FOR THE HOME OWNER, THE HOME SELLER AND THE HOME BUYER
ISSUE 408
Western Property Your complete guide to real estate in western Sydney
COOL CURTAINS
HOW TO MAKE A DESIGN STATEMENT SEE PAGE 3
OUR BUY OF THE WEEK
OPEN HOMES & RENTALS GUIDE
OUR EXPERT BROKER
SEE PAGE 9
SEE PAGE 12
SEE PAGE 17
Put Our Winning Team to Work For You Phil Haley 0412 355 020
Litsa Meleti 0466 969 164
Gizzelle Powell 0428 934 618
Paul Tanner 0410 587 553
Peter Parker 0408 432 998
Victor Borg 0439 755 081
NOBODY IN THE WORLD SELLS MORE REAL ESTATE THAN RE/MAX.®
SMARTSPACE EASY, CONVENIENT SELF-STORAGE 1-13 LELAND STREET, PENRITH SmartSpace Strata Storage Units and Mini-Warehousing For Sale from $145,000 + GST Lease from $200 + GST/week Ready for occupation in September 2022 • Units range from 30sqm – 121sqm
• Secure gated estate with 24/7 access
• All units with mezzanines
• Ideal for trades people, boat or caravan owners and personal storage
• Occupy or Invest – appx 7% net return with high capital growth
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A place where you are in control of when and how you work, where state-of-the-art amenities are at your fingertips, and nearby infrastructure supports your venture.
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For further information, please contact Yal Kaya on 0421 664 666 or visit https://www.smart-space.com.au Western Property Magazine
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NEWS FEATURE
MAKING A STATEMENT CHOOSE YOUR CURTAINS CAREFULLY Window treatments might be the last thing you think about when designing your space but they're the finishing touch that every room needs. When it comes to curtains, they can make or break the look of a room. Not only do they make a space feel finished, but they have the ability to transform an interior, whether it’s creating the illusion of a higher ceiling, drawing the eye across a room, or framing views to a beautiful vista outside. With patterns sourced from creative houses across the globe, the all-new Luxaflex Curtain prints collection, has innovative prints that connect the outside world with evocative colourways of the coast to vibrant hues of the tropics. When it comes to choosing a print curtain Neale Whitaker, interior design expert and Luxaflex National Brand Partner, has plenty of advice. “Choosing a print curtain is similar to choosing a large artwork or wallpaper. Ask yourself these questions; What statement are you looking to make? Do you
want a print that complements your existing colour palette and decor, or contrasts with it? Do you want the print curtain to be the main focus of the room, or be a backdrop to other furnishings?” he said. If the answer is the former, then Neale suggests one of the more decorative prints. If it’s the latter, then opt for a softer, more abstract print. “Full-length print curtains will always make more impact than short curtains, and a contemporary twist is to use prints in conjunction with blinds or sheers. Not only will they look beautiful, but the additional layer will protect your print from the strong Australian light,” he said. Neale is a firm believer in bending the rules when it comes to interior design, and sometimes even breaking them, however, prints should always be considered carefully, as you want them to be a focus of your room, that's why you've chosen them. For those who love to bring the garden into their homes and add a pure dose of harmony to their décor, the Luxaflex new prints
Western Property
EDITORIAL CONTACT Troy Dodds • 4722 2998 troy.dodds@westernweekender.com.au
ISSUE NUMBER 408
Western Sydney Publishing Group
collection, “Vintage Garden” and “Fuji Canopy”, will add a floral and foliage explosion to a space. With a selection of colours ranging from monochromatic blacks and greys to the sophisticated glamour of gold, as well as a choice of fabrics, such as luxury velvet, faux silk and linen, the floral options will add a pure dose of harmony to the room. For a Japanese-inspired floral, “Sakura Blossom” is a print with delicate blossom flowers on a backdrop of silk, linen or voile fabric.
