21 Magazine | Winter 2018

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Century 21

M A G A Z I N E

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PUBLISHER

CONTRIBUTORS Geoff Barnett Emma Blomfield Cherie Barber Tim Davies Ivan Rakich Carolyn Parrella Chris Gray Bradley Beer

EDITORIAL ENQUIRIES Century 21 Australia (02) 8295 0600

WELCOME TO

THE WINTER EDITION OF

21 MAGAZINE

ADVERTISING ENQUIRIES Century 21 Australia (02) 8295 0600

DISCLAIMER We have in preparing this information used our best endeavours to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective buyers and sellers should make their own enquiries to verify the information contained herein. All information contained in the CENTURY 21 Australia Pty Ltd website is provided as a convenience to clients. All links to property prices displayed on the website are current at the time of issue, but may change at any time and are subject to availability.

For more information on our Privacy Policy please refer to: www.century21.com.au/privacy

C O N T E N T S W I N T E R

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WHAT’S IN STORE FOR AUSTRALIAN PROPERTY 04

ANYTIME COUPLES WORKOUT

Charles Tarbey gives his insights into the impact

Strengthen your body and your relationship with

first home buyers will have on the market.

Anytime’s couples workout.

TIPS FOR WINTER DECORATING

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SPOTLIGHT ON PRESS* FOOD AND WINE

The ever insightful Emma Blomfield gives some

TwentyOne visits an Adelaide crowd favourite.

help to refresh your home for the Winter season ahead.

5 TO-DOS IN YOUR WINTER GARDEN

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Tim Davies Landscaping have come up with these top five tips to help you embrace gardening in the cooler months.

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C H A I R M A N STAT E M E N T

WILL FIRST HOME BUYERS CREATE A SOFT LANDING FOR THE AUSTRALIAN PROPERTY MARKET?

BY C H A R L E S TA R B E Y

CHAIRMAN CENTURY 21 AUSTRALASIA

Trends across the March quarter showed that capital city home values were 0.9% lower over the quarter, while values across the regional markets tracked 1.1% higher. Interestingly, regional markets are now consistently outperforming the combined capitals, according to CoreLogic.

Six of the eight capital cities recorded a fall in values over the first quarter of 2018, ranging from a 1.8% drop in Sydney values to a 0.1% fall in Darwin.

At Century 21, we are noticing substantial increases in stock levels compared to the same periods last year. Increasing stock levels can often equate to decreasing prices and that is what we are seeing across most capital cities.

Increasing prices in regional areas is something we have forecast for some time and was a logical next step from the property boom that started in many major capital cities.

The new equity that is created around capital cities often flows outwards in a wave like effect.

Leaving regional markets to the side

for a moment, the combination of rising stock levels, falling property prices and tight lending conditions has many asking whether the property market – after many years of incredible growth – is in for a soft or hard landing.

To get a clue as to what the outcome may be, I believe it may be prudent to examine and watch the activity of the first home buyer segment.

In June last year, first home buyer levels were at almost record lows in many Australian states.

Despite low interest rates, sky high property prices in many markets were making it difficult for this group to enter the property market.

While it is difficult to save for a deposit under normal property

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market conditions, rising prices and stagnant wage growth made the situation even more difficult for many hopeful market entrants.

This issue created a dangerous situation where some first home buyers were using credit cards or personal loans for deposits.

Notably, the bank of ‘Mum and Dad’ became the fifth largest home loan lender in Australia last year.

Recognising this issue, some governments introduced new regulations to make it easier for this group to buy first homes. As an example, from 1 July last year, first home buyers in Australia’s two most populous states no longer have to pay stamp duty when buying properties below $650,000 in NSW and below $600,000 in Victoria.

These types of changes are likely having a dramatic impact on the activity and participation of this group in the market; and at a time when the market may need them the most.

ABS Data shows that the number of loans to first home buyers rose to a five-year high in November, 2017, to account for 18 per cent of total owner-occupied home borrowings.

Incredibly, in the last quarter of 2017, NAB analysis suggested that first home buyers accounted for almost two in five sales in new housing markets and around one in three in established markets.

What does this all mean for the housing market moving forward?

So long as first home buyer interest continues to build, interest rates

remain low and Governments continue to incentivise this group to buy property, first home buyers could play a key role in ensuring that property price growth only moderates or that the market experiences a ‘soft landing’.

many markets and they should look to be savvy, not emotional, buyers.

This means doing their research, defining a clear purchasing budget and ensuring that they take into account the potential for rising interest rates.

I think it remains important for governments to continue to realise the challenges this group faces and look to do everything in their power to help first home buyers enter the property market.

In the end, all market participants want a stable, sustainable and strong market. First home buyers are starting to get busy and will play a major role in making this happen.

Dropping the ball here could be detrimental to this group of people, the property market and even the wider economy.

At the same time, I believe it remains important for first home buyers to recognise that heat is coming out of

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ONLINE

APP REVIEW YOUR KIDS WILL LEARN AND LAUGH WITH THESE GREAT EDUCATIONAL APPS Kids have grown up as digital natives in a world of technology. They’re intuitive and familiar with phones and iPads, so why not allocate some of their screen time to the many educational apps that are on offer.

THE VERY HUNGRY CATERPILLAR PLAY AND EXPLORE

own art, or choose from the wide

Kids who grew up with the delightful

fill them in with paintbrush and

children’s book by Eric Carle will love this app. Early learners will love to play with the story’s beloved characters. Kids can make their

range of templates to colour in, trace along shapes to cut out and pencil tools. You can also save all the artworks to look back on later.

PRICE: FREE (WITH IN-APP PURCHASES)

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ALIEN ASSIGNMENT

opportunity to develop their problem

Kids can choose different words

Alien Assignment is a great problem-

solving skills, but also encourages

to explore where they’re given a

interactive learning as their parents

short time to hear and see a word,

walk them through each assignment,

before it’s scrambled up. Then they

explaining whether the items in

have to drag the scrambled letters

their photographs are the correct

into the outlines of the word. As

ones for their alien assignment.

they drag the letters, the kids will

PRICE: FREE (WITH IN-APP PURCHASES)

hear the name and sound of the

solving app for early learners. The Gloop family’s spaceship has broken down, and they need help to get their spaceship working again. Kids are sent on missions to explore their surroundings and take photos of “things that spin” or “something that holds liquid.” Once the kids complete the mission, they can then hand the device to a grown up to check their assignments. This app gives the kids not only a great

letters. They’ll also get a chance to practice putting them in sentences.

ENDLESS READER Endless reader introduces kids to sight words and phonic sounds to develop their early reading skills.

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This is the perfect app to help early learners discover the joy of reading.

PRICE: FREE (WITH IN-APP PURCHASES)

C21 NEW ZEALAND

NZ REGIONS STILL STRONG, CITIES STEADY

BY GEOFF BARNETT N AT I O N A L M A N AG E R C21 NEW ZEALAND

At Century 21’s Annual Awards Gala Dinner in Wellington recently it was abundantly clear that our global real estate company is continuing to grow and expand in New Zealand. Many of our salespeople and offices are doing well, particularly in the regions.

The Real Estate Institute of New Zealand’s data shows that the median house prices across New Zealand rose by 6.9 per cent in the year to February, with 14 out of 16 regions experiencing price increases in 12 months. If you exclude Auckland, the median house price for New Zealand rose even higher – an 8.4 per cent increase.

Hawke’s Bay experienced a record high price increase of 18.4 per cent. As REINZ stated, the region is proving “extremely popular” and in this issue of TwentyOne, Hawke’s Bay is featured.

While there remains a lot talk about Auckland real estate, REINZ’s figures point to continued, albeit moderate growth – with Auckland median house prices going up by 3.7 per cent in the 12 months to February.

