Nedlands Real Estate Expert

Nedlands Update

2010-11-29T14:27:00.003+08:00

Hi Property Lovers

I can't believe its nearly Christmas ! How this year has flown by!

What's happening in the Nedlands area?

There are currently 85 properties actively on the market for sale in the area, for this time of year that is a substantial amount. Because of the amount on offer, seller's must be competitive with their asking price. In the last 3 weeks 21 properties have reduced their asking price (some significantly) to attract the GENUINE buyers.

The buyers are being extremely cautious...and will only part with the cash-if they are confident the property represents value and ticks the boxes!

In a market with so much competition between seller's price is the biggest factor. But what sellers must also remember if they are selling & buying in the same market they must remember that even though you may have had to reduce your price, your not going to be purchasing at a premium level.

If you are selling, may I recommend you consider the following?
Selling your family home can be a very emotional time, as this place holds many memories to you, but during this period you must try and put the emotional aspect to the side.
Have a look at your competition, visit their home opens and ask your self, is your home better, is it not as good, how does their price reflect on yours?
Look at past sales history and compare those properties to yours
Selling in this market can be difficult, but properties are being sold- As I have just SOLD FOUR!

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

Nedlands Stirling Hwy Redevelopment

2010-11-29T14:14:00.004+08:00

Hi Property Lovers

I thought I'd give you some information on the redevelopment of Stirling Hwy. As you may be aware the council is looking to change zoning to allow commercial and residential along the City of Nedlands strip of the hwy to develop & expand. Ive posted a link below for your reference to get a better insight in to the council wants to achieve with the redevelopment.

http://www.nedlands.wa.gov.au/_Documents/CI%20-%20Major%20Proposals%20and%20Projects/Stirling%20Highway%20Redevelopment%20-%20Final%20Draft%20Provisions%20-%20October%202009.pdf

Should you want any further information please feel free to contact me anytime on 0411 645 174.

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

UNDER OFFER in 14 Days!!!

2010-11-22T15:37:00.009+08:00

Hi Property Lovers

UNDER OFFER

In The Last 2 weeks

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

For Sale 3/15 Anstey Street, Claremont

2010-11-18T13:41:00.006+08:00

Hi Property Lovers

Its with great pleasure to introduce to the market the PERFECT downsizer. Perfectly positioned on the Peppermint Grove border, with the restaurants and shopping of Cottesloe and Claremont on your door step , this single level contemporary home features naturally lit sunfilled open plan interiors, brilliant alfresco entertaining and private landscaped (low maintenance) gardens.

Accommodation:Three bedrooms(two of which are X-Large), study,two bathrooms,recently renovated formal areas, open plan casual living and a large kitchen with breakfast bar, alfresco area, landscaped gardens & double secure lock up garage.

Located only moments to the river, Claremont shopping district and Cottesloe beach this home offers the perfect opportunity for a relaxed lifestyle un-matched.

For Sale $1,595,000

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......

2010-11-16T15:00:00.002+08:00

Hi Property Lovers

Are your looking at making a move? Do you need a bigger family home? Or want to downsize to less space? or looking for a BLUE CHIP investment to secure your future? I have a wide selection of properties on offer.

To view all my current listings please follow the link below.

http://www.mackhall.com.au/agent.aspx?st=fs&aid=2491

If you would like any further information on any of my properties please call me on 0411 645 174.

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

"Fight against interest rate rises"

2010-11-15T15:32:00.003+08:00

Hi Property Lovers

There is so much talk out there about our banks, interest rate rises, the property market..it goes on and on! I came across this article on news.com.au that I thought offered some great information:

THE banks have called our bluff in lifting loan rates by more than the Reserve Bank's official increase.

So what are you going to do about it?

Are you going to be a wimp and just cop it on the chin, as your bank is hoping, or are you going to fight back, make a point and save some cash?

The banks assume you'll whinge for a few days, do nothing, move on with your life, pay the extra and add to their profit growth.

The banks whinge about doing it tough but then produce record profits results.

They must think we're stupid. Unfortunately, the reality is they're right. There's more chance of getting a divorce than changing banks.

Our view is that you have no right to whinge unless you're prepared to do something about it.

When is the last time you sat down and looked at all the products and policies you have with your bank and how much you pay for the privilege?

The first step is to list all those products loans, deposit accounts, insurance policies, credit cards, superannuation and other investments.

Then look at the statements for the last year and add up all the bank fees and premiums deducted from those accounts.

Add up all the interest which has been paid. Then, to be fair, add the interest and investment returns earned.

Most people are amazed at how many accounts are on the list and can automatically see which obvious redundant accounts can be culled.

CHECK ALTERNATIVES

Finding alternatives and doing your comparative financial shopping is so easy online.

Our top sites are infochoice .com.au and ratecity.com.au. Both sites have extensive comparative tables of every type of loan and deposit being offered.

They also provide research on the different products and make recommendations.
These two sites are an absolute must to visit and you'll be amazed at how many options are available.

You'll also be stunned by how much extra you're paying on your current loan.

For example, did you know there are standard variable home loans on offer for between 6.3 per cent and 6.6 per cent from established credit unions and non-bank financiers?

Don't forget to read the fine print on some of these low rate loans because they can come with quite hefty establishment and exit fees.

DEMAND A BETTER DEAL
Go to your bank, talk to a bank staff member (see them in person rather than over the phone or online) and demand a better deal.

You have the facts. You know how much you pay in fees and what products you have. You've been online and researched other options, now you have to confront your existing bank for some action.

Explain that you're prepared to shift institutions but are quite happy to stay if they sharpen their deal to match what you can get elsewhere.

Banks know it is better (and cheaper) to keep a good existing customer than go and find a new one.

Don't be shy. Be confident, be forceful but be professional.

VISIT THREE OPTIONS
It's all very well to talk and research, but doing is totally different for most people.

Contact or visit three other financial institutions to discuss your requirements and the process needed to make a change.

Explain what a good customer you'd be, you're annoyed with your existing bank and how you're ready to change. But still try for a better deal. Sure, you've been attracted by the advertised rate on offer but still ask whether they can do even better. They can only say no, so it's definitely worth a try.

BE PREPARED TO CHANGE
Crunch time. You have the facts, researched the options, discussed it with the bank and talked to the alternatives.

The bank won't budge and you're fed up.

It's time for action and that can be scary.

But it's mostly in your head. Be confident.

You've done the homework, you know the options available, so back yourself.

FOCUS ON YOUR DEBT
With interest rates likely to continue rising next year, debt management becomes your number one priority.

It's important to understand the different levels, and costs, of the debt and follow some simple steps.

Pay off the most expensive debt first.

Use savings to pay down your debt.

Talk to your bank if you're in trouble and re-negotiate the term of the loan to reduce payments.

This information was gathered from:

http://www.blogger.com/post-create.g?blogID=6935671489685862887

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

Coming Soon to AUCTION

2010-11-15T15:27:00.002+08:00

Hi Property Lovers

COMING VERY SOON..One of Swanbourn's most luxurious homes.

To register your interest please call Mark Anderson on 0411 645 174.

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

Blog is Back!

2010-11-08T10:50:00.003+08:00

Hi Property Lovers

The blog is back! Spring is well and truly here which means it's the selling season! I currently have a large selection of properties for sale ranging from units, townhouses, character homes & contemporary homes.

I've attached a link below for your reference to view everything that is available.

http://www.mackhall.com.au/agent.aspx?st=fs&aid=2491

Thinking of buying or selling in Nedlands? Call me anytime

For Sale 30 Portland Street, Nedlands

2010-07-19T10:53:00.006+08:00

Hi Property Lovers

Behind the original facade lies a gracious, partly renovated circa 1930's character gem with potential to create your ideal family home on a significant land holding.

Accommodation: 3 bedrooms, 1 bathrooms, formal lounge, modern kitchen & meals, living area, sprawling backyard & 1 car port.

Rarely so such opportunities arise, do not miss out....this property is priced for immediate sale!!

For Sale $1,495,000

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.

June in Nedlands & Dalkeith

2010-07-13T13:55:00.003+08:00

Hi Property Lovers

Please see below for the stats for the month of June for both Nedlands & Dalkeith:

NEDLANDS:

For the month of June Nedlands had a total of 16 sales:

Out of 16 properties sold: 10 houses, 2 town house & 4 units/apartments.

There where 13 sales SOUTH of the Hwy, 1 Sale NORTH of the hwy & 1 sale on STIRLING HWY

The Shortest amount of time on the market for a sale was 19 days, while the longest was 349 days

The average sale price for South of the Hwy this month was $1,301,5000, The average Sale price North of the Hwy was $1,125,000

There was a total of 20 New listings throughout Nedlands for the month

DALKEITH

For the month of June Dalkeith had a total of 4 Sales:

Out of 4 properties sold: 3 houses and 1 Villa

The Shortest amount of time n the market for a sale was 31 days, while the longest was 425 days

The average sales price this month in Dalkeith was $1,975,000

There was a total of 6 new listings throughout Dalkeith for the month.

For further information please feel free to contact me on 0411 645 174.

Thinking of buying or selling in Nedlands? Call me anytime

COMING THIS WEEK

2010-07-13T13:49:00.004+08:00

Hi Property Lovers

Coming up this week.... Character gem located in one of Nedlands most premier Nth of the hwy locations.

To register your interest please contact me on 0411 645 174

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

COMING UP SOON!!!

2010-07-12T11:24:00.002+08:00

Hi Property Lovers

Coming up soon........

Character home Nth of the Hwy only minutes to the CBD
Big apartment in the heart of Claremont

To register your interest please call me on 0411 645 174

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

Property Report...Nedlands sales for the last 6 Months

2010-07-06T14:52:00.007+08:00

Hi Property Lovers

Since we are half way through the year I thought I'd give you a break down in sales throughout Nedlands from January till end of June to give you an idea of what the market has done:

January
There was a total of 12 sales in Nedlands for January. Usually January is a quieter month but throughout both December and January Nedlands produced a higher number of sales than previous years (January 2009 4 sales & January 2008 7 sales)

$200,000-$500,000 - 2
$500,000-$1,000,000 - 4
$1,000,000-$1,500,000 - 1
$1,500,000-$2,000,000 - 4
$2,000,000+ - 1

February
There was a total of 11 sales for February throughout Nedlands.

$200,000-$500,000 - 0
$500,000-$1,000,000 - 3
$1,000,000-$1,500,000 - 2
$1,500,000-$2,000,000 - 1
$2,000,000+ - 2

March
There was a total of 10 sales for March throughout Nedlands

$200,000-$5000,000 - 1
$500,000-$1,000,000 - 1
$1,000,000-$1,500,000- 4
$1,500,000-$2,000,000 - 2
$2,000,000+ - 2

April
There was a total of 9 sales for April throughout Nedlands

$200,000-$500,000 - 1
$500,000-$1,000,000 - 3
$1,000,000-$1,500,000 - 1
$1,500,000-$2,000,000 - 2
$2,000,000+ - 2

May
There was a total of 14 sales in May throughout Nedlands. Please note that 2 of these properties still haven't settled so will not appear in the list below.

$200,000-$500,000 - 0
$500,000-$1,000,000 - 2
$1,000,000-$1,500,000 - 4
$1,500,000-$2,000,000 - 5
$2,000,000+ - 0

June
There was a total of 14 sales in June throughout Nedlands.