For an alternative to a floral print, try a colourful botanical-inspired print such as the Luxaflex “Yansu Tropics” collection which creates natural appeal and evokes a sense of bringing the tropical outdoors into your home. Or, if you like a touch of East meets West, the “Peijing” range (pictured) adds character and charm with its modern and bold colours of Zest green, Jet black and Indigo blue which will add a true style statement. Visit www.luxaflex.com.au.
SALES DIRECTOR ARTWORK Chris Pennisi • 0421 121 985 Brooke Noha • 4722 2998 chris.pennisi@westernweekender.com.au artwork@westernweekender.com.au
Instantly view flooring, rug & window furnishing options in your own home!
Inspire & Visualise with RoomView www.facebook.com/westernpropertymag
Choices Flooring Penrith 131 Coreen Avenue, Penrith 4731 4242 Western Property Magazine
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BINET HOMES
Every Home Custom Designed and Master Built for Over 50 Years
As experts in both home design and construction, we're here to help you make the most of the space you have. As property prices increase, why not create your forever home right where you are? From design to completion, our team and process guarantee that you get your dream home stress-free, on time, and on a schedule that works for you.
Display Home : 2 Mahony Street Pitt Town
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binethomes.com.au | 9868 3222
Western Property Magazine
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HAZELBROOK
21 Falcon Street
Opportunity knocks! This three bedroom property has definitely seen better days and is not for the faint of hearted. Bring your tools or knock it down. Sitting on approx. 960m2 block with a great outlook and mountain views, it's an opportunity waiting to happen. Email us to register your interest or call 02 4758 9444 for more information.
FOR
$49
VICKI FOWLER
02 4758 9444
HAZELBROOK
21 Falcon Street
Opportunity knocks! This three bedroom property has definitely seen better days 3 3 your tools or knock it down. 3BED 11 11 BATH CAR BED K 2121Falcon Falcon HAZELBROOK Street 21 Falcon Street BATHand mountain CAR views, it's an o Sitting on approx. 960m2 block with aBED great outlook Street us toofregister your for more information. This three bedroom Opportunity property knocks! has definitely This threeseen bedroom betterproperty days andhas is not definitely for the seen faint of better hearted. daysBring and is not forEmail the faint hearted.FOR Bringinterest SALE or call 02 4758 9444FOR SALE VIEW his three bedroom property has definitely seen better days and is not for the faint of hearted. Bring FOR SALE VIEW 3 1 1 down. your tools or knock it down. $495,000 Sat 16 Jul, 12:00 $495,000 - 1:00PM Sat 1 BED BATH CAR $495,000 Sat 16 Jul, 12:00 - 1:00PM Kdown. 21 Falcon Street 0m2 block with Sitting a great on outlook approx. and 960m2 mountain block with views,a great it's anoutlook opportunity and mountain waiting toviews, happen. it's an opportunity waiting to happen. VICKI FOWLER m2 block with a great outlook and mountain views, it's an opportunity waiting to happen. our interest orEmail call 02 us 4758 to register 9444 your for more interest information. orbetter call 02days 4758and 9444 forfor more information. This three bedroom property has definitely seen is not the faint of hearted. Bring FOR SALE VIEW ur interest or call 02 4758 9444 for more information. down. $495,000 Sat 16 Jul, 12:00 - 1:00PM 0m2 block with a great outlook mountain views, it's an opportunity waiting to happen. WLER VICKI and FOWLER WLER our interest or call 02 4758 9444 for more information. c21.com.au/hazelbrook c21.c
02 4758 9444
58 9444 8 9444
WLER
02 4758 9444
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8 9444
024758 47589444 9444 02
c21.com.au/hazelbrook
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02 4758 9444 5
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Commercial leasing at the heart of Oran Park. Work at the Park. • • • • • •
•
Suites and whole floor opportunities available Over 250 secure underground car spaces Naming rights currently available Construction due for completion early 2023 15 mins to Campbelltown, 45 min to Parramatta & 60 mins to Sydney CBD Under 20 minutes from the new Western Sydney Airport (completion 2026)
Acquire early market share and invest in your business’ future by becoming a part of Oran Park. commercial@greenfields.net.au 02 9043 7500 commercial.oranparktown.com.au
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Oran Park Town is rapidly becoming the best place to live, work and play in South West Sydney, and your business has an opportunity to meet to the needs of the fastest-growing region in NSW.
