ROPERTY NEWS Ideas to help you when you’re Buying or Selling
How much is your home worth now?
Alliance Real Estate - Issue 9
In a changing market it is important to understand the real value of your home. See page 3 for full report.
24A Forrest Road, East Hills
IN THIS ISSUE OF PROPERTY NEWS • Property Planning Checklist - Selling • How much is your home worth in today’s market? • To gear or not to gear
02 6568 6599
Message from the Principal / Director Dear Readers, In this issue of Property News we are featuring two recent sales and also discuss the importance of getting an updated appraisal for your property. For more details please see the story on page 3. For those readers who are thinking of selling, we have included a checklist that will help you with preparing your property to look it’s best before going to market. For those people who are considering investing in property, our page 4 story gives an overview of negative gearing and discusses how this strategy can help investors Please remember, if you are considering selling your property, please contact us to discuss the options available to get the best price possible. Kind regards Theo Kalinderidis Principal/Director 0403 197 137
Property Planning Checklist SELLING To help you get a head start with planning your next move, here is a checklist that will hopefully point you in the right direction! Make sure your lawns are mowed and the gardens are presented at their best. Buyers don’t want to look at your property thinking this needs a lot of work. Ensure the entrance way is inviting. A nicely painted door and a clean entry adds to the first impression you are trying to create. Add a coat of paint where necessary. Clean or re-paint the walls, ceilings, skirtings and doors. A clean and freshly painted home invites people in! Clean the entire home. Start from the windows and work your way through. Create a gleaming presentation! Have the carpets professionally cleaned.
Panania Office: 167 Tower Street, Panania, NSW 2213 Australia Revesby Office: 14 Marco Avenue, Revesby, NSW 2212 Australia Contact: Phone: 02 9771 6115 Fax: 02 9771 4700 Web: www.allianceaust.com.au Disclaimer Notice: Neither Alliance Real Estate,
its principals, nor Newsletter House Pty Ltd, nor the publishers and editors of articles in this issue, accept any form of liability, be it contractual, tortious or otherwise, for the contents of this newsletter or for any consequences arising from its use or any reliance placed upon it. All the information contained in this publication has been provided to us by various parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own enquiries in order to determine whether or not this information is in fact accurate. ©Newsletter House Pty Ltd 2018 Ph: 02 4954 2100 www.propertynews.info
Clear away clutter. Buyers like the feeling that there is room to move and over packed rooms can appear cramped. Make sure your home is tidy. Ensure there are no dishes lying around to be washed, make the bed and make sure the bathroom looks its best. Fresh flowers and a couple of colourful magazines on the coffee table invite you to sit down and relax. Don’t go over the top with strong incense or perfume as some people may have an allergic reaction. Leave on bedside lamps to add warmth. In Summer, leave the air conditioner on, and in Winter turn on the heater. Repeat visits require extra effort. Buyers who are interested in your home are always more critical on repeat visits, so make sure the place is just as well presented the second time around!
In today’s market do you know what your property is worth? SOLD
35 Gowlland Parade, Panania The real estate market is constantly changing. That’s why it’s important to get an updated home appraisal as the first step to selling. The knowledgeable sales team at Alliance Real Estate have their fingers on the pulse so they know the local market inside and out.
“Alliance understands and is experienced in the real estate market as it changes over time,” said Andrew Prodromou, Director at Alliance. “We use evidence of comparable sales and our expertise to advise our vendors on the best sale method and current market trends.” These two recent sales are good examples of success for both the vendors and purchasers. 24A Forrest Road, East Hills Chris Edwards is the salesperson responsible for the selling of this massive family home in the East Hills. This
beauty of a home features five spacious bedrooms, most with built-in wardrobes and an ensuite in the master. The main living space includes a modern kitchen, dining area and family room, which is divided by a half partition wall. A separate formal lounge has wall-to-wall carpet for added warmth and luxury. Other bonuses to love about this property are solar panels, double-car garage and a gorgeous kidney-shaped swimming pool. 35 Gowlland Parade, Panania Sales agent Andrew Prodromou made dreams come true for the vendor and buyer of this family home in Panania. The three-bedroom brick home is located in a central area close to all important amenities including schools, shopping and the motorway. Inside, there’s a spacious kitchen and dining room combination, a cosy lounge, a full bathroom and an extra room that could be useful as a study or guest room. Outside,
there are lush lawns and gardens to be enjoyed from a sunny deck off the dining room. At Alliance, we know it’s vital to get the right evaluation of your home. That’s number one. The next step is creating a marketing campaign that speaks to motivated buyers. “Different property types attract different buyers so we used our database to contact those who were looking for a property with the same attributes as 35 Gowlland Parade and 24A Forrest Road,” said Andrew. “We met new buyers at our open homes and we were able to add them to our database to assist them in finding the right home for them.” That means if you’re looking to sell your home, now is a great time to get your free appraisal from Alliance Real Estate. We have qualified buyers waiting for their dream home. Could it be yours?
We Have The Experience And Local Market Knowledge You Need
THEO KALINDERIDIS Principal / Director 0403 197 137
TONY KALINDERIDIS Sales Manager 0414 782 481
ANDREW PRODROMOU Director / Licensee In Charge 0421 697 651
PETER AZAR Sales Consultant 0438 773 740
CHRIS EDWARDS Licensed Real Estate Agent 0402 236 800
DEANNE MIFSUD Executive Assistant 0406 425 989
REMA FAKHOURY Sales Consultant, JP 0425 391 040
To gear or not to gear? What is negative gearing, and how can it help investors? Is negative gearing really a good investment strategy? The question is often asked by property investors, many of whom do not fully understand the meaning and implications of negative gearing.
In a nutshell, the answer is that it is really more a tax strategy. Basically, negative gearing occurs where the costs of renting out an investment property outweigh the rental returns that are received from the rental of that property.
The cost of the loan (i.e. interest on mortgage repayments and stamp duty etc) is taken into account when calculating whether the investment is running at a loss. Some of the other costs of running a rental property that can be used to negatively gear a rental property include body corporate fees, building depreciation, cleaning costs, council rates, insurance costs, land tax, repairs, maintenance and water bills. If the investment is shown to be running at a loss, the Australian Taxation Office allows investors to offset this loss against their income tax assessment. This means that negative gearing on rental property is more a tax strategy than an investment strategy. While it can help property investors to reduce their taxable income in the short to medium term, it should not be considered the main reason for investing in any property. There are, of course, obvious tax advantages to the negative gearing of a rental property. But the purpose of investing, after all, is to receive a positive cash flow and to make a profit. Over the longer term at least, you should be aiming to make a profit from your rental returns rather than a loss. By making a loss in order to negatively gear your investment property, you may be relying too much on making a huge profit when it comes time to sell your property at some point in the future.
We Have The Property Management Team You Have Been Looking For
BETI TRPEZANOVSKI Property Manager Licensed Real Estate Agent
TANJA RADULOVIC Property Manager
REBECCA DAVIS Property Manager Licensed Real Estate Agent
Our trained, professional Property Managers will look after your property as though it were their own. Phone 02 9771 6115
MARGARET CZEKAJ Property Manager Licensed Real Estate Agent
COURTNEY PETERSON Property Officer