Archive for July, 2019

The ‘Great Australian Dream’ persists as a vivid image: picket fence, a couple of cars in the driveway, a Hills Hoist and plenty of room for a game of backyard cricket with the neighbours on that quarter-acre block. That dream has changed so much, especially over this last generation.  Data from the Australian Bureau of Statistics shows more Australians than ever are taking up apartment living. In the 2016 Census, families with children (and either one or two parents) comprised almost 44 per cent of all families living in apartments in Australia. Urban social geographer Sophie-May Kerr’s PhD research at the University... View article »

Selling your home is a big deal. Whether you’re selling for the first time or for the fifth there is a lot that goes into the sale of your residence. Before you can ask questions like ‘how do I sell my home?’ you’ll need to ask yourself ‘am I ready to?’ Knowing you’re ready to sell isn’t as easy as waking up and deciding to. It’s never going to be the perfect time to move on from your current place, however there are ways to know if it’s a good opportunity, and a good decision, for you, your family, and your... View article »

Interest rates for investors are finally heading down with the average investor principal and interest rate dropping 35 basis points. Falling from 4.76% to 4.41% following consecutive official rate cuts and changes to the APRA cap. On average an investor with a $300,000 loan taken over 30 years will be $63 a month better off following the cuts. This time two years ago in 2017 property investors were staring down average interest only rates of 5.12% and lenders were handcuffed around the volume of loans they could issue by the APRA cap. Following the RBA’s action on rates this year, Westpac made the most... View article »

The City of Parramatta Council would like to learn about how people who live and work in Wentworth Point and Newington get around for their everyday activities. The information you provide will help them advocate for the community to improve transport provided by the NSW Government. The questions will take approximately 5-8 minutes to answer, and as a thank you for your time you can be entered into a draw to win one of five cards (either Opal, Woolworths or Coles shopping), loaded with $50 credit! All responses will be anonymous, and will be combined for analysis. TAKE A SURVEY View article »

Once it was only reserved for high-end market homes, now home owners style properties right across the board from luxury to budget. A win-win situation to gain more interest in a property and increase sales price. Styling tip: The rooms need to have well-proportioned furniture to suit the size of the room and should contain a focal point, be it a great sofa, accent cushions or a colourful interesting artwork. Agent Stevan from Property Nest talks about DO’s and DON’Ts of property presentation. Have a question about Property market? Send it to info@propertynest.com.au or simply via Online form and watch your question answered in a next episode. View article »

This weekend Sydney recorded a preliminary clearance rate of 81.5% across 303. "It is likely that the final clearance rate will revise down to around the mid-70's once remaining results are collected," a CoreLogic spokesperson said. Over the previous week, 72.8 per cent of the 316 auctions were successful, the second week in a row where the final clearance rate held above 70 per cent. Just one year ago, 407 auctions were held across Sydney returning a final clearance rate of 55.2%. This weekend's auction results INNER WEST COURIER (CITY)    82% (17 Auctions)                Annandale, Balmain, Balmain East, Birchgrove, Camperdown,... View article »

Agent Stevan summarises the biggest property market events over the last four weeks between mid June till mid July 2019. - Interest rate cut - Changes to home-loan serviceability floor rates - Newington, NSW market update NZ and Westpac have changed their respective home-loan serviceability floor rates while increasing their buffer rates to 2.5%. Westpac will assess home loan borrowers against their capacity to repay the loan at 5.75 per cent, a reduction from 7.25 per cent, in a move that should make it easier for people to secure loans. The bank moved just days after the ANZ Banking Group became the first lender to... View article »

Did you know that 90% of buyers cannot see past the clutter? It’s a scary figure, but imagine if all parties inspecting your home could see themselves living in your home? That’s emotional connection and that’s what sells houses. Buyers want to be sold a lifestyle, not just a house and property styling is about wowing your potential buyers and achieving a fantastic sales result. A property that is move in ready attracts less negative feedback from buyers. Presenting your property for sale is vital to ensure that all the positives in your home are showcased and the negatives are dealt with leaving... View article »

What is negative gearing? To understand negative gearing, it is best to get back to basics. Gearing means to borrow money to make an investment and investors tend to positively, negatively or neutrally gear properties. Positively geared properties are when the rent you earn exceeds amount of interest and outgoings payable. In other words, you make a profit. Neutrally geared is where the rent equals your interest payments and outgoings. Negative gearing is where your rental income doesn’t cover the cost of repayments and outgoings and you need to supplement from your salary or other income in order to meet your financial obligations... View article »

The markets have turned from a seller’s market to a buyer’s market, so today it’s critical to undertake some detailed research as to the best method and best agent to sell your home, however, there are few important things to consider if you want to be fully prepared for the selling process. You want the best person in the business representing you and your property. Make sure you interview at least three agents — maybe even more if there is a wide range to choose from in your area — before you decide on which one to go with. Rather than let... View article »