*Images are computer generated and indicative only
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BUY OF THE WEEK
IT’S TIME TO RISE UP
9 Maple Tree Road, Westmead 2 BEDROOM | $690,000 – $830,000 3 BEDROOM | $890,000 – $1,137,000 Open For Inspection time: Tuesday – Sunday 10am – 4pm 7 Farmhouse Road, Westmead Contact: Deicorp Properties & Boston Marketing 1300 031 272
What makes this property stand out? • Tallest tower in Westmead • Fantastic unobstructed views • Close to train, light rail, employment opportunities, hospital and university • New retail precinct almost completed across the road. • Pool and communal gardens/BBQ area. Who should buy this property? • Downsizers • FHB • Young families, many who cannot afford to be able to buy a house in the area, can enjoy the resort style facilities at Highline. What’s the suburb like? With an incredible $5.8 billion to be invested over the next decade, Westmead is set to become Australia’s fastest growing economy. Get connected to the future from the best place to be and grow – Westmead Rise and its first stage Highline.
Boxes from
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REMOVALS • SELF STORAGE • BOX SHOP 142 Old Bathurst Rd, Emu Plains PH 4735 7000 www.hitchens.com.au
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$
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NOBODY IN THE WORLD SELLS MORE REAL ESTATE THAN RE/MAX.® Office: 233 High Street, Penrith NSW 2750
DUAL KEY
DUAL KEY NSW 3 Queensland
4+1 + 352+1 23 1+1 12
2
1
+ 2
Just Listed $670K
1
1
Registered Land
IDEAL INVESTMENT (GOOD FOR SMSF) Sale : Contact Agent Inspection: By Appointment GIZZELLE POWELL M: 0428 934 618 E: gizzellepowell@remax.com.au
Potential Rental Return: • 4 bedder - $420 to $430 per week • 1 bedder - $310 to $330 per week Total Potential Rental Return: $730 to $760 per week
LAND AREA: 720m2 Fixed turnkey package: $638,500 Potential combined rent: $870 per week This package won’t last LITSA MELETI
Want to know more? Call me on 0466 969 164 Your Investment Specialist
Very Happy Vendor -
Thank you for the positive experience Litsa Thank you Litsa for a wonderful experience. After seeing how you managed the sale of my daughter’s house for a record price, I had supreme confidence in you managing ours also. We’re extremely pleased with the results and Litsa hand holding us through the process. She is always available and help ease our anxiety. We sold in a dying market but somehow Litsa managed to get the sale in the top end of our asking price. This shows her skills and intimate knowledge of our area. If you need a reference, please do not hesitate to contact me. – Kind regards Elizabeth & Alex. – Verified by RateMyAgent
Thinking of Selling or Investing? Please give me a call or SMS Litsa on 0466 969 164
22 & 24 Edith St, Kingswood
4+4
2+1
3/11 Australia St, St Marys Gwandalan
2+2
2
1
1
Separate Laundry
Best Investment Villa
Just Listed Your Call! Invest, Develop or Land Bank Land size: 1300m2 Open Home: Sat, 5-5:30pm
GIZZELLE POWELL M: 0428 934 618 E: gizzellepowell@remax.com.au
1.1km to train/shops Priced to Sell: $440,000 Potential rent: $420-$450pw
LITSA MELETI Want to know more? Call me on 0466 969 164 Your Investment Specialist WW46730
Put Our Winning Team to Work 10
Phil Haley 0412 355 020
Western Property Magazine
Litsa Meleti 0466 969 164
Gizzelle Powell 0428 934 618
Paul Tanner 0410 587 553
Victor Borg 0439 755 081
Peter Parker 0408 432 998
www.facebook.com/westernpropertymag
NOBODY IN THE WORLD SELLS MORE REAL ESTATE THAN RE/MAX.® Office: 233 High Street, Penrith NSW 2750
Address/Suburb lowercase Boarding House, St Marys area
12 Rooms
Address/Suburb lowercase 93-95 Lewis Street, Mudgee Mudgee Hospital
4 x bedsit units 5 x 1 bedroom units 1 x 2 bedroom double storey house 1 x 3 bedroom single storey house 11 homes Gross income: $187,000 approx
Investments 6% Rental Yields LITSA MELETI M: 0466 969 164 E: litsameleti@remax.com.au
1.4km to St Marys train station Gross rent $108,680 approx.
