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Thursday 27 October 2011

For Sale: 10 Davies Road, Dalkeith

Hi Followers

As soon as you step into this stunning architect designed home you can comprehend just how amazing it truly is. Designed around a central 18m Swimming pool the outlook from all rooms is enticing and refreshing. Throughout the home the highest standard of fixtures and fitting have been use and no expense spared.
This home will be your own private resort!

ACCOMMODATION:

Ground Floor: formal living with large dining area with views across the pool, gourmet chef's kitchen fitted with European appliances designed around the northern winter sun, family area opening to Balinese inspired alfresco area, substantial master suit with walk in robe and enormous bathroom, large home study area

Upper Level: large bedroom with ensuite, 3 further bedrooms with built in robes, children's living area, bathroom

Lower Ground Floor: Separate guest wing/staff quarters with own ensuite and kitchenette and separate entry, theatre room, 4 car garage storage room with cellar and plant room.

Features: Oak and porcelain floors, 18m solar heated pool, 2 laundries & 2 hot water systems, laundry chutes, full security and gated entry system, reticulated lush tropical gardens.





FOR SALE: $4,950,000

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

DEB BRADY
0405 570 903

Wednesday 19 October 2011

"'Financial confidence' edges back"

Hi Followers

I read this today and thought I'd share it with you:

Australians are becoming more confident about their financial stability, new research has revealed.

According to the latest ING DIRECT Financial Wellbeing Index, 28 per cent of Australians are prepared to start spending over the festive season, following a period of frugality and personal debt reduction.

In addition, 59 per cent of households are now saying they are comfortable with mortgage debt.

After bottoming in Q1 of 2011, financial confidence has risen to 105.9 2011 from 104.8 this time last year.

ING DIRECT chief executive Don Koch said the results prove Australians are becoming more confident and comfortable with the current interest rate environment and future outlook.

“Despite a volatile quarter in financial markets, Australian households are proving their resilience as they get debt under control and build a strong savings base,” he said.

“Australians have worked hard to improve their financial position over the past two years. We now have a very clear perspective of what’s happening in terms of financial confidence, and households clearly feel better about reduced credit card debt and increased personal savings. Overall, many households are well-placed financially.”

This information was sourced from:
http://rebonline.com.au/breaking-news/4333-financial-confidence-edges-back

DEB BRADY
0405 570 903

UNDER OFFER!!!

Hi Followers



                         

8A SENATE STREET, CLAREMONT

For information please feel free to contact Deb Brady anytime.

DEB BRADY
0405 570 903

Monday 17 October 2011

COMING THIS WEEK!!!

Hi Followers

Coming up this week....
  • Family Home in North Fremantle
  • Character living in Claremont
To register your interest please contact me anytime.

DEB BRADY
0405 570 903

Wednesday 12 October 2011

"Perth rents heat up"

Hi Followers

I came across this article that I thought was a good read for investor's:

As Perth house sales rise by only one per cent for the September quarter, and villas and townhouses experience a seven per cent drop, more individuals are turning to renting which means rising rents for landlords, according to the Real Estate Institute of Western Australia (REIWA).

Despite an increasing supply of ‘for sale’ stock being passed in to the Perth rental market, the strengthening rental demand has more than absorbed the surge, as overall properties available for lease plunge by 20 per cent for the September quarter, said the REIWA.

The plunging rental vacancy rate from 3.4 per cent in the June quarter to 2.8 per cent in the September quarter is an indication that more individuals are choosing to rent than own, resulting in stronger rental returns for landlords at an increased rate of four per cent or $15 per week on the average rent, said REIWA president David Airey.

This average rent increase  – the first mid-year rent rise since 2008 – nudges the annual increase to 6.8 per cent, he said.

However some areas in Perth have performed better than others.

The highest recorded average rent increase of eight per cent has been witnessed in the City of Melville due to strong multi-residential leases, while the City of Cockburn was up by five per cent to $400 and the City of Vincent/SE City of Stirling was up by five per cent to $405.