This is a much more sustainable and realistic track for Australasia’s fastest growing city. The likes of the Waikato, Central North Island, Manawatu, Kapiti Coast, and Wellington have seen some good price escalation in recent years. In 2018 many areas are still seeing good growth, but generally we’re moving to a more normalised market than the double-digit growth many regions experienced in 2016 and 2017.

The Reserve Bank is anticipating ongoing relatively low interest rates over the next year, with many fixed rates still well under five per cent. In January, the Reserve Bank’s loanto-value ratios (LVR) restrictions were softened somewhat. However, I believe more needs to be done now.

The LVRs were introduced a few

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years ago to help cool what was a crazy Auckland housing market, and they have worked. What’s more a major residential building boom has also helped to address the city’s housing supply. Hence a review on the LVR restrictions now needs to happen as too many Auckland firsthome buyers are missing out when opportunities are abounding.

With rents still rising, for many securing a low interest rate now and buying would be a better option. But with most still needing a 20 per cent deposit, it’s impossible for many. In fact, for Auckland first-home buyers looking at the average priced house, the required deposit would be around $200,000.

From 1 January RBNZ undertook a modest easing of the deposit amounts required. No more than 15

per cent (was 10 per cent) of each bank’s new mortgage lending to owner occupiers can be at LVRs of more than 80 per cent.

While no more than five per cent of each bank’s new mortgage lending to residential property investors can be at LVRs of more than 65 per cent (was 60 per cent).

rates will likely motivate renters to enter the housing market, but what will enable them to act is a further reduction in the required deposits.

“The Reserve Bank is anticipating ongoing relatively low interest rates over the next year, with many fixed rates still well under five per cent. ”

Continual surging rents and low

Like many others, I’d like to see the Reserve Bank make first-home buyers totally exempt from such blanket high deposit requirements, much like new builds are.

Of course, they should still pay a deposit and their savings history and ability to service the mortgage

must still be heavily scrutinised.

However, such an exemption is unlikely to happen in the short-term.

Nonetheless it’s time first-home buyers got a fairer go.

My concern is not with investors as they can mostly structure their business and lending to make it work. It is young New Zealanders the RBNZ needs to consider. They should be able to take advantage of the low interest rates while they last, but they can’t even get out of the starting blocks because of the prohibitive deposit requirements still place.

When you then consider the lifestyle on offer and the overall lower cost of living, it’s not hard to see why regions like Hawke’s Bay are proving so popular.

ABOUT GEOFF BARNETT Geoff has been involved in the real estate industry for some 10 years. Prior to this he had over 30 years experience in business development and business management. Geoff has well-developed business networks and a thorough understanding of the day to day issues business owners face in running a successful business. Geoff is also very active in the community, he is a member of his local Lions club, and current regional manager of Camp Quality Auckland Northland. Camp Quality is an organisation which provides support for Children Living with Cancer and is a fully volunteer organisation. He is also a trustee of other community trusts.

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WATC H T H E THRONE

Welcome to the future of the real estate industry.

We’re calling out the industry we built. The estate agents of the world – with a charge to be better, starting with ourselves.

Because if we’re not willing to exceed the highest expectations of buyers and sellers, then we don’t deserve to be here at all.

We’re putting the industry on blast for the sake of the industry.

Our posture is that of a leader, not of a bully.

We’re a challenger – challenging agents to be better, challenging real estate companies to meet us on our level, and challenging homeowners to demand more.

We are the agents of the Century.

(09) 414 6041

C21.co.nz/Careers

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1300 24 21 21

C21.com.au/Future

HOME IDEAS

WINTER HOME IDEAS

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A ZANUI ANYA LINEN FRINGE CUSHION The Anya Linen Fringe Cushion from Zanui will accentuate your living room sofa with enduring style and softness.. Made from linen, the cushion adds a bohemian twist with its soft fringe. This piece is simple and versatile, with the soft colour easily complementing any existing décor.

PRICE: $39.95AUD

B L & M HOME MOSS TABLECLOTH

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Instil softness and casual style at your table with the washed linen of the L & M Moss Tablecloth available at Zanui. The table cloth has been handmade by skilled artisans in India and boasts exceptional craftsmanship and quality. The tablecloth will add a touch of refinement to your everyday dining or special occasion.

PRICE: $129.95 AUD

C ZANUI MILO COTTON KNITTED THROW The Zanui Milo Cotton Knitted Throw is extremely versatile – you can snuggle up and walk around the house with the throw draped over you, or layer your lounge setting with its warmth and cosiness. The cotton is super soft, and makes the throw an ideal piece to huddle up with a book and a piping hot tea.

PRICE: $129.95 AUD

C

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D INARTISAN RIINA REINDEER HIDE

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Instil some Scandinavian style into your home with the Riina Reindeer Hide available at Zanui. The natural colour of the hide brings an effortless Nordic, rustic charm to your living area. The hide is sourced sustainably from Finland, and each piece is unique, with colour and pattern variations due to the natural disposition of the animal.

PRICE: FROM $489.00 AUD

E ZANUI LOLA QUILTED ROUND CUSHION For those looking for something a little different, the Zanui Lola Quilted Round Cushion is for you. Soften your bedroom look with the light quilting and cosy good looks of the Lola Quilted Round Cushion from Zanui. The subtle pink hue will be a chic addition to any living space.

PRICE: $49.95 AUD

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F HEIM & CO ICELANDIC SHEEPSKIN RUG This lush Icelandic Sheepskin Rug by Heim & Co is exclusively available at Zanui. The sheepskin has been sourced sustainably and has a dual fleece of long and short fur, giving the rug a luxurious, textural feel. The warm copper tones with streaks of caramel provide your home with natural warmth. This piece is perfect for your reading nook, under your desk, or draped over a chair or bench.

PRICE: $164.95 AUD

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INTERIORS

TIPS FOR WINTER DECORATING EMMA BLOMFIELD TRANSFORMS YOUR HOME INTO A WINTER HAVEN The northern hemisphere heralds the arrival of winter with the magic of Christmas, snowflakes and the occasional blizzard… As magical as snow is I’ve always been grateful that Australian winters are milder in comparison and require only a few minor adjustments to everyday life – no snow ploughs to get to work or flight delays because of black ice on the runway.

Although, I wouldn’t mind a snow day to stay home from work!

For us in the southern hemisphere, winter usually means a few key changes around the house to adapt to the cooler weather. Apparently we are in for an exceptionally cool winter in 2018 so I’ve curated a list of things you’ll need to think about changing around the house before winter truly hits!

Emma Blomfield is an interior stylist and homewares buyer. Emma is passionate about making decorating affordable and accessible to all Australians. Emma’s decorating services are available not only in the Sydney metro area but also rural and regional towns for people looking for a more hands on decorating approach. Emma runs regular decorating workshops around the country helping her students to become more empowered in their decorating choices. www.emmablomfield.com

1. INVEST IN A THICKER DOONA INSERT. Bedtime is usually when you start to notice the weather is really changing and you reach for a blanket to add to the bed linen layers. I managed to get through the whole winter season last year with just a doona and a sheet because I invested in a heavier weight doona. It made the biggest difference and meant I didn’t need any additional blankets on the bed either. Ensure you’re opting for natural material inserts like wool or feather.

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ABOUT EMMA BLOMFIELD

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INTERIORS

2. ADD SOME THROW RUGS AROUND THE HOUSE. Snuggling on the sofa is not the same in winter without another layer over you. I’ve got two or three throw rugs that come out in the winter months that are a little bit thicker than my summer throw rugs (the summer throws are usually cotton, whereas the winter throws tend to be a cotton and wool blend for extra warmth). Don’t forget to add a throw rug to the end of your bed too to make it extra cosy.

3. CANDLES HAVE A LOVELY AMBIENT FEEL WHEN LIT IN THE EVENINGS. Since it starts to get darker earlier in winter, a few candles on your coffee table are a lovely touch. I also pop a candle in the bathroom when I’m expecting guests too.