$200,000-$500,000 - 0
$500,000-$1,000,000 - 3
$1,000,000-$1,500,000 - 4
$1,500,000-$2,000,000 - 5
$2,000,000+ - 2

Should you want any further information regarding any of these sales please feel free to contact me on 0411 645 174

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

DIY Syndicates

2010-07-05T14:05:00.003+08:00

Hi Property Lovers

I came across this article that had a great selection of information of different kind of syndicates.

Structure: unit trusts

McMahon Clarke Legal associate Brendan Ivers explains that the most common structure for a simple unregistered property fund for the purpose of undertaking a development or making a passive investment is through a unit trust. Under a unit trust arrangement a company is created, which acts as trustee of a unit trust.

The investors in the fund pay money to receive units in the trust (alternatively, investors can get units in the trust and shares in the trustee company under a 'stapled arrangement'), and the company which is acting as trustee of the trust will hold the title to the property "on trust" for the investors in the fund.

The company will also enter into all contracts related to the project, such as a development management agreement or building contracts (for developments) or leases and property management agreements (for passive investments).

Ivers explains that this structure can provide some protection for the investors in the fund and segregates their investment in the fund from their other investments and assets.
Structure: small property syndicate

If it's just a few friends and family getting together to buy a passive investment, then Ivers suggests an alternative to the unit trust is in establishing a property fund, which complies with the requirements of a 'small property syndicate'.

Under a 'small property syndicate' all of the investors are named on the title to the property as 'tenants in common' and there's a 'syndicate agreement', which sets out the rules of the game for each of the investors. There's also a management agreement entered into between the investors and a manager, and the manager (generally one of the investors) is appointed to provide the property management services for the property, such as collecting rent, arranging repairs and maintenance work.

Ivers explains that for a 'small property syndicate' the 'syndicate agreement' has prescriptive requirement inclusions but there are no particular content requirements for the management agreement.

The number of investors in these syndicates is also limited to 15 investors and the promoter (the person setting up the fund) must hold at least five per cent of the fund. These sorts of funds also have other restrictions, which need to be carefully considered from the outset.

Structure: participating property syndicate

Ivers explains that a participating property syndicate is designed to make it easier for a promoter (the person setting up the fund) of a property fund to set up a small fund. He notes that these sorts of property funds can be useful for people who are looking to get into the property funds management industry but don't yet have an AFS licence.

The major hurdle with these structures is that they require the promoter to issue a product disclosure statement (PDS) if retail investors are investing in the fund, he explains.

If the investors in the fund can fall within one of the exemptions to the requirement to provide a PDS (discussed in more detail below) then it can be structured to avoid this, but if not then Ivers warns that it can be a costly exercise to prepare and issue a PDS.

He explains that these sorts of funds are limited at 15 investors and no investor can hold less than five per cent of the total value of investments made by the fund. As with the small property syndicate there are also additional restrictions to comply with.

Structure: joint venture

Property funds are usually set up for a faster income or gain and need to comply with ASIC, explains MJS Law solicitor Mary Sealy on the difference between property funds compared to the more familiar 'joint ventures'.

She adds that funds are more 'passive' than the 'active' joint ventures. For a joint venture she refers to the common example of a renovation or new build where parties are actively involved in the decision-making, funding and technical details of a project.

Licensing

Ivers says depending on the circumstances the vehicle used to run the property fund (such as a company acting as trustee of a unit trust) may need to hold an AFS licence. An AFS licence is issued by ASIC and is difficult to obtain. Consequently, this isn't really an option for most ordinary investors.

However, there can be an exemption from the need to hold an AFS license, and Ivers explains that as a rule of thumb, if mum and dad investors are doing a once-off project with a close group of friends and family which isn't set up to be an ongoing venture, then they shouldn't need an AFS licence. But once they move onto more than one project, then it's likely an AFS licence will be required.

ASIC also provides exemptions from the need to hold an AFS licence for 'small property syndicates' and 'participating property syndicates', as explained earlier.

This information was gathered from:

http://www.apimagazine.com.au/api-online/web-specials/2010/07/diy-syndicates

Thinking of buying or selling in Nedlands? Call me anytime

Are you thinking of selling?????

2010-07-05T13:48:00.003+08:00

Hi Property Lovers

Are you thinking of making a move? Do you need a bigger place as your family grows or do you need less space as they leave the nest?

I currently have a large data base with GENUINE buyers seeking:

Larger family homes (Character or Contemporary)
downsizer (townhouses, apartments or smaller home)
Investment properties (land value and/or un renovated character)

If you are thinking its time for that move, please call me anytime on 0411 645 174 to discuss how I can introduce my genuine buyers to your property.

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

Should there be an autumn selling season?

2010-07-05T13:12:00.005+08:00

Hi Property Lovers

I came across this in a weekly e-mail I get from RP DATA. It's a great read and has some good information.......be sure to check it out:

http://www.vision6.com.au/em/message/email/view.php?a=9640&id=700260

Should you have any questions please feel free to contact me on 0411 645 174

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

COMING UP SOON!!!

2010-06-25T09:32:00.003+08:00

Hi property Lovers

Coming soon in Claremont....A gorgeous character home with the comforts of modern living throughout....Original period features include ornate ceilings, polished jarrah boards and lead light windows throughout the home, with the practicality of recently renovated kitchen and bathrooms. On just under 700sqm of land this home offers the perfect opportunity for the true character lover.

To register your interest please call me on 0411 645 174.

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

For Sale: 8 Napier Street, Nedlands

2010-06-23T10:24:00.003+08:00

Hi Property Lovers

Invest-Renovate-Build...take your pick. This near original brick & tile 2 bedroom bungalow is priced for IMMEDIATE SALE and wont last long.

Accommodation: 2 bedroom, 1 bathroom, kitchen, meals, living & 1 secure lock up garage.

For Sale $1,225,000

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

-PLEASE NOT PHOTO'S STILL TO COME-

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

"Property gains popularity as preferred place to park money"

2010-06-22T09:58:00.004+08:00

Hi Property Lovers

I came across this article on Australian Property Investor that I thought had some good information:

In the face of an uncertain economy, real estate is becoming an increasingly attractive place to park savings, according to The Westpac/Melbourne Institute's Index of Consumer Sentiment for June.

The Index of Consumer Sentiment reveals that property investment now runs a close second (21.7 per cent of respondents) to bank account deposits (29.2 per cent of respondents) for consumers, a shift from three months ago when paying down debt was more desirable to consumers than bricks and mortar.

Banks are currently the number one preferred place to park money, possibly due to the attractive term deposit rates on offer, said CommSec economist Savanth Sebastian.

He said the popularity gain of property investment is most likely due to the strength in property prices, falling unemployment and a growing population.

According to the Australian Bureau of Statistics (ABS) housing finance figures for April, property investor numbers continue to gain momentum while owner-occupier numbers retreat a little further.

"The rate hikes have resulted in the demand for housing sliding (though from a very high base) however it would seem the stock of housing or new listings seem to be falling at a faster pace, a result that would justify the strength in house prices," said Sebastian.

"However there are early signs that property prices are consolidating, and CommSec expects this trend to gain traction, with the lift in housing supply coming through the pipeline over coming months," he said.

As the ABS new home loan owner-occupier figures for April revealed a 1.8 per cent slide, equal to a nine-year low, investor loans recorded a consistent upward track over the past nine months and a 26 per cent increase on its figure 12 months ago.

However, both investors and owner-occupiers are borrowing more, with ABS figures revealing an increase for the second month, with owner-occupier loan values up by 0.6 per cent and investor loan values up by 1.3 per cent.

This information was gathered from:

http://www.apimagazine.com.au/api-online/news/2010/06/property-gains-popularity-as-preferred-place-to-park-money

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

SOLD SOLD SOLD!!!!!

2010-06-22T09:51:00.004+08:00

Hi Property Lovers

SOLD SOLD SOLD SOLD

For further information please call me on 0411 645 174

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

COMING THIS WEEK

2010-06-15T10:55:00.003+08:00

Hi Property Lovers

Coming up this week...PRIME DEVELOPMENT BLOCK on 696sqm Nth of the hwy with bonus 2 bed bungalow...... circa $1.25mil

To register you interest please call me on 0411 645 174

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

UNDER OFFER

2010-06-14T11:13:00.003+08:00

Hi Property Lovers

UNDER OFFER

3/52 Dalkieth Road, Nedlands

For further information please call.

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

For Sale 28 Fern Street, Swanbourne

2010-06-08T10:55:00.007+08:00

Hi Property Lovers

A landmark residence, designed by award winning local architect David Hillam...offers unsurpassed quality and design only footsteps away from acres of parkland, Scotch College, shops and 5 minutes by car to Claremont's ever popular shopping precinct. Completed in 2001,this finely finished two level home features five(5) double bedrooms, three and a half(3.5) stunning bathrooms, home office and massive living areas perfect for the modern family looking for space and separation.

Internal features include: huge kitchen with a stylish mix of stone and stainless steel, top end appliances. Consistently high ceilings throughout, oversized windows and doors with a combination of commercial grade aluminum and timber joinery, stone and timber floors plus quality carpeted coverings in all bedrooms and living areas. Outside has been designed to allow the natural flow between inside & out...when entertaining, finished off with a stunning 12 meter solar heated pool... If you have been searching for a home to accommodate your family as well as your taste buds...in an "AAA" location

For Sale $3,495,000

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

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

Long Weekend Home Opens....

2010-06-03T10:57:00.002+08:00

Hi Property Lovers

Just to let you know all my properties are available for viewing all weekend long via appointment.

Please call should you wish to view any.

Thinking of buying or selling in Nedlands? Call me anytime

UNDER OFFER0-NO HOME OPENS

2010-06-02T13:19:00.004+08:00

Hi Property Lovers

UNDER OFFER

NO HOME OPENS

Want Your Home Sold Without The Hassle of Home Opens?

CALL ME TODAY

Thinking of buying or selling in Nedlands? Call me anytime

"Official cash rate remains unmoved"

2010-06-02T13:11:00.002+08:00

Hi Property Lovers

Good news for home buyers......

The Reserve Bank of Australia (RBA) has today decided not to move the official cash rate from 4.5 per cent due to concern about sovereign creditworthiness in several European markets.

The RBA said the decision not to budge the official cash rate was also to relieve homeowners in the likelihood of inflation reaching upper levels over the next 12 months.

It's a good time for investors to reassess their situation for the next six months when a rate rise does happen, said Mortgage and Finance Association of Australia chief executive officer Phil Naylor.

"Increasing mortgage repayments coupled with rising fuel and food costs means balancing the household budget can be very challenging," said Naylor. "Homeowners should evaluate opportunities to save money within the parameters of their home loan contracts."

Naylor emphasised the importance of flexibility, and to compare home loans and not only rates.
Mortgage Choice senior corporate affairs manager Kristy Sheppard said that regardless of the RBA decision, the official interest rate has little impact on mortgage rates these days anyway.

"The focus should be on whether lending institutions move rates outside the RBA cycle, as they have indicated is a possibility due to the continued volatility in their cost of the funds," she said.

