If you only have the weekend to work on those DIY renovations, the last thing you want to do is get in too deep and leave your DIY project half completed. You don't want to put those projects off until the holidays either.
What's the solution? Use your weekends to complete the small projects and you won't have to spend your holidays working at home.
Did you hear the ridiculous price they got for that place up the road?
Runaway auction stories are abound at the moment, and it’s very tempting for vendors to join the frenzy in the hope of getting more than they expected. And why not? In a strong market it’s often hard to know exactly what your property is worth, and an auction is a very good way to test that.
The sale is ‘unconditional’. You’re protected by the reserve price. And there’s the fear of missing out – where emotional buyers are pushed to their limit and often beyond.
But auctions can be very stressful on vendors, not just buyers, and as a general rule of thumb, six out of seven properties are still sold by private sale in Avoca Beach, Copacabana and MacMasters Beach. A private sale gives you more say in what you think is a fair price. You have time to consider offers, without being put on the spot. And greater flexibility to negotiate terms that suit both parties, especially if you’re not in a rush to sell. With Auctions there’s no guarantee they’ll be successful, or even get you the best price – the winning bidder only has to offer slightly more than their competitor, which may well be less than they were willing to pay.
Like everything, it’s horses for courses, and you need to discuss the options carefully with your agent.
Kyle Brand
You don't have to be stuck with dodgy decor or boring bathrooms - there are easy solutions to make your rental feel like your own.
A mortgage may clamp a significant financial chain around your ankles, but with that great responsibility also comes great freedom.
Namely, to do what you like to your own home (subject to council approval, of course).
Rental tenants, on the other hand, have traditionally seemed stuck with whatever dodgy decor, poky layout or boring bathrooms their landlord bestows upon their digs. But while you may not be knocking down walls any time soon, there are plenty of solutions you can use to make your rental feel much more like your own.
“The Sydney market is slowing, not crashing”, according to RPData Core Logic’s Head of Research, Tim Lawless. Despite a seasonally strong result over the month of June, quarterly results show that values were only 0.8% higher in Sydney over the June quarter, which is down from 5% over the March quarter. Sydney’s annual rate of growth has eased from 15.9% three months ago to 13.7% over the twelve months ending June, 2017.
Locally, Avoca Beach experienced price growth of 5.9% and Copacabana 5.4% over the June Quarter. Avoca Beach’s annual growth rate has increased to 9.5% and Copacabana to 20.8% over the 12 months to June 2017. The strong growth locally has some time to run.
On the rental front, it has been good news for investors, whilst the pace of capital gains is moderating, rental growth has been rising with rents in Sydney increasing 4.5% over the past 12 months, with similar results locally. This growth turnaround will be very much appreciated by landlords looking to recover higher mortgage costs.
So you've decided to start investing in property and vowed to get into the game this year.
Seeing how prices in Sydney and Melbourne have surged during the past two years, you're worried that the markets are running away too fast.
You're scared that if you don't get in now, you won't get in at all. You're tempted to get in now at all costs.
Multiple economic indicators are pointing to softer housing market conditions Australia wide. The recent RPData Core Logic May home value index confirmed that capital gains trends have slowed with Sydney dwelling values remaining unchanged for the month of May. According to RPData Core Logic head of research, Tim Lawless, the market has lost momentum in our city, primarily due to affordability constraints, tighter credit policies, rising mortgage rates, and a downturn in consumer sentiment. The jury is still out on whether the housing market has peaked.
In my opinion, I do think the Sydney and Melbourne markets are at or near their peak for this growth cycle of 5 years of exceptional growth, but the Central Coast market still has some time to run. The Central Coast remains a very compelling market for an investment or lifestyle change for young families, now that Sydney has become difficult to afford.
I think we will see the pace of growth in property prices slow but not stop. Property prices will keep growing but at a lesser rate per year.
Locally, stock remains in tight supply and whilst buyer numbers have dropped, the number of purchasers still exceeds the stock available. Good quality property is still selling well and we continue to see great sales results.
Would we be correct in saying, most of us all love a good plan? And most importantly putting it into action and seeing it work its magic!
It’s no secret, in today’s day and age we all seem to be time poor and our to-do-list growing by the minute leaving us with little (or no) time to find that perfect new home. But what if we said, we have a solution and it comes in the form of…A PLAN!!
If given the chance to renovate one in four Aussies would start with the kitchen, research shows.
A realestate.com.au survey found 26% of Aussies would prioritise kitchen renovations over any other kind of renovation.
So if we're so keen to re-do our kitchens, do homes with killer kitchens sell for more?
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