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Your quarterly collection of Market News, Advice and Tips.

ISSUE 8 | February 2017


A MESSAGE FROM

Michael & Rebecca Braddon Principals

Contents Principal’s Message

2

Rental Market Update 3 Recently Rented Properties 4

Happy New Year and welcome to the February issue of Insider.

From the Sales Team

With the silly season behind us and Christmas now a distant memory, we hope that throughout the break you were able to relax and spend some quality time with your loved ones. We are well and truly into 2017 and already in full swing, feeling energised for a busy year ahead.

Investing in Your Future Community News

5 6-7 8

We would like to introduce Kristy McNickle, our new Business Development Manager/Property Manager to the team and welcome her professional ‘can-do attitude’. Kristy started her real estate career in Wagga Wagga NSW over 9 years ago and has been a Property Manager in Canberra since 2012, when she joined the Peter Blackshaw network. In this latest edition, you’ll find some tips for investing with your super, the success of our annual charity golf day held in November 2016, a snapshot of the Canberra market, plus how the Gungahlin sales and rentals have been performing over the past quarter. We hope you enjoy the read.


Feature Sales Property

13.1

Average Days On Market

48

Properties Leased

$513

Average Rent

$2300

Highest Rent

$310

Lowest Rent

92

Exhibitions Conducted

(inc non advert)

6/1 Wanliss Street, Latham Investor Alert: Positioned in a small, quiet complex of only 13, is this immaculate 2

bedroom plus study ground floor unit. Offering open plan living area with 2.7m high ceilings, galley style kitchen and a sunny north facing enclosed courtyard. Completing this wonderful home is the European laundry, reverse cycle airconditioning to main living area and an extra wide secure car park and storage cage in the underground parking lot. This trendy unit is an ideal investment for the future.

1504

For Sale: $355,000 Estimated Rental Return: $360.00 to $380.00 per week

Enquiry Rate

For more information contact Michael Braddon on

Rental Market Update October to December ’16 The performance of the rental market has strengthened across Canberra with properties achieving an average of $26.00 more rent per week compared to the same quarter last year. The average days on the market across the Canberra region is currently 24.5 days – considerably lower than the same quarter in 2015 where the average was 37.1 days. This is very positive news for investors with properties leasing quickly. The Gungahlin team has been performing exceptionally well with our average days on the market sitting at 13.8 days – well under the Canberra average. This is a great achievement and means more money in our investors’ pockets. Over the last quarter, the Peter Blackshaw network has collectively leased over 287 properties which is an outstanding effort. Of those, the Gungahlin team has leased 48. The Gungahlin team received 1,504 rental enquiries and conducted 92 inspections over the past few months, compared with 1,005 enquiries and 94 inspections in the previous quarter.

0408 446 793 or Matt Sebbens on 0402 064 504

Michael Braddon & Matt Sebbens

Rebecca Braddon Property Management Director


A Selection of Recently Rented Properties Property

Price pw. Bed

Feature Rental Property

Bath Car

8 BULLALA COURT, NGUNNAWAL

$465

3

2

2

8 ARID PLACE, PALMERSTON

$495

3

2

2

3 LANDER CRESCENT, AMAROO

$570

4

2

2

4 ABDULLAH STREET, BONNER

$450

3

2

2

2 DULVERTON STREET, AMAROO

$550

4

2

2

36 LANSDOWN CRESCENT, CASEY

$390

2

1

2

Property Features:

6/16 NEIL HARRIS CRESCENT, FORDE

$550

3

2

2

Situated in one of Gungahlin’s most sought after suburbs of Crace is this stunning, five bedroom home set over 2 levels.

