84_ppg_2_mar_2013 by Pilbara Echo Newspaper

ISSUE 84 March 2 2013

propertyguide .com.au REAL ESTATE • NEW HOMES • LAND • INDUSTRIAL

Perfect blend of space, style and setting

See page 31 for details on this property

To be part of this publication contact one of your local sales reps.

propertyguide .com.au propert

REAL

ESTATE

• NE W

HOME

S • LAN D

• IND US

propertyg yguidepropertygu.com ide uid .c .au ISSUE 77

tic lo

ng te

ISSUE 77 Dec

er 15 201

ember 15

om.au

TRIAL

Fanta s

ISSUE 77 December 15 2012

Decemb

REAL

REAL ESTATE • NEW HOMES • LAND • INDUSTRIAL

ESTATE • NEW

HOMES

• LAN D

2012

.com.au

• IND UST

RIAL

rm se

Fantas curityFantastic long term secu rity tic long te rm sec uri

AVAILA See pa ge 27 SOUT BLE ACRO for de H HEDL SS TH tails on E ENTIR AND ONLIN AND • W See page 27 for details on this this pr E RE EDGE property E EVER operty FIELD GION: PO Y WEE See pa RT HE • DA KEND ge 27 for AVAILAB DLAN AT ww MPIER • AVAILABLE ACROSS THE ENTIRE D• LE ACRO details TOM REGION: PORT HEDLAND REGION w.pilb SOUT•HKARRATHA on this PRIC KARRAT arap property HEDLAN SS THE ENTIR roperty E • NEW HA SOUTH HEDLAND • WEDGEFIELD • DAMP DAMPIER • TOM PRICE E RE AN D D Propert M • NEWMAN ON AN AND ONLINE EVERY WEEKEND guide. y Man LINE EV • WEDGEFIELD GION: PORT agemen AT www.pilbarapropertyguide.com com.a ERY WE HEDLAN • DAMP t .au u EK D• Free EN IER Rea

Real ex

perienc

Market

Propert

Apprais

als

y Sale

Investm

ent Cho

ts.com.a

• TOM

KARRAT

Man

REAL ESTATE • NEW HOMES • PROPERTIES LAND • INDUSTRIAL AVAILABLE

ome Roa

Karratha

Karratha w: www WA 6714 .realaus sieasset s.com.a u

Now Serv PORT HEDLicing clien AND • ts in: KARRATHA

Free Market Appraisals

Property Sales

Investment Choices

0419 906

288

PH: 9144 4663

e: info@realaussieassets.com.au

Shop 18 Centro Karratha, Welcome Road Karratha WA 6714

w: www.realaussieassets.com.au

Roebourne Commercial shed Available for

PH: 9144 Lease 46and 63Sale Call

PROPERTIES

AVAILABLE

bourne Agency Bookings AvaRoeCom mercia ilable for l shed Lease and Hogan Media: 08 9381 3991Sale parada@hoganmedia.com.au

Now Servicing clients in: e: info@reala ussieasse PORT HEDLAND • KARRATHA ts.co

18 Centr

o ome Road Karratha, Gaye on 0419 906Welc 288 Karra

m.au

tha WA 6714 w: www .realaussie assets.co m.au

Now Servic PORT HEDLAing clients in: ND • KARR ATHA

Call Gaye

on 0419 906

288

Assets 2011

K 27

Published by: Pilbara Echo Shop 2 / 18 Hedland Place Karratha WA 6714 PH: 08 9185 5570 Or 1300 655 720 l Gaye on

Real Auss ie when leasin Assets offer exten sive expe g, rentin g, selling rience and We have or purch asing prop knowledge experienc responsibi e in tenan erty asse ts. ts’ lities, and offer profe and owners’ rights Our focus ssional cons and on keep ultation servi ing relevant ces. information clients abreast of up-to outcomes and -date and for all partie requirements assures s involved. best poss ible Shop