20/32 O’Brien Street, Mt Druitt
4
2.5
2
Just Listed
INVESTMENTS 6%+rental yield Opposite Mudgee Hospital 50m Town Centre 1.5km
LITSA MELETI M: 0466 969 164 E: litsameleti@remax.com.au
3/131 Stafford Street, Penrith
4
2.5
2
Just Listed
4-Bedroom Townhouse In An Ideal Locale GIZZELLE POWELL M: 0428 934 618 E: gizzellepowell@remax.com.au Open Home: Call Gizzelle
31 John Oxley Ave, Werrington County 4
1.5
1+1
Just Listed
Nearly New 4-Bedroom Townhouse Open Home: Call Gizzelle
GIZZELLE POWELL M: 0428 934 618 E: gizzellepowell@remax.com.au
17 Guildford Rd, Cambridge Park
4
4
1+1
1
Just Listed
Ideal For Blended Family, Growing Family GIZZELLE POWELL Or Astute Investors M: 0428 934 618 E: gizzellepowell@remax.com.au Open Home: Call Gizzelle
Nearly New Duplex Impressive At Every Turn Open Home: Call Gizzelle
GIZZELLE POWELL M: 0428 934 618 E: gizzellepowell@remax.com.au WW46731
What’s your Property worth? www.facebook.com/westernpropertymag
Book your FREE Appraisal now with one of our Winning Team on 4732 6007 Western Property Magazine
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OPEN HOMES & RENTAL PROPERTY GUIDE westernpropertyonline.com.au | facebook.com/westernpropertymag
OPEN HOMES ADDRESS
SUBURB
PROPERTIES FOR RENT TIME
OPEN HOMES
AGENT Saturday 30th July
Cambridge Park 11 - 11.30am
Penrith Professionals
COLYTON 2 Burford St
Colyton
10:15 - 10:45am Professionals St Marys
Erskine Park
1 - 1:30pm
Professionals Erskine Park
18 Mohawk Pl
Erskine Park
11:30 - 12pm
Professionals Erskine Park
Glenmore Park
11 - 11:30am
Professionals Erskine Park
KINGSWOOD Kingswood
10 - 10.30am
Penrith Professionals
9:30 - 10:00am Professionals St Marys
9673 4422 St Marys Professionals
$420pw
9673 4422 St Marys Professionals
2 br grannyflat
$380pw
4725 3100 Penrith Professionals Real Estate
3 br home
$430pw
9673 4422 St Marys Professionals
4 br home
$700pw
9673 4422 St Marys Professionals
$475pw
4725 3100 Penrith Professionals Real Estate
4 br house
$550pw
4725 3100 Penrith Professionals Real Estate
2 br unit
$305pw
4725 3100 Penrith Professionals Real Estate
$400pw
9673 4422 St Marys Professionals
CRANEBROOK
Emerton
ERSKINE PARK GLENMORE PARK Glenmore Park
3 br house
Jamisontown
LETHBRIDGE PARK Lethbridge Park 3 br home
North St Marys
2 - 2:30pm
Professionals St Marys
Oxley Park
1 - 1:30pm
Professionals St Marys
SOUTH PENRITH South Penrith
12 - 12:30pm
Professionals Erskine Park
ST CLAIR
PENRITH Penrith
2 br unit
$280pw
4725 3100 Penrith Professionals Real Estate
Penrith
1 br studio
$310pw
4725 3100 Penrith Professionals Real Estate
Penrith
2 br unit
$260pw
4725 3100 Penrith Professionals Real Estate
Penrith
3 br townhouse
$500pw
4725 3100 Penrith Professionals Real Estate
Penrith
2 br unit
$430pw
4725 3100 Penrith Professionals Real Estate
1 br grannyflat
$250pw
9673 4422 St Marys Professionals
SHALVEY Shalvey
89 Rotorua Rd
St Clair
2 - 2:45pm
Professionals St Marys
30 Coowarra Dr
St Clair
1:45 - 2:30pm
Professionals Erskine Park
ST MARYS
SOUTH PENRITH South Penrith
3 br house
$480pw
4725 3100 Penrith Professionals Real Estate
South Penrith
3 br house
$550pw
4725 3100 Penrith Professionals Real Estate
St Marys
2 br unit
$250pw
9673 4422 St Marys Professionals
St Marys
2br home
$360pw
9673 4422 St Marys Professionals
3 br home
$350pw
9673 4422 St Marys Professionals
ST MARYS
1/32 Carrington St
St Marys
11 - 11:30am
9,11&12/54 King St
