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Viking Realty

Weekly News

Property Sales & Property Management

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14 2018

The factors that are really increasing your mortgage

32 Brooks Parade, Belmont NSW 2280 Viking Realty is a family owned and operated business in the heart of Lake Macquarie. We have old fashioned values and pride ourselves on our communication, quality of marketing, ethics, integrity and results. We cater from luxury waterfront executive homes to land sales, commercial sales, developments, acreages and entry level properties. A large portion of our work is referral based which speaks volumes about our team. Viking Realty... Where ”Service Is King"

Louise Vico Managing Director/Agent

M: 0407 Easy and

For many homeowners, the start of each month brings with it renewed stress over what the Reserve Bank will do with interest rates. Will rates stay put for another month, or will things begin tracking upwards for the first time in what seems like forever? While borrowers have enjoyed historically low interest rates for some time now, the golden period won’t last forever, and 2018 is expected to deliver interest rate rises that will mean larger repayments for many people. But while interest rate rises are many homeowners’ primary concern, have you considered other factors that could be impacting or increasing your mortgage just as much as – or more than – any moves that the Reserve Bank makes? Neglecting to review your mortgage This is a big one, and it’s something of a no-brainer. And yet it never ceases to amaze just how many people never review their mortgage. If someone offered you thousands of dollars a year for doing almost nothing, you’d take it, right? And yet hundreds of thousands of Australians are paying more than they should, each and every month. Jonathan Kline-Spink, director of mortgage broking firm, Market Street Finance, says people should evaluate their mortgage every 12 to 24 months to see if they can secure a better deal. “I find that just about every person I speak to that’s got an existing loan is paying 20 or 30 points too much. That can be a couple of thousand dollars a year, easily,” he says. “Look at where it is in comparison to the market. Look at what the exit costs are going to be and if there is any benefit.” “If your bank isn’t going to come down to where the market is, I would strongly advise speaking to someone, reviewing it and looking at all the costs of breaking a mortgage, exiting, refinancing and all that sort of stuff.” The crackdown on interest-only loans While interest-only loans are often most associated with investment lending, there are also owner-occupiers who are borrowing in

this way. But with APRA clamping down on interest-only loans, Kline-Spink says it’s a surefire way to end up paying significantly more, both right now and over the life of your loan. “What I’m seeing in the market is definitely the most affordable mortgages going to owner-occupiers that are paying principal and interest,” he says. “Interest-only repayments are attracting a pretty hefty premium right now, as are investors. For an interest-only loan the premium can be half a percent, based on standard rates.” Comprehensive credit reporting For years, lenders have only had access to ‘negative’ credit reporting – defaults and non-payments etc – when assessing how much of a risk your borrowing poses to them. That is expected to change on July 1, with the Federal Government introducing laws that will require banks to also provide your good credit history to credit bureaus. Kline-Spink says that could put more power in your hands at the negotiating table, and lead to a lower interest rate. “We’re not quite sure how that’s going to impact mortgages, but we’ve got the treasurer saying recently that it could lead to better deals on home loans or on all lending, because lenders will be able to have a more comprehensive view of the borrower,” he says. “It gives the lender a more comprehensive view of the borrower and could therefore lead to better pricing when they see how strong you really are as a borrower.” Paying overs for property Of course, you’ll always be paying off a bigger mortgage if you borrow more in the first place. Kline-Spink says borrowers who take their budget to its maximum could find themselves significantly impacted in the coming months and years. “Not having a good enough deposit will add lender’s mortgage insurance (LMI), which can be really substantial in a lot of cases,” he says. “Avoiding LMI could be through a guarantor loan. There are some creative ways to limit or reduce LMI as well.” “Also ensure you’re not overpaying for your property, which will then add more onto your mortgage. Have a strategy for auction day and have a really definite maximum that you’re willing to go to.” Article source: https://www. realestate.com.au/advice/

t: 02 4945 0335 | a: 32 Brooks Parade, Belmont NSW 2280 e: enquiries@vikingrealty.com.au

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New

2/65 Lewers Street Belmont $750,000 - $800,000 4

2

2

Rare Offering!

Set within a boutique complex of only 2 homes, this expansive townhome takes advantage of a northerly aspect and bush reserve at the rear creating a tranquil and peaceful surrounding. With an open and versatile design, this home provides a place for the family to grow into for the many years to come. A townhouse of this size within this position and aspect is extremely rare and will need to be seen to be appreciated. Located only minutes to local shops, Green Point Reserve, Belmont 16’s sailing, Belmont Hospital, bus stop, schools, parks, sporting clubs and so much more. This is more than just a home, it’s accompanied by a wonderful family-friendly lifestyle that offers a little bit of something for everyone.