No increase was evident in the Cities of Swan, Rockingham-Kwinana, Belmont, Canning, or the southern areas of City of Joondalup due to what Airey said might be the “mix of property available for lease”.

“Both the overall median house and multi-residential rents increased by $10 per week for the quarter, taking the median house rent to $400 per week and the median unit rent to $380 per week,” he said.

This information was gathered from:
http://apimagazine.com.au/api-online/news/2011/10/perth-rents-heat-up

DEB BRADY
0405 570 903

Thursday 6 October 2011

"Is it the bottom of the market yet?"

Hi Followers

The question everybody seems to be asking!

There’s more for sale, there are fewer buyers out there and loans are pretty hard to get right now. But how do you know for sure if it’s the bottom of the market? As investors, we all want to buy when we know things are likely to turn. However, trying to figure out exactly when that will happen is almost impossible, according to Patrick Bright of EPS Property Search.

“The truth is, it would normally take you between six to 12 months to know for sure. You’d need to see at least two quarters to see a pattern or a trend,” Bright says.

“It could be a short-term thing and the market turns because of supply in that little pocket, but it doesn’t mean the market has definitely turned (even if the statistics over two quarters look promising).”

Bright admits we may not see “massive growth” for some time, but that doesn’t mean there’ll be massive falls either. While the first-time investors are holding back and waiting, Bright is seeing more “seasoned” investors getting on with the job.

“If you’re buying to hold for 10 years plus and if you’re buying and selling in the same market, it doesn’t matter. An investor will buy when they can afford to buy. A speculator will try to time the market and I wish them all the best.”

While interest rates have been kept on hold, one true indication that the bottom of the market has been reached could be when interest rates start to fall, according to Bright. This is because it will attract more buyers to the market and investors will start to feel more confident.

“It’s very unusual for rates to go down and then back up very quickly, so once they start to go down, that will be an indicator.”

Of course, the bottom of the market in one part of Australia could be a rising market in another. Bright says even in Sydney, each pocket seems to have properties selling and you really have to research your area and market first to know where you can negotiate harder and which price brackets have more competition.

For example, anything above $3 million on the Lower North Shore is “really soft” but below $1 million is still “pretty firm” and the $1 million to $2 million market is doing okay. However, go further north past Curl Curl and the market above $1 million is “pretty soft”. The eastern suburbs are “soft in general” but the inner-west of Sydney is still performing.

“Some parts of the market have got a lot of stock, some have less, but my view is that if you’re a homebuyer, I would get on with it,” he says.

This information was gathered from:
http://www.apimagazine.com.au/api-online/news/2011/10/is-it-the-bottom-of-the-market

DEB BRADY
0405 570 903

 

"Buyers more cautious now than 2009"

Hi Followers

I came across this article that I though I would share with you:

Australians are more worried now about the state of the economy than they were during the depths of the GFC.

Research from RFi shows people are being particularly cautious when it comes to borrowing, with many preferring to save their money instead.

“What is interesting to note is that many Australians are choosing to save for no particular reason. They have no savings goal. They just want to save in a bid to help them feel more comfortable about the future,” RFi director Alan Shields told Real Estate Business.

According to Mr Shields, prolonged interest rate stability is having a negative impact on consumer confidence.

“We are at a place now where the RBA has not moved for the best part of a year and that makes people nervous – it creates uncertainty.”

In addition, the constant negative news stories spilling out of the United States of America and Europe are adding to growing buyer pessimism.

This information was gathered from:
http://www.rebonline.com.au/breaking-news/4248-buyers-more-cautious-now-than-in-2009

DEB BRADY
0405 570 903

Tuesday 4 October 2011

"RBA urge to change it's tune on growth"

Hi Followers

Being the first Tuesday off the month I thought it would be appropriate to post this article:

INTEREST rates are tipped to remain on hold for the 11th month in row when the Reserve Bank board meets later today.
A poll of  15 economists by AAP shows those surveyed think interest rates will again stay on hold at 4.75 per cent, but some analysts believe the Reserve Bank will move to cut rates later this year.

