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P U L S E
N O V E M B E R
M A R K E T
C21
PUBLISHER Century 21 Australia Pty Ltd
CONTRIBUTORS Chris Gray Tim Lawless Connectnow Home Beautiful REI Super Realestate.com.au
EDITORIAL ENQUIRIES Century 21 Australia (02) 8295 0600
ADVERTISING ENQUIRIES Century 21 Australia
WELCOME TO THE
NOVEMBER 2021 ISSUE OF
C21 MARKET PULSE
(02) 8295 0600
DISCLAIMER We have in preparing this information used our best endeavours to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective buyers and sellers should make their own enquiries to verify the information contained herein. All information contained in the CENTURY 21 Australia Pty Ltd website is provided as a convenience to clients. All links to property prices displayed on the website are current at the time of issue, but may change at any time and are subject to availability. For more information on our Privacy Policy please refer to: www.century21.com.au/privacy
C O N T E N T S N O V E M B E R
REAL ESTATE HOLIDAY
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GOLDEN HOUR MAGIC
Only two weeks left for 2021
How to harness golden hour in your home decor
Your Empire CEO, Chris Gray
Home Beautiful
PROPERTY MARKET UPDATE
05
INSURANCE SUPER
Housing values 1.5% higher in October as growth
Insurance within super: Important things to know
trends ease and downside risk builds
REI Super
08
11
CoreLogic Head of Research, Tim Lawless
TEXTURE 07
STREET APPEAL
It's all about texture
5 things everyone gets wrong about street appeal
Mobilia Group
Home Beautiful
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R E A L E STAT E H O L I DAY
ONLY TWO WEEKS LEFT FOR 2021
B Y C H R I S G R A Y, C E O, YO U R E M P I R E
There might be just over six weeks till the end of the year, but there’s only about one or two weeks left for new listings to come on the market. No matter whether you’re a buyer or a seller you’ll need to get your skates on if you want something to happen this year. A typical marketing campaign for a
listing, they’re on a plane, headed
Buyers are out of lockdown, are
property is around four weeks and
for overseas and you may not see
keen to see what properties are
there’s no guarantee it will sell in
them again till after Australia Day.
available, which could be an even
that time and so most agents will
Not a lot happens in January and
higher demand than we’re seeing
probably suggest having six weeks
so it’s their one chance to have six
already.
up your sleeve and in six weeks’
weeks off.
time it’s Christmas.
Many agents may not have hit their
Much of the country has been in
target revenue for 2021 and won’t
This means that any vendor who
shut down and Melbourne has been
want to go on holiday if there’s
wants to sell a property this year will
named the most locked down city in
deals to be done. They certainly
have already listed their property
the world. Buyers haven’t been able
won’t want their competition to be
on the market and so virtually no
to go to open homes and vendors
selling what could be theirs.
more will be listed – that’s correct
have been cautious about putting
– no more property will really be
their properties on the market if no
coming on the market this year. If
buyers can come through. How can
you’re lucky, you might get a few
you sell something that no one can
more listed in the next two weeks
see?
if they’re willing to take the risk of running close to the wire. Despite what many people might think, most agents work very hard during the year, often doing open homes from Monday to Saturday and whilst Sunday should be a day off, they still take calls and reply to emails. They’re desperate for a holiday by mid-December and as soon as they can sell their last
Our international borders might be open, but not everyone is confident that rules won’t change, and they can definitely come back. There’s also still a chance that they might
So, this year could be different: This lack of supply of properties
have to quarantine for two weeks on their return.
and cashed up buyers who can’t
Many people may opt for an
spend their money anywhere else,
interstate holiday or even intra
have pushed prices up – over 20%
state given our local borders aren’t
in some areas.
all open. Six weeks in Europe is
Those higher prices may incentivise many vendors to put their properties on the market to achieve a similar price.
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one thing, but that period of time in a regional town might not be everyone’s cup of tea or even available and so there’s a good
chance many will opt for just a few weeks away. So, whilst there is only a week or so left for most properties to be listed, no one really knows what’s going to happen. Even if everyone does disappear of for December and January there’s always the odd vendor or agent that wants to get a deal done and so it could be worth keeping an eye open to grab a deal that everyone else has missed out on.