St Marys
11:45 - 12:15pm Professionals St Marys
23 Kalang Ave
St Marys
3 - 3:30pm
12
$270pw
3 br home
Kingswood Mount Druitt
OXLEY PARK
32 Lorne Ave
1 br studio
Colyton
KINGSWOOD
NORTH ST MARYS
15 Canberra St
9673 4422 St Marys Professionals
JAMISONTOWN
MOUNT DRUITT
27 Catalina St
$460pw
Colyton
Erskine Park
GLENMORE PARK
19 Vincent St
AGENT
EMERTON
14 Dilga Cres
4/174 Great Western Hwy
RENT
COLYTON
Cranebrook
ERSKINE PARK
16/1 Glenmore Park Dr
DESCRIPTION
CAMBRIDGE PARK Cambridge Park 3 br townhouse
CAMBRIDGE PARK 24A Cam St
SUBURB
Western Property Magazine
Professionals St Marys
Professionals St Marys
WILLMOT Willmot
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Outer Western Sydney OPEN HOME
1/32 Carrington Street, St Marys
FOR SALE
View Property
Lethbridge Park
View Property
Duplex In Carrington Street Ideal For The Investor • Tiled entry, dining & kitchen • 2 x split system air conditioners • Modern bathroom with spa bath • Garage with power door & internal access • Fully fenced • Close to all amenities • Currently tenanted for $410 per week
3
1
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The Perfect Set & Forget Investment
Contact Agent
• Updated kitchen with ample cupboard space • Split system air conditioning • Side access • Lock-up garage behind gates • Situated on a 588m2 block with a large rear yard • Fantastic long-term tenant that would love to stay • Close to schools, shops & transport
INSPECT Sat 30 July at 11:00am – 11:30am ADDRESS 1/32 Carrington Street, St Marys CONTACT Professionals St Marys 9673 4422 Rob Masters 0414 281 291
AUCTION
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$639,950 - $679,950 INSPECT By Appointment ADDRESS Lethbridge Park CONTACT Professionals St Marys- 9673 4422 Jessica Grant- 0418 745 442
Lot 54/1 & 38/17 Gulshan Avenue, Claremont Meadows
Corner Lot, A Huge Home Or A Large Detached Duplex • May lend itself to a healthy size home or a detached Auction Coming Soon duplex (STCA) AUCTION • Close to local amenities ADDRESS • Lot 54/1 Gulshan Avenue (corner Pandorea Street) 803.3m2 corner block CONTACT • Lot 38/17 Gulshan Avenue (corner of Punjab Street) 706.3m2 block • House & land packages now available in this new subdivision
View Property
OPEN HOME
16/1 Glenmore Ridge Drive, Glenmore Park
FOR SALE
View Property
Live in Or Invest, Your Choice!! • 2 bedrooms with BIRs & ensuite to main • Modern kitchen with gas cooking & dishwasher • Spacious living & 2 balconies • Tenant would like to stay on but will move if need be • Underground car park • For more information call Wayne on 0412 462 672
Sat 6 August at 11:00am On Site Lot 54/1 & 38/17 Gulshan Avenue Claremont Meadows Professionals St Marys 9673 4422 Terry Hansen 0418 245 683
Erskine Park
View Property
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2
1
5 Blue Chip Investment House & Granny Flat Returning $870 $1,149,950 • Main house is a 3 bed rendered brick veneer with
Contact Agent INSPECT Sat 30 July at 11:00am – 11:30am ADDRESS 16/1 Glenmore Ridge Drive, Glenmore Park CONTACT Professionals Erskine Park 9834 3555 Wayne Teudt 0412 462 672
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a tile roof INSPECT By Appointment • House is completely renovated with a spacious backyard ADDRESS Erskine Park • Completely separate, council approved 2 bedroom CONTACT Professionals Erskine Park 9834 3555 granny flat Angelo Mavris 0425 361 696 • Granny flat includes open plan design, air conditioning & a good sized yard