4. DOORMATS FOR RAINY DAYS Winter weather usually features a fair amount of rainy days so preparing your entryway for the rain is great forward planning. Things you’ll need include a doormat for muddy or wet boots, an umbrella stand and perhaps a shoe rack to store boots and gumboots.

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5. BUFFET OR COFFEE TABLE Create a winter themed vignette on a buffet table or coffee table. Use a tray to collect up to five items that signify winter to you. I like to collect found objects like birds’ nests or feathers so I place a few of these on a tray and add candles in jars, a stack of books and a few little brass trinkets around them. When the season changes I swap out some of the more wintery feeling items for spring themed pieces.

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R E N O VAT I O N

5 MYTHS OF PROPERTY RENOVATING CHERIE BARBER BUSTS SOME COMMON MISCONCEPTIONS

You only have to look at the property landscape across Australia over the last five years to see there’s no such thing as a single property market.

People can still make money in cities like Perth, where prices have plummeted post the mining boom, and can lose money in buoyant cities like Sydney and Melbourne.

ABOUT CHERIE BARBER Cherie Barber is the renovation expert on TEN’s The Living Room and owner of Renovating for Profit, a company that teaches anyone how to buy and renovate properties for profit. www.renovatingforprofit.com.au

It all depends on finding the right property, in the right suburb and picking it up for the right price – then doing a carefully calculated renovation. When all the ducks are lined up, that’s when you have a winner on your hands. Those suburbs and regions are sprinkled around in pockets across the country. It’s just a matter of doing the market research and crunching the numbers to find them.

However, such a large investment of money comes with inherent risk. Purchase the wrong property in the wrong suburb top it off by overcapitalising on the renovation, and it can all go horribly wrong. There are several myths around making money through property. Here are five I’d like to debunk.

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MYTH #1 ANY PROPERTY PURCHASE IS A WINNER I’ve seen some people put about as much research and footwork into buying an $800,000+property as they would a new washing machine.

Then, when it’s too late, they realise they’ve made a spectacularly bad purchasing decision. They’ve bought in a bad area, the property has defects that will cost a fortune to rectify, there’s a major development going ahead across the road, the local planning laws rule out the renovations they had in mind… As the saying goes, act in haste, repent at leisure.

MYTH #2 ALL FIXER-UPPERS ARE POTENTIAL GOLD MINES Just because the property is unrenovated, does not mean you’ll automatically make a fortune doing it up. In fact, you can easily lose money with the wrong renovation on a dud buy. The importance of “pricing disparity” is something I drive home in my Renovating For Profit course: that is, the gap between renovated and unrenovated versions of the same type of property in a suburb. If the unrenovated versions are going for similar prices as the spruced up ones, then there’s little to gain from renovating in that suburb. Move on.

BEFORE

MYTH #3 YOU’LL NEVER FIND A BARGAIN IN A BOOM In over 20 years of renovating, I’ve bought and sold property through every cycle of peaks and troughs – and never lost money. The basic rules of what to buy and where to buy never change; but you’ll need to intensify your efforts and the haste with which you pounce on those gems in a boom period. The market is competitive, sellers can pick and choose, and good stock won’t last.

So you need to be decisive, act quickly when you find something that ticks all the boxes, and be flexible with your terms and your price. Slow and steady won’t win this race!

AFTER

Taking down walls to create open plan is a winner with buyers. The kitchen has been moved to the other side of the room to create a better flow and allow an open plan kitchen/dining/living area.

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R E N O VAT I O N BEFORE

MYTH #2 ALL FIXER-UPPERS ARE POTENTIAL GOLD MINES Just because the property is unrenovated, does not mean you’ll automatically make a fortune doing it up. In fact, you can easily lose money with the wrong renovation on a dud buy.

The importance of “pricing disparity” is something I drive home in my Renovating For Profit course: that is, the gap between renovated and unrenovated versions of the same type of property in a suburb. If the unrenovated versions are going for similar prices as the spruced up ones, then there’s little to gain from renovating in that suburb.

AFTER

MYTH #3 YOU’LL NEVER FIND A BARGAIN IN A BOOM In over 20 years of renovating, I’ve bought and sold property through every cycle of peaks and troughs – and never lost money. The basic rules of what to buy and where to buy never change; but you’ll need to intensify your efforts and the haste with which you pounce on those gems in a boom period.

The market is competitive, sellers can pick and choose, and good stock won’t last. So you need to be decisive, act quickly when you find something that ticks all the boxes, and be flexible with your terms and your price. Slow and steady won’t win this race!

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AFTER

BEFORE

AFTER

Adding a bedroom is a great way to add value. Here, a new internal bedroom was created in the space where the original kitchen was. The new kitchen now sits beside the window, flooded with natural light

BEFORE

AFTER

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GARDENING

EMBRACE WINTER

GARDENING IN THE COOLER MONTHS Winter is an ideal time to step outdoors and spend some time in nature. After-all, giving your outdoor areas some attention can clear your head, boost your mood and allow you to reap the benefits of creating a beautiful outdoor space. Whilst the plant growth may have slowed, there are important jobs which need completing. The team at Tim Davies Landscaping have come up with these top five tips to help you embrace gardening in the cooler months:

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1. CLEARING AND RAKING Raking leaves and clearing away organic material can be as cleansing as cleaning out your closet.

Removing debris that may harbour pests, disease or promote rot is essential to winter gardening. Just think, you won’t even break a sweat as you enjoy a mini workout in the cooler temperature. Winter may also make some hard surfaces slippery, so you may need to pressure clean some paths to complete your garden cleanse.

2. PRUNING Winter can be the ideal time to prune deciduous plants as it promotes fast regrowth in the spring.

A complete hard cut back of your roses or frangipani tree will mean you will have beautiful blooms for September. You can also apply treatments to your roses to combat pests and diseases.

3. COMPOSTING At this time of year, it’s important to feed your soil in preparation for spring. Applying some wonderful organic compost products and other soil additives will encourage your garden to flourish later in the year.

4. WEEDING, CULTIVATING AND MULCHING Weeding your garden early winter is ideal because weeds tend to be smaller and not rooted deeply in the soil. Lightly cultivating your soil by breaking it up can improve air and water movement through the soil profile. Mulching may also be necessary to protect some plants from the harsher winter conditions.

5. PLANTING

ABOUT TDL

Now is the time to plant some stunning flowering plants like snowdrops, bergenia or lavender.

Check with your local nursery to select the right plants for your conditions and garden design.

Perhaps an edible garden appeals to you. Dill, mint, oregano, sage, coriander and thyme thrive in the

Tim Davies Landscaping (TDL) has been an awardwinning style leader in the Western Australian landscaping industry for over 30 years. Our focus is listening to you, our client and working with you to create an individual and unique garden. Our services include design, construction, project management, tree care and maintenance including all aspects of horticultural care.

winter months.

Whether your project is residential or commercial, our passion is turning your vision into reality and creating “a garden for life�.

To find out more, visit: www.tdl.com.au or call +61 8 9441 0200.

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FITNESS

ANYTIME COUPLES WORKOUT STRENGTHEN YOUR BODY AND YOUR RELATIONSHIP WITH ANYTIME’S COUPLES WORKOUT Studies show that after couples participated in an exciting physical challenge or activity, they felt more satisfied with their relationships and more in love with their partner (Aron, Norman, Aron, & Heyman, 2000).

Exercise is a perfect example of the type of invigorating activity that can have these positive effects. The sweaty hands, racing pulse, shortness of breath all mirror the thrill of romantic attraction, and will get you and your partner feeling HOT. Kate Allott, National Fitness Manager at Anytime Fitness has put together a workout to benefit both your health and your relationship.

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FITNESS BACK TO BACK SQUATS WITH ROTATIONAL MEDICINE BALL PASS Back to Back Squats require constant willpower from each partner. If one of you stops the motion, the exercise can’t be completed. “You have to motivate and support each other,” says Kate.

