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What Now For Australia?

Melbourne is closed for business and rural Victoria is in stage 3 lockdowns.

State borders are closed and tourism is on its knees, as are so many other businesses in hospitality, retail and many others.

How did it all go so wrong? It seems that there is a mentality in Australia that it cannot happen to me; therefore I don’t care.

What happened to the Aussie code of honour and respect of never leaving our wounded, maimed or sick behind in any battle during a war? Sadly our elderly are on the receiving end of this lost, forgotten or neglected part of our humanity.

Our grandparents and parents, who went through so much more suffering in 1939-1945, compared to our short lockdowns with plentiful supplies of essentials, would be aghast at how a large proportion of people are so entitled in their thinking and have absolutely no care for their fellow Aussies today. Where resides the Anzac flame in these Aussies, sadly nowhere it seems.

This virus is a different war and it mutates with each skirmish so those flouting our leaders’ instructions, carry on, give the virus time to mutate and it will eventually attack the younger and yourselves, as it is already doing so overseas, and it’s only a matter of time before you fall also, realising too late, your own mortality.

Societies, communities, countries, civilisations – all rise and fall over time and without exception, it is the humanities in our DNA that provide the seeds for renewal.

Lets hope we learn from this.

Exiting Coronavirus Lockdown

The NSW State Government has just announced that auctions and open homes will be enabled from Saturday 9th May.

So what does this mean for buyers and sellers; well social distancing will still apply, groups of sellers will be able to attend auctions in rooms or on site and up to 10 buyers at any one time may inspect.

More importantly, confidence is what will support the market and it will only be when we see how many have lost their jobs or income source that we will we get a handle on where this market is heading.

In the interim, call me to chat whether selling buying or renting

Selling into a Coronavirus Market

The 4 requirements for a seller are to get to SOLD, at the best price, with the least problems and in the shortest time.

To do this, we are arranging private appointments with qualified buyers only, ie those who have inspected the web photos, floor plan and are looking for your type of property, and, are in that price range, are ready to buy now and have made an offer or missed at auction, sold a home or property and generally fit the criteria for a QUALIFIED buyer.

For private appointments please see our procedures here.

If you do need to sell now, please call me for a chat to discuss various options available.

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

Image result for photos of bali indonesia

Fabulous Clifftop Home

36 Wentworth St Dover Heights

RENOVATE OR REDEVELOP

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. 

https://www.raineandhorne.com.au/doublebaybondibeach/properties/36-wentworth-street-dover-heights-2030-new-south-wales

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 ?

AUCTION WILL WORK BETTER IN ESTABLISHING TRUE MARKET VALUE

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

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