The "In Your Street" Apprasial Campaign Begins!

Hi Property Lovers

This week the "In Your Street" campaign will focus on:

• Archdeacon Street
• Tyrell Street
• Thomas Street

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

"Revealed: The home loan that could save you a fortune"

Hi Property Lovers

I came across this article on news.com.au that I thought had some good information on a new type of home loan that according to the report will save you thousands.

Homebuyers are to be offered never-ending mortgages in a bid to overcome Australia's affordability crisis.

ING Direct, Australia's fifth largest lender, is preparing to sell loans that have no fixed term and no requirement to repay any capital along the way.At current rates, the interest-only loans would cut repayments on a $300,000 mortgage by $5000 a year.

Repayments would be kept to a minimum, allowing borrowers to benefit from capital growth in their property.

"People are needlessly being denied the chance to buy a property while prices spiral rapidly out of their reach" ING Direct CEO Don Koch said.

"There is an urgent need to provide more affordable options and borrowers should be able to choose whether they want to repay the capital, or not."

Mr Koch wants to position the bank as a "mortgage partner for life", with borrowers carrying the same interest-only loan from property to property for as long as they wish, accumulating equity from rising house prices as they go.

Then, as they near retirement, they could sell their property for a big enough profit to pay off the original loan and buy a smaller place outright, leaving them mortgage-free. Or, they could keep the mortgage going and repay the original capital from their estate, after death.These loans has been popular for years in the UK and Europe, where repaying capital is seen by many as unnecessary and prohibitively expensive.

"It has worked fantastically in Europe as a way for people to get home ownership and build wealth throughout their lives. It just requires a change in mindset about how you live with debt," Mr Koch said. "Some won't like carrying a mortgage for so long but, for a lot, this will make home ownership cheaper."

Banks already offer interest-only loans, but borrowers often are allowed to keep them only for five to 10 years. Then they must start paying the capital.

But ING says this preoccupation with paying off the loan is unnecessary.

"There is no economic reason for banks to insist on regular capital repayment," Mr Koch said. "It just makes the loan more expensive for the borrower.

"If this catches on and people carry the same mortgage around for life, instead of switching every five or six years, then the cost of providing mortgages should come down and make them even more affordable."

Financial comparison website InfoChoice CEO Shaun Cornelius said the move was a welcome innovation: "Depending on the size of the loan, it could add hundreds of thousands of dollars to a borrower's cash flow over their lifetime."

This information was gathered from:

http://www.news.com.au/money/property/revealed-the-home-loan-that-could-save-you-a-fortune/story-e6frfmd0-1225870019522

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

Thinking of Selling?

Hi Property Lovers

Are you thinking of selling? Are you after an obligation free market appraisal & customised marketing strategy suited to the specific needs of your home?

Are you thinking of buying? would you like to be introduced to a variety of properties throughout Nedlands and surrounds as well as introduced to a selection of quiet listing only available to my data base?

If so call me anytime on 0411 645 174 for a confidential discussion.

Thinking of buying or selling in Nedlands? Call me anytime

The "In Your Street" Apprasial Campaign is Back!!

Hi Property Lovers

Due to the overwhelming response from last year's campaign, I'm once again offering the same service through the Nedlands area.

As you may recall, we where in the middle of the GFC when I ran this campaign last....a year later and a lot has changed in the property market. Confidence has returned to property and house values are starting to rise.

Over the next 2 months I will be offering my opinion of the value of every home in the area.

If you live outside Nedlands and would like to participate please call me on 0411 645 174.

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

"There's no housing bubble here - RBA "

Hi Property Lovers

This article was posted up today that I though would interest all home owners/buyers/sellers.

THE Reserve Bank has warned lenders and borrowers to be prudent while giving an assurance that Australia does not have a speculative housing bubble on its hands.

Fears of a property bubble emerged after the Australian Bureau of Statistics house price index rose 20 per cent in the year to March.

But RBA head of financial stability Luci Ellis said Australian house prices have recovered their small decline from 2008 to post increases of between about 12 to 15 per cent over the past year in capital cities, depending on the measure.

Ms Ellis said recent data suggested Australia does "not have a credit-fuelled speculative boom on our hands".

"It would not be desirable for the current situation to turn into one," she said in a speech.

"It will therefore be important for lenders to remain prudent in their standards.

"It will be equally important for prospective borrowers to have realistic expectations, and not to rely on a hoped-for capital gain in order to service their debts."

She told a residential property conference housing prices have been under upward pressure in Australia, with most short-term drivers coming from the demand side following the increased first home-buyers grant, low interest rates and lower than expected unemployment.

"The nature of the demand shock Australia faces means that it would be helpful if more of that demand could be accommodated with extra homes for occupation, instead of by higher prices," she said.

"Some of that pick-up in construction does seem to be happening."

She said the supply of housing was always going to be quite "sluggish".

"But whatever the causes, the ability to add to supply is falling short of this higher rate of population growth, despite some pick-up recently," she said.