"Borrowers of all types are most probably happy with the June cash rate decision, which is terrific, but our advice is to watch your lender to check your debt repayments are not increased regardless."

This information was gathered from:

http://www.apimagazine.com.au/api-online/news/2010/06/official-cash-rate-remains-unmoved

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

The "In Your Street" Apprasial Campaign Begins!

2010-05-27T13:32:00.003+08:00

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"

2010-05-26T14:40:00.003+08:00

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?

2010-05-25T14:02:00.004+08:00

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!!

2010-05-20T11:42:00.005+08:00

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 "

2010-05-18T15:04:00.003+08:00

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"

2010-05-18T14:55:00.003+08:00

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

2010-05-18T10:49:00.009+08:00

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.......

2010-05-17T15:07:00.003+08:00

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

2010-05-12T13:18:00.005+08:00

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

2010-05-10T15:59:00.002+08:00

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

2010-05-10T10:23:00.006+08:00

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

2010-05-10T10:00:00.007+08:00

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....

2010-05-07T10:18:00.002+08:00

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

2010-05-06T14:33:00.007+08:00

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.

Coming up Soon......

2010-04-29T15:08:00.002+08:00

Hi Property Lovers

Over the next several weeks I will be bringing a great selection of properties onto the market.

To register your interest please call me on 0411 645 174.

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

"Government reverses foreign investment relaxation"

2010-04-29T13:26:00.003+08:00

Hi Property Lovers

I came across this article on Australian Property Investor that I thought I'd share.

Temporary residents of Australia who purchase an existing property within Australia will need to sell the property when they leave the country, under freshly revamped rules for foreign investment in residential real estate.

The changes reverse the relaxation of the foreign investment rules the Federal Government introduced in 2008 and 2009.

Some homebuyers and real estate agents have complained in recent months about foreign investors outbidding locals at auctions.

Assistant Treasurer Nick Sherry says the changes are "precautionary", as the Australian property market has weathered the storm of the global financial crisis and remains attractive to foreign investors.

Sherry has confirmed the Foreign Investment Review Board (FIRB) is examining 50 cases of possible breaches of the foreign investment rules.

The changes mean temporary residents are again subject to the same compulsory notification, screening and approval requirements as foreign investors, a provision the government lifted in 2008.

Sherry says there are three major changes for temporary residents.

"There'll be a requirement for pre-screening (and) notification to the Foreign Investment Review Board," he says.

"Secondly, when a temporary resident leaves the country they'll now be required to sell that property back into the Australian housing market."

"And thirdly, in the event of (the purchase of) vacant land, they'll be required to build within 24 months and if they don't they'll then have to sell the land back into the market."

The government is also introducing a tougher compliance and penalty regime for breaches of the foreign investment rules.

The FIRB will use computer data matching to monitor property sales and compare that information with the immigration visa status of purchasers.

"I've had a long, hard look at the compliance regime and the penalties, and I have to say that the compliance regime and penalty regime going back over the last 10 to 15 years has been inadequate," Sherry says.

"And that's why we're announcing significant, major and much tougher compliance and checking and new penalty regimes." The compliance regime will also include a new 1-800 community hotline for people to report possible breaches of the regime, Sherry notes. "A tough new civil penalty regime… will make it easier to secure sanctions and should make anyone thinking of acting inappropriately think twice," he says. The civil penalty regime will include sanctions for buyers, sellers and agents involved in transactions that breach the new rules.

The property industry has welcomed the changes to the foreign investment guidelines and the stricter compliance regime, with the Real Estate Institute of Australia (REIA) saying a number of its members had expressed concerns about the number of foreign entrants into the marketplace and whether they were strictly adhering to the guidelines.

However, REIA president David Airey says real estate agents shouldn't have to run checks on their buyers to make sure they're not breaching the foreign investment rules.

"(The) REIA doesn't feel that the real estate profession should be placed in a tenuous situation requiring the profession to police the foreign investment guidelines relating to real estate," he says.

Urban Taskforce Australia chief executive Aaron Gadiel has also raised concerns over the civil penalties regime, saying clarification is needed about its plan to penalise the sellers of property if the purchaser has breached foreign ownership rules.

"If you're selling your home to someone, you shouldn't be subject to prosecution just because the purchaser has misled you or failed to comply with foreign investment rules," Gadiel says.

Sherry says the changes won't be made retrospectively, meaning foreign buyers and temporary residents who've purchased under the previous rules won't be affected.

Shadow Treasurer Joe Hockey says the government's original decision to relax the foreign ownership rules pushed prices higher and put pressure on the property market.

"Kevin Rudd promised the Australian people he would make it easier to buy houses, not harder," Hockey says.

"When he changed the foreign investment rules he made it harder for Australians and now we've seen yet another Rudd Government backflip."

This information was gathered from:

http://www.apimagazine.com.au/api-online/news/2010/04/government-reverses-foreign-investment-relaxation

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

For Sale 18 Kingsway, Nedlands

2010-04-23T10:48:00.008+08:00

Hi Property Lovers

Its with great pleasure to introduce to the market this GRAND PERIOD family home with magnificent views. Spacious and inviting, this majestic period home enriched by original detail is perfect for family living and entertaining. Situated in a highly sought precinct that features shopping, schools, UWA and the Swan River all just moments away.

Accommodation: 4 bedrooms, 2 bathrooms, study, formal living & dining, open plan kitchen meals and living area, up stairs large living/retreat with expansive views of the valley and river, alfresco area, pool, large storage area & car parking for 3.

This home ticks all the boxes.......family accommodation, parking for 3, separate living zones, large backyard with pool & alfresco and VIEWS VIEWS VIEWS!

For Sale $2,950,000

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.

Property Research over a 10 year period

2010-04-20T14:34:00.009+08:00

Hi Property Lover's

I thought you may be interested in knowing what the property market has done in Nedlands compared to Dalkeith & Claremont. The research was done over a 10 year period form 2000- 2010 (ending March).

The first graph shows the growth & median sale price for Nedlands, Dalkeith & Claremont from 2000-2010 as well as the number of sales per year:

The next graph indicates the key peak selling periods for Nedlands, Dalkeith & Claremont....however I feel it is always a good time to sell!!

The final graph displays price range segmentation (12 months ending March 2010) for Nedlands, Dalkeith & Claremont.

Over this ten year period the Perth property market suffered 2 market crashes (the tech crash in 2000 and the GFC crash in 08/09) and a substantial property boom (2006 to early 2008). The graphs proves that when investing in property (which should be a long term investment, 5 years or longer) you will still have growth even when facing a market crash. History proves that the property market always bounces back firm from a crash...proving that property is a sound LONG TERM investment.

Should you have any questions regarding this information please feel free to contact me.

Thinking of buying or selling in Nedlands? Call me anytime

"To sell or keep as an investment?"

2010-04-19T10:38:00.003+08:00

Hi Property Lover's

I came across this article on Australian Property Investor today which I thought had some food insight for people who are thinking of selling a property or holding on to it for an investment.

Rising interest rates aren't preventing people from considering an upgrade to a more expensive home, according to mortgage broker Loan Market.

Since the start of the year the company has experienced a 38 per cent increase in enquiries from owner-occupiers wanting to upgrade, says Loan Market chief operating officer Dean Rushton.

"Around 60 per cent of our customers are considering selling to then upgrade to a bigger property," he says.

"They mostly have a high level of equity in their existing home – sometimes as much as 75 per cent – and are wishing to upgrade into the next price bracket."

Rushton says interest rates are still below traditional average levels and the previous four increases haven't had an overly adverse impact on the residential property market.

Those considering upgrading to a new home may want to hang onto their first property as an investment because of the potential to gain from capital growth, healthy rental yields and tax breaks, according to Mortgage Choice.

Senior corporate affairs manager Kristy Sheppard says upgraders should consider Australia's housing shortage and strong population growth leading to more buyers competing for a limited number of properties.

She says hanging on to your property for a number of years and then selling it in a 'sellers market' will increase the likelihood of making a solid profit and having greater capital gains to work with will propel you further towards purchasing a more 'deal' home.

"However, keeping your first home as an investment property can be beneficial," she says.

"Holding on to what is often a smaller, less expensive property may be a profitable long-term investment if it's in a desirable location that sees strong demand for rental properties."

"Of course, you must be able to afford to repay a larger or second mortgage plus ongoing expenses and maintenance costs."

Sheppard notes that in this case the equity built up in the initial property can be used to secure finance for a second property and might help overcome today's stricter lending criteria.

This information was gathered from:

http://www.apimagazine.com.au/api-online/news/2010/04/to-sell-or-keep-as-an-investment

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

"Putting finances in shape can help land a loan "

2010-04-19T09:54:00.003+08:00

Hi Property Lovers

I Came across this article today on news.com.au that I thought was an interesting read.

TOUGH lending conditions for homebuyers are expected to continue for at least another year but there are ways to make yourself more appealing to banks and other lenders.

Five interest rate rises since October have not helped borrowers but mortgage experts say most people can improve their loan prospects.

Strategies such as cancelling unnecessary credit cards, consolidating loans, shopping around and seeking specialist advice can boost your chances.

Managing director of Smartline Personal Mortgage Advisers, Chris Acret, says the "ability to repay" test used by lenders has been tightened in response to the global financial crisis but there is a huge difference in the amounts each lender will offer.

"These changes certainly don't mean that securing the right loan for your needs is an insurmountable task but it is certainly a lot more challenging and time-consuming.''

According to a Smartline survey of 22 mortgage lenders, a single borrower earning $60,000 with a credit card debt of $5000 would be able to borrow $277,000 from the most frugal lender and $372,000 from the most expansive lender.

The global financial crisis is over but Aussie Home Loans chief executive Stephen Porges says credit markets are still tight for lenders to tap into, which in turn makes life harder for borrowers.

"Banks can afford to be much more selective in where they give their debt funding,'' Mr Porges says.

"People talk about credit markets opening up.

"Yes, they are, but they were closed (before). Opening up just means you have a crack in the window.''

Mr Porges expects the tough lending conditions to continue "for the foreseeable future''.
"I doubt it's going to improve in the next year, possibly two years,'' he says.

His key tip for borrowers is to make sure they have all their financial information a bank or broker might need.

"And don't fall for the 'how much can I borrow?' trap. That over-gears you when rates are still going up.''

Getting professional mortgage advice can pay off.

"Every bank is changing their criteria often and aggressively,'' Mr Porges says.

"You can be sitting at one bank for six weeks before they reject you, then you go to bank two for six weeks, then bank three for six weeks.''

Mr Acret says cancelling unused credit cards and reducing limits on others can help.

"When most lenders assess your ability to repay a mortgage, they assume that your credit card will be fully drawn up to its limit,'' he says.

Shopping around makes sense as lenders can be "very selective'' about the type of income they include in their repayment calculations.

"Almost every lender treats income derived from dividends, second jobs, child maintenance payments, company profits, bonuses, commissions, government benefits, annuities and rents differently,'' he says.

This information was gathered from:

http://www.news.com.au/money/property/putting-finances-in-shape-can-help-land-a-loan/story-e6frfmd0-1225855264630

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

The Selling Spree Continues......

2010-04-14T14:41:00.021+08:00

Hi Property Lover's

SOLD SOLD SOLD!!!!!!!