1. Stand back to back with your partner with your feet out in front of you 2. Squat down together and ensure your knees are over your ankles • Slowly twist to one side, handing the ball off to your partner (who should be turning towards you) 3. Then twist to the other side as they turn to hand the ball back to you 4. Continue passing the ball in this direction for 30 seconds, and then repeat the exercise in reverse

PUSH UP HIGH FIVE 1. Face your partner arms length apart. Get in push-up position, hands directly under your shoulders, legs extended and abs engaged 2. Do a push-up, bending elbows 90 degrees. Push back up to starting position and give each other a low five, extending arm straight out 3. Be sure to keep your hips as square as possible at all times 4. Complete reps until fatigued

PLYOMETRIC LUNGE

legs parallel to each other 3. In unison, jump and switch legs, trying to stay the same distance from one another 4. Complete 10-12 reps, for 3 sets

WHEELBARROW PUSH-UP WITH SQUAT 1. Start in the top of a push-up, and have your partner hold your feet in their hands 2. Brace your core, and do as many push-ups as you can while maintaining form

“This exercise requires precise coordination with your partner, making you perfectly in sync,” says Kate.

3. As you lower yourself down, your partner should simultaneously lower into a squat, keeping his or her arms straight and engaging their butt muscles

1. Stand facing your partner, about an arm’s length apart

4. Each of you should do 10-20 reps in each position

2. Lunge forward with your right leg as your partner lunges forward with their right at the same time, your

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FITNESS SQUAT AND DIP

CRUNCH AND PASS

1. Have your partner to a wall squat (lean back against a wall and slide down the wall into a squat until their thighs are parallel to the floor and their knees are directly over their ankles)

1. Sit on the floor facing each other, legs straight and feet touching

2. Your partner’s arms should be raised out in front, with their shoulders pressed against the wall 3. Meanwhile, you should stand 12 to 18 inches in front of your partner, facing away from them. Squat, then rest you palms on their knees, fingers facing forward to do the dips

2. Bend knees slightly and place one foot inside your partners feet, while they do the same 3. With one partner holding a medicine ball, both crunch simultaneously 4. Pass the ball at the top of each crunch

BONUS FOR OUR SUPER FIT COUPLES: PARTNER PISTOL SQUAT 1. Stand and face your partner, arm’s length apart 2. Hold your partner’s right hand in fireman’s grip 3. Raise your right foot off the floor slightly with leg straight, so the outside of your right ankle faces your partners 4. Slowly lower into a squat simultaneously and slowly come back to standing 5. Try 5 reps on each leg; remember the key to this one is control!

4. Lower yourself by bending your elbows at a 90-degree angle and ensure they point back towards your partner (you should feel it in the back of your arms), then press up back to start 5. Do 20 reps as your partner holds his or her squat, then switch positions

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BREAK UP YOUR WORK DAY AND GET MOVING

Many people spend long hours sitting at their desk each day, whether they are working in an office or working from home. Many health experts have warned that too much sitting down may have some adverse impacts on your cardiovascular health, so TwentyOne has gathered some useful exercises (or desk-ercises) to help raise your heart rate and squeeze in some incidental exercise during the working day.

THE STAIR MASTER Popping down for a coffee? Time to take the stairs. You’ve been sitting down all day so you should jump at any chance to stretch your legs. If you really want to feel the burn, take the stairs two at a time as you come up so you can get your heart rate going a little.

DESK STRETCHES There are plenty of stretches you can do right at your desk without attracting too much attention.

Always give your neck a nice stretch out from time to time. All you have to do is sit up straight and drop your

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left ear to your left shoulder, hold for a few seconds and then repeat on the other side.

Another easy stretch you can do is just interlace your fingers, with your palms facing upwards and stretch as if you’re pulling yourself up towards the sky.

You can also stretch out your glutes while sitting down. Just bring your right ankle to your left knee and gently press your knee down. Swap sides and repeat – easy!

DESKERCISE

LUNGE

TRICEP DIPS

You can do lunges at your desk, down the hallway or on your way to the kitchen. Bring one leg in front of the other in a wide stride, and dip your back knee towards the ground as you do so. Do ten reps on each leg.

Tricep dips are simple to do if you can find a flat surface, such as your desk. Turn your body away from the desk while standing. Place your hands about shoulder-width apart on the desk, then shuffle your legs out away from the desk as you lean back with your weight in your

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arms. Slowly bend your elbows and lower your body towards the floor until your elbows are at about a 90 degree angle. Then press down onto your desk and raise your body again, but make sure to keep your shoulders down as you’re coming up.

T R AV E L

INSTA INSPIRATION

FIVE INSTAGRAM PROFILES THAT ARE WORTH FOLLOWING @DROOLWORTHYWORLD

@ESTHEROLSSON

@TARAMILKTEA

As the username suggests, this Instagram will leave you drooling over all the delicious foods on display. The feed is filled with enticing photos of culinary delights, and will inspire you to try new and wonderful foods. From food trucks to fine dining, the adventurous duo behind the Instagram account will never say no to good food, no matter what.

Esther Olsson is an emerging artist hailing from Melbourne. She’s known for her vibrant, folksy paintings and illustrations. Her Instagram gives you a unique glimpse into the artist’s creative vision, which sees animals and plants acting as recurring motifs and is filled with references to

Esther Olsson is an emerging artist hailing from Melbourne. She’s known for her vibrant, folksy paintings and illustrations. Her Instagram gives you a unique glimpse into the artist’s creative vision, which sees animals and plants acting as recurring motifs and is filled with references to popular culture.

popular culture.

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@WORLDPRESSPHOTO The renowned Word Press Photo exhibition travels the world, and is shown worldwide in 100 cities and 45 countries. Until it reaches a city near your, follow snippets of their iconic and award-winning photographs through their Instagram page. Many of the moments captured in the images unveil a topical, controversial, inspiring or emotional story and will be sure to provoke thought.

@YUNGJAKE ‘Emojis’ have infiltrated modern communication and many of us love using these tiny emotive faces and pictures to express ourselves in the digital world. Yung Jake has taken this expression to the next level as he creates portraits of famous faces or characters made entirely of different Emojis. This rapper turned artist is really bringing the digital to life and you’ll be amazed at the likeness of the portraits.

@CENTURY21AUSTRALIA For all the latest real estate updates around the country, follow Century 21 Australia. Get interior inspiration, find out what’s happening at your local Century 21 office, and stay up to date with the property market

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NEW ZEALAND

PROFILE: CENTURY 21 ALBANY CENTURY 21 REACHES OUT TO ALBANY COMMUNITY It has been three years since Century 21 opened in the old Albany village, just north of Auckland.

Former Minister of Foreign Affairs and local MP Hon Murray McCully cut the ribbon on the new franchise.

Back then franchise owner Ivan Rakich had employed just one other salesperson. Now Century 21 Darrak Realty boasts nine agents and one administrator, with the Albany office focused on delivering great service and supporting the community it serves.

coming up with what is effectively a sunflower growing competition.

The kids love it. They get the seeds, a chart to map their growth, and the winners get a certificate. Not only does it teach them about growing plants, but it creates a great sense of competition.

“There’s nothing more grass roots than local rugby and local primary schools and as a family-orientated company we’re committed to both,” says Ivan Rakich.

Darrak Realty has won plenty of Century 21 awards over the past couple of years, and Ivan Rakich is determined to one day take out the number one office in New Zealand title. However, he says what’s brought him the most satisfaction in recent months has been two local initiatives the company has taken on.

Launching ‘Sunflowers for Schools’ across North Shore primary schools, the promotion has been the brainchild of local Century 21 salespeople Vini Stockman and Olena Medvedieva.

“I’m so proud of my colleagues for

“We’ve already had a number of local schools put their hands up this year. It’s only getting bigger and in fact our Century 21 bosses are looking at possibly adopting the promotion across Australasia in the future,” says Mr Rakich.

