COMING UP SOON!!!

Hi Property Lovers

Over the next several weeks i have a great selection of properties coming onto the market.

These will include:

1. A one-of-a-kind river front property with panoramic views with accommodation to suit the largest of families

2. A single level family home on a large 1012sqm landholding located in a quite street.

3. Brand new apartment in the heart of Vibrant Claremont

4. A Cottesloe classic with only moments to south Cottesloe beach.

For further information on any of these properties please call me anytime.

Thinking of buying or selling in Nedlands? Call me anytime.

Whats Better? New or Old units?

Hi Property Lovers

I came across this article on Australian Property Investor and thought id post it up as its a good read and gives some real good information.

There are three key factors to consider when deciding whether to buy new apartments or older units for investment, according to Laing+Simmons general manager Leanne Pilkington.

The main considerations, Pilkington says, are the investor's individual circumstances, the location of the property and what the investor wants from their investment.

"As with so many property decisions, the location is paramount," Pilkington explains.

"Properties in established suburbs with good transport links and convenient access to shopping facilities, hospitals, universities and schools tend to be more attractive to tenants than outer-lying suburbs, regional and rural areas."

"Older-style units in these locations can prove to be good investments, provided there's not a wave of new development happening or slated for the area."

Pilkington says areas with low levels of residential development activity and little space for new projects provide good investment opportunities for older apartments.

"Purchasing an older unit in a well-located suburb with little or no development planned in the future should mean that you will not only be able to attract tenants but also realise capital growth over the long term."

"On the other hand, if there are new development projects in the area, an older unit may not appreciate in value. This is where the purchase of a new apartment may be a more prudent investment."

"New stock affects the fundamentals of supply and demand in a given area, which in turn affects an investment's ability to attract tenants and the rental returns it achieves."

She adds, "Ultimately, it depends on what the investor is looking for from their investment".

"If you're after a steady, predictable, recurring income stream then an older unit in an established suburb might be the best option. The main concern will be maintenance costs to keep the property to a suitable standard to attract tenants."

"Otherwise, if it's a long-term investment with a view to realising capital growth then purchasing a new unit makes sense."

This information was gathered from:

http://www.apimagazine.com.au/api-online/news/2009/09/whats-better-new-or-old-property

Thinking of buying or selling in Nedlands? Call me anytime.

For Sale 2 Kalgoorlie Street, Mount Hawthorn

Hi Property Lovers

Its my pleasure to present to the market this BRAND NEW contemporary style home. This spectacular home was designed with a focus of light, space and free flowing interiors.

Accommodation: 3 bedrooms, 3 bathrooms, open plan gourmet kitchen meals & lounge, theater room, separate up stair living area, sitting/study area, alfresco area, double secure lock up garage.

This home oozes style and sophistication.......with the highest standard of finishes throughout this home will amaze!!!

For Sale $1,650,000

To arrange a private inspection or for further information, please call me on 0411 645 174.

Thinking of buying or selling in Nedlands? Call me anytime.

Market Pick Up Official.

Hi Property Lovers

I came across this article on Australian Property Investor today and though it was a good read. Ive posted it below for your reference.

Perth sales volumes were up almost 70 per cent over the year to June 2009, suggesting the West Australian market is coming back to life, RP Data says.

At the same time, activity by real estate agents suggests the market Australia-wide is set for higher levels of activity in coming months.

The rpdata.com Property Market Activity Index measures the pre-listing activities of real estate agents in a bid to predict likely supply volumes ahead of time.

RP Data says industry activity across the country has climbed 17 per cent since the beginning of June and is 31 per cent higher than it was a year ago.

RP Data executive general manager David Williams says the increased agent activity is likely to translate into more sales.

"Over the coming weeks we're likely to see the size of the Australian real estate market expand considerably, especially as more stock comes on the market and buyers take advantage of the warmer weather to investigate more properties and attend open homes and auctions on the weekend."

Williams says the jump in industry activity in WA comes from a very low base.
"The Western Australia market has been in the doldrums for some time after recording an impressive level of growth during 2006 and 2007," he says.

"Over the year to June we have seen Perth sales volumes increase by almost 70 per cent as the Perth market starts to become reinvigorated."

