Property prices stir after Barnett win

Tweet

This is an article based on Perth but still affects Australia property prices at the end of the day.


Are you a property investor in Perth? Worth the read.. heads up! PRICES IN PERTH ARE RISING!!!

"A Liberal win at the state election will mean a boost in real estate prices for some Perth suburbs"

WHY PROPERTY PRICES ARE RISING?? 

MAX light rail, the airport rail link and new Perth stadium would mean more interest from buyers in the areas these projects --> Demand for property increase --> property prices increase

Eventhough the stadiums will only be ready in 5 years, these buyers are already going to be taking into account the future growth of that area and the future convenience they will gain. Mr Hobbs said train stations nearby were always a positive for buyers (people preferred trains over buses)

It has also been reported that prices of properties in the suburbs next to these projects will also increase!! Being near CBD is always a big plus for people working in the city. People these days want convenience. Keep that in mind investors :)))

"We've already seen it in Burswood in just about every high rise unit, there is a lot of interest in them with the prediction of the stadium and the railway to go through, investors are snapping them up," Mr Hobbs said. 

 

Dining Room Ideas

Tweet

STUNNING! High rise ceilings and big windows gives out an illusion that the house is spacious. 
Allowing air and light to penetrate through brightens up the house as well. Ahhhh nature!

Slightly more secluded version. Loving the brick walls. Reminds me of wood fired pizzas?!?! So rustic. So Italian.

What a way to enjoy beautiful scenery with scrumptious food!! Neat and decluttered house is perfect for this. It allows the quality of each tree ring on the wooden floor to shine through. Big sliding windows to fully submerge yourself in the clean Australia breeze and sunshine!!

The growing trend of open concept kitchen and dining areas :) share the space and enlarge your house further. Why have walls? haha this is a great way to create size in your living area!

So many dining room ideas to check out. Ranges from a spacious open plan dining area to a more secluded one. From modern contemporary to very suburban Australian style. I must say though... my ultimate favourite is the first one.

The high rise ceilings with a touch of Balinese, cosy suburban yet modern feel to it. LOVE LOVEE LOVEEE IT!! Imagine dining and watching the sunset with your loved ones. Which one do you like? Has these ideas inspired you to refurnish your house or maybe a future holiday home rental?

Personalise Oasis At Home vs Infinity-Edged Swimming Pools vs Lap Pools

Tweet

my personal favourite! i just HAD to put this extra large ;)

COSY AND PEACEFUL
AAHHHHHHH!!! Resort and spa in your own home... sounds good to me!! :D If you are anything like me, I LOVE coming back to the comfort of my own home, enjoy a cuppa and jsut unwind from my busy busy busy day. Alot of people nowadays prefer to relax at home rather an a spa, today our HOME is our SANCTUARY. Time to hibernate peeps! Imagine the sound of running water, the 'Zen' atmosphere... the tranquility.. Now that's one good life we all wish to live and we can and we will. Have your eye on the prize! For those who already has this, enjoy it!!!

Imagine the view!! WOW!

MAGNIFICENT AND LUXURIOUS.
These types of pools used to be reserved for more exotic, high-end luzury homes or hotels but Aussie homeowners are adding more luxury into their backyards.

What is the big deal you might ask..

An infinity pool blends seamlessly with the horizon beyond creating a dramatic impact. As the name suggests, it looks like the pool just keeps flowing and flowing and has no end to it. Cool huh!! It creates quite an incredible view when overlooking a harbour, lake, ocean or even in the country.

Slightly more common -LAP POOLS!

ATTRACTIVE & FUNCTIONAL.
Perfect for a home with so many different needs.. got kids? or wanna keep up with your fitness? or just want to relax? This will be just the right pool for you. On top of that the modern, streamlined design means that it will fit very nicely in a contemporary home design.

Is Australian property worth the risk?

Tweet

Residex's John Edwards argues that property prices are likely to accelerate from here. In the short term he may be right.
 

Although we haven't yet seen much growth in mortgage issuance .... the kind of clearance rates we are seeing are consistent with higher credit growth to come.






His main reason:

China is serious about rebalancing because the costs of inaction are now higher than the costs of action -->
Australia's terms of trade to continue to be down for the next few years --> At some point both national income and mining investment are going to drop more precipitousl --> Rising unemployment and falling standards of living will pressure rents because more people live together. Now that rates are falling because real risk is growing, the market is warming up.