With 19 sales in recent months I am almost out of stock......With the greatest demand coming from buyers searching for land value properties, Nth & Sth of the Hwy ranging from $1mil to $2mil as well as homes offering a high standard of living and accommodation. If you are thinking of selling and want your property added to my SOLD list, call me anytime for a confidential market appraisal.

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

Kind Regards

"Reserve Bank defends its five rate rises"

2010-04-14T11:53:00.003+08:00

Hi Property Lover's

I came across this article which i thought had some good information on why the Reserve Bank has lifted it rates yet again.

THE Reserve Bank has defended its fifth interest rate rise in seven months, saying the economy is growing at "about trend rate".

Reserve Bank assistant governor Guy Debelle told a Senate committee today that the economy was now "not far away" from average levels as the bank monitors inflation carefully.

Asked by Liberal Senator Julian McGauran whether the Reserve Bank was looking at the "real economy," including retail, rural, manufacturing, tourism in its assessment of monetary policy, Dr Debelle said the economy was growing about trend rate.

Dr Debelle added: "(W)e're looking at interest rates which are probably a little bit below average for an economy growing at a trend rate. We certainly take into account the currency in our deliberations."

Dr Debelle said the Reserve Bank looked at all aspects of the economy before deciding the direction of monetary policy.

The central bank lifted the cash rate last week by a quarter of a percentage point to 4.25 per cent, in an effort to further rein in expansionary pressures.

It was the fifth monthly interest rate rise by the central bank since October last year.

During today's inquiry, Senator McGauran asked Dr Debelle, "What's the rush, why five in seven, unprecedented?"

As Dr Debelle begged off answering the question, saying he was not a member of the RBA's board, he also said the RBA still was in the process of getting rates back to normal levels.

After deciding that historically low interest rates no longer were necessary, "we're moving back to something around about average levels, which is not far away from where we are at the moment, given our expectations on where the economy is going," he said.

"Our assessment is they are about where the average of where they have been since 1997.

"They are coming off obviously very low levels, as low as they've basically been for the past thirty or forty years, and they've risen back to about where they've been for the last 10 or 15 years."

This assessment was based on both the official cash rate and the rate that businesses actually pay, he said.

This information was gathered from:

http://www.news.com.au/money/interest-rates/reserve-bank-defends-its-five-rate-rises/story-e6frfmn0-1225852748586

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

"Home loan demand falls for fifth month"

2010-04-14T11:18:00.003+08:00

Hi Property Lovers

I came across this article on news.com.au that I thought was a good read.

DEMAND for home loans continued to wane in February, even before the two latest interest rate increases, data released today shows.

Just 50,287 mortgages were granted to owner-occupiers in February, down by a seasonally-adjusted 1.8 per cent compared to January, the fifth consecutive month of decline, Australian Bureau of Statistics data shows.

Economists' forecasts had centred on 1 per cent fall in February home loan commitments.
In trend terms - which the ABS says is a more reliable indicator of underlying movement in the data - the total value of dwelling finance commitments excluding alterations and additions decreased 2.1 per cent in February.

ICAP economist Adam Carr said the lending data would concern the RBA, causing the Bank to reassess the pace of future interest rate rises."It's pointing to a sharp, broad-based decline in lending activity," Mr Carr said.

"That would suggest to me that we're getting to the point where the pace of rate hikes will slow, markedly."The RBA will only hike once more and then ease off."The trend for owner-occupier housing commitments fell by 3.1 per cent, while investment housing commitments increased 0.4 per cent, the ABS said.

Last year's three interest rate rises and an end to the Federal Government's more generous first home-buyer grant at the end of 2009 were blamed for the steady drop-off in mortgage demand.

CommSec economist Craig James said that, while the housing finance figures had been affected by the withdrawal of government stimulus, it should give the central bank reason to hold the cash rate steady."It's time for the RBA to move to the side lines and have a greater assessment of what's going on," he said."They have been more aggressive than what they suggested in their statements and now it's the most aggressive rate hike cycle since 1994."Mr James said he expected the housing figures to continue to underperform over the coming months."It probably isn't going to stop there, with interest rates going up again in the latest month."More people will be on the sidelines doing their sums to see what they can afford to get into the market."Buyers are going to be a little bit more cautious."

The Reserve Bank has since raised the cash rate twice this year, the most recent being at last week's monthly board meeting that took the cash rate to 4.25 per cent and 125 basis points above its 2009 trough.

First homebuyers made up 18.1 per cent of loans granted in February compared to 20.5 per cent in January, and down from a record high of 28.5 per cent in May 2009.

This information was gathered from:

http://www.news.com.au/money/property/home-loan-demand-falls-for-fifth-month/story-e6frfmd0-1225852708750

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

SOLD SOLD SOLD!!!!!!!!

2010-04-14T10:56:00.002+08:00

Hi property Lovers

SOLD SOLD SOLD

2/10 THE AVENUE, CRAWLEY

For further information please feel free to contact me.

Thinking of buying or selling in Nedlands? Call me anytime

"Foreign property investment debate heats up"

2010-04-14T09:22:00.004+08:00

Hi Property Lovers

I came across this article on Australian Property Investor. I thought this was a good read and gives a bit of an insight into the foreign investment debate.

Since March 31, the government has been unable to provide data on the number of foreign investments made in residential housing due to temporary visa changes, according to Shadow Minister for Families, Housing and Human Services Kevin Andrews.

Foreign investment rules were relaxed in the face of the economic downturn in December 2008, to hold up the property industry in case of a collapse.

As a result, now temporary visa holders are exempt from notifying the Foreign Investment Review Board (FIRB) of their property purchases.

It also means that instead of developers being permitted to only sell 50 per cent of developments to foreign investors once tenanted, they can now sell 100 per cent.

In his demand to the Federal Government to compile and monitor data on foreign investment of residential property, Andrews said that this rule change has contributed to housing affordability problems in Australia.

But The Urban Taskforce chief executive Aaron Gadiel believes foreign purchasers have contributed positively to the nation, in boosting housing supply.

"By allowing foreign investors to purchase newly-built housing, more apartment development is made possible, which in turn means more homes available to renters," he said.

"This will help mitigate the strong upward pressure on residential rents arising from our chronic undersupply of housing."

Gadiel said that prior to the recent policy change, developers who rented out newly built homes for six or 12 months were barred from subsequently selling the property to a foreign investor.

"This forced some developers to leave properties vacant, rather than lose the opportunities to sell to investors without permanent residency."

"The new rules enable developers to rent out a home for up to 12 months, without losing the right to sell to foreign investors."

This information was gathered from:

http://www.apimagazine.com.au/api-online/news/2010/04/foreign-property-investment-debate-heats-up

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

UNDER OFFER

2010-04-08T11:50:00.004+08:00

Hi Property Lovers

UNDER OFFER LAST WEEK

81 WEBSTER STREET, NEDLANDS

33 NAPIER STREET, NEDLANDS

For Further information please call me on 0411 645 174

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

Easter Break

2010-03-31T11:18:00.003+08:00

Hi Property Lovers

Just to let you all know with the 4 day long weekend coming up all properties will be available view. Home open for 81 Webster Street at 11.00-11.45am & 3/52 Dalkeith at 12.00-12.45pm this coming Saturday with everything else open by appointment all weekend long.

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

"Knowledge equals power in rates negotiations"

2010-03-31T09:29:00.003+08:00

Hi Property Lover's

I Came across this article on Australian Property Investor that I thought was a good read.

Borrowers using Australia's major banks pay standard variable interest rates that are 0.32 per cent higher than other lenders on average, RateCity research has found.

That equates to Australians paying an extra $1.33 billion in extra mortgage interest to the banks, RateCity chief executive Damian Smith says.

Over the life of a typical 25-year loan term, the interest rate difference between the major banks and other lenders could be worth more than $17,700 in extra interest charges to the average household, RateCity notes.

Yet the major banks - ANZ, Commonwealth Bank, NAB and Westpac - make up three-quarters of the variable mortgage market, which equals about 1.88 million households.

"The major four banks don't need to keep a competitive standard variable home loan rate because they hold the majority of mortgage customers," Smith says.

"Their position is to be competitive on basic home loan rates, where the major four are on par with other lenders."

RateCity says the average basic variable rate of the major four banks is currently 6.28 per cent for residential home loans, compared to an average of 6.27 per cent for other lenders.

"There's a huge amount of brand loyalty for the big four banks in Australia and borrowers should not limit their decisions to a handful of banks based on brand recognition alone," Smith says.

"For instance, there are many smaller lenders that may fight harder for your business or you could save thousands of dollars by choosing a basic home loan rather than a standard variable deal."

Smith notes the big four banks are often willing to negotiate rates for individual customers.

"While they won't advertise their willingness to negotiate, we regularly see examples of individual managers being able to reduce fees, or cut rates.

"Customers need to compare all their options, and come equipped to any discussions with their branch manager with details of what they can get from another institution.

More and more, we see that knowledge is power when it comes to negotiating a better deal."

This information was gathered from:

http://www.apimagazine.com.au/api-online/news/2010/03/knowledge-equals-power-in-rates-negotiations

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

Getting Your House Ready For Sale....

2010-03-30T10:18:00.010+08:00

Hi Property Lovers

A lot of people ask me what is the best process to get a house ready for sale and what can you do to enhance the look of my home:

Painting:
When walking into a home open the first thing most people will notice is how light and bright the home is. Character homes often have a few rooms that have different colour walls or paint that is starting to flake and looks grubby. For a few thousand dollars painting all rooms WHITE will not only brighten up the house but will enhance the room sizes and character features (ornate ceilings).

Garden:
Lush green grass, budding flower beds and a well maintained garden will add $$$$$ to your property and make the home present just that much better. The weeks leading up going to market, do the mulching then, the last thing you want is to have your home open with the smell of manure lingering around. For homes that is more lock up and leave that has little garden, make sure what garden you have looks great. If you think it looks a little bland, get a few pot plants the add a bit of colour to the yard.

Junk & Clutter:
When selling your home, you want to enhance the size of each room.....this means getting rid of the stuff that doesn't need to be there! book shelf's that are randomly placed in hallways, bedrooms that have junk throughout and backyard's that have all the kids outdoor toys around...... its time for a spring clean! When potential buyers walk through a house, they picture their furniture in the rooms, so the less you have the better it is for them buyers to picture how it could work for them.

The Day of The Home Open
The main day! After all that hard work getting ready for this day what can you do to finish it off? Make sure the home presents beautify, everything clean, windows nice and clear, The less clutter in the kitchen the better and gardens neat and tidy. If your home presents magnificently it will stay in the mind of the buyers...remember, your home is not the only one they are seeing today, so you want to leave an impression!

Getting a home ready for sale can be a very stressful process, though when that offer comes in and everything is signed......it will be all worth it!

For a obligation free market appraisal of your home please feel free to contact me.

Thinking of buying or selling in Nedlands? Call me anytime

UNDER OFFER

2010-03-29T15:34:00.005+08:00

Hi Property Lovers

UNDER OFFER

39 First Avenue, Claremont

For further information please feel free to contact me on 0411 645 174

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

"Small lenders take fight to banks with rate cuts"

2010-03-24T15:09:00.003+08:00

Hi Property Lover's

I came across this article on Australian Property Investor that i thought had some good information regarding interest rates.

