News from Equatorial Finance Solutions
First settlement for 2021! Congratulations to my client on the purchase settlement of her own home!
Exciting times ahead for this single mum as she looks to start her property portfolio again having focused on raising her kids over the last couple of decades!
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#Congratulations #client #singlemum
#new #purchase #settlement
#property #portfolio #growth
#thewongadvice
Australia’s housing market finished the year on a strong footing with CoreLogic’s national home value index rising a further 1.0% in December; the third consecutive month on month rise following a -2.1% drop in dwelling values between April and September.
CoreLogic’s research director, Tim Lawless, said the year was characterised by a mild COVID-dip in values, but unprecedented volatility in the transaction space. “The number of residential property sales plummeted by -40% through March and April but finished the year with almost 8% more sales relative to a year ago as buyer numbers surged through the second half of the year. Despite the volatility, housing values showed remarkable resilience, falling by only -2.1% before rebounding with strength throughout the final quarter of 2020.
In retrospect, the rebound in housing market activity and dwelling values is unsurprising given the rapid and substantial monetary and fiscal response from the Government and policy makers. “Record low interest rates played a key role in supporting housing market activity, along with a spectacular rise in consumer confidence as COVID-related restrictions were lifted and forecasts for economic conditions turned out to be overly pessimistic. Containing the spread of the virus has been critical to Australia’s economic and housing market resilience” Mr Lawless said.
As remote working opportunities became more prevalent and demand for lifestyle properties and lower density housing options became more popular, regional areas of Australia saw housing market conditions surge.
The longer international borders remain closed the greater the impact is on housing demand, especially rental demand. Regions where overseas migration has historically comprised a larger portion of overall population growth, such as Melbourne and Sydney, will be impacted the most by prolonged border closures.
Source: CoreLogic
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#property #economic #data
#housing #market #performance
#australia 🇦🇺 #covid #2020
Wishing everyone a Happy New Year!
🎆🎇
May 2021 bring everyone good health, positive vibes, lots of happiness, wealth & prosperity!
Thank you all for your support over the past year! 🙏🏼
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#happynewyear #2021
#goodhealth #positive #vibes
#happiness #wealth #prosperity
#thankyou #support
Final settlement for 2020, what a year this has been.
Congratulations to my client on the purchase settlement of her first home!
Exciting times ahead for this beautiful young lady as she moves out of her parents’ home and into her own property for the new year!
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#congratulations #client
#new #first #home #purchase
#leavingthenest #weekend #move
#newyear #2021
#finance #loan #settlement
#thewongadvice
From the @equatorialfinancesolutions family to yours, we wish you and your loved ones a safe and festive season! Merry Xmas & happy holidays!
No Xmas cards were sent out this year sorry, doing our little bit for the environment!
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#merry #xmas #happy #holidays
#festive #season #staysafe
#family #love #environment
#thewongadvice
Congratulations to my clients James & Amber on their refinance settlement today!
Now they can get started on their bathroom renovation!
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#congratulations #clients
#home #loan #refinance
#settlement #savings
#bathroom #renovation
#thewongadvice
Always grateful to have such wonderful clients and referral partners that appreciate the Wong advice and working with me! 🙏🏼
Very blessed to receive such a first class hamper! 😉
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#grateful #blessed #thankyou
#Wonderful #Clients #Referral #partners
FirstClass'Hampers
#thewongadvice
Remember @equatorialfinancesolutions does more than home loans! We also finance cars & equipment!
Congratulations to my clients on this new forklift for their warehouse! Just in time to handle their Xmas sales!
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#congratulations #business #clients
#equipment #loans
#asset #finance
@crownequipment #forklift
#xmas #sales
#thewongadvice