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Harbour Rugby & Sports Club, based at QBE Stadium. He says they have signed a nine-year agreement, taking over from Toyota.

When he opened the office in 2015, Mr Rakich had to hit the ground running with the Auckland real estate market hot. While temperatures may have eased somewhat, he says the Albany area continues to enjoy unrelenting growth while the wider North Shore area will always remain a very popular and desirable Auckland location.

“Our growth in the past couple of years can be solely attributed to the fact that we have brought on great salespeople. In fact, Ryan Mitchell who’s been with me since day one is now Century 21’s number one agent in the country.

We may not be the biggest real estate office in Albany, but as far as sales per agent, I’d say we’re equal if not better than the local competition.”

At 66, Ivan Rakich is no newbie to real estate. He has over 40 years’ experience in sales and marketing and was instrumental in building some of the best teams in real estate on the North Shore over many years.

“I’ve learnt over the years that great

real estate agents are born not made, and I’m just fortunate our Albany office has attracted plenty of natural talent.”

love Century 21’s massive global reach which sees us getting emails and phone enquiries from all around the world every day.”

Century 21 Darrak Realty is proud to be one of Safari Group’s main sellers for their Ramada hotels and suites across the country. The franchise has also just been signed as one of the main sellers for Conrad Properties, one of New Zealand’s biggest residential builders with a focus on the Auckland CBD.

“We pride ourselves on securing great listings, however the one issue we’re currently seeing out there is banks often refusing to finance buyers.

“People are not only waking up to the advantages of apartment living, more retired Kiwis for example are investing in the likes of serviced apartments which can deliver a solid and guaranteed long-term yield.

These companies we’re working with

an ongoing highlight, as is the joy of handing over the keys to excited new owners.

“We’ve had some great early wins, but we don’t want to grow into a huge office. We want to retain a strong focus on delivering a quality yet personalised service,” says Ivan Rakich.

“It’s really tough for young people to get into today’s market, but let’s not forget it has always been tough to buy a house. Forty-five years ago I struggled to borrow $8,000 for our first house despite having a good full-time job and a good deposit.”

He says as well as connecting to the Albany community, helping every day local homeowners successfully market and sell their houses remains

CONTACT US Owner - Ivan Rakich, Century 21 Darrak Realty – (022) 6169913 (pictured above) Geoff Barnett – National Manager, Century 21 New Zealand - (021) 927-402 www.century21.co.nz

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NEW ZEALAND

HAWKE’S BAY WHY YOU SHOULD EXPLORE NEW ZEALAND’S OLDEST WINE REGION Named by Captain James Cook and now internationally recognised for its award-winning wines, Hawke’s Bay sits on the East Coast of the North Island.

Hawke’s Bay is not only New Zealand’s oldest wine region but its second largest, behind Marlborough. Local wine growers will tell you that the key to the region’s success is the fact that it’s located 39.4°S, with its warm and dry climate described as Bordeaux-like.

Today, Hawke’s Bay is the country’s leading producer of full-bodied red wines, as well as specialising in rich, complex Chardonnays.

With over 70 wineries across the region, wine is not only an integral part of the visitor experience but an important pillar of the Hawke’s Bay economy. Increasing numbers of New Zealanders and international visitors are taking to exploring its spectacular vineyard countryside, enjoying the welcoming hospitality of the wineries and cellar doors.

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More and more people are also choosing to live in the beautiful region with the Real Estate Institute of New Zealand reporting earlier this year that the Hawke’s Bay median house price achieved a record high, impressively increasing by 18.4 per cent in just 12 months.

New Zealand’s Art Deco capital, Napier, celebrates the annual festival in February with over 200 events. Old jazz tunes blast from the street corners, and there’s outdoor concerts, vintage car parades, fashions shows, dining experiences, and great Gatsby picnics.

As well as great weather and worldclass wine, Hawke’s Bay boasts many outstanding natural attractions including the glorious beaches that stretch along the coast. The region also hosts a number of popular events, the best known being the Hawke’s Bay Art Deco Festival which thousands flock to each year.

In fact, over 40,000 people come from all over the world to see Napier transform back in time and revel in the 1930s atmosphere created in the heart of the city.

Dubbed a dress up party like no other, the next Art Deco Festival will take place from 13 to 17 February 2019. Fox furs, boaters and beads

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will again be the order of the day Hawke’s Bay’s strong and enduring Art Deco vibe is due to the significant rebuild showcasing period architecture that took place in the 1930s. This followed a devastating 7.8 magnitude earthquake in 1931 which destroyed much of central Napier. Today the city has some of the best examples of Art Deco buildings you’ll see anywhere in the world.

It’s easy to see why Hawke’s Bay has become one of New Zealand’s best loved regions.

FASHION

FIVE WINTER FASHION ESSENTIALS Having a few reliable wardrobe basics can make your life much easier when you have those “I have nothing to wear” or “I hate all the clothes I have” moments. An ideal wardrobe is one that is versatile, timeless and contains well-made, quality pieces that last.

Here are five staple pieces that you should invest in this winter:

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THE TIMELESS PIECES THAT YOUR WARDROBE NEEDS

1. BLAZER

3. TAILORED PANTS

5. CASHMERE SWEATER

A fitted blazer in a neutral colour such as navy, black or grey is a staple that everyone should have in their wardrobe. Whether it’s to work, from desk to drinks, at cocktail parties or worn casually paired down with jeans, a blazer is a versatile piece that can effortlessly take you from day to night, and from work to play.

A pair of pants that not only fit, but fit well are a worthy investment.

Ideally, you should choose a pair that is versatile, made of a breathable fabric, and in a neutral colour such as black or navy. This way you can build your outfit from a simple colour palette. If it’s a good quality piece, it’s worth spending the money to get it tailored to fit you perfectly.

Timeless and functional, a cashmere sweater is a wardrobe essential.

Cashmere is soft, lightweight and will keep you warm, and it generally keeps its shape through wear if you look after it. It’s a luxury item, but one that is worth the investment as it will be great for chilly winters or overseas travels. A classic sweater will be put to good use simply because it’s so versatile.

2. DESERT BOOTS

4. WHITE T-SHIRT

Desert boots are comfortable and can be dressed up or dressed down.

Men can dress up desert boots with a tailored suit or a pair of jeans, and women can pair them with everything from dresses to denim shorts in the summer. They give a modern twist to any outfit and are a good alternative to classic shoes or the standard leather boot for winter.

A crisp, white tee is a wardrobe staple for all. It’s a timeless look that can go with virtually anything and can easily be layered up in the cooler months. Wear it to your neighbour’s barbecue, to brunch, or more dressed up events coupled with a blazer or statement pieces of jewellery. Invest in a good quality cotton t-shirt in a relaxed fit, and if you pay close attention to washing instructions, it will likely last you for a long time.

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WINE

SECRETS OF A SOMMELIER TWENTYONE LEARNS HOW TO APPRECIATE A TOP DROP Whether it’s a crisp white on a cool summer night or a bodily red accompanying a dinner with friends, wine has the unique ability to bring people together. While wine is the second most consumed alcoholic drink, how much do Australians really know about their favoured glass?

TwentyOne sat down and spoke to sommelier and wine expert, Ben Moechter, to learn about the ins and outs of how to find the best drop – from choosing the right wine, how to serve it, and some of the up and coming regions to find your new favourites.

Ben started his career as a sommelier in some of Sydney’s

top restaurants in the 90’s. As his knowledge and love of wine grew, he eventually began working as a wine and food journalist and an independent wine educator.

“Many sommeliers only work in a restaurant and usually start out with dinner. Not being content with this view of the role of sommelier, I also assist people at home with catering.

You can go further than this too, as nowadays I also provide advice to wineries and distilleries and teach at private and government schools.

Education covers everything from career paths to cocktail and barista training. It is a diverse field with service and education at its heart,” says Ben.

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Ben believes the skills he acquired as a sommelier are extremely valuable.