"Naturally that is putting upward pressure on housing prices."

Ms Ellis said it would be "desirable" for the supply of new dwellings to become more flexible than it had been to date because extra people need somewhere to live, and both house prices and rents could rise.

The more that housing prices rise, the more some people might feel they must stretch their finances to buy a home, she said.

Another concern was that if too much of the response to faster population growth comes as faster growth in housing prices, this could be "built into people's expectations".

"If price expectations become over-optimistic and encourage too much investor demand, the result could be disappointment, or worse," she said.

She also said fewer households had bought their homes without debt.

Across the mortgage market, lending standards were now a little tighter than they were a few years ago and the fraction of low documentation loans was now lower than it was two years ago for both owner occupiers and investors, she said.

As well, only a minority of recent home loan borrowers started with a loan to value ratio above 90 per cent, she said.

Ms Ellis also revealed the RBA has been carefully watching lending standards in the important first-home buyer market segment.

"First-home buyers have long faced greater risk than more established home owners who have more equity in their home," she said.

"But as far as the data allow us to tell, recent new loans to first-home buyers look quite like those made to previous cohorts of first-home buyers."

This information was gathered from:

http://www.news.com.au/money/property/theres-no-housing-bubble-here-rba/story-e6frfmd0-1225868280859

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

"Reserve Bank signals interest rate pause"

Hi Property Lovers

I came across this article today that I thought was a good read regarding interest rates.

BORROWERS can expect a break from interest rate rises on June 1, the Reserve Bank has indicated.

The RBA raised its benchmark interest rate in early May to bring borrowing rates back to average levels, despite growing concerns about the effects of the European debt crisis.

But in a possible reprieve for borrowers, the central bank has also hinted it might not lift the cash rate again for some time.

In the minutes of its May meeting, released today, the RBA said it raised the cash rate to 4.5 per cent from 4.25 per cent at its May 4 board meeting to bring borrowing rates back to their decade long average level.

"On balance, members judged it prudent to undertake some further monetary policy tightening at this meeting," the minutes said.

"They noted that, if lenders responded as expected to another rise in the cash rate, interest rates faced by most borrowers would then be at around average levels over the past decade."

It was the sixth time the bank raised the cash rate since October last year.

The RBA also weighed falling retail sales and housing loan approval figures published before its May decision against the stimulatory effects of the resources boom over the year ahead.

This analysis was lined up against the worsening debt situation in Europe, around which the RBA said a case "could be made for a pause in the process of normalising interest rates".

The bank also noted that there was a risk the European debt crisis, particularly in Greece, could worsen further and threaten the global economic recovery.

But the RBA noted that while global stock markets and some currencies had seen a decline stemming from the European problem, there had not been a significant contagion to debt markets outside Europe.

"The direct impact of Greece on Australia was considered to be small,'' the minutes said.
Meanwhile, in a sign the bank might not be eager to lift the cash rate again anytime soon, the minutes penultimate sentence said "members felt that this would leave monetary policy well placed for the present."

"The board therefore supported another rise in the cash rate.''

The debt futures market is currently not pricing in another rate rise until September or November 2010.

All four of the major banks answered the RBA's May decision by lifting the rates on their standard variable mortgage products, adding about $50 a month to the cost of a 25 year, $300,000 mortgage.

The RBA also noted that the central driver behind recent higher-than-expected inflation figures had been the strong rise in prices of services, which suggested that those sectors of the economy were operating with limited or spare capacity.

The central bank recently upgraded its own inflation forecasts and now expects that over the next couple of years, it is likely that inflation "would not be much below the top of the target range''.

"The RBA's stated mission is to keep inflation within a target band of 2 to 3 per cent on average over time."

This information was gathered from:

http://www.news.com.au/money/interest-rates/reserve-bank-signals-interest-rate-pause/story-e6frfmn0-1225868148587

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

For Sale 66 Williams Road, Nedlands

Hi Property Lovers

Discover an impeccably presented C1930's bungalow combining classic period features with exemplary contemporary renovations....Positioned walking distance to shops, restaurants and cafes.

Accommodation: 3 generous bedrooms, 2 bathrooms, open plan kitchen meals & lounge, classical formal lounge, 1 car garage.

Features: original leadlights, polished jarrah boards, contemporary bathrooms, private outdoor entertaining and living & ROW

Located in a whisper quiet location and only a short distance to the Swan River & CBD this home is perfect for the busy couple or young family.

For Sale $1,550,000

For further information or to arrange a private inspection please call me on 0411 645 174.

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

Coming This Week.......

Hi Property Lovers

Coming up this week.....A beautiful character home Nth of the hwy with contemporary renovation throughout.....

• Leadlights & Jarrah
• Classic & Contemporary
• Whisper quiet local

THIS WONT LAST SO HURRY AND REGISTER TODAY!!!!!