Amid speculation that Australia is in the middle of a protracted rates freeze, they say the central bank's board is likely to give itself more "wriggle room" to act aggressively if the debt crisis spills across the world.

Analysts say the central bank is today likely to soften its rhetoric on the sharply polarised character of the economy in the wake of fresh evidence that core inflation is slowing.

CommSec chief economist Craig James said it was time for the RBA to change from a position that assumed economic activity would lift along with inflation.

The latest data shows that manufacturing continues to contract while inflationary pressures are easing, not growing," Mr James said.

"In fact, apart from mining, the Australian economy more broadly continues to struggle. Housing activity is at decade lows and consumer spending is stagnant."

He said that while the RBA was unlikely to adopt an "easing bias", investors should look for "more dovish language" in the statement that would accompany today's decision.

"Interest rates clearly won't be rising any time soon. The main interest is whether the Reserve Bank softens its upbeat rhetoric on the economy in its monetary policy decision," Mr James said.

His comments follow the release of TD Securities-Melbourne Institute monthly inflation gauge, showing core inflation was at a seven-year low in September.

Excluding volatile items such as petrol and fruit, prices were up just 1.2 per cent on a year ago. "It doesn't matter which way you cut the data, inflation is under control," he said.

According to 15 economists surveyed by AAP, the central bank will keep the cash rate at 4.75 per cent.

Westpac is maintaining its position - first articulated in July - that a rate cut is necessary before Christmas.

The bank's senior economist Matthew Hassan said a number of rate cuts would be needed to stimulate growth in the face of a weaker domestic economy coupled with deteriorating conditions abroad.

Nomura chief economist Stephen Roberts said he expected a single rate hike by the RBA in February next year as Europe's crisis settled and Australia powered ahead on the back of further strong growth in China.

"Providing that happens for the US and Europe then there's not too much to worry about with Asian growth," Mr Hassan said.
 
This information was gathered from:
 
DEB BRADY
0405 570 903
 


 

"Fixed rates gain traction with borrowers"

Hi Followers

I came across this article and thought I'd share it with you all:

Dramatic fixed rate cuts are paying dividends for lenders, with one mortgage broker aggregator group recording a sharp increase in the popularity of these products.

According to the latest AFG Mortgage Index, released today, fixed rate home loans rose sharply in popularity in September, as first home buyers returned strongly to the market, especially in New South Wales and Western Australia.

More than 16 per cent of all new home loans processed in September were fixed rate loans, compared to 9.4 per cent the month before, and even lower figures for most of 2011.

The last time fixed rate loans were so popular was in April 2008 when they comprised 18.4 per cent of the product mix.

AFG Mortgage Index also shows a strong return of first home buyers in New South Wales, Western Australia and to an extent Queensland during September.

While the national figure of 15.7 per cent of first home buyers is in line with the long term average, in NSW first home buyers accounted for 18.9 per cent of the market, in WA 17.4 per cent and in QLD 15.8 per cent.

AFG general manager of sales and operations Mark Hewitt said the combination of more realistic property prices, attractive financing options, and lack of confidence in the share market seems to be coaxing first home buyers and investors back into some markets.

This information was gathered from:
http://www.rebonline.com.au/breaking-news/4271-fixed-rates-gain-traction-with-borrowers

DEB BRADY
0405 570 903

COTTESLOE COTTESLOE COTTESLOE

Hi Followers

I truly believe that Cottesloe is just the best place to live! World class beaches, cafes, restaurants, boutique shopping and some of Perth's best properties.

Ive placed a link below to the Town of Cottesloe website for or information about this magnificent suburb!

http://www.cottesloe.wa.gov.au/Home.htm

DEB BRADY
Living & Selling Cottesloe
0405 570 903