professionalsouterwesternsydney.com.au 14
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Outer Western Sydney OPEN HOME
15 Canberra Street, Oxley Park
OPEN HOME
89 Rotorua Road, St Clair
View Property
View Property
R3 Zoned With About 26.74m Frontage . . .
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1
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Perfect First Home Or Astute Investment
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• 3-bedroom home $700,000 - $729,000 • Carport INSPECT Sat 30 July 1:00pm - 1:30pm • Currently tenanted ADDRESS 15 Canberra Street, Oxley Park • Reasonably level block • An approx. 626.9 sq. metre block CONTACT Professionals St Marys 9673 4422 • A property to start your investment career with or the Terry Hansen 0418 245 683 potential for a duplex development perhaps (STCA)
• 625m2 block, with opportunity for granny flat STCA Contact Agent • Situated in a fantastic cul-de-sac INSPECT Sat 30 July 2:00pm – 2:45pm • Close to schools, shops, transport & M4 ADDRESS 89 Rotorua Road, St Clair • Beautifully paved area in the huge backyard • Huge detached double garage CONTACT Professionals St Marys 9673 4422 • Well-appointed bathroom includes a separate bathtub Rob Masters 0414 281 291 and shower
OPEN HOME
OPEN HOME
11 Pendock Road, Cranebrook
View Property
Opportunity Knocking • 3 bedrooms, with ceiling fans • Fully renovated kitchen with amble cupboard space • Natural timber flooring • Second living area with fireplace nights • Drive thru garage & carport behind closed gates • Double driveway and great side access
View Property
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1
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$775,950 - $799,950 INSPECT Sat 30 July 11:00am - 11:30am ADDRESS 11 Pendock Road, Cranebrook CONTACT Professionals St Marys 9673 4422 Jessica Grant 0418 745 442
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Looking For Something Unique? • Great 809m2 block of land! • Big timber kitchen • 3 living areas • 5 bedrooms, main is split level with a combustion fire • Side access with a large workshop • Large fully fenced yard • Double carport
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Just Listed!! INSPECT Sat 30 July 12:00pm – 12:30pm ADDRESS 32 Lorne Avenue, South Penrith CONTACT Professionals Erskine Park 9834 3555 Wayne Teudt 0412 462 672
14 Dilga Crescent, Erskine Park
OPEN HOME
The Entertainer !!! View Property
32 Lorne Avenue, South Penrith
4
2
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• Lovely renovated kitchen with Caesar stone benchtop $974,950 - $1,049,950 • Formal lounge on entry, separate dining space off the INSPECT Sat 30 July 1:00pm – 1:30pm kitchen ADDRESS 14 Dilga Crescent, Erskine Park • Complete the package with solar panels • Lock up tandem carport with rear access CONTACT Professionals Erskine Park 9834 3555 • Alfresco entertainment area overlooking your Angelo Mavris 0425 361 696 sparkling salt water pool • All on a 578m block and possible rent return of approx. $600 to $650 per week
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Name Goes Here Penrith GreaterMember Region and Blue Mountains OPEN HOME
FOR SALE
24A Cam Street, Cambridge Park
Big, Beautiful & Brand New!