Interest rate cuts at two Australian mortgage lenders are a sign of renewed competition in the home loan market and should provide borrowers with greater bargaining power, according to industry experts.

Credit Union Australia (CUA) has cut its standard variable home loan rate by 0.25 percentage points, putting it more than half a percentage point below the standard variable offerings of the big four banks.

AMP Bank also cut its lending rates last week.

Greater competition is the silver lining that comes with a rising interest rate environment, says Damian Smith, chief executive of online loan comparison site RateCity.

"Rising interest rates tend to allow greater price competition between institutions, and so we're expecting to see more players follow CUA and price aggressively below the big four banks," he says.

"Smaller institutions have also been able to get access to wholesale funding more readily in recent times, which will allow them to offer more home loans at attractive rates.

"When rates were at historic lows, it was difficult for any one institution to break out of the pack and be substantially cheaper than the rest. Now, with higher rates, there's more room for a wider spread of rates, and we're seeing evidence of that."

While the rate cuts will have an immediate and obvious benefit for borrowers at CUA and AMP Bank, Smith says they could also have flow-on benefits for other mortgage holders.

"It's important that customers of other institutions don't sit back and assume nothing can change for them. In many cases, institutions can and will offer better rates than their headline deals imply.

"If customers do the comparison and research work online... they can then start negotiating with their branch manager to get a better deal, using the lower rates from CUA and AMP as examples."

Mortgage Choice senior corporate affairs manager Kristy Sheppard says the rate cuts are a sign that smaller lenders are beginning to find it easier to fund their home loan offerings.

"The rate reduction provides us with further indication that smaller lenders are returning as real competitors in the Australian mortgage market, which is a wonderful thing for both potential borrowers and those looking to refinance," Sheppard says.

"When it comes to home loans, innovation, competitive pricing, the range of available features and high quality servicing are all heavily influenced by the level of competition between lenders."

This information was gathered from:

http://www.apimagazine.com.au/api-online/news/2010/03/small-lenders-take-fight-to-banks-with-rate-cuts

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

"Average Perth house to cost $1million in 10 years"

2010-03-23T11:35:00.003+08:00

Hi Property Lover's

I came across this article on Perthnow.com.au that I thought i will post.

THEY are figures that will stun most West Australians - homes in almost all suburbs worth more than an average of $1 million and, in Peppermint Grove, a staggering $25 million.

But if the real estate boom of the past 10 years is repeated over the next decade, these prices will be the scary reality, according to new figures calculated by one of Australia's top property price-monitoring companies.

The price predictions, compiled exclusively for The Sunday Times by Australian Property Monitors, indicate only a handful of suburbs in the Perth metropolitan area will have a median house price below $1 million in the next decade, and many suburbs will hit the $1 million mark within five years.

WA's house values could be the highest in the country, and Peppermint Grove would be clearly Australia's most expensive suburb with a median house price of more than $25 million in 10 years.

Real Estate Institute of WA president Alan Bourke said a Perth median house price of $1 million was inevitable.

"It will happen, it's just a matter of time, whether it's in 10 years or 12 years," Mr Bourke said.
APM economist Matt Bell said the long-term outlook for WA property prices was the best of all the major states because of the likely long-term resource boom, driven by Chinese and Asian demand for commodities.

While the prospect of property values doubling in the next 10 years will bring a smile to the faces of today's home owners and investors, it poses further affordability issues for those yet to step onto the property ladder.

WA Council Of Social Services chief executive Sue Ash said it was critical that housing was both affordable to buy and affordable to live in to prevent an increase in homelessness.

"We are more worried about the incline in house prices than the actual final number because it's the incline in house prices that is causing the difficulties for those people who are in the lower incomes and particularly for those people on fixed incomes," she said.

Stockland managing director Matthew Quinn echoed these sentiments in a recent speech.
"The average first-home buyer today cannot afford to pay the median house price - not even close," he said.

Mr Quinn blamed "a total disconnect between the different levels of government . . . without action, housing affordability problems are going to get worse."

He said building smaller homes could ease the shortage and the affordability issue. Stockland was reducing its average lot and house sizes for customers.

"Australia is one of the world's most urbanised nations, with over three-quarters of our population living in major cities and the overwhelming majority in our five largest cities alone," he said.

Mr Bourke said the State Government needed to take a tougher approach to high-density housing if it was to solve future housing affordability problems.

"The various industry bodies know what to do, it's just the government of the day deciding yes, it will solve the problem, it will make the decisions that are going to be unpalatable for some of the shires and some of the levels of bureaucracy - it's just a matter of whether the government has got the courage to solve the issue," he said.

"Doubling the density would solve the problem in a heartbeat. (The government) needs to take a tougher approach to high-density planning."

Adding to housing affordability problems, a report by the Housing Industry Association reveals Perth's growth areas are falling behind demand.

The report into WA housing needs showed a shortfall of 17,400 houses last year. The shortage is expected to be more than 70,000 this decade.

WA Planning Minister John Day told The Sunday Times lot production had slowed during the past 18 months as a result of the economic downturn and develop finance being harder to obtain. But he expected the rate of production to increase again.

"There are about 37,000 vacant residential lots, with construction of homes thought to be under way on about half of these," Mr Day said.

"There is currently a stock of 18,500ha of urban-zoned land, which is yet to be developed.

"Assuming historical consumption trends in urbanisation, the current stock of undeveloped urban-zoned land will meet demand for about 22 years."

This information was gathered from:

http://www.perthnow.com.au/news/western-australia/average-perth-house-to-cost-1million-in-10-years/story-e6frg13u-1225843172776

Thinking of buying or selling in Nedlands? Call me anytime

AUCTION THIS SATURDAY

2010-03-23T11:12:00.004+08:00

Hi Property Lover's

AUCTION THIS SATURDAY

12 NOON ON SITE

2/10 The Avenue, Crawley

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

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

Thinking of Selling?

2010-03-23T10:34:00.003+08:00

Hi Property Lover's

Outstanding sale results in Nedlands and surrounds have nearly left me out of stock. If you are thinking of selling and would like an obligation free accurate appraisal & customised marketing strategy to suit your property please call me on 0411 645 174 to discuss.

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

For Sale 39 First Avenue, Claremont

2010-03-18T13:34:00.008+08:00

Hi Property Lovers

Its with great pleasure that I'm able to introduce to the market this entry level family home in quiet location. Situated in a prime Claremont avenue opposite parkland, this property offers the perfect entry point family home...with room to further personalise.

Accommodation: 4 bedrooms, 2 bathroom, study, modern kitchen & meals, large family area, living area, loft/activity room, alfresco area plus courtyard & 2 car bays.

This home offers the perfect entry point for young families into the area or a BLUE CHIP investment with the opportunity to rent, renovate or redevelop.

For Sale - $1,100,000

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.

"Ideal conditions for substantial property growth"

2010-03-16T14:47:00.003+08:00

Hi Property Lover's

I came across this article on Australian Property Investor which i thought was a good read:

Property investment opportunities are exceptional right now because many values are still priced at reactionary downturn levels, according to Australian Unity Investments head of property Martin Hession.

He said unlike in the downturn of the late '80s and early '90s when property, particularly commercial, was oversupplied, the recent property downturn was due to the banking industry.

"In fact, because banks have not been financing property development for almost two years, supply is set to become tight very quickly," he said.

"Combined with an economic recovery in Australia and solid growth in white-collar employment, you get the ideal conditions for substantial growth in the property market."

He said the combination of Australia's strong economy with a slowdown in development only meant "lots of money chasing too few properties because local and overseas property funds now only want to buy in Australia".

The wholesale deposit guarantee likely to end on March 31 was also a factor for high capital growth, said Hession, because at some stage investors will start to switch back from bank deposits to property investment.

But cash availability was still constrained which meant the developer's borrowing cost was still high, he said.

"Property funds and developers generally did not get any of the benefit of the sharp decline in cash rates last year as it was offset by an increase in the risk margins that banks add on top of the basic cost of money," said Hession.

He said that with official rates back on the way up the cost of debt will be a major issue for some funds, and those with significant amounts of debt are still going to struggle.

Hession said, "Property investors should make sure they fully understand the debt arrangements of any fund or development they are considering investing in."

This information was gathered from:

http://www.apimagazine.com.au/api-online/news/2010/03/ideal-conditions-for-substantial-property-growth

Thinking of buying or selling in Nedlands? Call me anytime

"Better off with variable"

2010-03-16T10:02:00.003+08:00

Hi Property Lovers

I came across this article about variable & fixed loans on Australian Property Investor that I thought had some good information.

As a general rule most people are better off sticking to a variable rate for their home loan rather than a fixed rate, according to RateCity chief executive officer Damian Smith.

"The only reason you would move to a fixed rate is if you thought interest rates would spike very, very sharply and very, very quickly – if you thought they were going to go up a couple of per cent very quickly," he says.

On average, Smith notes, interest rates go up in small increments.

He says for the most part the benchmark standard variable rate is more than one percentage point lower than the benchmark fixed rate.

Right now, he says you'll be better off starting on day one with a standard variable rate and you’ll be substantially better off if you make that repayment and add the extra repayment that you would have made if you were on a fixed rate.

For instance, on a $300,000 home loan he points out that the current variable rate is 6.63 per cent, while the fixed rate is 7.7 per cent.

The repayments for a fixed loan on that amount would be $2256 and for the variable loan they would be $2051; if you make the extra $200 payment Smith says you'll be much better off after three years, having shaved more off your principal.

"So for most people the best option is to take the variable rate loan but pay more than the minimum," he says.

This information was gathered from:

http://www.apimagazine.com.au/api-online/news/2010/03/better-off-with-variable

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

Growth Charts

2010-03-16T09:51:00.003+08:00

Hi Property Lover's

I found these charts today on perthnow.com.au with the potential price increase for the metro area over both 5 & 10 year period. Ive attached the links below for your reference:

5 years growth chart:

http://media.perthnow.com.au/fatwire/PropertyGuide/5Year.pdf

10 year growth chart:

http://media.perthnow.com.au/fatwire/PropertyGuide/10Year.pdf

Should you have any further information regarding these charts please feel free to contact me anytime.

This information was gathered from:

http://www.perthnow.com.au/real-estate

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

"Fixed rate loans gain market share"

2010-03-11T13:38:00.004+08:00

Hi Property Lovers

I came across this article on Australian Property Investor which i though had some good information.

New mortgagees have recently doubled the Australian market share of fixed rate loans from just below one per cent in January to more than two per cent in February, according to Mortgage Choice home loan February data.

In the same month, Western Australia's fixed rate demand increased from a record zero per cent to four per cent market share.

But the fixed rate home loan option still has a long way to go to reach its 38 per cent new approvals peak in November 2007, said senior corporate affairs manager Kristy Sheppard.

She said Victoria was the only state that didn't follow this trend, and instead fixed rate demand actually fell to a record low of 0.65 per cent for new approvals.

"In a rising interest rate environment," said Sheppard of the reason why fixed rate loans still remained low, "savvy borrowers look for a competitive product that makes a statement in terms of affordability and flexibility."

In the variable loan category, standard variable loans increased in popularity, climbing one percentage point to 49 per cent of February approvals to its unchanged number one position.

