"Exclusive listings benefit vendors"

Hi Followers

I came across this and thought id post it!

While a majority of the real estate industry believes agents are the ultimate beneficiaries of an exclusive listing system, many agents still believe there are rewards for vendors who list their properties exclusively.

In a recent Real Estate Business straw poll, 66.3 per cent of 534 respondents claimed agents are the main beneficiaries of an exclusive listing system, but more than a third (32.6 per cent) said the system favours vendors.

Kingsley Looker, sales executive for Cunninghams Property in Balgowlah Sydney, told Real Estate Business exclusive listings are about the control of the property and achieving the best possible result for the vendor.
“When a vendor lists their home exclusively with an agent they are giving the agent complete control over the property. There is only one captain on the ship and this can aid the transaction,” Mr Looker said.

“I don’t believe it is in the best intentions for the vendor to have three different agents singing three different keys – it rids consistency when marketing the property.”

But while Mr Looker believes an exclusive listing favours the vendor, he conceded that some agents will only take on exclusive listings for their own advantage.

“Obviously agents will benefit as they are the ones that get paid. With no competition it comes down to whether the agent can complete the transaction and take home the commission,” he said.

“At the end of day I think both parties benefit, but the main focus is on vendors. Our job is to sell their property in a timely fashion and achieve the best possible price-  this is how we get paid.”

This information was gathered from:
http://www.rebonline.com.au/breaking-news/4255-exclusive-listings-benefit-vendors

To discuss please call Deb Brady on 0405 570 903 anytime

DEB BRADY
0405 570 903

"Banks get into rates battle"

Hi Followers

I came across this article this morning and thought id share it with you all:

Big banks are unleashing aggressive home loan interest-rate discounts to compete for customers as the lending market dries up.

Fixed rates for popular mortgage packages have fallen by up to 0.65 of a percentage point in the past two months as Commonwealth, Westpac, NAB and ANZ jostle for extra business, analysis for the Herald Sun shows.

Some variable rates fell by up to 0.15 of of a percentage point, according to Canstar Cannex calculations, based on $250,000 loans.

The discounts arrived as a RateCity report released yesterday found the first-home buyer market was in freefall, mainly because of steeper variable rates. There have been 40,000 fewer buyers in the past 12 months, translating to a borrowing black hole of more than $11 billion.

Canstar spokesman Mitchell Watson said competition was intensifying as the number of people taking out loans retracted in the turbulent economic environment.

Customers with big deposits, or loans of more than $500,000, usually got the best deals. Mr Watson said: "They are fighting each other for new customers or to get people to switch. There is genuine competition between the majors as they clamour for business and try to drive people into the market."

Westpac is the latest to up the ante, yesterday announcing further fixed-rate reductions of up to 0.2 of a percentage point.

It is also offering a limited-time 20 per cent discount on the first year of new home and contents insurance with Premier Advantage packages.

Commonwealth recently vowed to beat any rate advertised by its big rivals until the end of this month on fixed or variable interest loans worth at least $100,000.

The CBA was rated the worst major mortgage lender in review site Mozo's poll of 23,000 people.
ING Direct was voted best overall bank for the second year in a row.

Mr Watson said fixed-rate home loans were now below variable rates and locked in stability, but he warned some carried significant penalties for breaking the term early. Customers also could potentially lose out if variable interest rates dropped in the future.

This information was gathered from:
http://www.perthnow.com.au/business/business-old/banks-get-into-rates-battle-as-lending-market-slows/story-e6frg2qu-1226148740330

For further information please contact Deb Brady on 0405 570 903 anytime.

DEB BRADY
0405 570 903

For Sale 16 Burns Street. North Fremantle

Hi Followers

It is rare to find a character home beautifully restored and flowing with classic and contemporary features.This is it. Built in 1896, the period features include high ornate ceilings, stunning fireplaces, wide jarrah floorboards, original skirting's and architraves with a tuck pointed facade.

This immaculate home represents modern living. Tastefully appointed throughout with European kitchen appliances, a spacious light filled bathroom and ducted air conditioning. Sitting amongst Perth's premier restaurants, bars and beaches this unique property offers dual residential/commercial zoning and totals 344 square metres to present multiple opportunities.

Accommodation: Three large bedrooms, a recently renovated vibrant bathroom, contemporary kitchen, living area.

Features: Built in 1896, the period features include high ornate ceilings, stunning fireplaces, wide jarrah floorboards, original skirting's and architraves with a tuck pointed facade, European kitchen appliances, parking for 2/3 cars, sprawling backyard.

For Sale $985,000

To arrange a private viewing or for further information please contact Deb Brady on 0405 570 903

DEB BRADY
0405 570 903

For Sale 17 Georgette Road, Gracetown

Hi Followers

Designer beach house with panoramic ocean views.

