does occur in both Brisbane and Adelaide. In Perth, it appears that the best time to buy is during the winter months.


As we move into the new year, the question remains, will this trend continue? 2021 hasn’t been a normal year by any standard, however, transaction volumes are getting higher each week as many people who have been holding off on buying or selling finally start to get active.

By |December 7, 2021|Categories: Fixon Homes|0 Comments
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