This information was gathered from:

http://www.apimagazine.com.au/api-online/news/2010/03/fixed-rate-loans-gain-market-share

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

COMING UP SOON!!!

2010-03-10T14:36:00.002+08:00

Hi Property Lovers

Coming up soon, neat and tidy perfect entry point home into Claremont or blue chip investment.

To register you details please call me on 0411 645 174

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

Which WA towns are in a building boom?

2010-03-09T14:14:00.004+08:00

Hi Property Lovers

Even though this doesn't really focus on the Western Suburbs, I thought it was good information for property investor's.

Resource-focused towns and regional centres are amongst the top growth areas in WA that are in the middle of a building boom.

The Housing Industry Association reports that a break down of ABS building approvals figures for the December quarter 2009 shows Wyndham-East Kimberley, Kwinana , Mandurah and Harvey were WA's top growth areas.

Top 20 growth areas in WA:

1. Wyndham-East Kimberley
2. Kwinana
3. Victoria Park
4. Mandurah
5. Harvey
6. Serpentine-Jarrahdale
7. Geraldton-Greenough
8. Wanneroo
9. Albany
10. Vincent
11. Busselton
12. Rockingham
13. Broome
14. Northam
15. Gosnells
16. Kalamunda
17. Bayswater
18. Murray
19. Armadale
20. Canning

Although building approvals in the Top-20 local government areas are all coming off a low base, the results are impressive,'' said the HIA's Professional Services Adviser, David Endersby.The range of areas showing strong growth across the entire state illustrates that housing will again be placing pressure on the economy earlier in 2010 than expected.While there were 21,500 building approvals in WA in 2009, it remains well short of underlying demand to build over 30,000 homes in the state each year.''Data from the ABS shows that the Wyndham-East Kimberley area had a 382 per cent growth in building approvals in the December 2009 quarter compared with the same period in 2008.

This compares with the others in the Top-10, Kwinana (up 171 per cent); Victoria Park (up 166%); Mandurah (up 117%); Harvey (up 107%); Serpentine-Jarrahdale (up 102%); Geraldton-Greenough (up 100%); Wanneroo (up 95%); Albany (up 92%); and Vincent (up 91%).Across WA, the approvals were up by an average of 40.7 per cent.

This information was gathered from:

http://www.perthnow.com.au/business/resources-push-up-housing/story-e6frg2ru-1225834750177

If you are after any other property information please feel free to contact me.

Thinking of buying or selling in Nedlands? Call me anytime

77 Archdeacon Street, Nedlands

2010-03-09T13:25:00.005+08:00

Hi Property Lovers

TWILIGHT HOME OPEN

Wednesday 10.3.2010

6.00-7.00pm

Thinking of buying or selling in Nedlands? Call me anytime

February Results

2010-03-09T13:21:00.002+08:00

Hi Property Lovers

February was a good month for the Nedlands area, though Dalkeith was a different story! Last month Nedlands had a total of 12 sales with a value of $15,804,000. Dalkeith has 3 sales (2 still being under offer) with a value of $2,400,000.

Should you have any further questions about the sales results please feel free to contact me.

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

For Sale 33 Napier Street, Nedlands

2010-03-08T10:11:00.007+08:00

Hi Property Lovers

It's with great pleasure to introduce to the this contemporary style single level home.Boasting stylish sunlit interiors this single level modern family home is perfect for young families requiring separate living zones.

Accommodation: 4 bedrooms, 2 bathrooms, study, formal lounge, open plan kitchen meals and living, activity room, alfresco area, double car port

This home is perfect for the young family in a prime location close to Perth's elite school's, shopping and transport.

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.

For Sale 32 Bedford Street, Nedlanda

2010-03-04T16:07:00.008+08:00

Hi Property Lovers

Its my pleasure to introduce to the market this stunning family home. Fabulous outdoor living area includes water features, private alfresco, 10 seater spa and beautifully structured gardens. Inside offers total luxury with formal and informal living, open plan gourmet kitchen and living perfect for entertaining and accommodation suited for families of all sizes.

Accommodation: 4 bedrooms, 2 bathrooms, study, formal living and dining, open plan kitchen meals & living, theatre room, wine cellar, alfresco area, 10 seater spa & triple garage.

Set on an elevated corner block this family homes offers the perfect set out for entertaining all year round.

For Sale: POA

If you would like 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.

AUCTION: 2/10 The Avenue, Crawley

2010-03-03T09:26:00.008+08:00

Hi Property Lovers

It's my pleasure to introduce to the market for the first time in 20 years! A rare opportunity to experience the finest in exclusive water front living just a breath away from the shore line of the sparkling Swan River. This SINGLE LEVEL villa home (over 200sqm) is in pristine condition.

Accommodation: 3 bedrooms, 2 bathrooms, 1 study, kitchen and meals, formal and informal living, courtyard, large front back patio with direct access to the river foreshore & 3 car garage

With direct access to the parkland's and foreshore of the beautiful Swan River and WORLD CLASS panoramic views this home offers a lifestyle that most could only ever dream for!

AUCTION: 27th March 2010 onsite at 12noon

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

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

"Keep an eye on interest rates"

2010-02-24T14:48:00.002+08:00

Hi Property Lover's

I came across this article today today from Australian Property Investor that i thought had some information home owner's should read.

Australians are being warned to be ready for interest rate increases despite the Reserve Bank of Australia's decision to keep the cash rate at 3.75 per cent this month.

Financial comparison website RateCity found interest rates for home loans have been rising despite the cash rate remaining unchanged since December 2009.

It recorded an average increase of 0.32 per cent for standard variable home loan rates across more than 100 lenders in Australia since the Reserve Bank lifted the cash rate by 0.25 per cent in December.

The four major banks – ANZ, Commonwealth Bank, National Australia Bank (NAB) and Westpac – which hold the majority of home loans, increased their standard variable home loan rates by 0.35 per cent on average since December.

RateCity's chief executive officer Damian Smith says borrowers need to be prepared for likely rate rises and not be lulled into a false sense of security by the Reserve Bank's latest decision.
"This is the time to be comparing how high your interest rate has grown compared to the average rates on the market," he says.

"Currently comparison variable home loan rates are as low as 5.7 per cent for a typical $300,000 loan, which could save you over $1300 per year compared to the average standard variable rate of 6.31 per cent for this loan size, or potentially over $33,000 over the life of a 25-year loan (excluding break costs and other fees)."

This information was gathered from from:

http://www.apimagazine.com.au/api-online/news/2010/02/keep-an-eye-on-interest-rates

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

Coming Next week

2010-02-23T15:09:00.005+08:00

Hi Property Lovers

Coming next week.....ground floor 3 bed villa with over 200sqm on living with WORLD CLASS PANORAMIC RIVER VIEWS...walk from your front courtyard directly onto the foreshore of the Swan River.

This property has to be seen to believed.......

To register your interest please call me Mark Anderson on 0411 645 174

The Steps to Buying A Property

2010-02-23T13:46:00.003+08:00

Hi Property Lovers

I came across this article which i thought was a good read for people who are wanting to get into the market:

Step 1 - Do your research

OWNING property has always been the great Australian dream. Whether you are a first-timer or an experienced homebuyer, you need to ask yourself why you want to buy.

Will you want to live in it or are you buying it as an investment to rent it out and pay it off. Do you want a house or apartment, large or small, townhouse or land to build?

Whatever your answer, the more real estate market research you do, the more likely you are to effectively define your goals and understand what’s affordable.

Get onto mailing lists and develop good relationships with real estate agents in the area in which you are looking. Keep in regular contact with them. They can alert you to properties about to come onto the market in your price range.

Step 2 - Work out how much you can afford

Calculate how much you can spend, say one third or less of your pre-tax income in loan repayments. The amount will vary with different lenders, so if you don’t get the deal you want from one, try another.

The loan to value ratio (LVR) is the percentage of the purchase price that lenders will agree to lend. Some lenders will insist you have as much as 10 per cent of the purchase price in a deposit.

Don’t forget to factor in the following costs: legal fees, loan establishment fees, government charges (stamp duty and GST), property and pest inspection fees, moving costs and building and contents insurance.

Step 3 - Find a lender

Look for your loan at the same time or before you start looking for property.

Do some research online to see who is offering the best mortgage interest rates, then approach them in person to get approval “in principle” for your loan. This means if you need to buy at auction, you have the money organised ahead of time.

Banks, building societies, credit unions, solicitors and mortgage originators all offer home loans. A mortgage broker can help you find the best lender and the best rate for you.

There are many loans on offer, so you will need to do more research to understand the terms: a honeymoon rate offers a cheaper interest rate for the first 12 months; a standard variable rate rises or falls when interest rates rise or fall; fixed rates are fixed for a certain period; a redraw loan means you can pay it off, then reborrow that money – you may have to pay a service charge of say $25 every time you redraw.

Step 4 - The buying process

You’ve found the property you want to buy and arranged building or pest inspections. They are good, you make an offer, negotiate the price and the final offer is accepted.

Contact your solicitor or conveyancer (to find one visit www.solicitors.net.au) to do title or body corporate searches, draw up a contract, then arrange to exchange it with the seller.

Once you exchange contracts you are legally bound to go ahead with the purchase. This is also when you pay your deposit of around 10 per cent of the purchase price.

Sign the contract if you and your solicitor are satisfied that everything is in order. Often there are six weeks between exchange and settlement. During this time, you can arrange building and contents insurance on the property, and income protection insurance for yourself.

On the day you are due to settle, before your solicitor passes over the final cheque (or makes the transfer online) you should ask to inspect the property.

You need to check that no damage has been done to it in the intervening period and that all fixtures and fittings that appear in the contract are still in place.

You don’t have to settle on the property until all these conditions have been met.

This information was gathered from:

http://www.news.com.au/money/guides-tools/buying-a-property/story-e6frfme0-1111114595903

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

SOLD SOLD SOLD

2010-02-22T16:15:00.003+08:00

Hi Property Lover's

SOLD SOLD SOLD

51 Tyrell Street, Nedlands

For further information please call Mark Anderson on 0411 645 174

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

"Avoid overcapitalising when you renovate"

2010-02-22T16:10:00.004+08:00

Hi Property Lovers

I came across this great article in Australian Property Investor which i thought was a good read.

Renovated properties may sell faster but not necessarily at a much higher price, according to a recent PRDnationwide agent poll.

The poll results also revealed that the most basic cosmetic touch ups to a dwelling such as painting and landscaping will sell for more profit compared with the more major renovations.

"Street appeal is king," said PRDnationwide Mudgeeraba agent Karl Grossman.

"Many people do a 'drive by' before looking inside. It's much easier to sell a house that looks good on the outside than vice versa. People make up their mind before they get to the front door whether or not they like a property," he said.

PRD Jens Gaunt Warrnambool director Brad Miller said to get it valued first and to seek advice on the renovation's potential added value before proceeding.

The worst return on investment according to the poll was the upsized kitchen and bathroom, along with the extension.

"Owners need to understand the importance of working to a budget," said PRDnationwide New Farm director Adam Gray.

"You need to research who you're targeting as a buyer."

PRDnationwide's five top tips for renovating for profit are:

It's better to focus on presentation rather than renovation. Getting professional advice from a property stylist will give a better result.