54 UNAIPON AVENUE, NGUNNAWAL

$480

3

2

2

1 LANGTREE CRESCENT, CRACE

$800

5

3

2

53 DOMAIN STREET, PALMERSTON

$550

4

2

2

40 JUSTICE KELLY STREET, FORDE

$665

5

2

2

33 ANCHORAGE STREET, HARRISON

$630

4

2

2

12 KEVIN CURTIS CRESCENT, CASEY

$670

4

2

2

8/34 HENRY KENDALL STREET, FRANKLIN

$495

3

2

2

119 CHRISTINA STEAD STREET, FRANKLIN

$650

5

2

2

43 VANDYKE STREET, CRACE

$430

2

1

1

81 MOBOURNE STREET, BONNER

$440

3

1

1

13/4 LAWRENSON CIRCUIT, JACKA

$370

2

1

1

1 Langtree Crescent, Crace

This home offers 3 spacious formal and informal living areas, ducted heating and cooling throughout, and an inviting outdoor alfresco area overlooking easy care gardens that are ideal for entertaining family and friends.

Result: Rented for $800 per week after being on the market for 10 days.

Lisa Donnellan Property Manager


Sales Update

Sales Statistics

Canberra’s economy continued to grow in 2016, with leading economic indicators pointing to solid improvements over the year. Unemployment is low, business and housing spending is solid, interstate migration has kept population growth levels, and international flights boosted tourism. Supporting our local economy and particularly the housing sector, was the light rail project running from Gungahlin to the Canberra city, which enhanced investor confidence by encouraging development along the northern corridor. Over 2016 Gungahlin remained a firm buyer’s favourite region and with the significant amount of development it was also Canberra’s fastest growing suburb. Despite the strong supply, established housing demand pushed prices up, ranking Gungahlin as the highest growth region outside of the inner city, with a yearly median increase of 7.1%. Consistently throughout 2016 our sales team maintained our low days on market with an average of 21 days, we sustained our 100% list to sell price ratio and we continued to break suburb records for Forde, Spence and Franklin.

LD SO

14 Nina Murdoch Crescent, Franklin

Statistics based on the sales in the Gungahlin Region between 1 October 2016 and 31 December 2016.

14

29

Currently

Total

Listed Properties

Sold Properties

25

100%

Average

List to Sell

Days On Market

Michael Braddon Principal

Ratio


Investing in Your Future - have you considered a SMSF? Investing time into planning your retirement is one of the most important things you’ll ever do. Admittedly for some, it may not be the most exciting thing to think about, and for others, retirement may be years away and not important ‘right now’ – but when it comes time to enjoying the fruits of your labour, wouldn’t you like to retire comfortably? According to the latest Association of Superannuation Funds of Australia’s (ASFA) Retirement Standard, to have a ‘comfortable’ retirement, single people will need $545,000 in retirement savings, and couples will need $640,000. With this in mind, more and more Australians are moving their retirement savings from their superannuation fund and investing it into a self-managed super fund (SMSF). SMSFs are most commonly used for shares, term deposits, managed funds, property and/or and collectibles like artwork and antiques. According to the ATO, the difference between a SMSF and other types of superannuation funds is that the members of a SMSF (i.e. you) are usually also the trustees. This means you’re in charge – you run it for your benefit and you’re responsible for the investment decisions and for complying with the super and tax laws.

Is a SMSF right for you? Firstly, think about the type of retirement you would like – do you want to travel around Australia or overseas, buy a property, a new car, or do home renovations? Everyone has a different idea of what retirement means to them so it’s essential you sit down and map out what is important to you. Once you have identified your retirement goals, make an appointment to see a financial advisor. A trained and experienced professional can advise you the best pathway to reach your desired retirement lifestyle, as well as discuss the ins and outs of setting up a SMSF and whether it is the right option for you. Anyone who provides SMSF advice must have an Australian Financial Services Licence (AFSL) so make sure to check their qualification. Also, it’s important to speak to more than one advisor to ensure you are getting a wide range of advice and information. Starting a SMSF is a major financial decision, so you will need to make sure you have the time and the skills to do it properly. According to ASIC, if you want to manage a SMSF you will typically need: •

a large amount of money in the fund to make set up and yearly running costs worthwhile

to budget for ongoing expenses such as professional accounting, tax, audit, legal and financial advice

enough time to research investments and manage the fund

the financial experience and skills to make sound investment decisions

to organise life insurance, including income protection and total and permanent disability cover.