Understated beach-inspired glamour and a relaxed sense of luxury set the tone for this spectacular Gracetown house.

Every now and then a home comes along that ticks all the boxes.

Large windows provide wonderful views of the ocean making the rooms bright and airy. White is predominant in the interior; in the spacious, luminous upstairs area reinforcing the beach look, and the natural texture of wood adding warmth that all blends harmoniously.

Positioned in the middle of the capes, 15 minutes north of Margaret River, Gracetown offers unequalled lifestyle, safe swimming beaches, boat ramp, world class waves, tennis club, Bay store and café; all within walking distance.
• Fully equipped open plan kitchen
• Huge freestanding stainless upright oven
• Dishwasher
• French style farmhouse ceramic double kitchen basin
• American Oak bench tops in kitchen and bathrooms
• Terrazzo Tiles in all wet areas
• White washed floorboards
• Half kitchen on lower level
• R/C Air-conditioned
• Stainless remote control lighting and fans in all rooms
• Kids living down stairs and Parents living upstairs
• 5 bedrooms (2 king, 2 queens, double built in bunk room) comfortably sleeps 12
• 2 bathrooms
• Stone built barbecue area
• Outdoor limestone edged volleyball/Babington white sand pit
• Outdoor shower area
• Plentiful parking

A property of this quality has not been offered in Gracetown for a long time, all you need to do is move in and enjoy this incredible Gracetown property and life style, drop me an email or give me a call on 0448 900 838 to arrange an inspection.

 For Sale: $2,395,9000

To arrange a private inspection or for further information please contact Deb Brady on 0405 570 903

DEB BRADY

0405570903

"Mining towns a hot investment"

Hi Followers

Thought this article would be a good read as we are the mining state!

Whether it's Queensland or Western Australia, mining towns are digging out much more than coal and gas. Property values are also being lifted, according to RP Data.

Research director Tim Lawless says with all the hype around the resources sector, mining towns are showing strong growth.

“There is a real boom with the housing markets around the resource-intensive regions benefiting from strong demand,” he says.

“As a result, this is driving up transaction numbers and home prices.”

RP Data says high levels of demand, coupled with scarcity of quality housing in some mining regions, is showing that median house prices are actually higher than many of the most prestigious suburbs in capital cities.

Western Australia’s Roebourne, Port Hedland and Broome council areas have recorded the highest median house prices outside of a capital city at $950,000, $775,000 and $660,000 respectively over the year to June 2011.

In Queensland, Isaac ($445,000) and Gladstone ($415,000) are showing the highest median house prices of any council region in the state, outside southeast Queensland.

Rental yields in mining towns are also well in excess of capital city averages.

The rental return in Port Hedland is 12.7 per cent, while Cloncurry in Queensland has a yield of 11.4 per cent.

“With the non-rural commodities sector gathering pace, resource-driven regions should continue to prosper,” he says.

However, investors should also be aware that mining towns are reliant on a single commodity.
“Any weakness in the resources sector is likely to be reflected within the housing market,” Lawless warns.

This information was gathered from:
http://apimagazine.com.au/api-online/news/2011/09/mining-towns-a-hot-investment

DEB BRADY
0405 570 903

For Sale: 5/44 Barnfield Road, Claremont

Hi Followers

Melbourne? Paris? New York? More like Claremont! This very trendy converted warehouse apartment has to be one of the funkiest places to live within the Western Suburbs! This apartment offers the perfect opportunity for a young professional couple or downsizer looking for something very modern, easy care and lock up and leave. Split over 2 levels the ground floor consist of open plan kitchen meals and living area with bi-folding doors opening to a private courtyard with the top floor offering 2 large bedrooms, 2 bathrooms and a area perfect for a study.

Accommodation: 2 bedrooms, 2 bathrooms open plan living meals and kitchen, separate living/entertaining area, private and secure front courtyard & double secure lock up garage.

For Sale  $1,295,000

To arrange a private viewing or for further information please call Deb Brady on 0405 570 903 anytime.

DEB BRADY
0405 570 903

AUCTION THIS WEEKEND! 5A DEANE STREET, COTTESLOE

Hi Followers

Come down this Saturday the 17th September to the Auction at 5A Deane Street, Cottesloe, only 50m from the waters edge this single level home is the perfect downsizer!

Come down from 10.50am for the home open with the Auction commencing at 11.30am sharp.

Hope to see you all there!

DEB BRADY
0405 570 903

"Interest rates kept on hold again"

Hi Followers

Please read below:

Some mortgage holders may be breathing a sigh of relief. Others may now have to wait a little bit longer before they can buy that dress that want.