Inspect: Saturday, 7th April between 11:30am - 12:15pm

21 Burwood Road, Whitebridge $4.3mil - $4.73mil 5

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1ha

Somerford - Ultra Modern Luxury Living

SOMERFORD - A private coastal escape, a sanctuary for the soul yet mere minutes from Newcastle’s CBD. Offering the very best in uncompromised living Somerford is nestled within a coastal and bushland setting, you will be absolutely spoiled for choice with the array of lifestyle opportunities within such close proximity to this very private and exclusive property. Whitebridge is situated approximately 151km North of Sydney and is bordered by stunning beaches to the east including much of the Glenrock State Conservation area and The Glenrock Lagoon with scenic views, walking tracks, waterfalls and picnic spots. The Historic 16km Fernleigh track runs along the rear of the property providing a modern cycleway and walking track. Two of the city’s major shopping centres are within 5km of the property. Cafes, restaurants, pubs, clubs, schools, parks, public transport, boating spots, kayaking, surfing, swimming, sporting clubs are all close by. Nearby access to the Highway to go North or South and so much more all come together to make this one of the best locations within Newcastle and The City of Lake Macquarie.

Inspection By Appointment

t: 02 4945 0335 | a: 32 Brooks Parade, Belmont NSW 2280 | e: enquiries@vikingrealty.com.au

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7 Genoa Close Belmont $699,000 - $749,000 4

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2

1308m2

Premier Family Location

This solid brick and tile family home offers stylish and low-maintenance living with all of your living, bedrooms and entertaining on the upper level. * Expansive carpeted living room with combustion fireplace and split system air conditioner. * Balcony off the living room offers an elevated easterly aspect * Dining room adjoining the kitchen. * Modern kitchen with Caesarstone benchtops and quality Euromaid appliances. * Rear entertaining area with built-in BBQ overlooking the yard. * Fully landscaped yard with irrigation system. This abode is centrally located in popular and ever growing Belmont, within close proximity to public transport, reputable schools, Redhead Beach, The Fernleigh track, Croudace Bay boat ramp, major shopping centres, cafes and restaurants.

Inspection By Appointment

97 Ross Street Belmont $980,000 - $1,070,000 3

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2

538m2

Panoramic Lake Vistas

Set within a blue-chip and highly-sought after location, this solid brick home offers a relaxed and versatile lifestyle. Featuring all of your living, kitchen, bedrooms, bathrooms and entertaining on the upper level. - Carpeted lounge/dining room with ornate ceiling rose, ceiling fan & split system air conditioner. - Sun-drenched family room at the rear overlooking the tropical gardens. - Downstairs utility room currently being utilised as a home office. - Entertainers balcony off the lounge/dining room overlooking the lake. - Large kitchen with brand new appliances & central to both living areas. Lake Macquarie offers an abundant lifestyle that will offer something for every member of the family. Whether you enjoy walking, biking, kayaking, fishing, hiking, boating, jet skiing, sports or more, you will be absolutely spoiled for choice.

Inspect: Saturday, 7th April between 2:00pm - 2:45pm

t: 02 4945 0335 | a: 32 Brooks Parade, Belmont NSW 2280 | e: enquiries@vikingrealty.com.au

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Sold

This versatile home offers a beautiful lifestyle with a clever floor plan that flows 2 heron Place seamlessly from the inside to out. Enviably located in popular Green Point estate, this pet-friendly abode has been newly renovated and offers a warm, inviting and Belmont tranquil atmosphere. Tastefully appointed for easy modern living configured with a large open plan kitchen, dining and 2 separate living areas. Contemporary and a tropical setting with an expansive outdoor entertaining area $1,050,000 - $1,150,000 gardens complement the sparkling in-ground solar heated pool.

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3

887m2

Luxurious Single Level Living

20 Violet Town Rd Tingira Heights $1.280mil - $1.4mil 6

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4

1.01ha

Deluxe & Versatile Acreage Living

Centrally located modern kitchen with Dekton benchtops, breakfast bar, pantry, dishwasher, Westinghouse oven & gas 5 burner cooktop, dual sinks and ample bench and cupboard space. Situated within minutes to Green Point Reserve, Belmont Hospital, Lake’s edge, cycling paths, boat ramp, major shopping facilities and buses that run straight past the home. There is nothing to do but move in and enjoy this immaculately presented home.

Set amongst the treetops with pristine natural surroundings, this tri-level brick home offers an extremely versatile floorplan that would ideally suit families, tradies or someone looking to work from home. Exuding a contemporary yet warm and inviting rustic charm you will instantly feel at home as soon as you enter the residence and take in the soaring raked ceilings and private outlook. - Offering multiple living areas- Well-equipped gourmet kitchen with timber flooring, Miele dishwasher, Highland 4 burner cooktop, Kleenmaid oven, walk-in pantry, appliance cupboard, walk-in pantry and bay window overlooking the front garden.- 6 bedrooms + study or 5 bedrooms + study & home office. - 3 bathrooms – one on each level.- Double garaging plus an additional shed with extra height. - Covered deck on each level with lake glimpses and natural bushland outlook. Very rarely are we presented with a home that offers so many features and will suit so many different buyers and lifestyles. Set within minutes to local beaches, parks, schools, shops, restaurants, cafes, pubs, lake’s edge and so much more.