K 27

44 4663

ssieasse

Property

agement Real Aussie Assets offer extensive experience and knowledge when leasing, renting, selling or purchasing property assets. Free Mark et Appraisa We have experience in tenants’ and ls owners’ rights and responsibilities, and offer professional consultation services. Property Sales Our focus on keeping clients abreast of up-to-date and relevant information and requirements assures best possible Investme outcomes for all parties involved. nt Choices

breda@pilbaraecho.com.au

@realau

D AT ww w.p

Property Management

2011

anita@pilbaraecho.com.au

9185 5570

e: info

ICE • ilbarapro pertygu NEWMAN Real experience in Real Estate Real experien ide.com. au ce in Real Estate

PROPERTI ES Roebou AVAILABLE rne Comm Available ercial shed for Lease an d Sale Cal

Assets

mel@pilbaraecho.com.au

9185 5570

Breda

l Estate

l Aussie Ass when leasing, ets offer exte renting, nsive exp We have selling or purc erience and respons experience hasing kno in tena ibilities, property wledge nts’ and and offe assets. Our focu owners’ r professi rights onal con relevant s on keeping sultation and outcome information clients abreast services and requ s for all . of up-t irem o-da parties involved ents assures te and Shop . best pos 18 Cen sible Welc tro

Aussie

0450 592 584

Anita

ices

Mel

PH: 91

e in Rea

MARCH 2 2013 29 29

pilbarapropertyguide.com.au

PURCHASING A PURCHASING APROPERTY PROPERTY INPERTH PERTH OR IN OR SURROUNDING AREAS? SURROUNDING AREAS? CALL T.B.I FOR ALL YOUR BUILDING REQUIREMENTS CALLINSPECTION T.B.I FOR ALL YOUR

BUILDING INSPECTION REQUIREMENTS ASK US ABOUT OUR COST EFFECTIVE INSPECTION PACKAGE DEALS AND SAVE $$

ASK US ABOUT OUR COST EFFECTIVE INSPECTION PACKAGE DEALS AND SAVE $$

1300 633 802

Check that everything works before you buy First home buyers and more experienced buyers can often forget to check whether all the mechanical equipment on a property works before they buy it Buyers must remember that it is a term of every contract that the property, at settlement, will be in the same state and condition it was in immediately prior to the contract date. It makes sense therefore for the buyer to fully understand what is being purchased and to ask the real estate agent what items are not working. The REIWA Offer and Acceptance Form used by our members has a section for buyers and sellers to agree to any special conditions. This might include representations that the plumbing and wiring be in safe working order. If a door, shower screen or window is broken, these are also matters you can negotiate be fixed by the owner before you settle, however, the seller has no obligation to do this and may not agree to repairs. If you add a special condition, be aware that it may jeopardise acceptance of your offer.

The purpose of the presettlement inspection (not the final inspection), which takes place one week before settlement and not during the purchase transaction, is to check that the property is in the same condition as it was when last inspected by the buyer and not prior to the contract date.

familiar with the pool cleaning equipment and filter.

It is also to ensure that any special conditions have been satisfied.

Test all the power points with a phone charger or hair dryer in each of the rooms.

It is most important to remember that the purpose of a pre-settlement inspection is not to add new conditions or make requests of the seller for faults that existed at the time you made your offer. Therefore it’s important to check some of the more common things to inspect prior to entering into a contract might include: The hot water system; learn how it works and whether it may need repairs. If it’s a solar hot water system ask about the booster switch and where to locate it. If the yard is reticulated, check that it works properly and ask to see where the sprinklers and solenoids, where they exist, are located. Check that any air conditioning is running smoothly or that ceiling fans operate safely. Where there is a swimming pool, look for any damage and become

Check that the plumbing and lights work by operating all the taps and switches and run any exhaust fans in the kitchen and toilet.

Inspect all the water drainage outlets from the roof. Be confident the guttering is sound and find out where any soak wells are located. If the property is on septic tanks for sewage, check that it works and locate the tanks.

