Jimmydee's Jabber - Q1 Newsletter

G ’day everyone, and welcome to my first Quarterly newsletter of 2023!

There is plenty happening in the FNQ housing market at the moment with rate changes, housing prices going up & government grants being rolled out. Below I have put down important information regarding these happenings with a sprinkle of thoughts from myself.

To start it off let’s look at the year that was (2022).

Cairns has continued to excel in population and house prices, since the previous year, which can be seen and felt every day. Cairns was a hidden gem for so long, and with the interstate travel that dominated the country during the Covid-19 restrictions, Cairns was discovered by many as the ultimate tropical paradise with plenty of space, affordable properties, and plenty of nature. With these great selling points, many people have come to FNQ from all over Australia to make this their new home This has also seen property prices jump up as well as rental properties becoming scarce and expensive.

Government grants have also been continuously rolled out to assist first home buyers get into their first homes. Some of these are, The Regional first home buyer guarantee, First home guarantee scheme, single parent deposit scheme, etc. These grants can help you get into your property quicker while saving thousands in fee’s, there are more grants being rolled out later in 2023.

Heading into this new year I decided to give myself 12 goals, one for every month in the year and will work towards these goals throughout 2023. If you are like me and do your best work with your goals written down, here are three goals you should consider:

1.??????Go over your budget, and see how much disposable income you have and set up an automatic transfer for you savings account (Keeping this out of sight will keep it out of mind & help build up your savings, if you can save $200 per week you will have $10,400 within a year for your property purchase)

2.??????Make your plan on purchasing your home (What your desired purchase price is, what area you want to buy in, etc)

3.??????Book an appointment with me to go over everything (No, this is not a shameless self-promotion, but when you come in for a coffee and a chat, I go over everything with you so you will leave the office with a dollar figure on how much you need for what you want as well as your affordability, and what grants are available to you. A big passion of mine is educating you on the process, so you know the ins & out’s)

These three goals will put you in the right direction of owning your own piece of Australia.

After their first meeting for 2023 The Reserve Bank of Australia (RBA) decided to increase its cash rate target by 0.25% to 3.35% - The ninth consecutive increase since last year, with another meeting taking pace on the 7th of March 2023.

However unwanted this news may be, there is still strong competition between lenders with cash incentives & pricing concessions which can give you added value in reviewing your home loan, which is what I am here for.

Thanks for taking the time to read my first Quarterly newsletter of 2023, if this has stirred up any question or concerns you have regarding your current home or a home you are wanting to buy, reach out for a yarn, I am more than happy to talk you through anything you’re unsure about.

Jimmydee (JD) Baker Spittles

0475 050 753

[email protected]?