“The skills you acquire, when working in restaurants, bars and cafés are ‘transportable’. Many skill-sets and courses are now internationally recognised. They are useful travelling tools to open doors to employment which means you never have to stop learning,” says Ben. Up until recently, he ran his own Spanish restaurant, wine bar and wine store in Sydney for twelve years, only to leave it in the hands of his family to pursue his career as a full-time wine consultant and columnist.

WINE FOR BEGINNERS There are so many wines to choose from, it can be difficult knowing where to start. There are plenty of different factors to consider – however simply, whites can be unoaked and reds are usually oaked.

Reds have more tannin (which makes a wine dry), while whites take less time to make and involve less ‘processing’ in a winery. As the inaugural national president

of Sommeliers Australia, there is no better candidate to guide you through the complexities of drinking and serving wine than Ben Moechter.

When you first start dipping your toes into the world of wine, Ben recommends starting cheap and looking to spend more on wine once you learn more about it.

“Good, cheap wine is common these days. Start by trying different grape varieties and find the styles

and varieties you like. As you gain experience, start looking at different regions. First in Australia and then the world; there’s an ocean of wine to try.

“Just get started and don’t be scared to try something new and leave your comfort zone. Travelling with your palate and exploring new tastes is like jumping on a plane and going somewhere new. You just never know what you’ll find.”

To get you started, Ben gave TwentyOne a quick flavour profile of some of the most popular wines.

Chardonnay Pinot Grigio Riesling Moscato Sauvignon Blanc Cabernet Sauvignon Merlot Pinot Noir

Peachy, complex, layered Bright, light and zippy Citrusy, dry and a little tart Gently sweet, floral and spritzy Passionfruit-y, tropical and slurpy Full flavoured, complex and powerful Plummy, herby, mellow Slinky, silky, moreish

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WINE

SERVING WINE

wine smell and taste better, and smoother.”

When it comes to glassware, some may be perplexed by the range of different vessels and which wine they should be matched to.

Having given his tips for the best ways to serve different wines, Ben also told TwentyOne what not to do when it comes to serving a glass.

Ben says he prefers larger glassware for reds.

“Don’t serve reds at room temperature in Australia, except in winter. Use your fridge to bring the wines to a more “cellar-style” temperature,” says Ben.

“I like to swirl and nose [smell deeply] them,” he says.

Ben says smaller glasses will also work well with white wines.

“I also like to smell whites as they warm in the glass but they don’t often need the same volume to do so.”

“I serve whites cool but not cold. I usually take them from the fridge and set on the bench for a few minutes before serving them, usually till condensation starts to appear on the bottle.

“For reds, I like to serve cool rather than warm (it can be way too warm in summer to serve reds at room temperature, without an air conditioned environment) so often I will pop them in the fridge for 5-10 minutes before serving them.

“Whites usually can be served straight from the bottle but if I can, I will decant a red. For a start, they are usually a bit older than whites.

Time in the barrel usually gives them some extra age. They actually like a little air.

“If I can’t find a decanter it’s no problem as I will use a water jug. 5-10 minutes decanting time (exposure to air) will help a

Many people believe that chilling a white wine will improve it, however Ben says that only poorly made wines will benefit from being served too cold.

“The warmer a white, the more you can taste.”

Although he concedes, “I agree with the philosophy that you serve whites whatever way you like to drink them.

For example, ice cubes in wine is fine.”

Different climates and regions can impact the quality and taste of a wine, often creating a journey in a glass tasting local regions or others much farther away.

Ben says that cool climates extend the growing season, and means the grapes take longer to ripen and hang on the grape vine longer.

“They (the grapes) mature more evenly. This gives them greater balance (sugar versus acid), acidity and finesse. This is all about quality.

It makes for longer lived wines in the cellar more often than not.”

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In hot climates, Ben says that the grapes may ripen too quickly and lack balance. “Usually they don’t cellar well but are generous wines to drink while they are young.”

Ben says there are many wine gems in Australia too, and believes that wine ‘hotspots’ are emerging all over places such as New South Wales and Tasmania.

“New South Wales wineries are getting better and better. It’s not just about the Hunter Valley anymore – there are plenty of gems in Orange and Mudgee.

“The whole state of Tasmania is one wine region and a place that makes fantastic wines. They aren’t as cheap as the mainland but they are all about quality, not quantity.”

WINE PERSONALITY

REGIONAL WINES

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Ben says moderate climate wines are good all-rounders. “You can drink them now or later.”

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It’s safe to say that taste in wine can greatly differ from person to person.

Some are ‘red’ people, some are ‘white’ people, whilst others will have an all-round appreciation.

When asked if he were a wine, which one would he be, Ben said, “I would probably be unoaked, I don’t like being locked in with my work.

Probably a wine made of the white Riesling grape as I can be sweet or subtle, sometimes sour or acerbic.

Tall and relatively slender ‘packaging’ and I plan to be long lived and build complexity. Best suited to Australia, France and Germany but can travel!

FOOD

SEMUR DAGING INDONESIAN SPICED BRAISED BEEF WITH SAMBAL INGREDIENTS

METHOD

TIPS

2Kg beef chuck/beef cheeks, cut into chunks

1. Boil the baby potatoes in a large pot, cook until tender and set aside.

8 tablespoon of vegetable oil

2. To make spice paste for the semur, place all ingredients into a food processor and make into a fine paste.

• We normally cook inside the pressure cooker for 40 minutes and then open it and check to see if it needs to cook for longer. Making sure there is enough liquid in the pot so that it doesn’t burn.

3 tomatoes, quartered 5 cardamom seeds 6 cloves 1 lemongrass, bruised 2 bay leaves 1 cinnamon stick 1 litre of hot water 4 cubes of beef stock 5 tablespoon of Kecap Manis (sweet soy, ABC brand), (add 4 first then 1 tablespoon after pressure cooked) ½ teaspoon of freshly grated nutmeg 500 ml of hot water 12 baby potatoes Salt and black pepper, to taste

SEMUR SPICE PASTE 155 grams shallots 33 grams garlic cloves 44 grams roasted candlenuts

3. Heat oil in a large pressure cooker pot and add the cardamom, cinnamon, cloves, bay leaves and lemongrass. Cook until fragrant and cardamom seeds begin to bursts.

5. Dry the meat using a paper towel and brown the meat inside the pot.

6. Meanwhile, make the stock liquid by dissolving 4 cubes of beef stock into 1L of water.

7. Add the tomatoes, 4 tablespoons of Kecap Manis, nutmeg into the pot and add the stock liquid and bring to a boil.

8. Place the lid of the pressure cooker and cook inside the pressure cooker for 40 minutes, or until tender.

9. Once beef is tender, continue to cook the sauce without the lid.

Salt and black pepper, to taste

10. Add the potatoes to the stew.

SAMBAL

11. Add more liquid if required and 1 tablespoon of Kecap Manis. Season with salt, pepper, and more nutmeg if required.

1 shallot 2 garlic cloves 10 grams terasi (shrimp paste) 20 red bird eye chilies 5 big red chillies 20 grams palm sugar, chopped roughly 1 teaspoon of salt

• Kecap Manis can be found at your local supermarket - look for the ABC brand.

4. Add the semur spice paste and cook until fragrant and brown. Make sure to stir constantly so that it doesn’t burn and stick to the pot.

27 grams fresh ginger

1½ tomatoes, quartered and deseeded

• Cook the potatoes separately and add to the stew.

12. To make the sambal, place all fresh ingredients in a pot and boil until tender and colour has slightly changed. Place all ingredients in a food processor, add the palm sugar, shrimp paste and salt and blitz roughly. Add the kaffir lime juice to taste.

