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Market Update Postcode 2127 August 2019

This week agent Stevan Vuk-Luboya, is covering what has been happening in a market for the past 4 weeks. It is clear that Australia’s properties are moving to next cycle called “Stabilisation” but the question remains the same “What to do next”? Covering the topics: Recent sales postcode 2127The importance of mortgage brokerHigh-rise apartments vs 15-20-year old apartmentsWhat price brackets are in the highest demand https://vimeo.com/355233284 High-rise apartments vs 15-20-year old apartments We have all read articles recently that have focused on the integrity of density building in our lucky country. Construction rates, conformity of builds and most importantly building defects have been highlighted as the centrepiece for scrutiny.... View article »
Posted in Latest news, News on 22nd August, 2019

How to choose your forever home and why it is a smart way to buy

A “forever home” – one you’ll own and live in for at least 15 to 20 years can offer more stability than constantly upgrading. It’s a purchase that makes most sense when work and family dynamics are expected to remain relatively stable, allowing home owners to settle in and take advantage of the benefits of long-term ownership. For home owners who upgrade frequently, high transaction costs mean considerable growth is necessarily before moving on, but that’s less of an issue with forever homes. The major benefit is minimising buying and holding costs because this is usually our most expensive asset in life. Compared with an investment property, a forever home... View article »
Posted in Buy, Latest news, News on 21st August, 2019

How to – style outdoor area?

It’s no secret Australians love outdoor living spaces, so we must really get these spaces right before hitting the market. Whether you have a small or large outdoor space to work with, it’s important that you showcase it by creating the perfect outdoor oasis. More than ever, people look at decks and verandas as extensions of their homes that get used every day for entertaining and family life – and maximising this area is one of the most effective ways to add value to your property. This time agent Stevan Vuk-Luboya shares tips how to maximise outdoor area. A styling tip: Think strategically about the outdoor spaces... View article »
Posted in Latest news, News, Rent, Sell on 14th August, 2019

Even lower rates are on a way – says Governor Lowe

Lowe said in May that while the Reserve Bank had long thought an unemployment rate of 5% was the best that could be achieved without generating worrying inflation, that view has now changed: From today’s perspective, I think we can do better than this. My judgement of the accumulating evidence is that the Australian economy can support an unemployment rate of below 5% without raising inflation concerns. The Reserve Bank should be able to cut interest rates until unemployment fell below 5% and approached 4.5% without worrying about inflation, Lowe argued. It would likely be appropriate to cut interest rates and keep cutting... View article »
Posted in Buy, Latest news, News, Sell on 12th August, 2019

An extended period of low interest rates ahead

The Reserve Bank has left the cash rate at a record low of 1.00%. The Reserve Bank previously cut rates in both June and July, each time by 25 basis points. WHAT HAS CHANGED SINCE THE LAST MEETING? The US-China trade war has intensified. The International Monetary Fund revised its 2019 estimate for global growth from 3.3% to 3.2%. The US Federal Reserve cut the federal funds rate by 25 basis points. The Australian jobless rate was steady at 5.2% in June. Job ads rose 0.8% in July after a 4.6% increase in June (the biggest monthly gain in 18 months). ... View article »
Posted in Latest news, News on 9th August, 2019

Property prices are set to rise in every capital city

The experts, on average, now anticipate the property market will be on the way up over the next year. Graham Cooke, insights manager at Finder, said it’s too soon to tell if this is an emerging recovery in the housing market, but it’s clear that the full effects of the RBA’s recent cuts have yet to play out. After one of the strongest weekend clearance rates in Sydney in recent months (71%), there is definitely a detectable pulse,” Cooke said. Predicted Unit Prices  by August 2020 Prospective first-time buyers should look at arranging pre-approval for finance soon if they want to take advantage of... View article »
Posted in Buy, Latest news, News, Sell on 8th August, 2019

How to – style a bedroom?

Hello dear reader, Today in the series of "How to"episodes Stevan shares simple ideas and innovative tips and tricks that can elevate the space, creating a room that impresses and most of all is easy to remember by potential buyers. Quick tip: While bedrooms are a deeply personal space it should look cozy and simple, sophisticated, and elegant, regardless of what style of decorating you choose. 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 »
Posted in Latest news, News, Sell on 8th August, 2019

Proposed changes to lockout laws in Sydney

Sydney lockout laws were introduced by the Government of NSW in 2014 with the objective to reduce alcohol-fuelled violence.  The legislation requires 1.30am lockouts and 3am last drinks at bars, pubs and clubs in the Sydney CBD entertainment precinct. However, since this time, pedestrian traffic has dropped by 40% in Kings Cross, falling from a Saturday peak of 5,590 per hour between 1am- 2am in 2010, to a Saturday peak of 3,888 between 12am - 1am in 2015. According to data from Liquor & Gaming NSW, 418 licensed premises in Kings cross and CBD have closed since 2014, 242 new licenses –... View article »
Posted in Latest news, News on 7th August, 2019

How to – renovate the kitchen?

For many households the kitchen is the centre of the home and the hub of activity. Remodelling the kitchen can add value to your home and create a different living experience. Agent Stevan Vuk-Luboya shares kitchen renovation tips from materials to colours and technical aspects. 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 »
Posted in Latest news, News, Sell on 2nd August, 2019

Are apartments becoming more child-friendly?

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 »
Posted in Latest news, News on 31st July, 2019