226 582 / 08 9584 2544

Asking $170,000 + stock

Mark Krasenstein 0419 917 699

www.natreal.com.au • Largest new residential

Test the locks and latches on all doors and windows and make sure that curtains and blinds are secure and operational. After becoming familiar with the property you are then ready to make an informed decision on the purchase price. The price you offer may need to take into account items that you think will need replacement or repair in the future, but remember that in a tight sellers market the seller will be looking for the best offer and terms. (source: reiwa.com.au)

Investor looking to buy in Pilbara. Call 0439 742 377

♦ Huge premises at 6 Clark Street, Dunsborough ♦ Mobile options, with fully equipped and sign written vehicle ♦ Well established, operating since 2001 ♦ Plenty of local work with past customer base of over 400 ♦ Work includes fabrication, stainless steel welding, Aluminium welding, boat repairs etc. ♦ Excellent array of quality plant and equipment ♦ Take on an apprentice ♦ Make a ‘good’ living in the Dunsborough area!

blocks in Karratha

• Stage 1 – Over 80% sold • 462-800sqm from $275,000 • Ready for immediate

settlement

• House & Land packages

— karratha —

Land for SaLe

from $775,000

• Stage 2 coming soon Contact us or visit Ray White Karratha today. Onsite sales office open:

FRI, SAT & SUN 15 -17 MARCH 10 am - 5 pm Kingfisher Way, Nickol Richard Naulls 0438 852 444 9185 2444

Matthew Smith 0430 766 360 9463 7283

www.jingarri.com.au

K 29

Call 0416

www.tbiwa.com.au

ATTENTION: BOILER MAKERS & WELDERS

Ensure that the property has the required legal pool fencing.

SELLING YOUR HOUSE? KARRATHA 3x1 House. Very good condition. BIR and Fans all bdrms. Ducted and split in lounge. Open plan. Easy maintenance gardens. $1100 p/wk. Avail end of March.

www.tbiwa.com.au

Perfect blend of space, style and setting! Look smart and easy low

to a full length patio with ceiling

maintenance living. Set amongst other quality homes in the highly sought after Baynton

The People you know and Trust

West area is this beautiful brand

9159 7777

The living area extends through fans and an outdoor kitchen, large synthetic grassed area , double rear gate access and a garden shed.

new 5 bedroom 3 bathroom home.

www.pilbararealestate.net.au

shea oak kitchen with stainless steel appliances, tiled flooring to the living

fastfacts For sale

$1,099,000-$1,169,000

FOR SALE

areas, jarrah trimmings , open plan

18 Perentie Road Baynton Price $1,049,000-$1,099,000

room. It’s unique to find this level of

20 Wallaby Street, Baynton

detail and class!

AGENT

Pilbara Real Estate

CONTACT

Marissa 0428 355 514

WEB

pilbararealestate.net.au

living/dining and separate theatre

Each of the bedrooms are fitted with split system air conditioning,

ceiling fans, both TV and data points and built in robes.

PILBARA FACT

This big, bold and unique 4 bedroom, 2 bathroom + powder room brick and iron home will delight even the most discerning and fastidious of purchasers. Whether you’re looking for your dream family home or investment, than this is one not to pass over.

COMPANY FACT Pilbara Real Estate #1 in REIWA Quarter Awards

Karratha has the largest Shopping GOL F CL UB & BOWLING CL UB Centre in the Pilbara

FOR RENT 9 Greig Place, Nickol Price $1,300 pw

K 30

ORY

COUNCIL OFFICE

WAY

DE G R E Y

P L

CAT H CHU OLIC RCH

The People you know and Trust

SAMSO

N H S E SpotVIVthe differences (how many can WAY you find? email them to us!) WAY AN GLICAN

E R D

WAY

ERTY

URY

B PAD

GREG

K L E NK S T

BAS SET RD

Letphoto us work you astaken The on thefor right was CHyour URCH by N O ERS Estate, the photo on the Pilbara ICReal W K buyer’s agent. left wasn’t. If you want to sell your WAY Get all the inside Accessapast property, make sureinfo. you choose Real Estate that makes your home stand sales information, length of time VI us today to out fromD)the crowd. Call EW A Smore. T on Rmarket so much This O weand see how can make a difference for M LOOK OUT EAyour house.