Whether you were expecting an interest rate rise or a cut this month, there was lots of speculation to support both possibilities. The booming mining sector and the strong Aussie dollar indicated rates could rise. But the struggling manufacturing sector and the volatile sharemarket could have seen rates dip.

However, the Reserve Bank of Australia (RBA) has kept the cash rate at 4.75 per cent, where it's been since November 2010. Governor Glenn Stevens acknowledged that the economy is going through quite a confusing period.

"Conditions in global financial markets have been very unsettled over recent weeks, as participants have confronted uncertainty about both the resolution of sovereign debt problems and the prospects for economic growth in Europe and the United States," Stevens says.

"Some temporary impediments that had contributed to a slowing in growth in some countries over recent months, such as the supply-chain disruptions from the Japanese earthquake and the dampening effects of rising commodity prices are lessening. But the uncertainty and financial volatility is reducing confidence and may result in more cautious behaviour by firms and households in major countries. A number of forecasters have scaled back their global growth estimates over the past couple of months."

Mortgage Choice spokesperson Kristy Sheppard says the RBA's decision is positive news for investors.
"I think sanity has prevailed, that's for sure," she says.

"The RBA knows times are challenging for many consumers, so the bank has reacted. The longer interest rates remain stable, the more positive flow-through there is, and that flows onto the housing market. Owners will see more return to growth and buyers don't have the shadow of repayment increases, so there's a positive there as well."

However, she adds an interest rate cut is "quite unlikely" down the track, due to the continuing mid-term pressures of inflation and the mining boom.

This information was gathered from:
http://apimagazine.com.au/api-online/news/2011/09/interest-rates-kept-on-hold-again

DEB BRADY
0405570903

COMING UP THIS WEEK

Hi Followers

Coming up this week...

1. New York inspired apartment closing to transport and shopping
2. Ultra contemporary 'Groovy' North Fremantle home

To register your interest please contact Deb Brady on 0405 570 903 anytime.

DEB BRADY
0405570903

For Sale 29 Florence Street, Cottesloe

Hi Followers

I want to add some wording in the last sentence, it will now please read: Accommodation is ample with 4 large bedrooms, a selection of upstairs & downstairs living areas, open plan living, large games/activity room or studio & several private courtyards for outdoor entertaining.

ACCOMMODATION: 4 bedrooms, 2.5 bathrooms, home office, open plan living kitchen and meals, large games/studio room, several outdoor courtyards, double secure lock up garage

For Sale-Offers closing 27th September 2011

For further information or to arrange a private inspection, please call Deb Brady on 0405 570 903 anytime.

DEB BRADY

0405 570 903

"Why rents are likely to increase"

Hi Followers

I found this article that I thought I'd post:


There's always been the great debate between capital growth and rental yield. It's often been argued that the higher the capital growth, the lower the yield, and the lower the capital growth, the higher the yield. But given the current economic climate, it's difficult to know which one investors should be focusing on.

While capital cities haven't delivered great gains of late, rents are likely to increase across the board, even for those who still prefer to buy in a capital city, according to Jane Slack-Smith of Investors Choice.
"Affordability is going to be the key driver," she says.

"That will mean we're going to see a move from capital growth being a fundamental of property investors' purchasing criteria to seeing more of an importance on yield. We'll see an increase in yield, mainly on the fact that people can't afford to buy their own property. They'll need to rent so there will be an increase in demand."

Slack-Smith also believes it's becoming more common for people to buy investment properties in cheaper areas, while they continue to rent in capital cities.

On the other hand, author and property millionaire Jan Somers says rental yields in capital cities are actually falling over time, but investors should do their research before they buy a property with a higher rental yield.
"In general, they won't have a very good capital growth," she says.

"When you have high yield it's usually high maintenance and high turnover."

Terry Ryder of hotspotting.com.au argues plenty of areas around Australia are increasing in value - the problem is that investors are looking in the wrong spots.

"The general media line is that prices are flat or falling, but they're talking about capital cities," he says.
"They're ignoring the regions where prices are growing quite strongly."

He lists Gladstone, the Surat Basin, Newcastle and Hunter Valley as the strong performers and says these areas will have both growth and increasing rental yield, as more people move into the areas. He also likes Bendigo and Ballarat in Victoria and Port Augusta and Whyalla in South Australia.
"People should always look for good returns," he says.

"If you can get beyond the fixation of a capital city and buy in the right region, you'll get strong capital growth over the medium to long term and the rent at least pays for the property."

This source of information was gathered from:
http://apimagazine.com.au/api-online/news/2011/08/why-rents-are-likely-to-increase

DEB BRADY
0405 570 903