Inspect: Saturday, 7th April between 12:45pm - 1:00pm

t: 02 4945 0335 | a: 32 Brooks Parade, Belmont NSW 2280 | e: enquiries@vikingrealty.com.au

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18 Ross Street Belmont $1.8mil - $1.95mil 4

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2

539m2

Modern Waterfront Living in Central Belmont

18 Elizabeth Street Eleebana $670,000 - $720,000 4

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2

478m2

Desirably Positioned Brick Home

The opportunity to live a life of luxury on one of Belmont’s best blue ribbon and highly sought-after waterfront locations is now available. Set over 2 levels, this beautifully presented brick & tile residence with crisp, contemporary tones complemented by light soaked interiors gives the feeling of tranquillity and modern living. - Multiple living options - Gourmet kitchen boasts stainless steel 900ml Blanco oven, gas cook top, range hood, dishwasher, mosaic feature splashback and pantry. - 4 bedrooms upstairs with built-in robes. Master bedroom offers walk-in robe, ensuite and lake views. - Rear entertainers deck is perfect for family events or simply just kicking back with a coffee or a wine (depending on the time of day) and watch the boats sail by.

Inspection By Appointment

Whether you are deciding to upsize, downsize, invest or buy your first home, this is a wonderful opportunity with enough space to grow within an area that supports family life. A classic & uncompromised original floor plan design showcasing: * 2 private living areas plus dining * Modern renovated kitchen * 4 large bedrooms or 3 bedrooms with built-in robes + rumpus with the master offering an ensuite * Large double garage plus workshop with internal access * Ducted air con, private courtyard & landscaped gardens Walk to Eleebana Public School, the lake’s edge with boat ramp or head 2 doors down and take advantage of a large oval and playground for the kids. Only minutes to Warners Bay shopping, High School, restaurants, pubs, cafes and so much more.

Inspect: Saturday, 7th April between 10:30am - 11:00am

t: 02 4945 0335 | a: 32 Brooks Parade, Belmont NSW 2280 | e: enquiries@vikingrealty.com.au

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10 Eagles Nest Close Belmont North $1.650MIL - $1.775MIL 4

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3

1.068ha

Prestige 2.6 Acre Retreat

40 Quinn Street Catherine Hill Bay $499,000 - $539,000

597.7m2 blank canvas ready for your dream home

Spacious and remarkably private, this picture perfect acreage has been crafted by a builder for a wonderful family lifestyle securing an exceptional 1.068ha position within Belmont North’s tightly held precinct. A charming and tranquil home set within a natural bushland lifestyle setting you are surrounded by an abundance of native flora and fauna with filtered views out to Redhead Bluff and the ocean. This unique offering will leave you captivated from the moment you enter the grounds and offers the perfect setting for executive and growing families seeking a private residence within close proximity to lifestyle amenities and experiences. Surrounded by other acreages and located within minutes to schools, bus stop, beaches, parks, shops, cafes, restaurants, Belmont CBD, and nearby access to the Highway straight to Newcastle CBD or Sydney, Charlestown Square Shopping, Lake Foreshore and so much more. This exceptional home is a must see.

Inspection by Appointment Only

Time for a sea change or a new beginning? This 597.7m2 vacant corner block offers endless possibilities for an array of buyers set within the newly established stage 2 of the “Beaches” subdivision. This is not just a place to call home, it’s a wonderful beachside lifestyle surrounded by fresh modern homes and stunning landscapes all around. Imagine a life where time is measured by the ebb and flow of the tide, where traffic consists of native wildlife, ships on the horizon under full sail and where a morning walk is taken through the bush path down to the water’s edge only metres away to simply relax and enjoy the peace and tranquillity. Join this growing suburb and be a part of a new history for Catherine Hill Bay with easy access to the Pacific Highway nearby, only 1 hour to North Sydney and 45 minutes to Newcastle CBD.

t: 02 4945 0335 | a: 32 Brooks Parade, Belmont NSW 2280 | e: enquiries@vikingrealty.com.au

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29 Boyd Street Swansea $1.5MIL - $1.65MIL 5

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1222m2

Executive Waterfront Reserve Living!