This information was gathered from:

http://www.apimagazine.com.au/api-online/news/2009/09/market-pace-lifts-in-wa

Thinking selling or buying in Nedlands? Call me anytime

SOLD LAST WEEK........

Hi Property Lovers

The market is on a move..........................

SOLD

7 CHATSWORTH TERRACE, CLAREMONT

25 MOUNTJOY ROAD, NEDLANDS

For further information on the sales or any of my other listing please don't hesitate to contact me

Thinking of buying or selling in Nedlands? Call me anytime.

Accurate Apprasial's & Property Presentation

Hi Property Lover

If you are thinking of selling in a turning market it is crucial that you get an accurate appraisal of your property. Your price will be the main selling point for your property, so its very important that when coming onto the market, its priced correctly.

Buyers will tend to steer away from even looking at over priced properties, meaning less potential offers coming through. When getting an appraisal make sure you get the recent sale evidence of the surrounding area and a list of what is currently on the market. This will give you, the seller a bit more of a clear insight into what is currently on the market and to allow you to bring your home on at a competitive price.

Presentation is also a major factor when selling your home. It will add value to it and a well presented home will attract a lot more buyers to your property.

Some tips for a well presented home include:

-If the house needs a fresh coat of paint, you can never go wrong with white. This will make the rooms look larger and brighter.

-A well maintained and tidy garden will enhance the overall look of your home

- De-cluttering junk around the home will also enhance space and and appearance of the interior.
These are just a few small things that can really add value to your home.

If you would like any further information about the current market or presentation, please don't hesitate to contact me

For an accurate market appraisal on your home please call me anytime on 0411 645 174

Thinking of buying or selling in Nedlands? Call me anytime.

For Sale: 24 North Street, Cottesloe

H Property Lovers

Its with great pleasure that I'm able to present to the market this unbeatable beach side home. Located only 660m from North Cottesloe Beach, this expertly renovated & extended "Art-Deco" home is the perfect home for the young family wanting to enjoy a beach side lifestyle.

Accommodation: 4 bedrooms, 3 bathrooms, study, entertainers kitchen, family & dining room, upstairs activity room, 800 bottle wine cellar, alfresco area, landscaped gardens, secure 2 car parking.

This home offers the perfect opportunity for the young family wanting to get into the beach side suburb of Cottesloe at an affordable price with a brilliant home already done.

For Sale: $1,650,000

To arrange a private inspection or to get any further information please call me on 0411 645 174 anytime.

Thinking of buying or selling in Nedlands? Call me anytime

A Possible Morgtage War Upon Us?

Hi Property Lovers

I came across this article today. Finally a bank willing to start a competitive mortgage market. This was a good read:

A NEW price war is set to erupt across Australia's $860 billion home lending market, with Commonwealth Bank owned-BankWest to launch a new mortgage product that will have an interest rate cap until late 2012.

It is understood the bank will launch the new home lending product tomorrow. The Australian understands it be based on a discounted standard variable interest rate, but capped at 7.5 per cent until late 2012.

That means that even if the standard variable rate hits 10 per cent during that period, the interest rate on the loan cannot go higher than 7.5 per cent. It is understood the discounted standard variable rate will be priced at 5.4 per cent, 30 basis points below BankWest's current interest rate of 5.7per cent.

The four major banks have a standard variable rate priced between 5.74 and 5.81 per cent.
A spokesman for BankWest yesterday confirmed the bank was putting the finishing touches on a "highly innovative product".

This reinforces "our commitment to challenging the market by rolling out new and innovative products," the spokesman said. "We will obviously remain aggressively competitive."

Last October, CBA spent $2.1 billion for the former HBOS subsidiary BankWest.
The timing of the BankWest mortgage offer comes amid market expectations that interest rates will rise.

Economists are predicting the Reserve Bank could move to lift the official cash rate -- currently at 3 per cent - as early as next month.

A spokeswoman for Westpac said the bank was months away from releasing its suite of home loan products, but "we are going down the path of simplification, rather than more bells and whistles."