Cont. Investing in Your Future - have you considered a SMSF? Investing in property SMSFs are also commonly used to invest in residential property or commercial property – for example, a business premises. Investing in property can be rewarding in the short term in terms of tax, and in the long term when building your nest egg. Buying a property through a SMSF is possible but only if you comply with the rules and regulations. According to ASIC, in order to do this the property must:

• • • •

meet the ‘sole purpose test’ of solely providing retirement benefits to fund members not be acquired from a related party of a member not be lived in by a fund member or any fund members’ related parties not be rented by a fund member or any fund members’ related parties.

Buying a property through a SMSF will also be subject to fees and charges (bank, legal, advice, stamp duty, etc) which can add up add up and reduce your super balance, so be sure to do your sums. Finally, when considering using a SMSF for property investment, be sure to think about your long term retirement investment strategy and goals, carefully consider any risks that may be associated with the property, and ultimately, whether the property will grow in value and deliver a return.


An Australia Capital Territory (ACT) specific amendment to the BCA states that properties built post September 1994, require hard-wired smoke alarms to be intsalled.

On the 4th August 2016 the Residential Tenancies Legislation Amendment Bill 2016 was passed by The Legislative Assembly for the Australian Capital Territory and will be taking place over the next twelve months. As your Managing Agent, we have been keeping up to date with the proposed by attending public forums, submitting proposals and attending industry events. There are a number of important changes that we would like to make you aware of as they will affect all tenancies in the ACT. Smoke Alarms Like all other states across Australia, smoke alarms will now be required in all rental properties in the Australian Capital Territory for all tenancies. An ACT specific amendment to the Building Code of Australia states that properties built after 1997, require hard-wired smoke alarms to be installed. If your property was built prior to September 1994 and is not fitted with a smoke alarm the minimum requirement will be to have 9-Volt smoke alarm fitted in locations as detailed in the latest Building Code of Australia. Peter Blackshaw Real Estate has invited the industry leaders, Smoke Alarm Solutions (SAS) to conduct testing for our clients. Smoke alarms have a lifespan of 10 years yet many become faulty and require replacing before their expiry date. Under the $79 Diamond annual smoke alarm service, SAS will provide the free replacement of both 9 volt and 240 volt (hard wired) smoke alarms if after inspection they are deemed faulty. The $99 Platinum annual smoke alarm service not only includes free replacement smoke alarms, it covers the free installation of additional smoke alarms required for compliance.

Smoke alarm maintenance is governed by both State and Federal legislation and any person who does not comply with the relevant legislation is guilty of an offence. Landlords who fail to take every practical step to ensure the safety of their tenants can face a multitude of unpleasent and unwanted consequences that, with the right guidance, can be easily avoided. As a Property Manager, Landlords entrust you with one of their greatest investments, which is a sizeable responsibility to shoulder. Smoke Alarm Solutions aim to ease the burden in ensuring that your properties are compliant, simply and efficiently.


Community Events

Peter Blackshaw Gungahlin Annual Charity Golf Day 2016

Our Annual Charity Golf Day was held on 25 November 2016, at the Gungahlin Lakes golf course. Our 11th year has been a huge success and we would like to thank our major sponsors Realestate.com.au and the Canberra Weekly for their generous sponsorship. With the help and continued support of local businesses, our clients as well as those who donated auction and raffle prizes, we were able to donate the amount of $17,430 to the wonderful program - the Stella Bella Little Stars Foundation. It is such a humbling experience to be able to help provide support to seriously ill children and their families in the Canberra region. If you would like further information on the Stella Bella Little Stars foundation and the Stella Bella Little Beads program, go to www.stellabellalittlestars.org.au.

Peter Blackshaw Gungahlin Property Management 63 Anthony Rolfe Avenue, Gungahlin ACT 2912 6241 9111 | rentals@gun.peterblackshaw.com.au | www.peterblackshaw.com.au

Insider - Issue 8  

In this latest edition, you’ll find some tips for investing with your super, the success of our annual charity golf day held in November 201...

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