ABOUT THE CONTRIBUTOR Chris Gray is CEO of Your Empire, a buyers’ agency that buys homes and investments for time-poor professionals – searching, negotiating, renovating and managing property on their behalf. Chris has spent over 10 years as the host of ‘Your Property Empire’ on Sky News Business channel, where he’s interviewed various heads of property research companies and major industry figures. Chris is a qualified accountant, buyers’ agent and mortgage broker. For more information, visit www.yourempire.com.au and follow Chris on
C21 MARKET PULSE
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Facebook: @ChrisGraySydney CENTURY 21
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P R O P E R T Y M A R K E T U P DAT E
HOUSING VALUES 1.5% HIGHER IN OCTOBER AS GROWTH TRENDS EASE AND DOWNSIDE RISK BUILDS Australian housing values rose 1.5% in October, a similar result to August and September.
Although the monthly pace of
they reached a monthly growth rate
growth is easing, the annual trend
of 3.7% and 2.4% respectively.
has continued to rise, which is
Across the regional markets, New
However, taking the monthly
(1.9%) led the pace of capital gains
change out another decimal point
while Western Australia was the
shows the market is continuing
only broad rest-of-state region to
to slowly lose momentum since
record a marginal fall in housing
moving through a peak monthly
values (-0.1%).
Nationally, the monthly growth rate eased to 1.49% in October from 1.51% in the previous month.
H E A D O F R E S E A R C H , CO R E LO G I C
the highs seen in March 2021, when
South Wales (2.1%) and Queensland
rate of growth in March (2.8%).
BY T I M L AW L E S S ,
According to CoreLogic’s research director, Tim Lawless, slowing growth conditions are a factor of worsening housing affordability,
Although nationally the headline
rising supply levels, and less
growth reading remains virtually
stimulus. “Housing prices continue
unchanged over the month, across
to outpace wages by a ratio of about
the broad regions of Australia
12:1. This is one of the reasons why
market conditions are starting to
first home buyers are becoming a
show some diversity. Perth recorded
progressively smaller component of
its first negative monthly result
housing demand. New listings have
since June last year, with values
surged by 47% since the recent low
nudging -0.1% lower. At the other
in September and housing focused
end of the spectrum, Brisbane has
stimulus such as HomeBuilder and
taken over as the fastest growing
stamp duty concessions have now
market with housing values up 2.5%
expired. Combining these factors
in October. This was followed by
with the subtle tightening of credit
Adelaide and Hobart, with both
assessments set for November 1,
dwelling markets increasing 2.0%
and it’s highly likely the housing
in value over the month. In Sydney
market will continue to gradually
and Melbourne, the monthly rate of
lose momentum.”
growth has more than halved since
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a factor of the stronger growth conditions throughout early 2021. Nationally home values are up 21.6% over the year to October, with half the capitals recording an annual growth rate in excess of 20%. Across the broad regions of Australia, regional Tasmania has led the nation for the pace of annual capital gains with dwelling values rising by 29.1%. Unit markets have generally continued to record a lower rate of growth relative to houses, with this trend most evident in the annual results. In the largest capitals, Sydney house values are up a stunning 30.4% compared to a 13.6% rise in unit values, while in Melbourne house values rose 19.5% over the year compared with a 9.2% gain in unit values. This trend is less evident across regional areas of Australia where the performance gap between houses and units is relatively small.
Click here to read the full article
MOBILIA GROUP
STYLING PACKAGES 40% OFF Includes 10 WEEKS + FREE VIDEO 1 Bedroom $1949 2 Bedroom $2250 3 Bedroom $2490 4 Bedroom $3050 All packages include- Bedrooms, 1 Living, 1 Dining, 1 Kitchen, 1 Outdoor, Rugs,Artwork and Accessories
Call Deema 0450 493 166
www.mobiliagroup.com.au mobiliagroup
TEXTURE
IT'S ALL ABOUT TEXTURE Texture is an essential part of interior design, with the ability to enhance your space. It refers to pieces that stand out and have a tactile surface.
