Quality tenants are becoming harder to find and are taking longer to find. One of our landlords with a quality 2 bedroom unit in Toorak Gardens, Adelaide, had to reduce their rent by $20 and it took 4 months before they got their ideal tenant! The market has not been so bad for years.
A Property Investment Seminar, WEDNESDAY 27th APRIL 2016, using the talents of a Financial Planner, Tax Accountant, Mortgage Broker and Investment & Development Experts.
We will show you some amazing Australia-wide market research that can put you in a position of strength that you never dreamed possible. Our main focus is education. We will not be spruiking properties for sale.
Investment seminars can be a dime a dozen but we believe that this will have something more to offer. What is at stake is your future; your financial well being and possibly your whole retirement. Continue reading
If you note that ‘Shui’ is pronounced ‘Sh way’ then the title of this article may start to
make sense as you read on.
Feng Shui is the 3,500 year old Chinese philosophy of harmonising the forces of wind and water with the environment which can include buildings, in fact Feng Shui literally means Wind-Water. It is said the often tortuous path followed by the Great Wall of China was determined by the old Feng Shui masters.
As a builder or architect or if you are just thinking about selling your home it’s not important whether or not you believe the principles of this philosophy but whether or not you wish to sell your home to people who do.
But it doesn’t have to be all or nothing … or tortuous.
GST INCREASE OFF THE TABLE – FOR NOW
There has been a lot of talk in recent months about a possible increase to the GST from 10% to 15% but with a backlash from the electorate and even a revolt of the Liberal back benchers Malcolm Turnbull finally announced in Parliament Question Time on 8 February that it was all but off the table.
The original idea was that the GST would be increased but personal and company tax would be reduced and low income earners would be compensated in other ways for the extra GST they would have to pay. But most of the electorate believes that the average person would end up paying more whilst the big end of town would get tax reductions. A Newspoll published in the Australian on 1 February found that 54% of voters were against raising the GST whilst only 37% were for.
This is the question someone asked me as I showed them through an empty house I had for sale!
It might sound reasonable, innocence, sensible, stupid or quirky but what it really shows is that without furniture a house can be anything and demonstrates graphically that most people find it difficult to visualise the potential of an empty canvas. What it means for Vendors and Real Estate Agents is that marketing a house has to accept this quirk as reality and he who fails to do so could be throwing money way.
Empty houses will sell but probably for many thousands of dollars less than if properly decorated.
With this in mind it makes the average cost of hiring a Property Stylist of about $1,500 money well spent.
Wendy O’Connor from Property Presentation Plus did another master work for our recent sale at Huntfield Heights. The before and after photos are very telling but they don’t give much of an indication of how much work went into this; all the discussions with the owners, the colour schemes & furniture options considered, advice on where to spend money and what not to spend on to create the WOW factor that got one of the highest prices in the area.
But have a look at the photos anyway and you might get a bit of an idea. Continue reading
BIG CHANGES COULD BE ON THE WAY
The Chinese stock market suspended trading on 4th January after suffering big losses that triggered automatic shutdown mechanisms setup by the Chinese government to steady the rapid devaluation of the Yuan. Then only 3 days later on 7th January it happened again with a 7% loss.
Stock markets around the world reacted with similar drops including a 2.3% drop on Wall Street and the Australian stock market lost $33 billion.
ADELAIDE SOUTH PROPERTY IS HERE
From the 1st November this company has been trading in the name of ADELAIDE SOUTH PROPERTY. The Lin Andrews Real Estate Morphett Vale franchise ended as we could no longer see any advantage for this company or its clients to continue in that association. We have therefore decided to go in a new direction which is of greater benefit to our landlords, tenants and vendors. Nevertheless the parent company of Danster Pty Ltd with ABN 80 113 334 797 is unchanged whilst the superficial trading veneer has undergone a makeover.
In our last Newsletter we said this is the next phase in our evolution however we emphasised the same staff members are still here and the way we do business remains the same but now we are sporting a renewed agenda.
The ultimate goal of real estate companies may vary in the detail but most see the measure of their success in the number of sales they have listed and the number of properties they have under management. Continue reading
by Mark Nielsen
There have been market drops across the world such as the big corrections in China and hiccups in the US. This shows, more than ever, that everyone needs to make their own enquiries about the stability of their investments and financial future.
What makes investigating your own financial future so difficult is that there are as many diverging opinions as there are financial planners, accountants and investment gurus. The problem is, who do you trust? Some may side with David Koch or Paul Clitheroe because as media personalities they have a reputation and are trusted. I doubt anyone thinks they would lie to us but how do we know they have a complete grasp of the world economic climate; surely it’s too big a subject for anyone.
At some point each of us has to take responsibility for making decisions for our financial well being.
Real estate agents are certainly one group in society that claim something like a ‘pseudo’ insight into the state of the economy and a crystal ball like ability to interpret where the real estate market is heading that apparently exceeds that of mere mortals. There is a real danger in taking the word of any one ‘expert’. Continue reading
Apartment VS House – Which is a better investment?
By Cheryl Lee
A typical question I hear whenever I attend property seminars or when I met up with ready buyers from Asian countries is, “Which is better, apartments or houses?” They are wrestling with the niggling question of which type of property will deliver a bigger return in the long term.
I came from a country where eighty percent of the population buy apartments to live in or for investment therefore I can completely understand the struggle they are having between buying the type of relatively maintenance free apartment they are familiar with or the bricks and mortar house on a plot of land like they see in Australia.
The rule of property ownership is that the value of real estate is in the land because this is what appreciates. However it is not exactly the norm if you come from a densely populated city where most people strive to live within 5-10 km of the CBD where land is very scarce. Continue reading
Should you market a home to sell when empty or furnished?
Without thinking too hard most people would quickly answer, FURNISHED, but rarely are things that simple especially when it comes to the crunch of having to make this decision in real life with real dollars at stake.
After you have spent all your money and done all the hard work of renovating and after you have made all the even harder decisions of what NOT TO DO so as to keep your renovation viable often the last thing anyone then wants is to toss away even more money on getting furniture to just sit around and look pretty.
Let’s face it, many real estate agents advertise empty properties and they definitely sell so why doll up a house with expensive furnishings? Continue reading