WAY

ND LA

D E POLIC N IO T ST A

CENT

R ST

(

LL I M

KA PRI

TURNE

FINN

U ST P A SCH Y R A PRIM

HE D

OWEN PL

AVE

IE W R D

IPP

BARL OW PL

KARRATHA

AR SE

WEL

If you have any questionsAYrelated to Real Estate in W ING UNIT Hemail it to the Pilbara or just a general question, C R U CH info@pilbararealestate.net.auLS

S H AR P E

MALLINA ST

CRES

R MO

MACRO Y ST

HARWOOD WY

L OC SHER

R WA

K ARRA SNR HIG THA H SCH

BUYERS

You WITHshould understand the market, look at prices that have been achieved for similar N ST NAIR AY W properties and build your own assessment of what the property is actually worth. LARD

1&2/8 Sharpe Avenue Karratha WA 6714

McC

OVAL

HOOLEY S T

LO C K YE R S T

NELL

WY OURT

WAY

HALL ST

R NAI

CR offi cedirections

IE R

GT EWIN

SON

ANE

B AM

ON W

What offer price L ARD RICH should I make for a WAY WAY home?

Relax in this sparkling below ground pool with an amazingly large rear patio just perfect for that summer afternoon BBQ and room to invite all your friends.

WAY

ENZ

& ARTS A THA RE K ARR ING CENT N LEAR

McK

S H AK E S P E AR E S T

ALD

DUG

CIRCLE

BULGARRA

Q Photo A quiz SEARIPPLE RD

1 st

• Listings SOLD Oct-Dec • Listings SOLD by Value Oct-Dec

SH AK ESP EA

S H O L L DR

Featuring timber panelled ceilings,

is a complimentary service to the community.