BY MOBILIA GROUP space and will create a cosy and inviting feel.
4. LAYER MATERIALS Don't be afraid of using a variety of different materials. Combine multiple textural elements to bring
Adding texture to a room creates visual interest and makes a home feel cosy and personal.
the space to life. Choose your favourite element with the texture that you love and
Here, we provide you with 6 great
build upon that. For example, velvet
tips to breathe life into your space
upholstery has a beautiful smooth
with texture.
feel. Combining it with a natural fibre jute rug will make it unexpectedly
1. ADD ACCESSORIES Decor pieces with different textures add depth and create a sense of interest within the space. This can be achieved by using contrasting accessories such as vases, candles, and greenery.
2. RUGS ARE A MUST HAVE A rug will add tactility to the floor, it can make a room look more alive and soften up your space. They are great for spaces with hard
interesting and add contrast.
Mobilia Group was established in 2010, Mobilia offers clients a range of services,
5. ADD ARCHITECTURAL FEATURES
including Furniture Hire, Property Styling,
Keep in mind that texture does not
packages.
only refer to pieces that we place
With its fleet of trucks and their own
in a room. Architectural design
warehouse and furniture, the Mobilia Team
features will create an amount of
provides flexible and competitive packages,
texture that will only need small additions, to make the best out of your space. You can try this with timber panels that not only function as a room divider but also add a visual and tactile experience.
in both Premium & Royal Series ranges. The Property Styling Division, with a dedicated team of experienced and tailored to suit contemporary and character homes. Whether to sell or to live in, a Mobilia Stylist can create a stylish, inspired interior for your property. In 2018, Mobilia Group launched their Projects Division which provides a ‘one
5. BALANCE IS KEY
stop’ shop for Selling Agents and vendors
Every space needs a certain amount
Cushions and throws are functional
of texture to complete the look but
and an easy way to add contrast with
be careful to not overload the space.
colour, different textures, pattern,
It’s all about obtaining the perfect
and sizes.
balance. The goal is to achieve a
They instantly add character to your
feeling of harmony and unity.
C21 MARKET PULSE
long term Rental Packages as well as Turnkey
passionate Stylists, offers a range of styles
flooring such as tiles or timber.
3. ADD CUSHIONS AND THROWS
ABOUT THE CONTRIBUTOR
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CENTURY 21
including a range of services. From renovations, to builds, our experienced team can assist across a vast range of repair and maintenance services. For more information visit: mobiliagroup.com.au or call (02) 9553 1188 Images supplied by Mobilia Group.
GOLDEN HOUR MAGIC
HOW TO HARNESS GOLDEN HOUR IN YOUR HOME DECOR BY HOME BEAUTIFUL Channel the magic of a gently setting sun in spaces filled with earthy shades and nostalgic textures. Cast your mind back to a favourite seaside holiday, and the delicious feeling of settling into a plush sofa, glass in hand, as the afternoon draws in. After a day in the white bright beauty of surf and sun, there's nothing more restful than watching the afternoon light,
as timber, shell, linen, rattan
established room," says Kara. "I
and grasscloth. "Earthy tones of
deliberately used darker shades
texture make spaces feel solid and
of grasscloth in all the bedrooms
transform an ordinary room into
of our house, as I wanted to create
a primitive sanctuary which stirs
little dark havens and encourage a
our souls," says photographer Kara
slow and gentle way to rise on the
Rosenlund, whose inviting home
weekend mornings."
glows in these images. "Woven textures are also key to give a space soul and heart. Woven baskets and lampshades are the closest link we have to the natural world."