13. Serve beef semur with sambal and side of hot steamed rice. Serve warm.

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PREP

20 MINS

COOK

90 MINS

SERVES 6

FOOD

SPOTLIGHT ON PRESS* FOOD & WINE TWENTYONE VISITS AN ADELAIDE CROWD FAVOURITE. Press* Food & Wine is an Adelaide foodie favourite run by seasoned professionals of the restaurant business. TwentyOne speaks to Head Chef Andrew Davies to find out more about the delectable offerings at Press* and what makes the restaurant unique.

The central focus of the restaurant is the prized custom-built wood grill. “We cook over red-gum which

imparts amazing character to meat, seafood and you can completely transform vegetables,” said Davies.

The food that you can find at Press* is seasonal and local. “Inspiration can come from many places - the weather, the market, travel, books, another restaurant or chef, or from one of our passionate growers or suppliers talking to us about their product,” said Davies.

Press* specialises in the use of the wood grill, and even age their own meats. The restaurant also has one of the most extensive wine lists in South Australia, so you’ll be spoilt for choice.

A must-try on the menu is the wood-grilled rib cap with bone marrow sauce, fresh horseradish and watercress. “It is a great cut of meat that has both a terrific flavour and texture,” said Davies.

When the months start cooling, diners can expect a crowd favourite to reappear on the menu. “Our signature 6- hour braised beef brisket with macaroni & cheese will re-appear on the menu in the cooler months. Diners get very excited when this rich, warming dish returns,” said Davies.

What makes Press* unique is the availability of the full menu at all times.

“Our kitchen stays open all day with the full menu available. So if you’re after a 4-course tasting menu at 3.30pm or just a snack and a glass of wine, Press* is your go-to,” said Davies.

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CONTACT US 40 Waymouth St, Adelaide SA 5000

“As well as reservations being taken for our first floor restaurant, we welcome diners to come without a booking and dine with us at ground level at any time.”

(08) 8211 8048

If you ever find yourself waiting, there’s also a wine bar, Proof, just out the back.

Whatever the time of the day, and whatever you feel like eating, you’ll be able to find something that delights your tastebuds at Press*

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INVESTMENT

HOW TO ENTER THE PROPERTY MARKET THIS WINTER CHRIS GRAY SHARES HIS TOP INVESTMENT TIPS If you have been thinking about investing in property this year, winter might be the perfect time to take your first step onto the ladder.

I’ve been investing in property since the age of 22, and over this time I’ve learned that the benefits of property can often far outweigh other investment avenues including shares and businesses. Property is a safer asset since it typically doesn’t fluctuate as easily as other investments. The other important thing to note is that property will never be worth nothing – it’s solid bricks and mortar, and land.

From my 20 years’ experience investing in Australian property, my two most important lessons have been to leverage what you can and to not fear debt if it’s good debt. Taking out a mortgage can be a daunting prospect, but if you never take the risk, you’ll never have the opportunity to reap the rewards. Instead of viewing debt as a disadvantage, focus on the positives.

Manageable debt can provide you with access to long-term financial security.

While rising house prices and borrowing restrictions have made

entering the market more difficult in recent years, the good news is that you can still secure a great property with the right strategy, careful financial planning and plenty of persistence.

MY TOP FIVE TIPS FOR ENTERING THE PROPERTY MARKET: 1. DEVELOP A STRATEGY Before you begin your property search, establish the type of property you would like to purchase, and the ideal suburbs you would like to invest in. Always remember the goal is to hold onto the property for 10, 20 or 30 years. A good strategy is to buy properties located within 1km from the heart of the suburb, or properties that are a close walk to schools, leisure facilities, public transport and beaches. Properties with large double bedrooms, outdoor areas and a lock up garage are other features that will help attract tenants.

2. ESTABLISH A REALISTIC SAVINGS PLAN Gain a clear understanding of your current financial position and set

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yourself an achievable savings goal.

The sooner it becomes routine to take money from your wages before you spend it, the better. Home ownership comes with additional expenses than what you might be used to from renting and taking your first step into the property market – if you haven’t already – requires a deposit of at least five per cent, as well as stamp duty, ongoing mortgage repayments, rates and maintenance fees. Even with tenants in an investment property, there will usually be a difference between the rent and the mortgage that will need topping up from your salary.

3. ASK YOUR AGENT QUESTIONS Striking up a conversation with your real estate agent and asking them tactful questions can open some great opportunities for property purchases. If you are seriously interested in buying a property, be sure to let the agent know so they can keep you in the loop. If an agent knows you are a ready and willing buyer, they will keep you in mind if they have a new listing and may allow you the opportunity to see the property first.

4. CONSULT AN INDEPENDENT VALUER Property is one of the most expensive investments you will make in your lifetime, which is why it’s important to purchase at the best possible price. When it comes to property, many buyers are inclined to make an emotional purchase decision, especially if they plan on living in their investment. Before any property purchase, consult a professional valuer to ensure you are paying a fair purchase price.

Since they remove emotion from the process, they can provide you with an accurate idea of a property’s worth today and the immediate future.

5. USE A BUYERS’ AGENT A buyers’ agent is a professional real estate buyer who can manage your property search and negotiate on your behalf. Using a buyers’ agent is an excellent way to save time and secure your ideal property sooner and quite often will view 50-100 properties for you. They have local expertise, negotiation experience and insider knowledge of off-market sales, giving you access to properties that are not always available to the general market.

A B O U T C H R I S G R AY Chris Gray is CEO of Your Empire, a buyers agency which builds property portfolios for time-poor people – searching, negotiating, renovating and managing property on their behalf. Chris’s team buys one to two properties a week and often spends $5m+ a year renovating on others behalf, providing a unique insight into market conditions and buyer and seller sentiment. Chris hosts “Your Property Empire’ each Monday on Sky News Business channel, where he interviews various heads of property research companies and major industry figures.

Chris is a qualified accountant, buyers’ agent and mortgage broker.

For more information, visit www.yourempire.com.au, www.chrisgray.com.au and follow Chris on Twitter: @ChrisGrayEmpire

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INVESTMENT

MAKING YOUR PRIMARY PLACE OF RESIDENCE AN INVESTMENT PROPERTY BRADLEY BEER EXPLAINS HOW TO TURN YOUR PRIMARY PLACE OF RESIDENCE INTO AN INCOME PRODUCING INVESTMENT PROPERTY An increasing number of Australian home owners are becoming property investors. In some scenarios, it is by turning their primary place of residence into an income producing investment property.

There are several reasons why a home owner may turn their primary place of residence into an investment property. The owner may relocate interstate for work, travel for an extended period of time overseas, or they may simply decide to purchase and occupy another property as it may be more financially beneficial to rent out their home and rent themselves.

Before renting out your own home, there a number of factors to be considered. Investors should contact a specialist Quantity Surveyor such as BMT Tax Depreciation and request a tax depreciation schedule that will maximise the cash returns for the owner once the property starts generating an income.

Changing tax situation

When an owner decides to turn their primary place of residence into an income producing property, their tax situation is transformed.

Expenses in holding the property such as interest costs, rates and management fees will become tax deductible making owning the property more affordable. The rent also becomes assessable income.

Another tax deduction available for the owner while the property is income producing is depreciation.

Depreciation deductions can be claimed in two ways; as a capital works deduction, which refers to the structural component of the building, and for the plant and equipment assets* contained in the property.

The Australian Taxation Office allows income producing property owners to claim this depreciation as a deduction when they complete their annual tax assessment with their accountant.

A BMT tax depreciation schedule works out the exact number of days

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that a property was rented in the first financial year of the property being income producing. This gives the property owner’s accountant an exact total deduction available for a partial year claim.

A BMT depreciation schedule will also include any capital improvements that have been made to a property, even if improvements were completed while the property was a primary place of residence.

Capital gains implications A primary place of residence is exempt from Capital Gains Tax (CGT), however when a home becomes an investment property some CGT may be triggered if the property is eventually sold.

