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End Of Year

The financial year is almost over and let’s look at where you can buy affordable property. Apartments are proving a great seller on all points of the compass and our team would be pleased to walk you through the returns for an investment on each property plus the anticipated capital growth expected in each suburb.

Stand alone and semi type homes are in firm demand and we have favoured suburbs that may interest you

Give us a call on +61  618 473 780

Great Terrace for Sale- 115 Hargrave St Paddington , Guide $3,650,000

http://www.raineandhorne.com.au/doublebaybondibeach/properties/115-hargrave-street-paddington-2021-new-south-wales

A Classic  Paddington Residence

 

Appealing to all, this classic wide-fronted terrace ( 6.2m ) sits prominently towards the Woollahra end of Hargrave St.

Entry level has 2 living areas, dining room plus a modern kitchen, polished floorboards throughout, separate full bathroom with laundry.

Level one accommodation offers a master with ensuite, 2 further bedrooms, full bathroom and a rear teen retreat /5th bedroom, with separate terrace and entry.

The attic bedroom is light-flooded with a full ensuite.

Outside we have a private paved courtyard ideal for lazy lunches and adjacent is the rear paved off-street parking accessed via auto roller door.

 

Features

2 two spacious living rooms, polished floors

Large dining room for 8 persons

Modern kitchen with island bench

Fold back doors to the alfresco dining courtyard

Verandah off the front living room, balcony off the master bedroom

4 spacious bedrooms

Bright, airy teen retreat / 5th bedroom

4 bathrooms throughout on all levels

Reverse cycle air, alarm, gas bayonets on level one and outside for BBQ

Land 197m2 approx

 

Sydney’s Housing & Apartment Market

Approvals are underway as I type this for a monster number of new approvals to rezone suburbs with the intention to increase the supply of housing stocks available to new buyers

Great news for those entering or seeking to enter a proven investment formula as well as providing that number 3 of our needs, food , clothing, SHELTER

When will it end ?

Property prices are being driven to stratospheric heights , and, the boom in property prices has little to do with anything other than historic low interest rates. Property income yields are at historic lows and yet property buyers couldn’t be more enthusiastic. Buyers, who tell me that they don’t mind buying on a yield of 2.5 per cent because they will get a capital gain need to understand that the capital gain will only come when a buyer is willing to accept an even lower yield.

Surging house prices have nothing to do with a shortage of land. Hong Kong has less land and a much higher density of people per square kilometre and that has not prevented falling property ­prices. Moreover, surging dividend incomes, retiring baby boomers and Chinese fondness for our climate and air quality are all “weight-of-money” arguments that have never prevented falling prices.

Sourced from D Cameron

The Conundrum of Investors versus 1st Home Buyers

Here we go with Victoria now giving stamp duty concessions to 1st home buyers and whilst it sounds like a great move to help those buying $600,00 and under, in reality any gain will go to the vendors as prices are pushed up with those trying to get into an already heated market- who will be the first to tackle CGT, stamp duty and land tax as a package. Markets always subvert the best intentions by behaving differently to expectations and no doubt we are in for a surprising year again with the amount of years to service loans jumping to new levels and heading into danger zones if and when interest rates go up.

Just Listed for sale

5 Darley Place  Darlinghurst

This is a 3 bedroom 2 bathroom  freestanding cottage, on 228m2 of land enjoying a prized cul-de-sac location.

http://owner.mydesktop.com.au/cgi-bin/vendor/viewproperty.cgi?g=24420&p=10823943&hash=a4a7f71631967b5d03c5461f127f18e02da532a1

 

At this stage of the campaign the guide is $2350000 and we will update this guide as the program progresses to auction on February 18 at 11am on site

We are open Wednesdays and Saturdays from 10.15 am to 11.00am

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Council rates are $386.70  per quarter and water $187.07 per quarter

 

Our property management division has estimated the rental return at $1600 per week

Strata Laws have changed in NSW

Call  me now for a comprehensive or brief update

New by laws and what’s required, builders warranty changes , new voting procedures and proxies, how  to sell your strata building and voting requirements, tenants participation and voting plus loads more

We were Trumped

Hi all,

Well post election and what will happen from a Trump administration insofar as what will affect Australian real estate.

You can expect to see immigration controls strengthened under Trump, emphasis on what is good for USA first and foremost, possibly a closer alliance with UK such as was with Reagan and Thatcher . Our dollar will drift downwards making imports and o/seas travel excy but will benefit our exports and assist the  BOP.

Real estate prices in the cities will stay level but I do not foresee large movements elsewhere.

Stock for sale will tighten except for  off- plan where there is ample projects underway and in the planning stages; these will be more dependent on bank financing via purchasers’ requirements

 

Trump versus Hilary

What to expect on real estate prices from a win by either presidential candidate.

Trump wins- look to Brexit where the latte set expectations were dashed and property and financial prices fell.

A Hilary win means status quo continues and middle America continues to decline.

However the compact between the Democrats and African Americans is fracturing as lob losses, lack of education, incarceration and other social issues impact heavily on them  and Trump reinforces these issues.

Trump needs only 10% of their vote to swing his way to win

What Lies Ahead for Property Prices

This i a must view link for where prices may be headed based on 2010- 2015 data from Corelogic

http://www.realestate.com.au/news/what-lies-ahead-for-housing-prices-in-2020/?utm_source=outbrain&utm_medium=cpc&utm_campaign=Outbrain_cpc

 

 

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