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From Parramatta to Sydney CBD in just 20 min. Metro West construction to commence 2020.

Construction on the new Metro West rail line will be accelerated to begin next year – slashing travel times between Parramatta and the city to just 20 minutes. Premier Gladys Berejiklian said the decision to bring forward construction is only possible because of the strong economic management of the NSW Liberals & Nationals Government. “We always said we would build Metro West as fast as possible and today’s announcement shows we mean business,” Ms Berejiklian said. “We have worked our guts out to get the budget in a strong position and now we are able to deliver crucial rail projects like Metro West quicker... View article »
Posted in News on 7th March, 2019

Huge growth of ferry services for Parramatta river

The private operator of Sydney’s ferries will put on 400 extra weekly services by mid-2021 after the state government awarded it a $1.3 billion contract. Under the nine-year deal, French company Transdev will bear the cost of leasing 10 new ferries to expand services on Parramatta River and a further three Emerald-class vessels for routes on Sydney Harbour. About 280 weekly services are due to start on Parramatta River in the middle of next year. A company Transdev now owns outright has run the state government-owned ferries since 2012. Under the new contract with Transdev, the extra services planned for Parramatta River by mid next year... View article »
Posted in News on 7th March, 2019

Less than 5% of homes in negative equity, says RBA

Only five percent of homes are in negative equity, the RBA Governor Philip Lowe advised in his speech to the AFR Business Summit. "Our estimate is that currently, less than five percent of indebted owner-occupier households have negative equity, and the vast bulk of these households continue to meet their mortgage obligations," Lowe said. "The nature of Australian mortgages – in which there is an incentive to make prepayments – has also helped," Lowe added. Lowe expects a further tightening of the labour market, which will see a gradual increase in wages growth and faster income growth. "This should provide a counterweight to the effect on... View article »
Posted in Buy, News, Rent, Sell on 6th March, 2019

Construction of Metro West line to begin 2020, says NSW Premier

New railway stations will be created at Five Dock, North Burwood and North Strathfield as part of the promised Metro West rail line, which the Berejiklian government has committed to beginning next year if the Coalition wins the upcoming election. NSW Premier Gladys Berejiklian and Transport Minister Andrew Constance announced the Coalition would inject $6.4 billion into the transport infrastructure project, which is expected to reduce travel times between Parramatta and the Sydney CBD to 20 minutes, with trains running every two minutes. "We’ve been working day and night to bring forward the day of start of construction, and what I'm really... View article »
Posted in News on 4th March, 2019

Stevan Vuk-Luboya & Property Nest nominated #1 Agent and #1 Agency of The Year

Congratulations our sales agent Stevan being nominated #1 Sales Agent. With over 34,000 registered profiles on RateMyAgent, Stevan Vuk-Luboya & Property Nest rank in the top performing 6% of real estate agents and agencies in the whole Australia.  The industry's most anticipated awards, putting clients' needs first. Now in its fifth year, the Agent of the Year Awards are the only awards in Australia that celebrate and recognise real estate agents and agencies that provide truly excellent client service, based primarily on customer satisfaction. “The RateMyAgent Agent of the Year Awards are the only awards which use verified customer reviews and feedback, so they’re an honest gauge of the customer... View article »
Posted in News on 22nd February, 2019

2018 Sydney Olympic Park Property Report & 2019 Predictions

Sydney Olympic Park has experienced some strong sales early in the year with a suburb record price being achieved July (Opal Tower), most notably the highest price paid was for 3301/1 Brushbox St Sydney Olympic Park. 2018 will remain a year of strong sales and weakening interest, with the year starting out with strong consumer confidence and bullish buying behaviours, and then transitioning to a market fuelled by fear and speculation. Finishing the year some 10% down on sales prices and some 18% down on sales volume. This was largely due to the tightening of lending conditions led by APRA, and... View article »
Posted in Buy, News, Rent, Sell on 21st February, 2019

Reserve Bank Australia emphasises the importance of house prices

The policy outlook is firmly linked to progress in reducing the unemployment rate and moving the inflation rate back into the 2-3% policy band. The risks around the outlook centre on the household sector and dwelling investment. The Bank remains generally comfortable with the outlook for business investment; government spending and external conditions. Clearly, developments in the housing market, particularly in Sydney and Melbourne, are attracting considerably more attention than we had seen in the minutes of meetings held in 2018. In particular, the Bank’s current position that the effect of recent price falls on overall economic activity was expected to be relatively small... View article »
Posted in Buy, News, Rent on 20th February, 2019

2018 Newington Property Report & 2019 Predictions

2018 will remain a year of strong sales and weakening interest, with the year starting out with strong consumer confidence and bullish buying behaviours, and then transitioning to a market fuelled by fear and speculation. Finishing the year some 10% down on sales prices and some 18% down on sales volume. This was largely due to the tightening of lending conditions led by APRA, and the Royal Commission into banking behaviour and practices. Locally, we experienced some strong sales early in the year with a suburb record price being achieved in second quarter, most notably the highest price paid for a... View article »
Posted in News on 14th February, 2019

Qualities of great Property Manager

When it comes to property managers, there are certain qualities you just can’t do without. Attention to detail With so much paperwork and important dates that need to be met regularly, attention to detail and organisation are critical skills your property manager simply has to have. Within the properties themselves, a property manager’s ability to pick up on the features and little details that will appeal to certain tenants will help to deliver happier tenants who’ll want to remain in the property longer, providing a more stable rental income to landlords. Passion If you rent long enough you might ran into a property manager who... View article »
Posted in Manage, News, Rent on 7th February, 2019

Sydney and Melbourne among the most expensive cities to live in 2019

The 15th Annual Dermographia International Housing Affordability Survey has revealed the most expensive cities to live in around the world. The study looked at 309 housing markets in Australia, Canada, Hong Kong, Ireland, New Zealand, Singapore, the UK, and the US. It uses the “mean multiple” approach – the median house price divided by the median household income. The survey shows that the most “severely unaffordable major housing markets” are currently in Australia, New Zealand, and China. Sidney and Melbourne are among the top most expensive cities to live in 2019. 10 Most expensive cities to live in around the world in 2019, ranked my... View article »
Posted in Buy, Manage, News on 25th January, 2019