There are swings and roundabouts here.

People are paying down debt faster --> more credit availability despite capped aggregates --> The stock market rally may draw out deposits but it also boosts equity.

But as long as APRA maintains this discipline, property prices cannot rise like they used to, nor far above inflation, for any period of time.

(1) Long term goal to live in the property - then who cares, right? As long as your equity is good and you intend to live in it for a goodly period.

(2) Long term goal to invest for capital growth and yield over the medium term - then I'd be asking myself if you're being appropriately compensated for risk, especially when you can get the same exposure in bank shares, with better yield and the same capital growth prospects. And most importantly, in a liquid form.

For full article : http://news.domain.com.au/domain/real-estate-news/is-australian-property-worth-the-risk-20130308-2fpoy.html

Young women lead shift to apartment living

Tweet

Watch the video here --> http://news.domain.com.au/domain/real-estate-news/young-women-lead-shift-to-apartment-living-20130308-2fpko.html


                  "Members of the boomer generation that were expected to reject their traditional three-bedroom suburban homes, are instead buying apartments for their self-managed super funds (SMSF)."



Compared with 22 per cent of similarly aged young men, only 4 per cent of 25-to-34-year-old females live at home is by far the largest demographic in medium and high-density housing localities, census and other data shows.

Professional women gravitated towards inner eastern or southern bayside suburbs to be close to "mum and dad".

"There has been a massive swing to young women making independent decisions about housing and making decisions when they are a couple as well," Urbis report author Mark Solonsch said.

The nationwide shift towards higher-density housing is becoming more pronounced. 

More young women buying apartments... More Chinese buying apartments... IS THIS THE NEW TREND? WHAT'S GOING TO HAPPEN TO TRADITIONAL 3 BR SUBURBAN HOUSES? WHERE WILL YOUR NEXT PROPERTY INVESTMENT BE? Hmmm...

Local buyers join the Chinese treasure hunt

Tweet

Coming from a much longer tradition of living in high-density cities, apartment buyers with some kind of Chinese heritage usually opt to buy close to transport hubs, shops and restaurants.

  

 

''Fundamentally, they are savvy buyers and particularly good at buying off the plan, probably because they're better educated when it comes to real estate as they're accustomed to apartment living, and most in China and Asia are sold off the plan,'' Carfi says. 

According to Haig Conolly, the director of sales and marketing with developer Crown International, 

• buyers of some Chinese heritage like to live in developments with facilities like pubklic transport, 5-star restaurants, top-class shopping malls and employment close by (Anglo-Australians are following the same direction too!!)
• They also like small boutique apartments as long as they are well located (Looks like the saying Location! Location! Location! still very much exists and is so so so important)   
•  Primary reason : There is a certain aspirational quality that comes from whre you live and general lifestyle attributes

 

''Their criteria for buying - well located, in good transport nodes and well serviced by amenities - are excellent, and good feng shui in facing north-east makes perfect sense, too.'' 

Chinese buyers are now a significant part of the market!

Developers are ensuring that they are included as potential purchases. As it is Crown and Mirvac are launching off-the-plan buildings at home AND overseas

Australia's 25 most expensive suburbs - and their houses - See more at: http://discover.realestate.com.au/buying/news/australias-25-most-expensive-suburbs--and-their-houses

Tweet

Unsurprisingly, Sydney waterside suburbs dominate the upper crust!

Here are the Top 5, head to http://discover.realestate.com.au/buying/news/australias-25-most-expensive-suburbs--and-their-houses to check out for the other 20 most expensive suburbs and properties!!

You thought Toorak was expensive right?? So did I.... it only made it to 12th place.

So what pulls premium buyers in these areas? 

Pattern : close to the water, feature heritage homes or offer large blocks of land and less than 10km from their CBD

Did you know??? 

The top 25 suburbs and surrounds accounts for ONLY 0.5% of Australia’s population.

HOW SHOCKING!! 

(1) Point Piper, Sydney, NSW, $7, 381, 887

WOW. This is like a tropical mansion.

(2) Watson Bay, Syndey, NSW, $6, 476, 767

Simply stunning. I am jealous!