Property of the week 4 Finch Street, Nickol

Tray ceiling with down-lights

AL R

MOR

E PL

PELUSEY

LAT

ELL

CRIDDLE WY ZAN

TAMBREY PRIMARY SCH

TREETOP

ET WY

HARRI

TTO

GT O

ON CL

WOOLYBU TT C R

TH SCH ILD

ON NT

C ES

Y BA

ITE

RA YN

IE CT

TOURNA Y CT WATT S

FA B

BR I TT

LIN G

M GA

T XC

WY BARNETT

O’BRIEN WY

LIL

PARA

N KOOLI

SCHOONER ST MACM

N DRIVE

RE S

ER LM K 31 DE

MUJIRA

LAGO RD

LLIA

ARCHIPE

ER RK PA CL

KYB

ER W

HIRT

McW

COMR

MEY

FEATHERBY

YN MO

BAJAMALU DR

Mc CA

IV DR

A NE HALD

THARNDA RD

STICK NE Y

BALYAR RA

BIRCH WY

GANBARR ST

JADURA

MARRI MARRI PDE

PRIMARY SCHOOL

NYAMINA RD

DRIVE

GARDUGARLI DRIVE

MARNIYARRA

BARDURRA ST

REED

LOOP

FREETAIL BEND

CAMPBELL CT

WINYAMA ROAD

CT EE SO

MUJIRA RAMBLE

CR OC

MUJIRA RAMBLE

ARS

E DL

MUJIRA RAMBLE

WALLABY ST

HOBBY LANE

BETTONG BEND

EURO BOULEVARD

FANTAIL BEND

LOOP

YIRRAWARI ST

BRUSHTAIL ST

LOOP

WARBLER

CRESCENT

ECHIDNA RD

JANKURNA ST

NYUMARI ST

BER

GEY

RRE

PARK WAY

EMU LK

L PL

LOOP

BAJAMALU

CURLEW ST

WAGARI DRIVE

BAYNTON

CRT

ROL

DAMPIER HWY

BETTONG

GARDUGARLI DRIVE PERENTIE RD

CIRCLE

CAR

KALUTA LN

MUDLARK TUR

BAJAMALU DR

LOOP

HERON

BALMORAL

TURTLE CL

DD RIV

RRA

BROLGA MEANDER

B OW ER BIR

DESERT PEA BUV

MARNIYA

PETREL

FOXTAIL LA

BILBY LK

DATS

CK O

WIN

NICKOL

BROLGA MEANDER

STEW ART GE

FOXTAIL LA

FANTAIL BEND

TAMBREY OVAL

ETTIE

KAPITZ KE RD

ST ORE

WA L

KIN

PARTON CL

HEARD PL

ON RD

SIMP SON ST BATHG ATE RD

RD KOL NIC

ENDERBY ST

GREIG PL

RYDER CT

CRESCENT

MARNIYARRA LOOP

The People you know and Trust

FRENCH CT

N ST

OTT

ALDAG CT ENDERBY ST

TAMBREY CENTRE

BEND

Carport Spaces: 2

USO

ERM

HT PL

KNIG

MATEB

FINCH ST

FERG McD

ERS

WAY

SMITH PL

ER C

TAMBREY DR

MARNIYARRA LOOP

Outdoor Features

ZIES PL

BUTL

WAY

LOOP

WAY

HACKETT C

TMAN

AUSTEN

Air Conditioning

LEONARD

W IET Y

SWE

WAY W

HONEYEATER CRN HONEYEA

DAVEY CT

MEN

BROOKS

RIDGE ELBOW

PEREGRINE LINK

GOSHAWK

WAY

PLUMGRASS WY

Indoor Features

BECK PL

FLANNELBUSH TURN

BROLGA MEANDER

EGRET GREEN

Open Car Spaces: 2

L RD

NICKO

RODG

MALUS RD

CIRCLE

FALCON PARADE

KINGFISHER WY

Bond: $7,200

WAY

HA LETO N

MIDD

SEASNAKE

NIGHTJAR LN

BE ND

WOODSWALLOW BEND

Bathrooms: 2

pilbararealestate.net.au

BASED

AGH

MON

HAZEL CRT

LOO P

GREEN CT

WEDGETAIL EAGLE AVE FALCON PARADE

WEB

PINNACLE ST

KOOKABURRA ABURRA WY

Bedrooms: 4

Emma 0407 386 988

THISTLE

LOFT LN

FANTAIL LANE

Pilbara Real Estate

CONTACT

RANKIN RD GOSHAWK

SANDPIPER TURN

AGENT

ARD PL

GODD

TALBOT CT

NEWMAN CT

Property Type: House

4 Finch Street, Nickol

WAY

BAY VILLAGE

General Features

1,800 pw

propertydirections TATTLER ROUTE

For rent

Y CT

BAILE

WAY

LEGENDRE RD

HADDON WY

ANGEL ST

propertyfeatures

ETT

WAY

GETHING CT

BOYD

N ST DIXO

ERSPO

DI CARLO WY

WYLIE

AUSBURN PL

BALMORAL HOLIDAY VILLAGE

MAYO

SKEN

WAY

fastfacts

LEWIS

WOTH

BAL

Available now. Call Emma to make a viewing soon.

GAP RIDGE

LEWIS

and an enclosed yard.

system air con throughout make this house ideal for Pilbara living.

DELAMBRE DR

bathroom house with an office

Plenty of parking at the front of the house with a double carport and room for extra cars. Large shady patio out the back for outdoor entertaining. Auto retic, easy care gardens and split

O P

Large modern 4 bedroom, 2

pilbarapropertyguide.com.au

32 MARCH 2 2013

Aussies hold too much of their wealth in housing Australians have a dangerously disproportionate share of their wealth in housing, warned Macrobusiness’ chief economist, Leith van Onselen. Van Onselen said mortgage affordability remains poor on an overall level and the proportion of household income ‘chewed-up’ by mortgage interest payments is 34% higher than in 1989, when mortgage rates peaked at 17%. “Virtually all growth in housing values has come from land price appreciation, with land prices roughly doubling relative to GDP since the late 1980’s.” The ratio of Australian mortgage debt to GDP has risen four-fold since 1990, following deregulation of the financial sector, while the share of loans channelled into housing has increased from 24% of total loans in 1990 to 59% currently. “The rapid expansion of mortgage debt and housing values has been funded, to a large extent, by heavy offshore borrowings by Australia’s banks and is represented by a massive expansion in bank assets – mainly mortgages.” Strongly rising commodity prices have also played a role in increasing housing values since 2004 via their positive impact on incomes, said van Onselen. “The Australian Treasury estimates that 50% of Australia’s income growth over the 2000’s came from the oneoff terms-of-trade boom, whereas McKinsey estimates that 90% of Australian income growth since 2005 came from the mining boom.” The number of property investors has also surged – from 696,000 in 1990 to 1.75 million in 2010 – and nearly 60% of investors are baby boomers. “Two-thirds of investors were negatively geared in 2010, losing on average $2,750 per year, or a total of -$4.8bn. Three quarters of negatively