Simple things like moving furniture, extra lighting, adding art work and cushions will improve resale value;

Renovations will always cost more and take longer than you budget for;
Don't just design what you like, if the idea is to sell it at the end, you must cater for the local market;

Talk to a local real estate agent to find out what price bracket you should keep the final product under.

This information was gathered from:
http://www.apimagazine.com.au/api-online/news/2010/02/avoid-overcapitalising-when-you-renovate

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

For Sale 5&6/14 Vaucluse Ave, Claremont

2010-02-19T10:13:00.005+08:00

Hi Property Lovers

Its with great pleasure to introduce to the market 2 units transformed into 1 charming villa. the heart of a whisper quiet village location just moments to parkland, transport and the exclusive “Bayview” restaurant/shopping precinct. This beautifully renovated period villa offers young/older couples an exceptional opportunity.

Accommodation:3 bedrooms, 2 bathrooms, kitchen, meals, dining, living, alfresco area & court yard and 2 car bays

This villa is truly one of a kind! large living spaces, private alfresco, good accommodation and a prestigious location.....THIS HAS IT ALL!

For Sale $995,000

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

The Month of January

2010-02-16T14:43:00.003+08:00

Hi Property Lover's

As I said in one one of my previous post, January is traditionally the quietest month in the real estate industry. This year Nedlands had a good January with 12 sales to a total value of $12,033,000.

Dalkeith had 7 Sales with a total Value of $14,355,000.

If you would like any further information on what is happening in the Nedlands and/or Dalkeith area please feel free to contact me via e-mail on mark@mackhall.com.au or anytime on 0411 645 174.

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

"Property investor numbers to double"

2010-02-16T14:24:00.003+08:00

Hi Property Lovers

I came across this article on Australian Property Inspector which i thought was a good indication of what is to come.

The number of Australians intending to invest in property has almost doubled in the past year, according to new research from Resi Mortgage Corporation.

With big rent increases and strong capital gains expected for 2010, wannabe investors intend to act earlier rather than later, said Resi Mortgage Corporation consumer advocate Lisa Montgomery.

"People are noticing that yields are high and property has returned to being the 'new black' to invest in. Confidence is out there," said Montgomery.

Meanwhile Australian Property Monitors (APM) expects rent increases of up to 11 per cent in 2010, following little growth in 2009.

"An improving employment outlook means, overall, renters will be more willing and able to afford rental increases," said APM economist Matthew Bell.

The combination of housing shortage and the sharemarket crash has provided good incentive for property investment, said Bell.

However while rents and price growth increase, it's important not to overlook rising interest rates and land tax, he said.

But according to Portfolio Management Services investment specialist Jock Bing, "the supply and demand gap is only expected to widen further during 2010".

This information was gathered from:

http://www.apimagazine.com.au/api-online/news/2010/02/property-investor-numbers-to-double

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

QUIET SALE....

2010-02-10T14:04:00.005+08:00

Hi Property Lovers

SOLD SOLD SOLD

Napier Street, Nedlands

No Formal Marketing

No Home opens

Full Asking Price

I still have 4 genuine buyers looking for land value Nth of the Hwy. If you are thinking of selling and don't want the hassle of home opens please let me introduce one of my buyers to your home.

Thinking of buying or selling in Nedlands? Call me anytime

Good news for WA property

2010-02-10T13:51:00.003+08:00

Hi Property Lovers

I came across this article on Australian Property Investor, I know its focusing more on the entire state but allows you to get an insight on value.

The Western Australia property market has sprung back with strong median price growth in houses and units, according to the Real Estate Institute of Western Australia (REIWA).

December quarter data revealed new median price records for Perth ($480,000); Geraldton-Greenough ($375,000); Kalgoorlie-Boulder ($350,000); Karratha ($822,000) and; Port Hedland ($685,000).

REIWA president Alan Bourke said Port Hedland was the standout with a $70,000 spike.
"Perth has more than recovered all its 12 per cent loss in median price experienced in 2008, with 14.3 per cent growth in the median house price for 2009," said Bourke.

Perth units and apartments also hit a record high median price of $400,000, and a 15.3 per cent growth for 2009, due to the demand pressure for affordable housing and first homebuyer activity, said Bourke.

While median prices for land jumped 18 per cent in the quarter to $265,000, it still ran short on the 2007 boom median.

Bourke advised that the 14.3 per cent median price growth for units and apartments in 2009 didn’t mean values had jumped, rather it was an indication that upgrade buyers were acquiring more expensive property at the same time the first homebuyer market was diminishing.

More positive signs for the Perth market were demonstrated in the drop in average number of selling days on the market by 10 to 54.

This information was gathered from:

http://www.apimagazine.com.au/api-online/news/2010/02/wa-median-prices-strengthen

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

COMING THIS WEEK

2010-02-08T16:03:00.002+08:00

Hi Property Lovers

Coming up this week.....A unique opportunity to purchase 2 units formed into one residence in a small complex.

To register your interest please call me on 0411 645 174.

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

"Fixed interest rate ideas are in a spin"

2010-02-08T14:33:00.003+08:00

Hi Property Lovers

I came across this article today that can give a little more insight to what is best for you regarding fixed or variable mortgage.

THE Reserve Bank's decision last week to leave the official cash rate on hold has put a new spin on the "fixed or variable'' debate.

Financial markets have gone from pricing in a cash rate of 5.5 per cent by the end of the year to pricing in a rate of less than 4.5 per cent.

That means variable rates are unlikely to rise by as much as was feared, and also that fixed rates are due to be repriced downwards.

While the decision of whether to fix or stay variable confuses everybody at some point, the pressure on owners of investment properties to get it right can be even greater because many have two mortgages to maintain.

However, experts say there are ways to minimise the impact of a rate rise on your investment property, but any increase on your principal residence has to be taken on the chin.

So, if you're going to fix anything, fix the mortgage on your family home.

Broadly speaking, there is more you can do about rate hikes on an investment property than there is on your home,'' says mortgage broker John Manciameli of Mortgage Choice.

First, there is negative gearing the ability to add up all of your outgoings on your investment property, including interest, insurances and expenses, and offset a portion equivalent to your tax rate off your tax bill.
This doesn't help much with cash flow. So landlords who are struggling can apply for an income tax variation which enables them to have the benefits of negative gearing effectively added to their monthly salary.

"Investors can apply for a Section 221D variation, which allows you to provide the tax office with an estimate of what your tax position will be at the end of the year,'' says Yellow Brick Road director James Garnsey.

"The ATO will then contact your employer, who will deduct less tax from your pay cheque.''
Infochoice.com.au chief executive Shaun Cornelius says the premium to fix rates is just too high.
"If you look at three-year fixes you're paying about 1.1 per cent more for fixed rates compared to variable rates,'' he says.

"That is a big margin and not worth the extra cost.''

This information was gathered from:

http://www.news.com.au/money/property/fixed-interest-rate-ideas-are-in-a-spin/story-e6frfmd0-1225827683789

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

The Break Down....

2010-02-05T14:19:00.002+08:00

Hi Property Lovers

People have been asking me how the market is going in the Nedlands area, so here's a short run down on what has been happening and what I expect the market to do over the next several months......Confidence has return, all you have to do is look around and see the SOLD & UNDER OFFER stickers around the suburb, home opens have also been well attended across the board & now offer's are coming in at stronger level's (full asking for some properties). this is great news for the Western Suburbs, especially Nedlands, confirming that the market has hit the bottom and is now starting to recover.....BUT with such a fast recovery in both property & the stock market and the cost of living yet again rising, the Reserve Bank has no other option than to start lifting interest rates (some economist guessing 5% by the end of 2010). With interest rate rise's comes caught ion from buyers when purchasing property. Seller's must not get caught up in the "hype"that we are back in boom times...... I've already started to notice that the expectations of buyers and seller's widening.

SELLERS: Prior coming on the market look a your competition, go to home open's in your area that are similar to your home, go in with a open mind and think is this a better location, better fixtures ect....., how long have they been on the market and how many price reductions have these properties had and most important of all, WHAT HAS SOLD IN THAT AREA IN THE LAST 2 MONTHS? Three key points to remember when selling your home are PRICE , Presentation & LOCATION. If your home represents a good buying opportunity in a highly desired location you will have no trouble selling it.

BUYERS: Interest rate rises....its inevitable that they are going to go up, but remember they are still the lowest they have been in many years. Prices have also come back from post boom level's offering some very god buy's in the area...if you find a house that is a bit outside your price level, don't be scared to put in a offer of what YOU think the property is worth, the worst that can happen is they reject offer, if so move on to the next one, they may counter the offer or they may even accept! Remember the price is there as a guide, but the property will sell what the market is willing to pay.

If you are thinking of selling and would like a obligation free market apprasial of your property please feel free to contact me on 0411 645 174

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

"Living the dream as a landlord"

2010-02-04T12:38:00.003+08:00

Hi Property Lover

I came across this great article on news.com.au about landlords, It's a good read especially if you are a investor or looking at investing.

BECOMING a landlord is the aim of many, but you need to know what you're doing.
Property investing is the subject of countless books and seminars in which so-called experts talk about the easy millions to be made.

It sounds easy but becoming a landlord is not an instant one-way street to riches.

It's to be approached with your eyes open and your wallet shut until you are sure about what you are doing. Here are some key questions to ask.

Have I got a big enough deposit?

Requirements for deposits have increased.

While landlords could get 100 per cent deposits this time last year, the maximum loan-to-value ratios (LVRs) have been cut gradually from 100 per cent to 95 per cent and now to 90 per cent.
In other words, you will need a deposit of at least 10 per cent.

How much rent do I need to earn?

There is no set level of rental income that is relative to the mortgage interest but banks will look at your income and outgoings, including repayments on other mortgages, and assess whether you can afford to cover the interest in the event there is no rent income.

"Most banks will assume four weeks a year when the property is empty," says Mortgage Choice broker John Manciameli.

How long should I invest for?

Investing in property is a long-term game. You can't rely on prices holding up or rising in the very short term and the longer you can afford to commit for the better.
What if I have tenant problems?

Many issues can arise with tenants, from late payment of rent to treating the property badly or malicious damage.Residential tenancies authorities in each state offer plenty of information.
You should take out landlord insurance. It is available from most of the major insurers and covers risks such as arrears and damage.

What if I am self-employed?

If you will have problems verifying your income and need to do a low-doc loan, you will need to stump up a 20 per cent deposit.

But if you can come up with two years' worth of business statements, bank statements and trading history, you will qualify for a normal LVR of 90-95 per cent.
Where are the best areas to buy?

Location, as any landlord will tell you, is key. But in a country with such a shortage of properties on the market, vacancy rates are historically low.

The old tips about buying within half-an-hour or so of the city centre, near shops, public transport and other local amenities hold true.

"Many banks do not like lending in certain areas, particularly regional locations, so they may insist on a higher LVR or won't lend at all,'' Mr Manciameli says.

"Others don't like high-rise blocks.''

How shall I decorate the place?

Try not to impose your own taste on the property. Make it as neutral as possible, with white tiles and neutral colours rather than wacky reds. Avoid swirly patterns on curtains simple blinds are popular.

What are the tax advantages?