(3) Centennial Park, Syndey, NSW, $5, 217, 016

Very European. Cosy! So much history and charisma

(4) Woolwich, Sydney, NSW, $4, 621, 152

I don't know what to make of this beautiful scenery. Speechless.

(5) Peppermint Grove, Perth, WA, $4, 284, 941

Extravagant!

(12) Toorak, Melbourne, VIC, $2, 774, 578

Like a white palace!

Point Piper takes the national crown, with a median value of a cool $7.3 million. The suburb also has a very high rate of home ownership; of 148 detached houses, 57 percent are owned outright.
Peppermint Grove is the richest WA suburb, and fifth overall. The median house value there is $4,284,941 million.
- See more at: http://discover.realestate.com.au/buying/news/australias-25-most-expensive-suburbs--and-their-houses#sthash.fwhzbsVE.dpuf

 

Point Piper takes the national crown, with a median value of a cool $7.3 million. The suburb also has a very high rate of home ownership; of 148 detached houses, 57 percent are owned outright.
Peppermint Grove is the richest WA suburb, and fifth overall. The median house value there is $4,284,941 million.
- See more at: http://discover.realestate.com.au/buying/news/australias-25-most-expensive-suburbs--and-their-houses#sthash.fwhzbsVE.dpuf

Point Piper takes the national crown, with a median value of a cool $7.3 million. The suburb also has a very high rate of home ownership; of 148 detached houses, 57 percent are owned outright.
Peppermint Grove is the richest WA suburb, and fifth overall. The median house value there is $4,284,941 million.
- See more at: http://discover.realestate.com.au/buying/news/australias-25-most-expensive-suburbs--and-their-houses#sthash.fwhzbsVE.dpuf

nsurprisingly, Sydney waterside suburbs dominate the upper crust. - See more at: http://discover.realestate.com.au/buying/news/australias-25-most-expensive-suburbs--and-their-houses#sthash.fwhzbsVE.dpuf

nsurprisingly, Sydney waterside suburbs dominate the upper crust. - See more at: http://discover.realestate.com.au/buying/news/australias-25-most-expensive-suburbs--and-their-houses#sthash.fwhzbsVE.dpuf

nsurprisingly, Sydney waterside suburbs dominate the upper crust. - See more at: http://discover.realestate.com.au/buying/news/australias-25-most-expensive-suburbs--and-their-houses#sthash.fwhzbsVE.dpuf

nsurprisingly, Sydney waterside suburbs dominate the upper crust. - See more at: http://discover.realestate.com.au/buying/news/australias-25-most-expensive-suburbs--and-their-houses#sthash.fwhzbsVE.dpuf

Decorating for renters

Tweet

http://www.homelife.com.au/decorating/living+dining/decorating+for+renters,4357

Are you facing the problem of being a renter and not being able to decorate your home to make it really your home? Unlike homeowners, who can knock down walls and rip up floors to transform a space, renters can’t even put a nail in the wall without the owner‘s permission...

The solution? --------->  --------> Think inexpensive, reversible and portable

Before you start:

•  Ensure the changes you make are easily reversible 
• If you hope to have your bond returned when you move out, anything you remove or disassemble, such as curtains, light fittings or doorknobs should be carefully stored somewhere free from damp or dust, and clearly labelled. 

Note: Always consult your landlord before starting any work, and obtain permission in writing. Keep them on side by consulting them at every stage.

Colours are your new best friend:

As a general rule:

Light tones and neutrals = brighten and visually enlarge a space.
(Less overwhelming than bright colours and most likely get approval from the landlord.. and it's easier to replace when you leave! Just a lil handy tip!)

Darker tones and neutrals = feel cosier and more intimate.

Fabulous Flooring:

• Disguise a drab or stained carpet with colourful and inexpensive rugs

• Consider outlaying a little more for floating lino tiles that can be laid straight over the top of worn tiles or floorboards. No glue or nails required – you simply click-lock the tiles together.

Greeeeeeenss:

• Make a HUGE HUGE difference just by adding natural elements have a calming and softening effect on any room
• Potted herbs are always a plus for those who love to cook

Window Dressing:

• Replacing curtains with a simple roman or venetian blind. Available from homeware and specialty stores in a range of standard sizes, and might even be re-useable in your next property. Great investment!
• LET THE LIGHT IN! It's bright, it's refreshing, it's breezy – they are good for the soul and circulates the air coming into the house.