This article was found at:

http://www.news.com.au/business/money/story/0,28323,26042372-5013952,00.html

Thinking of buying or selling in Nedlands? Call me anytime

The Nedlands Report

Hi Property Lovers

August traditionally is a quieter month in property transactions, but Nedlands had a great month with 15 sales to a total value amount of $14,415,000.

The level of confidence back in the market is great and this level hasn't been seen since the start of 2008. Properties have been selling much faster (if correctly priced), home open attendance has improved dramatically, the amount of buyers (especially cash) has improved and the overall vibe regarding property as the best investment seems to have returned.

But seller's must still be realistic about their selling price, even though the confidence has returned, this doesn't mean the market is yet willing to pay top dollar for properties.

The confidence is back, and yes there is a light at the end of the tunnel for sure...but I still feel the next 6 months will be crucial to see what is going to be the outlook for Western suburbs property for 2010/11

If you would like any further information, or would like a accurate and confidential market appraisal on your property please don't hesitate to contact me anytime.

Thinking of buying or selling in Nedlands? Call me anytime.

SOLD SOLD SOLD!!!!!!!!

Hi Property Lovers

SOLD

101 WEBSTER STREET

NEDLANDS

Sold proior to first home open

If you would like further information please don't hesitate to contact me.

Thinking of buying or selling in Nedlands? Call me anytime.

Rates Stay.....

Hi Property Lovers

I came across this article which was a good read. Ive posted it for all reference.

The cash rate remains stable at three per cent following a Reserve Bank of Australia (RBA) Board meeting on Tuesday 1 September.

It's the fifth month the rate has remained stable, with the last fall occurring in April.
Some economists and analysts have recently predicted the RBA will increase the cash rate as soon as October, amid positive signs that the Australian economy is improving along with consumer and business sentiment.

It's believed a three per cent setting is quickly becoming no longer appropriate, given that there is now a lack of any macroeconomic "emergency".

But RBA Governor Glenn Stevens has indicated that the current cash rate setting is appropriate for the time being.

"The Board will continue to adjust monetary policy so as to foster sustainable growth in economic activity and inflation consistent with the target," he says.

With considerable economic policy stimulus being implemented around the world, Stevens notes the global economy is resuming growth.

The major economies appear to be approaching a turning point, he says, and in Australia economic conditions have been stronger than expected with consumer spending, exports and business investment showing resilience.

"Measures of confidence have recovered. Some spending has probably been brought forward by the various policy initiatives; in those areas demand may soften in the near term," he says.

"Some types of capital spending are also likely to be held back for a while by financing constraints."

"But overall, it now appears that investment may not be as weak over the year ahead as earlier expected."

"Higher dwelling activity and public demand will also start to provide more support to spending soon and, hence, growth is likely to firm going into 2010."

This information was gathered from:

http://www.apimagazine.com.au/api-online/news/2009/09/rba-leaves-cash-rate-at-three-per-cent

Thinking of buying or selling in Nedlands? Call me anytime

Street Report-Edward Street, Jenkins Ave & Elizabeth Street

Hi Property Lovers

Well i have completed all streets running North/South on both side's of the Hwy, So i will now start doing the streets running West/East. As per usual i will be doing the report on sales since 2007 till present.

EDWARD STREET

3 Edward sold for $1,800,000 on 12.2.2008

ELIZABETH STREET

25 Elizabeth sold for $1,980,000 on 13.8.2009

If you have any further questions on these sales please don't hesitate to contact me.

Thinking if buying or selling in Nedlands? Call me anytime

FOR SALE:10/26 Broome Street, Nedlands

Hi Property Lovers

Its with great pleasure to introduce this magnificent town house located in a boutique complex. This home offers the perfect opportunity for the first home buyer, investor or downsizer. This home also has a great North/South aspect allowing sun filled living area's and master bedroom.

Accommodation: 3 bedrooms (master with Nth facing balcony) 1 bathroom, large living area, separate dining, modern kitchen, large & private courtyard, secure lock up garage, private access to Stirling Hwy.

Privacy and security is assured and only having 1 neighbour makes this home just perfect!!

For Sale $580,000

If you would to arrange a private inspection or would like any further information please don't hesitate to contact me on 0411 645 174

Thinking of buying or selling in Nedlands? Call me anytime.