market update growing population, and our desire to dwell in capital cities and the coastlines, it’s not surprising we have an enthusiastic buying environment.
Is Australia’s property market starting to crack? Sydney & Melbourne’s auction clearance rates slipped marginally in October, leading to questions about whether the market has started to crack. This emphasises how inclined the 24-hour news cycle is to overemphasising small changes in market conditions. Surging house prices in Sydney and Melbourne continue to feature prominently in the media, and, debate endures about whether this is the result of our low interest rate environment, foreign investment, or the country’s perennial
shortage of housing. Added to this, conflicting data contributes to general confusion while warnings of a housing bubble, from foreign economists who don’t understand the Australian property market, adversely affects the confidence of first home buyers. The reality is that no single contributing factor can be considered in isolation when it comes to house prices. They move in cycles and are substantially driven by confidence. Given the comparatively healthy state of Australia’s economy, the low cost of borrowing, our
However, this isn’t the case everywhere in Australia. Members of First National Real Estate’s coast-to-coast network reveal that many of their markets offer much greater balance than the media perceives. Vendors and buyers are agreeing prices with more give and take, on both sides, than is seen in the high profile auction markets of Sydney and Melbourne. In both of those cities, signs of softening buyer activity are emerging. Nationally, people selling their homes by Private Treaty are also waiting a little longer, and they’re applying larger discounts to their asking price to secure a sale. All of this points to a normalising market. As auction clearance rates come off their record highs and the number of days it takes to sell a property extend
marginally, buyers will notice an improvement in their negotiating position. However, these market measures remain at historic lows so don’t expect a major shake up in conditions anytime soon. One factor relieving upward pressure on prices is the slow down in population growth. Immediately after former Prime Minister, Kevin Rudd’s famous ‘I believe in a Big Australia’ comment in October 2009, overseas migration wound back. Nationally, 2014 growth is down by 4 per cent to 385,000 and, since the September quarter last year, the momentum of growth has subsided. Several factors are certain. Australia will continue to be attractive to migrants; Sydney and Melbourne will continue to be competitive buyer markets, and Australian property will continue to be a reliable long-term investment, delivering stability and wealth to Australians. So, if you’re holding off from buying or selling, talk us. We’ll be happy to explain conditions and outline the best course of action for you.
36 Julie Road, Para Hills This neatly presented home situated on an 826 sq2 corner allotment would be suitable for a family or investor. It is adjacent to a reserve, has views to the coast and is located central to local shopping, schools and close to public transport. · Large lounge/dining area · Kitchen with plentiful cupboards & gas stove · Three bedrooms with built-in robes · Large rumpus room · Three wall air conditioners & comb heating · Central courtyard fern garden · Large corner block with side access · Neat gardens with fruit trees · Carport and tool shed
set out by a friend, while the valuation is the hard line of the law. How do I get one or the other done to my home?
what’s the difference? People often ask ‘what’s the difference between an appraisal and a valuation?’
A valuation has to be completed by a qualified valuer, and can be a complex process - location, structural integrity, zoning, features and a variety of other factors all have to be taken into account to give a full and accurate value of your property. An appraisal can be undertaken by real estate agents, and is not as lengthy a process, but gives you a 'ballpark' figure on how much the house is worth.
Aren't they just the same thing? How do I choose which to get? No, not at all. While valuations and appraisals perform similar functions, they have very different weightings when it comes to your home. A valuation is a definitive value, while an appraisal is more of a general outline of what you can expect people to offer. An appraisal has no legal standing, while a valuation absolutely does. Think of an appraisal as guidelines
Generally, a valuation is used when you're settling on a home sale, perhaps measuring equity against your borrowings or gauging the estate of someone who has passed away - situations in which you'll need an exact figure. An appraisal would be used more often early in the sale process, when you want to get a vague idea of how much you stand to make or lose by selling your home.