CAST A GENTLE GLOW "To achieve a homely warm golden glow each evening, only use warm white globes in lamps and light fittings," advises Kara, who always
NOD TO NOSTALGIA
uses dimmers. "I suppose, in a way,
Midas-like, turn everything it
An undercurrent of 1970s
I mimic the direction of the sun –
touches to gold. This is Golden
California-Cool permeates Golden
direct overhead light is too harsh,
Hour. "It's all about coming home,
Hour, reminding us to take refuge
much like the midday sun, so always
and embracing the coastal lifestyle
in the remembrance of sun-kissed,
go for lamps and wall lights which
with a 1970s nod," says HB forecast
simpler times, even as we look
are at the angle of a rising or setting
style director Fiona Gould. "It's a
to brighter days ahead. Choose
sun."
holiday at home, and it celebrates
cushions in burnished shades of
golden-brown as a colour on the
velvet, furniture or joinery with rattan
rise, for its grounded and earthy
panels and shell light pendants to
qualities. Now that we spend more
infuse your interiors with the light
time at home, we're moving away
hearted simplicity of a '70s summer.
from white-on-white in favour of a space that feels warm and comforting."
GO FOR GRASSCLOTH WALLPAPER
TREND TIP: “Natural fibres reward you through the senses. Beautiful moments of touch can happen daily by how your skin feels against linen sheets, which have been dried by the sun, or how
Your sleep zone is the perfect
the sunshine reflects the natural
place to usher in the gentle rhythm
textures of an upholstered bedhead
of Golden Hour – try grasscloth
or cushion," Kara Rosenlund,
Introduce the soothing warmth
wallpaper as a tactile feature
photographer & stylist
of Golden Hour into your home
wall behind your bed. "Textured
through tactile elements such
wallpaper gives the sense of an
HARNESS THE POWER OF TOUCH
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Click here to read the full article
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REI Superannuation Fund Pty Ltd ABN 68 056 044 770 RSE L0000314 AFSL 240569. REI Super ABN 76 641 658 449 and RSE R1000412 MySuper unique identifier 76641658449129 for the general information of members of REI Super. It does not take into account any member’s individual financial objectives, financial situation or needs. Members should obtain and read the Product Disclosure Statement for REI Super before making any decisions and consider talking to a financial adviser before making an investment decision. Past performance is no indication of future performance. September 2021. REIS 7351
Super was built to serve you and your industry. That means you get personal g, long-term performance and tailored insurance which allows for commissions.
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INSURANCE WITHIN SUPER: THINGS YOU NEED TO KNOW
BY REI SUPER
und Pty Ltd ABN 68 056 044 770 RSE L0000314 AFSL 240569. REI Super ABN 76 641 658 449 and RSE R1000412 MySuper unique identifier 76641658449129 for the ers of REI Super. It does not take into account any member’s individual financial objectives, financial situation or needs. Members should obtain and read the Product Disclosur making any decisions and consider talking to a financial adviser before investment decision. Past performance is no indication of future performance. July 2021. RE Mostmaking super an funds that offer IIS allow Remember, life insurance is for
Life insurance is one of the best ways to protect yourself and those you care about most.
their members to choose how much
those you leave behind so they don’t
of each type of cover they need.
experience financial hardship. When choosing your coverage, some
WHAT ARE THE BENEFITS OF IIS?
basics to consider are:
So it’s reassuring to know that
Depending on your circumstances,
• Mortgage debt;
most superannuation funds offer
IIS can be a great way to obtain
• Your past and current health
a built-in life insurance policy,
cover.
situation;
also known as insurance inside super (IIS) to their members. For many Australians, this is a simple and affordable way to manage life insurance.
IIS premiums are paid out of your superannuation account, which
• Time to grieve.
can be beneficial if your cash flow
For TPD insurance, you may
is limited and may offer some tax
consider:
advantages over retail policies.
However, it’s important to regularly
Premiums are paid from your
check the insurance cover inside
pre-tax income, so money isn’t
your super to make sure it meets
taken from your savings account
your needs.
for this purpose.
WHAT DOES INSURANCE INSIDE SUPER INCLUDE?
HOW MUCH COVER DO I NEED?
Although it’s still life insurance,
cover, it’s important to think carefully
whether you buy it in or out of super,
about how much cover you need
the insurance policy offered by your
and to review your policy when life
superannuation fund may include up
changes occur.
to three distinct types of cover:
• Cost of your children’s education;
• Your potential medical treatment costs; • Modifications to your home; • Basic living expenses for the rest of your life.