geared investors earned less than $80,000.” Van Onselen said the country’s ‘rigid’ urban planning system has ensured that the increased demand has manifested in rising prices rather than increased dwelling construction. “Empirical evidence from the US and elsewhere shows that markets with responsive land-use regulations have more affordable housing markets and experience less price volatility, as changes in demand manifest more in new construction rather than prices – growth in US house prices bore little relation to income and population growth.” He says US markets with responsive land-use regulation remained affordable and experienced relatively low house price volatility throughout the bubble/bust period. “In Georgia [USA], policies mandating lending to the poor and under-privileged resulted in massive subprime lending, yet, Georgia’s delinquencies never reached the levels of the supply-restricted bubble states. Big demand ‘shock’ from the GFC caused rate of household formation to plummet as individuals increasingly opted for group housing.” This, in effect, turned a perceived housing shortage into a glut. But could the group housing option be viable in Australia? Yes, said van Onselen – and it’s actually already started to grow in popularity. “According to the 2011 census, the percentage of group households increased to 4.1% from 3.9% in 2006, whereas the percentage of single (lone person) households declined to 24.3% from 24.4%.”

housing stock. Should economic conditions deteriorate materially, the number of Australians opting for group accommodation would likely rise significantly, just as it did in the USA, which could potentially turn a perceived housing shortage into a surplus.” While Australia’s restrictive urban planning regime has helped drive prices higher during the boom, van Onselen says it’s unlikely to save the country from price falls in the event of a major shock to demand. “A perceived housing shortage could easily turn into an oversupply, just like it did in the supply-restricted states of the USA.”

ABS data confirms this trend, with the number of people per dwelling rising since 2006, while the number of bedrooms per dwelling has also been trending upwards.

Factors including a 2011 peak in commodity prices (and subsequent decline) and an aging population could further reduce the economy’s potential demand for housing.

“There is significant latent capacity (excess bedrooms) in the pre-existing

“Severe housing correction is an outside chance if Australia

experiences a mining bust with sharply lower commodity prices combined with a big reduction in mining investment.

boundaries and restrictive zoning. This would increase competition and contestability in the land market and lower land prices;

This combination would cause sharp falls in incomes, a big increase in unemployment and potentially a credit squeeze.”

2. Speed-up development approval processes, so that housing supply is able to respond more quickly to changes in demand;

In order to free up the supply of housing, van Onselen says the government needs to do the following:

housing-related 3. Ensure infrastructure is adequately financed and provided to facilitate the provision of affordable housing.

1. Ensure an adequate supply of affordable land for housing by removing regulatory growth constraints such as urban growth

(With special thanks to investment property magazine)

your

• Got a pound? Then you could end up with a house

Houses selling for $1.50 Next time you throw away a dollar fifty on a packet of crisps or a chocolate bar, keep in mind that this is enough money to buy a house.

The rock bottom price is on the

Successful applicants will need to refurbish the houses to “a reasonable state of repair”, ensuring they are warm, weatherproof and have modern facilities. The council had originally been in talks with a developer to bulldoze the houses, but decided against this in November, leaving the houses boarded up. (source: www. yourinvestmentpropertymag.com.au)

K 32

Thanks to an initiative to regenerate struggling areas of the United Kingdom, Liverpool City Council is offering homes in the city for just £1 (A$1.49).

condition that the houses are given a complete makeover.