1-3/15 Tallawalla Rd Valentine

3 Off The Plan Incredible Opportunities

Designed with style and sophistication in mind and idyllically positioned on the lake’s edge, this spacious dual level home sits on a generous individual title of 1,222m2 block. * Multiple living areas spread over two levels including formal and informal living and dining options. * Kitchen at the rear of the home adjoining living and meals area 5 well-proportioned bedrooms or 4 + study. All bedrooms with built-in robes and ducted air conditioning with the substantial master retreat offering ceiling fan, dressing room, ensuite with spa bath and private balcony taking in stunning water views. Whilst outdoor living boasts a generous covered entertainment area, complete with salt-water pool, this home still clearly qualifies in the popular low maintenance category with the added convenience of a reserve at the rear of the home for an extended backyard in which you don’t need to maintain.

Townhome 1: 4 bed, 2 bath, 1 car, 169.7m2 Townhome 2: 4 bed, 2 bath, 1 car, 163.9m2 Villa 3: 3 bed, 2 bath, 1 car, 129.4m2

$749,000 - $799,000 $740,000 - $790,000 $640,000 - $690,000

Boasting a fresh and unique design complemented by cool, crisp contemporary tones throughout, these light-filled and spacious homes are the latest innovation in stylish and affordable lakeside living. With an emphasis on quality and contemporary finishes, fixtures and fittings, each spacious home has been individually designed to enhance free flowing and open plan living spaces and a low-maintenance design. * Air-conditioned open plan living, dining and kitchen, with 600 x 600mm floor tiles. * Galley kitchen with 20mm Caesarstone Osprey benchtops, pantry, soft-close doors & drawers, stainless steel appliances - dishwasher, microwave, 900mm free-standing electric oven and gas cooktop, rangehood and glass splashback. * Raked ceilings with highlight glass, capturing the natural light.

t: 02 4945 0335 | a: 32 Brooks Parade, Belmont NSW 2280 | e: enquiries@vikingrealty.com.au

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PROPERTY MANAGEMENT

For Lease $1050/week 12 Ross Street, Belmont

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4

3

Remarkable Lakeside Abode

Enjoying a magnificent absolute waterfront position on one of Belmont’s most coveted streets, this low-maintenance residence presents an exceptional family lifestyle. Upon entering through the light-filled entry you are greeted with a spacious and open floor plan flowing seamlessly throughout. Separate air conditioned living options both adjoining entertaining spaces overlooking the water. Upstairs kitchen is central to living, dining and entertaining providing the perfect space to interact with guests or family whilst preparing meals 4 carpeted bedrooms (2 downstairs, 2 upstairs), each with built-in robes and main bedroom with access to 2-way ensuite and walk-in robe. Available: Thursday, 12th April 2018. Small pets considered.

For Lease $1050/week

Leased $465/week 49 Evans Street, Belmont

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1

Freshly Renovated Home

This quaint, freshly renovated three bedroom, one bathroom home has been brought back to life with a complete makeover. A lovely family home boasting a stylish combined kitchen/ dining room, spacious bathroom complete with a claw foot bath for unwinding at the end of the day. There is a large lock up garage at the rear of the property with a low maintenance yard and established garden. Pets will be considered on application. Available: Saturday, 7th April 2018. Pets considered on application.

www.vikingrealty.com.au

For Lease $580/week 53 Deane Street, Belmont

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Modern Stylish Family Home

This stylish new home is centrally located and close to all essential amenities. Consisting three bedrooms, two bathrooms and double lock up garage. Well appointed, open plan and very spacious this is the ideal family home. The modern kitchen has more than ample cupboard space and features stainless steel appliances. This opens up onto the combined living and dining areas creating a fabulous space, ideal for sharing time with the family or entertaining. Landscaped gardens and large fully enclosed back yard. Lawn Maintenance is included in the rent. Available: Monday, 9th April 2018. No Pets.

Looking for a second opinion for your rental or in search of a good property manager? Check out just a few points of what sets us apart from the rest. Direct mobile number to reach your Property Manager. Talk to a real person when you need to and who will actually return your phone calls. Low turnover of Property Managers. There is nothing worse than having to re-explain your property and needs to a new Property Manager every few months. We take care of our staff and they in turn, take care of you. Simple. A lot of tenants don’t work weekends which is why we do. We understand the importance of weekend or after hours inspections to get you the best tenant possiNatalie Carthew Property Manager M: 0409 587 883

T: 02 4945 0335 | F: 02 4945 9035 | E: natalie@vikingrealty.com.au A: 32 Brooks Parade, Belmont NSW 2280

The material in this newsletter is not and should not be regarded as legal or financial advice. Users should seek their own legal, financial or real estate advice where appropriate. Every effort is made to ensure that the material is accurate and up to date. However, we do not guarantee or warrant the accuracy, completeness, or currency of the information provided.

Viking Realty Weekly News  

Edition 14 - 2018

Viking Realty Weekly News  

Edition 14 - 2018

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