Whether you opt for IIS or retail
For example, young people who are
Contact us at REI Super to find out whether you are currently covered. Use our Insurance Needs Calculator to understand how much cover you need. Apply to make change to increased, reduce or cancel cover.
Click here to read the full article
• Life (or sometimes called ‘death’)
renting and have no dependants may
insurance, which pays a lump sum to
need less life insurance cover than
your beneficiaries if you die;
someone with a partner, children and
Future investment performance can vary from past performance, and
• Total and Permanent Disability
a mortgage.
performance. Past earning rates are not an indicator of future earning
(TPD) insurance, which is for serious
By contrast, younger people may
accidents or illness that permanently
need more TPD cover than older
stop you from working; and
people.
• Income Protection insurance,
Some super funds provide online
REI Super advises that REI Super has not considered any individual
which provides a regular payment
calculators to help their members
need to consider whether the advice is appropriate in light of their goals,
during prolonged illness.
figure out how much cover they
you should not base your decision to invest in REI Super simply on past rates. The investment returns of REI Super are not guaranteed, and the value of the investment may rise or fall. This article was brought to you by MetLife. The information contained in this article is of a general nature does not constitute financial product advice. However, to the extent that the information may be considered to be general financial product advice,
need. C21 MARKET PULSE
DISCLAIMER
person’s objectives, financial situation or particular needs. Individuals objectives and current situation. Members should obtain and read the Product Disclosure Statement for REI Super as well as the Insurance Guide and consider speaking to a licensed financial advisor before making any decisions. REI Superannuation Fund Pty Ltd ABN 68 056 044
11
770 AFSL 240569. RSE L 0000314 REI Super ABN 76 641 658 449 RSE
CENTURY 21
R1000412 MySuper unique identifier 76641658449129 October 2021.
STREET APPEAL
5 THINGS EVERYONE GETS WRONG ABOUT STREET APPEAL BY HOME BEAUTIFUL Presenting your home beautifully to create a good impression when viewed from the kerb side is more than an effective tool for selling your property. There are many things you can do to improve its appeal right now – for your own enjoyment. Many of us walk past a less-thanlovely front fence, verandah, even front door on a daily basis without a second thought for the way these elements contribute to the overall impression of your home. It's time to take stock and think about how to make the front of your house have a real presence from the street. We talked to licensed builder and home renovator Rachael Turner from Front Porch Properties for some ideas and advice on what essential ingredients make a difference and what most of us are
built structure at your front door that can be seen from the street directs visitors into your home. "Paint your front door a bright colour or mark the entrance with posts and stairs so that the entrance way is recognisable," she says.
to dress up the front of your house," says Rachel. Sold in packs from hardware stores, "They're a quick and easy way to perfect the front
House numbers are a must and a
impression from the kerb side."
decorative bell is a nice touch –
Regardless of the finish of your
choose your style and match it to the door hardware.
home – whether brick, render or painted timber, a crisp white picket fence provides a contrast and is an
2. NO VERANDAH
inexpensive and charming addition.
Adding a verandah or front porch or changing up your balustrading creates a beautiful entrance to your home and a lovely area to relax in. "Try to match the style of your home, whether it's colonial, Queenslander or classic Hamptons style," Rachael suggests. "Create a seating area at the entrance with weatherproof cushions to welcome visitors and relax and watch the world go by," says Rachael. "For added impact, add an arbour or pergola to the front of your garage,"
1. NO REAL ENTRANCE
a carpentry softens the look of your
says Rachael. A gabled portico or
"A picket fence is an affordable way
of your home and give a beautiful
getting wrong."
"Have a marked front entry area,"
3. NO FENCE
she says. "An element of handmade home and creates a weatherproof area to arrive beneath."
Rachael encourages homeowners to invest in a custom-made or decorative mailbox, including your house number to match the style of your house.
4. NEGLECTED PAINTWORK To dramatically and immediately changes the look of your home you can't go past a new paint job on the exterior. "Work to a palette of four main colours drawn from the colour of your roof, including [colours for] the main body of your house, your trim and front door," Rachael advises.
Click here to read the fifth point and the full article
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