3
2
2
Fantastic Double Storey Townhouse
• Brand new 3 bedroom, 2 bathroom home $879,950 • Huge open living design with ducted A/C throughout INSPECT Saturday 30th July at 11:00am - 11:30am • 3 double sized bedrooms, stylish ensuite to main ADDRESS 24A Cam Street, Cambridge Park • Stunning modern kitchen with island bench • Private U/C tiled pergola area with B/I benches & sink CONTACT Professionals Penrith • Close proximity to local shops, schools, sporting fields 4725 3100 & parklands
OPEN HOME
4/174 Great Western H’way, Kingswood
Rare 3 Bedroom Unit In Complex Of 6 • Fantastic top floor 3 bedroom unit with Northern aspect • Spacious open living design • Split system A/C • 3 good-sized bedrooms with carpet floors • Large galley-style kitchen • Close to Nepean Hospital, Kingswood Railway Station & shops
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1
6/2 Warramunga Street, St Marys
• Spacious & free-flowing living design • Large modern kitchen • 3 great-sized bedrooms • 2 toilets – 1 up 1 down • Walking distance to St Marys CBD & railway station • Backing onto huge council parklands
FOR SALE
$409,950 INSPECT Saturday 30th July at 10:00am - 10:30am ADDRESS 4/174 Great Western Highway, Kingswood CONTACT Professionals Penrith 4725 3100
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1
$569,950 INSPECT By Appointment ADDRESS 6/2 Warramunga Street, St Marys CONTACT Professionals Penrith 4725 3100
2/63 Jamison Road, Kingswood
Immediate Investment Opportunity!
1
3
• One of only 5 in a well-maintained boutique complex • Spacious open living design with brand new A/C unit • 3 great-sized bedrooms with mirrored B/Is • Modern galley-style kitchen • 16 year long tenant paying $320 per week • Walking distance to the Nepean Hospital, bus stops and Kingswood Station
3
1
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$595,000 INSPECT By Appointment ADDRESS 2/63 Jamison Road, Kingswood CONTACT Professionals Penrith 4725 3100
penrithprofessionals.com.au 02 4725 3100 253 High Street, Penrith 16
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BROKING BREAKDOWN
POSITIVITY WINS
STILL PLENTY TO SMILE ABOUT
MARK STEVENSON BELLPARTNERS.COM
The rise in official interest rates off historic lows and cost-of-living pressures have provided plenty of fodder for all the negative Nellys out there who seem to take pleasure in talking down the economy. While mortgage holders have more punishment to weather as the Reserve Bank of Australia (RBA) looks set to lift its cash rate again next month in response to higher inflation, there are still plenty of reasons to stay positive about the economic outlook. National Australia Bank CEO Ross McEwan is just one leading business identity who believes some of the commentary about the economy has been one-sided and negative. McEwan said Australia has
withstood the many challenges of the COVID pandemic and the economic impact of the war in Ukraine, while inflation is much higher in the United States and the UK and Europe. “We’ve got a growing economy and inflation at lower levels, there’s a lot to like about what’s going on here,” he said. RBA Governor Dr Philip Lowe echoed this sentiment, saying Australia is faring better than many other nations facing similar challenges. At Bell Partners, we are seeing opportunities in the property market for smart buyers looking to purchase in a market which has cooled from the unbelievable highs of recent years.
People are buying houses for tens of thousands of dollars less than they might have paid six months ago. These buyers are owner-occupiers who are usually purchasing within their means and with higher interest rates factored into their budgets. For investors, property yields are increasing as rental returns rise. In a positive for tenants, more buyers investing in real estate should lead to a greater supply of rental property. The negative Nellys may also be excited about a prediction from ANZ Bank that the RBA could lift rates another two percentage points by the end of the year. But most other economists believe the RBA will hold fire.
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