Negative gearing, the most famous tax break on Australian property investment, is widely misunderstood.It works like this: if your rent falls short of covering your mortgage interest, you can claim the losses against your taxable income.

However, you don't get refunded all of the losses, only a proportion equal to your marginal tax rate. If you pay 46 per cent tax and you have a $100 shortfall every month, you get back $46 a month against your mortgage interest.

If you pay tax at 30 per cent, you can reclaim $30. Higher earners benefit from negative gearing the most.

Are apartments different to houses?

Yes. If you buy a strata property, you need to check whether the body corporate is competent and cashed up.

"That means checking the building's repair history and looking at how much money is in the sinking fund,'' says James Garnsey, a director of wealth management firm Yellow Brick Road.
"Is there enough to cover major repairs?''

Repairs and maintenance of the property are shared among the owners but major works can still cost each of them a substantial amount.

This information was gathered from:

http://www.news.com.au/money/property/living-the-dream-as-a-landlord/story-e6frfmd0-1225825299750

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

SOLD SOLD SOLD

2010-02-03T15:42:00.003+08:00

Hi Property Lovers

SOLD SOLD SOLD

20 MOUNTJOY ROAD, NEDLANDS

For further information please free to contact me.

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

UNDER OFFER

2010-02-03T09:37:00.006+08:00

Hi Property Lovers

UNDER OFFER FIRST WEEKEND

48 NAPIER STREET, NEDLANDS

For further information please feel free to contact me on 0411 645 174

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

Reserve Bank's official interest rate kept on hold at 3.75pc

2010-02-02T13:34:00.004+08:00

Hi Property Lovers

Some joy for home owner's today.....This report from news.com.au

THE Reserve Bank board has surprised the market, and left home owners relieved, by leaving its official interest rate on hold today.

The market had expected that the Reserve Bank would increase its rate by 25 basis points.
The central bank board has decided to take stock of the recovering economy, even as core inflation remains above its target range and house prices continue to rise.

Economists still expect the Reserve Bank aims to move its cash rate towards a "neutral" setting this year.

AMP Capital investors senior economist Bob Cunneen said Australia was still on course for a cash rate of five per cent by the end of calendar 2010.

"It's just basically a stay of execution," he said on today's decision.

"The bank is just waiting for more information before it moves again.

It's really a board that's said `we've started tightening the screws, but there is no need for pushing on now'.'

NAB, Westpac and Commonwealth said they would hold their standard variable interest rates on mortgages steady.

The Government has welcomed the board's decision to hold fire.

"Today's decision means a family with a $300,000 mortgage are still paying around $600 less than they were paying 18 months ago," Treasurer Wayne Swan told parliament today.

Economic conditions 'stronger than expected'Reserve Bank governor Glenn Stevens said that economic conditions have "been stronger than expected, after a mild downturn a year ago".

"The effects of the fiscal stimulus on consumer demand have now faded, but household finances are being supported by strong labour market outcomes and a recovery in net worth," he said in a statement.

"Public infrastructure spending is now boosting demand, as is an upturn in housing construction. Investment in the resources sector is strong.

"The rate of unemployment appears to have peaked at a much lower level than earlier expected.
"Inflation has, as expected, declined in underlying terms from its peak in 2008, helped by the fall in commodity prices at the end of 2008, a noticeable slowing in private‑sector labour costs during 2009, the recent rise in the exchange rate and a period of slower growth in demand."

Last October the Reserve Bank became the first central bank to increase its rate, as the Australian economy began growing again while other nations continued to grapple with the financial crisis.

By the end of the year, the Reserve Bank had increased its rate by a total of 75 basis points.
Mr Stevens said that lenders had raised rates at a faster rate than the Reserve Bank increased its cash rate.

"Lenders have generally raised rates a little more than the cash rate over recent months and most loan rates have risen by close to a percentage point," he said.

"Since information about the early impact of those changes is still limited, the Board judged it appropriate to hold a steady setting of monetary policy for the time being."

But he added that its cash rate would still have to be further tightened in order to keep inflation under control.

"If economic conditions evolve broadly as expected, the Board considers it likely that monetary policy will, over time, need to be adjusted further in order to ensure that inflation remains consistent with the target over the medium term."

A 25 basis point increase to the official rate would have added about $50 a month to a $300,000, 25-year home, according to research company Canstar Cannex.

In other data out today, business confidence was dented in December by last year's interest rate hikes despite business conditions expanding in the December quarter.

This information was gathered from:

http://www.news.com.au/money/interest-rates/reserve-banks-official-interest-rate-kept-on-hold-at-375pc/story-e6frfmn0-1225825936588

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

UNDER OFFER

2010-02-01T10:20:00.005+08:00

Hi Property Lovers

UNDER OFFER

2 Kalgoorlie Street, Mount Hawthron

For further information please feel free to contact me.

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

For Sale 48 Napier Street, Nedlands

2010-01-28T09:09:00.008+08:00

Hi Property Lovers

its with great pleasure to introduce to the market A rare opportunity to acquire a "Near" original brick/tile bungalow with generous proportions. Period features including jarrah boards, ornate ceilings...ect all on an ELEVATED 696sqm BLOCK.

Accommodation: 2 bedrooms, 1 bathrooms, formal living & dining, kitchen with meals area & parking for 2 cars

On a elevated 696sqm block this home is a magnificent investment in a blue chip location or the perfect opportunity to build you and your families new dream home.

For Sale $1,150,000

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.

SOLD SOLD SOLD!!!!

2010-01-27T12:33:00.003+08:00

Hi Property Lovers

SOLD SOLD SOLD

42 Weld Street, Nedlands

For further information please call me on 0411 645 174

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

For Sale 7 Waverley Road, Shenton Park

2010-01-22T10:19:00.007+08:00

Hi Property Lovers

Its with great pleasure to introduce to the market this Brilliantly situated in Perth's exclusive suburb of Shenton park just a moments stroll to nearby parkland, Shenton Park lake, restaurants and shopping this contemporary 2 level home offers a level of sophistication which is highly sought yet seldom found!

Built to executive standards with clean architectural lines and designed to maximise light, space and beauty. State of the art fixtures and fitting, full security, secure lock up garaging from an ROW, cool relaxed living area's that extend to private alfresco area's and heated pool.

There has been no compromise on excellence.....7 Waverly Road, Shenton Park is the ultimate expression of contemporary family living.

For Sale $2,600,000

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

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

Become mortgage-free faster in 2010

2010-01-21T10:37:00.003+08:00

Hi Property Lovers

I came across this article on Australian Property Investor that i thought was a good read and had some good points as well.

To begin 2010 a little closer to being mortgage-free, there are five steps investors need to take, according to Mortgage Choice.

The first step is to look at the market – compare the interest rate to other lenders' rates and determine what's fair and necessary where fees and features are concerned.

The second step is to work out if it's possible to contribute extra to the loan by paying fortnightly instead of monthly, or making the loan a partial offset.

The third step is to repay the mortgage as if its interest rate was two percentage points higher. This would prepare the investor for the moment there was a rate rise and would also encourage a good savings habit.

The fourth step is if repayments have been a struggle, to consider refinancing over a longer term, or if the investor had been making extra repayments to reduce the loan faster, refinance the loan so the repayments reflect what is owed on the loan rather than the original amount.
And the fifth step is to analyse spending habits. List expenses and work out where expenses can be cut so more can be contributed to the mortgage.

Editor of Australian Property Investor magazine Eynas Brodie says with the general expectation that interest rates will continue to rise this year, now is as good a time as any for borrowers to review their mortgage.

"Mortgages are one of those things in life that become like a habit," she says. "Every fortnight or every month we make our repayments, but how often do we take time to check that we’re still getting the best deal or making as much headway as we potentially could be?"

"For borrowers, especially those with multiple mortgages, it's important to periodically give your borrowings a health check and see if there are savings to be made and if you can reduce the life of your loan," she says. "Alternatively, if you're struggling financially, refinancing the loan and extending the term of the loan may just give you the relief you need."

This information was gathered from:

http://www.apimagazine.com.au/api-online/news/2010/01/become-mortgage-free-faster-in-2010

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

Coming Next Week

2010-01-20T14:55:00.004+08:00

Hi Property Lovers

Coming up next week.................

1.Stunning contemporary home in Shenton park perfect for the professional couple, smaller family or downsizer's

2. Two bedrooms single level character home in Nedlands Nth of the Hwy.

To register your interest in these properties please feel free to contact me anytime on 0411 645 174.

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

For Sale 77 Archdeacon Street, Nedlands

2010-01-18T09:53:00.007+08:00

Hi Property Lovers

It's with great pleasure to introduce to the market this brand new breathtaking Nedlands residence. Expertly designed with a focus on contemporary family living, this BRAND NEW luxury home features clean architectural lines, generous living areas, brilliant alfresco that looks over a stunning L shape pool and grass area.

Accommodation: 4 bedrooms 5 bathrooms plus powder room, study, open plan gourmet chefs kitchen meals and living, theatre/games room, formal lounge/dining, upstairs' living area, wine cellar, alfresco area, pool, double secure lock up garage

The highest level of finishes have been used throughout to bring to together one of Nedands most stunning new homes.

For Sale Price on Application (Range $3.5-$4mil)

If you would like to arrange a private viewing or for further information please feel free to contact me anytime on 0411 645 174

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

For Sale 51 Tyrell Street, Nedlands

2010-01-18T09:36:00.008+08:00

Hi Property Lovers

Its with great pleasure to introduce to the market this stunning contemporary home.Situated on an elevated 1012sqm, offering outstanding district views and river glimpses, this contemporary two storey residence features cool, relaxed living areas inside & out, separated zones for children and adults...with the master suite downstairs... a home theatre, pool trampoline and lots...lots more!

Accommodation: 4 bedrooms, 3 bathrooms, study, open plan kitchen meals and living, upstairs theatre room, outdoor entertaining, pool, double secure lock up garage.

Every time you walk through the door of this stunning home life will feel like a holiday and living will become just that much easier!

For Sale-Price On Application (Range $3-$3.5mil)

To arrange a private inspection or for further information please feel free to contact me anytime

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

UNDER OFFER

2010-01-11T12:04:00.004+08:00

Hi Property Lovers

UNDER OFFER

103B Bruce Street, Nedlands

14 Hammond Road, Claremont

For further information on these properties please feel free to contact me anytime.

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

GREAT NEWS FOR BUYERS….. price reductions all round!

2010-01-11T11:55:00.005+08:00

Hi Property Lovers

I hope you all had a excellent Christmas and New Year break….. To start of the year I’m offering a great selection of new properties throughout Nedlands and some massive prices reductions!

42 Weld Street, Nedlands

Price Reduction
$1,749,000

20 Mountjoy Road, Nedlands

Price reduction
$1,895,000

For further information on these great homes or to register your interest in my up and coming properties please feel free to contact me anytime.

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

Merry Christmas & Happy New Year

2009-12-21T10:11:00.003+08:00

Hi Property Lovers

I will like to take the time to wish you all a very merry Christmas & Happy New Year.

Even though the Mack Hall & Associates office will be closed over the festive season all my properties will be available to view and I'm available to be contacted on my mobile anytime.

I Hope everybody has a very enjoyable and relaxing break and I look forward to speaking with you all in the new year.

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