Time to Buy in 2020

It’s the year of the Rat and one of the main qualities of this Zodiac sign is to take control of your wealth, financial sufficiency and money management…

At Raine and Horne we can help you into your first home or into your next home, building a safe and secure future for you or you and your family.

Give me a call now and lets chat

Wayne’s It’s Possible Seminar

Last chance to book into It’s Possible seminar in Bali

19-27 September 2019 at The Colony Hotel

Contact us at wayne@wayneihaka.com

+61 418473780

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Fabulous Clifftop Home

36 Wentworth St Dover Heights


Glorious, unobstructed views over the Tasman Sea to the East and Sydney city to the West, a rare offering for an astute buyer.

Set on a level 544m2 block ( 14.86 × 45m ) approximately, this 1920’s home is ideal for those seeking a blue-chip location. 

Completely liveable as is and would benefit from a renovation or full development.

Flooded in natural light showcasing a spacious, full-width kitchen and family room, with direct access to a large entertaining deck makes this an easy-living home. 

A sun -drenched rear garden adds to the allure of this location with its cul-de-sac address. 


Price Guide is $5,500,000

Finance in Sydney 2019

It’s almost as if the major banks have hollered “head for the hills”, lock up your daughters.

Last week I had a client who had pre-approval to buy, but the bank would not give final finance approval until they could value the property and they would not value it unless she had exchanged contracts.

Whoa! Welcome to the world of over-reaction.

We exchanged with a 5 day cooling off and got the deal over the line- so what’s the lesson here? Be careful, as if you as an agent, know that they are not financed, you cannot exchange unconditionally.

Market Stabilises- Banks to lose out

With the banks suffering their worst month ever in PR terms as a  result of the results from the Royal Commission, their reaction in punishing borrowers by insisting on more onerous lending  criteria can only lead to tears for the borrowers and ultimately themselves as there now exits a perfect vacuum for a new lending model to come into being– watch this space !

Who Do You Believe?

Who do you believe? What is the clearance rate at auctions? Should I sell now or should I wait until later ? Auction versus private treaty?  Well, the answer is in all of these but WITHOUT A DOUBT, your property needs to be exposed to as many buyers as possible to achieve the highest price in any market.

How do you know that someone else would not pay a better price if you are selling off market to one buyer who supposedly will pay a premium?

Is this premium price the market price ?


What Does 2018 Bring to Sydney Real Estate

Sales are off to a healthy start but not at levels of consumer interest that we saw during mid 2017.

Commentators are still talking about a “crash” not realising that it would take  high unemployment, higher inflation, 2-3% hike in interest rates and a low dollar  before a major change in prices would occur.

Apartments in some corridors will experience a leveling off and we are seeing that now but this was expected with the withdrawal of the overseas buyers due to Federal and State taxation policies.

This market is all about confidence from buyers and sellers and that is there in abundance

Where Do you Put your Money?

Banks give you 2%,

Stockmarket is for those who can afford to lose, or have an appetite for risk.

Bitcoin is hard to understand and may be a bubble.

Cash under the bed means you need a really big bed.

So there you go- Sydney Real estate which has more than quadrupled since 1988!

Spring Selling Season Real Estate Sydney

So here we are in 2017 with the experts saying a crash is coming- again! Let’s be frank; Sydney expands by 80,000 people each year  and we barely build new dwellings ( houses and apartments) in sufficient numbers to satisfy 75% of that.

Until demand is less than supply, prices will remain as is , static or rising; it’s a simple law of economics


I thought it worthwhile referring you all to this site  www.basispoint.com.au as it covers very well what’s likely to occur with a crackdown in China on property investing overseas, an excerpt from David Chin follows

“China’s release of a formal list of ‘banned’, ‘restricted’ or ‘encouraged’ overseas investments is a game changer for Australia’s property industry.

Overseas property (commercial, residential developments, hotels, theme parks) is now restricted (though not banned).

Chinese investors/developers can expect tougher government assessments that their deals are not ‘irrational’ and are within their ‘core’ business.

The result is increased uncertainty with the following consequences for property developers.

  1. Demand/supply balance for deals now favours a reduced buyer pool. Buyers will ‘wait and see’ to flush out distressed sales and/or negotiate harder.
  2. Property assets currently earmarked to be ‘flipped’ by speculative owners will become distressed sales if owners have limited funding sources/holding capacity.
  3. Plans by Chinese owners to roll their commercial properties into REITs (real estate investment trusts, hotel investment funds etc – another form of ‘flipping’?) for sale to other Chinese investors will want clarity on whether ‘equity investment funds’ now identified on the ‘restricted list’ will be a problem.
  4. But Chinese/Australian developers here for the long-term will benefit as speculative offshore developers will exit, leading to lower site costs, reduced construction activity and less supply of apartments.

However Chinese overseas individual investors into Australia are also facing headwinds. They include:

  1. 17% in combined transaction, interest rate and levy costs (on a $1m deal – a break-down of this 17% will be released ahead of my 20 Nov property event) acting as a major deterrent for new offshore buyers.
  2. Difficulty in getting Australian bank financing for settlement, but a number of non-bank lenders have stepped into this market in recent months. Mirvac and Lendlease recently announced settlement failures are still under 2%…but one should ask them how many settlements have been delayed past 30 June 2017. AV Jennings reported 5% of settlements were delayed.”


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