BRAHMA LODGE 19 Dorset Street 3 bed 1 bath 1 car $221,000 MAWSON LAKES 7a Grandview Court 3 bed 2 bath 2 car $475,000 MAWSON LAKES 11/9-13 Yates Street 3 bed 1 bath 1 car $220,000 PARA HILLS 43 McMahon 3 bed 1 bath 1 car $274,000 PARAFIELD GARDENS 8 Rosalie Terrace 3 bed 1 bath 1 car $258,000 SALISBURY EAST 12 Bristol Way 3 bed 1 bath 2 car $297,000 Interested in a FREE appraisal? Whether you’re ready to sell or not, we’re happy to bring you up to date with recent results.
express clutter clearing, 3 top tips When you come out of that winter slumber, it's easy to find you've let the house get overrun with items - making your spring clean seem like a gigantic task. However, with these quick tips you can lighten the load, a little at a time - your home will feel clearer and more attractive in no time at all! Make it a race By setting yourself a competitive goal, you can breezily clear through old clothes in less than ten minutes. Simply get yourself a rubbish bag, take on the piles of clothes that have not been sorted through, and see how quickly you can fill it with clothes to give away.
By giving yourself a time limit, you won't just have a quick clean, you'll spend less time umm-ing and ahhing over whether to get rid of items or not which we all know is one of the easiest ways to procrastinate! Take one item at a time Pick a shelf, drawer, or countertop in your home - any one will do - and clear it of everything. Find things you will throw out, and work out exactly what you want to keep. By doing this to just one shelf you'll get an idea for exactly what items you want to keep, be able to see instant results of de-cluttering, and complete it all within five minutes!
Categorise your items Rubbish, charity, or keep - most items you own will fit into one of these three categories. Have a bin or box for each and when you take on small cleaning jobs like organising a cupboard, put everything in one of these.
space in your home extremely quickly, and be able to get on with the important things - like relaxing in your newly cleared living space. Interested in more handy tips? Visit our National Website firstnational.com.au
You'll develop your own system, but make sure everything has a destination.
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don’t be so 20th century In the classic 1986 movie Ferris Beuller’s Day Off, Matthew Broderick fooled his teacher into thinking he was sick at home, in bed, using motion activated voice messages. Now you can fool burglars the same way! The typical security system that sets off a piercing
siren when someone tampers with a door or window is so 20th Century. Step up your homeprotection game with outdoor motion detectors that trigger the Voice of God (actually, a recording of your voice) to ward off wouldbe intruders with a special message such as:
"The police are on the way," "You have been photographed," or some other foreboding statement. It’s easy these days. Just ask a security specialist.
ARE YOU THINKING OF SELLING YOUR HOME? Tim Schwarz 0448 884 599
Jakub Ratajczak 0448 114 454
Contact one of our Sales Consultants for your
FREE MARKET APPRAISAL Today!
Gavin Armstrong 0408 802 350
Paul Taylor 8264 2223
Are You Looking To Buy? Below is a selection of some of our properties currently on the market.
To view all of our properties, visit our website at www.taylorsrealestate.net.au
PARAFIELD GARDENS 41 Pearson Street
For Sale $282,000
This â€œneat as a pinâ€? three bedroom home positioned in an appreciated part of Parafield Gardens is oozing with appeal and features. The separate lounge is connected via an archway to the centrally placed kitchen with gas stove overlooking the dining/family room. The main bedroom has a B.I.R and there is a split system air conditioner for heating and cooling. The double carport with electric roller doors enables drive through access to the large backyard verandah, two tool sheds and rainwater tanks. All conveniently located close to local schools, shops and public transport.
PARALOWIE 48 Lauren Drive
For Sale $269,000
This well presented three bedroom home would be ideal for first homebuyers or those downsizing to an easy care comfortable home. Featuring separate lounge, kitchen with gas cooking and walk-in-pantry, dining/family room with sliding door access to the outside patio, three bedrooms, the master with large walk-in-robe and ensuite two way bathroom, separate laundry and two split system air conditioners. Outside is a carport with auto roller door and neat easy care gardens, and all located in an attractive estate with easy access to a reserve with walking trails, local shops, local schools and public transport.
Published on Nov 5, 2014