Recently, negative gearing has been a major topic of debate in the upcoming election. What is actually negative gearing and what are the implications of it? Before going in depth towards negative gearing system, there are three types of gearing in property business that likely to happen when people invest. Gearing is generally defined as borrowing certain amount of money to […]
The Australian Federal Election 2016 has finally come to a closure. Our nation is no longer in “limbo” since Malcolm Turnbull claimed his victory on 10th July 2016. The Coalition overtook Labor with at least 74 seats in Federal Parliament. Mr. Turnbull said that the election was resolved and done peacefully. “It’s something we should […]
Core Logic RPData reported the latest capital city clearance with a very impressive result. The capital city clearance rate continued its upwards trend, with preliminary results showing that 77.8 per cent of reported auctions across the capitals were successful. The strong trend in auction results over recent months has been achieved on falling auction volumes, […]
For sixth year in a row, Melbourne has been holding the crown for being the world’s most liveable city. The survey conducted by the Economist Intelligence Unit (EIU) was based on an index score of 140 in healthcare, education, stability, culture, environment and infrastructure. Source: Economist Intelligence Unit This year, Melbourne scored 97.5 out of […]
Based on the results of the latest research findings, as of last June, property prices in Melbourne grew more than twice the national average value. Figures released by the Australian Bureau of Statistics (ABS) shows that the value of intermediate residence in Melbourne grew by 8.2% in the last 12 months. CoreLogic also reported that […]
Dear Xynergians! Just a friendly reminder that we are working together with Real Food and Fit n Fast Gym Victoria to provide our dearest clients the best possible real estate service. By signing up with Xynergy, you will be entitled to receive a FREE regular coffee made with the best organic blend and a FREE two weeks fit and fast gym access. […]
We are just one step away from our most favourite month in the year! Christmas is just around the corner and we can already start feeling the excitement. This month is especially special for Xynergy as our team members went on a long-awaited cruise trip. Not only that, we also have a very exciting announcement […]
There is no doubt that home affordability is affecting new home buyers in the country. Core Logic recently released a report that gives an overview of housing costs in different parts of the nation. With the markets still sizzling in Sydney and Melbourne, people are finding it hard, if not impossible, to set foot on the property […]
The legislation You may be familiar with the term “underquoting”. It is commonly passed around in the property industry and is probably the most misunderstood. More importantly, it is one of the most widely and covertly used sales tactics. So what is underquoting? According to Consumer Affairs Victoria (CAV), the definition of underquoting is “when […]