There are numerous scenarios that will reduce or create a total CGT exemption. It is important to discuss this with an accountant as each individual scenario is different depending on the property’s first use, how long someone lived in the property, how long it is income producing and if the owner has

ABOUT BRADLEY BEER purchased another primary place of residence.

Consult with an expert If you have made your home an investment property or you are thinking of making the change, contact the expert team at BMT Tax Depreciation on 1300 728 726 to get a free estimate of the likely depreciation and capital allowance deductions you can expect from your property. * Under new legislation outlined in the Treasury Laws Amendment (Housing Tax Integrity) Bill 2017 passed by Parliament on 15th November 2017, investors who exchange contracts on a second-hand residential property after 7:30pm on 9th May 2017 will no longer be able to claim

Article provided by BMT Tax Depreciation.

Bradley Beer (B. Con. Mgt, AAIQS, MRICS, AVAA) is the Chief Executive Officer of BMT Tax Depreciation. Please contact 1300 728 726 or visit www.bmtqs.com.au for an Australia-wide service.

depreciation on previously used plant and equipment assets.

Investors can claim deductions on plant and equipment assets they purchase and directly incur the expense for. Investors who purchased prior to this date and those who purchase a brand new

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property will still be able to claim depreciation as they were previously.

To learn more visit www.bmtqs. com.au/budget-2017 or read BMT’s comprehensive White Paper document at www.bmtqs.com. au/2017-budget-whitepaper

DIY

WINTER PROOF YOUR RENTAL PROPERTY B Y C A R O LY N P A R R E L L A TERRI SCHEER INSURANCE EXECUTIVE MANAGER

Storms, hail stones and water damage can wreak havoc on poorly maintained investment properties.

Prevention is much better – and often cheaper – than cure. At this time of year landlords and property managers should take the time to assess any potential or existing

issues at their investment properties.

Winter’s seasonal conditions could escalate maintenance issues and cause damage which is expensive to repair, and put a tenant’s safety at risk, creating potential for the landlord to be legally liable.

The last thing you want is a phone

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call from your tenant informing you there is an emergency at the property.

When undertaking winter-related property maintenance, landlords and property managers should consider the following:

HERE ARE SOME TIPS TO CONSIDER: GUTTERS One of the most common winter household maintenance issues is clogged gutters. This can cause leaking and water damage. Landlords should ensure that gutters are free from leaves, twigs and other debris.

winds. Likewise, check if there are any branches that overhang the building and consider pruning. This maintenance can be dangerous, and while it may incur a nominal cost, it could be worthwhile bringing in the professional to ensure both your safety and that of your tenants.

FENCES

HEATING AND HOT WATER

Fences should be well maintained and secure. Check that footings are stable and fence panels – regardless of material – are in order. Landlords should check with neighbouring property owners if shared or boundary fences are in need of repair, as they may be a joint responsibility.

A tenant’s comfort in a property will ultimately define whether they have a positive rental experience.

ROOFING AND EAVES Check for cracked or loose roof panels and tiles. This can cause leaking and water damage which can quickly spread to other areas of the property. Also look for rotting or water damaged eaves, as they can lead to salt damp on interior and exterior walls.

TREES AND SHRUBS Prune loose or dead branches that could potentially injure a tenant if they were to fall during strong

Landlords should ensure their property’s heating is functioning correctly to avoid a cold winter for tenants. Checking the hot water system is running efficiently could save hundreds on energy bills.

Landlords should consider servicing their investment property’s heating and hot water systems before winter.

These costs may be tax deductible

During winter, damp and mould can worsen. This is due to condensation, often caused by heated roofs with poor or no ventilation and wet clothes drying on a clothes airer.

Landlords could consider adding mechanisms to windows so they can be locked open to assist with ventilation while the tenant isn’t home. Landlords could also give their tenants tips on how to reduce damp and condensation in the home over winter.

GAPS AND CRACKS Sealing gaps in door and window frames and repairing cracks in walls and roofs can improve your property’s insulation, reduce heating bills and block drafts.

CONDENSATION AND MOULD Mould is not only unsightly, but can pose a health risk to tenants if not addressed appropriately. If ignored it can be very difficult to remove.

Landlords should pay close attention to wet areas during property inspections and act quickly if mould appears to be forming.

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Disclaimer: The information contained in this article is intended to be of a general nature only. Terri Scheer does not accept any legal responsibility for any loss incurred as a result of reliance upon it. Insurance issued

by Vero Insurance. Read the Product Disclosure Statement before buying this insurance and consider whether it is right for you. Contact Terri Scheer on 1800 804 016 or visit our website at: www.terrischeer.com.au for a copy.

LIFESTYLE

HOW TO HYGGE GET COSY THIS WINTER THE DANISH WAY A relatively little-known phenomenon has been creeping into the global consciousness – and that is the Danish concept of Hygge.

Pronounced ‘hue-gah’, Hygge is one of those words that has no direct equivalent in English, but in short, the concept of Hygge encompasses feelings of warmth, comfort and contentment.

It focuses on the simpler things in life – like snuggling up to read on a rainy day, or enjoying a big hot cuppa on a frosty morning. You can start to see a theme here – it’s all about being cosy and comfortable.

Here are TwentyOne’s top tips on how you can make your lifestyle more Hygge.

SWEATPANTS With comfort being one of the main facets of Hygge, how could you forget sweatpants? The ugliest pair is usually the comfiest pick.

Add a big knitted sweater or a fluffy robe and slippers and you’re good to go. Once you find the perfect outfit, then you can proceed to do all things Hygge in it – like baking a delicious batch of cookies, or finding the perfect armchair to settle in with your morning paper and coffee.

associated with winter are also Hygge – things like meatballs and big bowls of soup. Avoid being more than three metres from a hot drink of your choice (coffee, tea, hot cider etc.). Baking is also considered very Hygge, so pop on those mittens and get creative.

MOOD LIGHTING While a roaring fire is preferred by the Danish, countless beautiful (hopefully scented) candles will do the trick. Nothing beats the warm glow of soft candlelight, especially if you’ve got multiple candles lined up in your home flickering on a stormy night. Candles are perfect for creating that cosy vibe.

HYGGE FOOD What exactly is Hygge food?

Think cupcakes, cookies, many, many cups of coffee and delicious pastries. Comfort foods traditionally

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Share the Hygge The feeling of togetherness is very Hygge, so get cosy with friends and family to share in the warmth and contentment.

Create the perfect state of Hygge by talking and listening to each other, and engage with loved ones rather than engrossing yourself in your iPhone screen.

TECH

TECH ESSENTIALS CHECK OUT THIS SEASON’S LATEST PRODUCTS. D-LINK – COBRA Love winter nights in? Then this Sony home cinema projector is for you. It delivers a 4K HDR experience with high cost performance, and with 1,500 lumens, and promises precise and clear images. The projector comes in black and premium white colours to stylishly meld into various home settings and its compact size, 2.06 zoom and wide lens shift will ensure easy installation.

$7,999.00 AUD

EPSON EXPRESSION® PHOTO HD XP-15000 Designed to deliver professional-quality borderless prints up to 13”x19”, the Expression Photo HD XP-15000 leverages six-colour Claria® Photo HD inks, with all-new red and grey inks. It offers an ultra-wide colour range and enhanced black-and-white prints. It and features a large, 50-sheet rear specialty media tray so that printing projects will be easy for everyone, from creative individuals, to photo enthusiasts and today’s busy families.

$499.00 AUD

D-LINK DCS-8000LH This D-Link camera will help users keep an eye on their homes at all times.

A built-in IR LED provides 5 metres of night vision in total darkness and automatic push alert notifications, so nothing will be missed. At only 9.7cm tall, the camera’s ultra-compact and inconspicuous design makes it ideal to fit in with any décor. The Mini HD Wi-Fi Camera also comes packed with a 120-degree wide-angle lens, so users can see more of their rooms, pets and kids while capturing even the smallest of details. It also makes the perfect shelf or countertop Wi-Fi camera.

$149.95 AUD

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