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

April Report

Hi Property Lovers

April seemed to be a quit month all round in Nedlands & the Western Suburbs. There where 10 sales in the Nedlands area & 7 sales in Dalkeith.

What I'm noticing is the lack of properties for sale on the market. Nedlands has around 2619 (figures from REIWA) dwellings in the suburb, of which only 45 are for sale. A lot of this stock has also been on the market for some time (over 60 days).

I'm noticing that buyer's don't seem to have the ergencie to purchase as they did say 6 months ago. Several factor's for this i believe is:

• Price-A lot of property on the market is over priced....DON'T DISREGARD THESE HOMES!!!! If its what you are after, put forward an offer what you feel its worth. Several outcomes can come from this...the sellers accept the offer, the sellers decline the offer or it gets counted. Remember you can always walk away from the offer as long as both parties haven't signed off on it.
• Interest rates-Yes rates have gone up, but they have gone up from RECORD low levels. It would be impossible for the reserve bank not to rise the rates as our economy is going well. The reserve bank has said that we now are at a more "normal" level for the official cash rate.
• Confidence-Even though our economy seems to be doing well, confidence in the market seems to be a little nervous (for both property & stocks). Everyday in the press there are articles on boom times to hard times to come. As long as you have done your home work, the sums add up and It works for you....GO FOR IT.

My thoughts...... There are some great buying opportunities out there, and blue sky ahead. I don't see house prices soring like they did back on 2006/2007 but property will ALWAYS be a sound investment and continued growth over the long term.

If you want any further information please feel free to contact me on 0411 645 174

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

For Sale...Prime Building Block

Hi Property Lovers

Have you ever dreamt of living moments from the Swan River foreshore, restaurants and one set of lights to the CBD? Here is your chance to build your dream home....in your style.....your budget......getting exactly what you want!

For further information please call me on 0411 645 174.

Thinking of buying or selling in Nedlands? Call me anytime

For Sale 65 Mountjor Road, Nedlands

Hi property Lovers

Impeccably renovated and extended, this double story bungalow offers the finest in family living. Superbly positioned on an elevated 1012sqm block on in a highly regarded tranquil street.

Accommodation: 5 double bedrooms, 5 bathrooms, study, formal living & dining, state of the art gourmet chef's kitchen, large open plan living area with bi folding doors opening up to stunning alfresco area with outdoor kitchen/bbq area, pool, large backyard, 1 secure lock up garage & 1 car port.

Features: Polished jarrah boards throughout, indoor & outdoor kitchen facilities, Alfresco area able to be enclosed, wine cellar, one of Nedlands most highly sought streets and the mix of period and contemporary features flows so perfectly.

This family home TICKS ALL THE BOXES......great accommodation, stunning open plan kitchen & living, indoor/outdoor all year round entertaining and dining, resort style pool and sprawling backyard for the kids.........THIS IS IT!

For Sale $3,650,000

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

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

For Sale 3/10 The Avenue, Crawley

Hi Property Lovers

Offering one of Perth's most spectacular outlooks, this single level residence takes in majestic views over parkland's and the Swan River. The property also boast landscaped courtyards, offering private outdoor dining and situated moments from restaurants, cafe's, shopping and Perth CBD

Accommodation: 3 bedrooms (master with ensuite, WIR and river outlook) 2 bathrooms, laundry, galley style kitchen flowing to open plan living area, central courtyard & double secure lock up garage.

Features: Choice of several outdoor living (3 courtyards in total), reverse-cycle air-conditioning, plunge pool with river outlook, direct access to river foreshore.

With direct access to sprawling parkland's and the Swan River, moments to the new Steve's restaurant and wine bar and only a short drive to Perth's CBD this very RARE offering want last.

For Sale $2,750,000

To arrange a private inspection or for further information please call Mark Anderson on 0411 645 714.

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

Coming Next week....

Hi Property Lovers

Coming up next week......

• RIVER FRONT VILLA WITH PANORAMIC RIVER VIEWS
• SINGLE LEVEL FAMILY HOME STH OF THE HWY
• FAMILY HOME NTH OF THE HWY
• ARCHITECT DESIGNED FAMILY HOME IN BEACH SIDE LOCAL

To register your interest in any of these or for further information please feel free to contact me on 0411 645 174.

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

For Sale 65 Mountjoy Road, Nedlands

Hi Property Lovers

Its with great pleasure to introduce to the market this impeccable renovated & extended double story bungalow which offers the finest in family living. Superbly positioned on an elevated 1012sqm block in a tranquil highly regarded street.

Accommodation: 5 bedrooms, 5 bathrooms, study, formal living & dining, gourmet chefs kitchen, large living area, alfresco area with outdoor kitchen, resort style pool, large backyard, 1 secure lock up garage & 1 car bay

This GRAND family home offers the a standard of luxury living highly sort yet seldom found.

For Sale $3,650,000

To arrange a private viewing or for further information please feel free to contact me on 0411 645 174.

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