Jett Templeton - Ray White Toowoomba

24/03/2025

Mythbusting the residential property market!

Myth No. 7 - You can only afford a first home if you have money from the “Bank of Mum and Dad” 💰

✨Reality - while parental support through the "Bank of Mum and Dad" helps some buyers enter the market sooner, it's not the only path to home ownership. There are multiple ways to get into the market with a smaller deposit, including government incentives like low deposit schemes without mortgage insurance, stamp duty exemptions, and cash grants for new homes.

The important thing is getting into the market when you're financially ready, rather than waiting for perfect conditions or relying solely on parental support. The key is understanding what you're eligible for and exploring all available options.

If you need to talk anything real estate, I am here to assist!
📲 0439 277 773
📨 [email protected]

https://www.raywhite.com/news-and-market-insights/economic-updates/mythbusting-the-residential-property-market

17/03/2025

Mythbusting the residential property market!

Myth No. 6 - You are better renting and investing in shares/bitcoin/gold than buying a home to live in 🪙

✨Reality - when you buy a home to live in rather than for investment, leverage is particularly powerful because you're getting two benefits - a place to live and an investment. With $100,000 saved, you could buy a $500,000 home with an 80 per cent loan. If the property goes up 10 per cent to $550,000, you've made $50,000 on your $100,000 - a 50 per cent return. Meanwhile, you've had a place to live with fixed mortgage payments instead of rising rents.

In contrast, if you rent and invest your $100,000 in shares or bitcoin, most people wouldn't borrow an extra $400,000 for these investments due to higher interest rates and market volatility. This means that same 10 per cent rise would only give you $10,000 on your $100,000 - and you'd still be paying rent. The ability to safely use leverage while getting both housing and investment benefits makes buying a home to live in uniquely attractive.

If you need to talk anything real estate, I am here to assist!
📲 0439 277 773
📨 [email protected]

https://www.raywhite.com/news-and-market-insights/economic-updates/mythbusting-the-residential-property-market

12/03/2025

Homeowners often face a challenging decision: renovate their existing property or sell and buy something that better meets their needs.

"How much value will my renovation add?" is one of the most common questions homeowners ask, and there's a simple starting formula:

🏠 Your home's new value = Current value + Cost of renovation

But real estate isn't always that simple. When the market is rising, it's hard to tell how much of your home's increased value came from your renovation versus general market growth.

Each neighbourhood has a limit on what buyers will pay, no matter how nice your renovation is. Additionally, finding builders is difficult right now, and construction costs have jumped more than 30 per cent in many places.

Location still trumps renovation as well - a beautifully renovated home next to a busy highway will still face value limitations.

If you renovate your home in a way most people would like, you should get back at least what you spent on the renovation. However, with rising construction costs and limited builder availability, well-renovated properties are often selling at a premium so this may lead to a significant premium to the total cost of the renovation.

Read more on Ray White - https://www.raywhite.com/news-and-market-insights/economic-updates/how-much-does-renovating-add-to-the-value-of-your-home-2?fbclid=IwY2xjawI7Fh1leHRuA2FlbQIxMAABHX9E6voKexZe4Z91BNko1TJIakpB4KDX4RR05ZYA0VI6AkOZf8aGT1V8Rw_aem_WdEGltTTR6oJ86HZRC2vOg

Looking for some tailored advice?
Give me a call on 📲0439 277 773

10/03/2025

Mythbusting the residential property market!

Myth No. 5 - Negative gearing is to blame for Australia’s high house prices 🏠

✨Reality - while negative gearing makes property investment more attractive by offering tax benefits, it's too simplistic to blame it alone for high house prices. Many countries without negative gearing also face significant housing affordability challenges. The main drivers of Australian house prices include limited housing supply in desirable areas, strong population growth, strict planning regulations, and the concentration of jobs in major cities.

Negative gearing is just one piece of a complex puzzle that includes broader economic factors like household income levels, lending policies, and construction costs. Looking at housing affordability through the single lens of negative gearing misses these other crucial market forces.

If you need to talk anything real estate, I am here to assist!
📲 0439 277 773
📨 [email protected]

https://www.raywhite.com/news-and-market-insights/economic-updates/mythbusting-the-residential-property-market

03/03/2025

Mythbusting the residential property market!

Myth No. 4 - Rents are rising because of landlords 📈

✨ Reality - rental prices are primarily driven by market supply and demand, not individual landlord decisions. When there are plenty of rental options available, tenants can simply choose cheaper properties, forcing landlords to keep rents competitive or risk having empty properties and no income.

What actually drives rent increases is the balance of rental properties versus people looking to rent. When there's strong demand (due to factors like population growth, more international students, or people unable to buy) but limited rental supply, competition among tenants pushes rents up. Recent rent rises have more to do with housing shortages and increased demand than individual landlord decisions.

If you need to talk anything real estate, I am here to assist!
📲 0439 277 773
📨 [email protected]

https://www.raywhite.com/news-and-market-insights/economic-updates/mythbusting-the-residential-property-market

28/02/2025

25/02/2025

🏇 We’re proud to be a partner of the 2025 Mort & Co King of the Mountain Raceday!

As one of Toowoomba’s premier race days, the Mort & Co King of the Mountain Raceday brings together thrilling racing, high fashion, and an electric atmosphere—all on the iconic Toowoomba Show Holiday, Friday 28th March!

🎟 Tickets are selling fast—secure yours now! 👉 https://tickets.localtix.com.au/outlet/event/3e8f60f9-78ea-4da5-ac38-482ae9b197a9

24/02/2025

Mythbusting the residential property market!

Myth No. 3 - House prices could see a sharp correction so I should wait for that to happen before I buy ⏰

✨Reality - housing markets have proven remarkably stable, even during major economic shocks. In Australia, strong population growth and limited new housing supply, especially in cities, continue to support prices.

Instead of a sharp correction, history suggests we're more likely to see periods where prices level out before growing again.

If you need to talk anything real estate, I am here to assist!
📲 0439 277 773
📨 [email protected]

https://www.raywhite.com/news-and-market-insights/economic-updates/mythbusting-the-residential-property-market

21/02/2025

First home with a friend or family member? 🔑🏠

Many first home buyer incentives have been adjusted to take into account not everyone wants to buy with a romantic partner but instead with a friend or family member.

Financially this makes sense but it is important to set the deal up appropriately to take into account such things as who is going to live in the property, what will happen if someone wants to sell and what to do if someone can no longer pay the mortgage?

Talk to one of our friendly experts or see a breakdown of first home buyer schemes here - https://www.raywhite.com/news-and-market-insights/finding-a-property/buy-a-property/key-tips-for-first-home-buyers/first-home-buyer-incentives-faqs

Get in touch!
📲 0439 277 773
📨 [email protected]

19/02/2025

18/02/2025

SOLD! 🎉
Straight after the auction, this breathtaking stable complex secured a $1.825M result!🤩

With 6 registered bidders and competitive bidding, the perfect match was made. Massive congratulations to the buyers and sellers on an amazing result!👏

18/02/2025

Perfect Family Living Just Moments from Toowoomba! 🏠✨

📌19 Tarcoola Street, Wyreema
4 Beds 2 Baths 2 Cars

Buyer interest above $649,000

Get in touch!
📱Jett | 0439 277 773
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Visit our website for all the details!
https://raywhitetoowoomba.com.au/properties/residential-for-sale/qld/wyreema-4352/house/3248223