Market Moves

Grants stimulate home building

 
Oct 26, 2012

Dirk-1

MARKET MOVES

By Dirk ten Cate, Ray White Helensburgh

WITH Sydney’s housing market being out of reach for most first home buyers, Ray White Helensburgh is experiencing an ever-growing demand from younger families moving out of the big smoke and settling into the great lifestyle that the Northern Illawarra presents.

Announced in the 2012-2013 NSW State budget were some major changes to the first home owners grant and stamp duty concessions for new homes. The changes are designed to promote the building of new dwellings in NSW and came into effect on October 1, 2012.

Buyers come in from the cold

 
Jul 06, 2012

Mcgrath

MARKET MOVES

By Vanessa Denison-Pender & Amanda Moore, McGrath Thirroul

WE are entering the colder months, which is traditionally less desirable in real estate terms. Yet buyers are not as influenced by weather or seasons as by personal circumstances, with fewer properties competing for the ideal buyer.

Buyers are still active in the marketplace however they are limiting their inspections. Time-poor buyers are discounting many homes due to price, lack of information (addresses or floor plans) or overall presentation.

Rate cuts boost activity

 
Jun 15, 2012

Melodyinnes

MARKET MOVES

By MELODY INNES, Principal Laing + Simmons Helensburgh

MARKET analysts believe the latest rate cut will nudge first-home buyers and those wishing to trade up.

Analysts expect buyer demand for entry-level properties priced less than $600,000 to move up a notch or two in coming weeks. Investors target sub-$600,000 properties heavily. Many believe, rightly or wrongly, it's better to own three $400,000 units than one house worth $1.3 million.

Present your property in the best light

 
Jun 01, 2012

Monique_napper

MARKET MOVES

By Monique Napper, Ray White Real Estate

IT is important not to over-capitalise when making home improvements. The cost to improve particular areas may not net a higher return (above the initial investment) in the current market. Therefore it is important to discuss this with your agent prior to outlaying money for renovations.

Try to coordinate open for inspections at times which will present your property in the best possible way. If you choose to showcase it at night, ensure all lights are turned on and blinds are open to make it more inviting.

Housing market on sale

 
Apr 20, 2012

Justin_sydenham

MARKET MOVES

By Justin Sydenham, Bevans

In the current economic cycle, we have been conditioned to hunt for value buying. We now only buy when goods and services are on sale, have four years interest-free terms or when they are virtually given away online.

Well, right now there is metaphorically a massive "ON SALE" banner sitting over all housing stock. Many property experts believe we have hit the bottom of the housing price cycle.

Sydney buyers eye our lifestyle

 
Mar 02, 2012

Mcgrath

MARKET MOVES

By Vanessa Denison-Pender & Amanda Moore, McGrath Thirroul

OUT-of-area buyers are driving demand in lifestyle markets such as the northern suburbs of Wollongong, with Sydney investors increasingly looking at major regional markets offering lifestyle, improving infrastructure and jobs growth.

Rental demand, yields and capital growth prospects in these areas are excellent.

Buyers are looking for investment, holiday homes and retirement properties with a proportion of young Sydney couples continuing their sea/treechange to more affordable regional markets that offer jobs (or easy commuter access to Sydney) and lifestyle.

Grants encourage regional move

 
Jul 14, 2011
Julie_humphries

MARKET MOVES
By Julie Humphries,
Principal LJ Hooker Helensburgh

THE NSW Government has recently announced a Regional Relocation Grant. Commencing July 1, 2011, the scheme provides applicants with a one-off payment of $7000 to assist them with the cost of relocating from their metropolitan home to a regional home.

The metropolitan area means the local government areas of Sydney, the Blue Mountains, Hawkesbury, Gosford, Wyong, Wollondilly, Wollongong and Newcastle. The regional areas are participating local government areas which are located outside the metropolitan boundaries.

First home buyers benefit

 
May 30, 2011

MARKET MOVES
By Julie Humphries,
Principal LJ Hooker Helensburgh

GRANTS for first home buyers have changed a number of times over the past few years so what are first home buyers eligible for now? 

If you are buying or building your first home, you may be eligible for benefits under the First Home Owners Grant Scheme and/or the First Home Plus Scheme. The First Home Owners Grant Scheme is fully funded by the NSW Government and was established to assist eligible first home owners to purchase their first home by offering a $7000 grant. The grant applies to residential dwellings only and does not apply to vacant land.

Make sure the price is right

 
May 24, 2011
MARKET MOVES

By Simon Beaufils, director, and Monique Napper of Ray White Helensburgh

WHEN agents are competing to sell your home, they’ll generally quote an estimated sale price or range. Along with the commission charged, this is another number that can vary wildly between agents. The key thing to remember is that no agent is able to guarantee a property's sale price.

Real estate agents are marketers, not valuers, and their job is to get the best price the market will bear. The agent must first present the property for sale in the best possible light, using quality photography and enticing descriptions. They then need to attract as many people to view the property as possible using marketing mediums like the internet, print advertising and by direct marketing. Lastly, they need to use their sales and negotiating skills to motivate as many of those people as possible to compete for the property at auction, or make private treaty offers.

Landlords on notice

 
Apr 22, 2011

MARKET MOVES
By Julie Humphries,
Principal LJ Hooker Helensburgh

THE new Residential Tenancies Act (NSW) 2010 and the Residential Tenancies Regulation (NSW) 2010 took effect on January 31, 2011.

The new laws introduce a number of important changes and will apply to all residential tenancy agreements whether entered into before or after the commencement of the new laws.

The Act’s main objectives are to:

  • Fairly balance the rights and obligations of tenants and landlords
  • Modernise and update the law in line with current practices, and
  • Reduce the level of disputes by providing greater clarity and certainty in the legislation.

Basically this means that there are a number of new “laws” which have been introduced and landlords in particular need to be aware of these.

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