Satterley Blog

The Australian property market surprised even the most experienced economists in the aftermath of COVID-19. House prices shot up against all expectations and what’s more, they are predicted to continue surging into the future.

Satterley has a long history of creating some of the most beautiful communities in Australia. This year marks a poignant milestone, as the company celebrates 40 years, which all began with one person, Mr Nigel Satterley AM.

Melbourne has defied predictions that COVID-19 would lead to long-term drops in home values, with new data showing prices have bounced back strongly.

When we take a look at investor statistics within the Australian property market throughout the last year, we see the lowest participation rate on record. The pandemic affected Melbourne more than any other capital city in Australia in 2020, but what does that mean for potential purchasers or investors in 2021?

What a year 2020 has been. To describe it as challenging would be an understatement, yet Australians have pulled through with trademark resilience. The Australian property market has defied the odds and weathered the storms of 2020 with incredible strength, but some potential home buyers are still wondering: is it a good time to buy real estate?

The Federal Government’s HomeBuilder grant, announced in early June this year, has been well-received by new home purchasers, so far attracting the interest of more than 40,000 Australians.

The Federal Government has delivered a gift for home buyers, announcing a $25,000 grant to eligible purchasers, as well as property owners. The HomeBuilder grant will apply to new homes or substantial renovations of existing homes where the contract is entered into between 4 June 2020 and 31 December 2020.

With a range of government building bonuses & grants currently available, we explore the building process and how the grants can help you build your dream home.

The Government HomeBuilder scheme offers a $25,000 grant, available to eligible owner-occupiers who build a new home or undertake a substantial renovation.

We are currently navigating uncharted territory as the COVID-19 pandemic is impacting our health and economic systems however we are fortunate that the Government and lenders are acting quickly to put in place strategies that can help soften the blow for individuals, households and businesses. If you’re feeling the pinch or your employment circumstances have changed there are options available and help if you need it.