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PUBLISHER Century 21 Australia Pty Ltd
CONTRIBUTORS Chris Gray Tim Lawless Connectnow Home Beautiful REI Super Terri Scheer Realestate.com.au
EDITORIAL ENQUIRIES Century 21 Australia (02) 8295 0600
ADVERTISING ENQUIRIES
WELCOME TO THE
OCTOBER 2021 ISSUE OF
C21 MARKET PULSE
Century 21 Australia (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 O C T O B E R
FREEDOM DAY PROPERTY
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SMALL KITCHEN TIPS
What will happen to property after freedom day?
11 small kitchen design ideas and how to make them
Your Empire CEO, Chris Gray
work for you
08
Home Beautiful
PROPERTY MARKET UPDATE
05
2022 INTERIOR TRENDS
Aus housing values rising at fastest annual pace
4 key interior trends to know about in 2022
since June 1989
Home Beautiful
11
CoreLogic Head of Research, Tim Lawless
MOVING THE ECO WAY
06
PROPERTY MAINTENANCE
How to be more eco-friendly when you move
Presenting a well-maintained property
ConnectNow
Terri Scheer Insurance Distribution Channel Manager, Sarah Barton
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FREEDOM DAY PROPERTY
WHAT WILL HAPPEN TO PROPERTY AFTER FREEDOM DAY?
B Y C H R I S G R A Y, C E O, YO U R E M P I R E
Freedom Day in NSW is was on 11th October, VIC has been named as having the longest lockdown globally and Qld has been the most relaxed states of the three. So, what’s likely to happen to the property market over the next few months as we start emerging? Whilst there are a number of
that it’s a great time to sell whilst
either they can only 2-3 people in in
factors that influence our property
no one else is, there’s still buyers
a 30-minute open or they need to
values, two of the greatest are that
in the market and auctions can still
open for a few hours at a time.
of supply and demand. Property
happen virtually which might even
values in Australia have risen
pull in a few extra interested parties
significantly in the last 12 months
that are overseas or interstate and
as there haven’t been many
wouldn’t get to a physical auction.
properties on the market and there’s
The restriction on getting potential buyers in has meant that many agents have just opened for Buyers Agents as they know that they
As we emerge from lockdown,
represent motivated buyers, who
there’s a very good chance that
are pre-approved for finance and
more vendors will be keen to
have committed financially to hiring
list their properties, increasing
a professional to represent them.
the supply. Not only will they be
This has been frustrating for Joe
Many vendors haven’t listed their
thinking that more buyers will be
Public and I think it’s this group of
properties in recent months as
back out, but Spring/Summer is the
buyers that will lead the charge over
they’ve been in lockdown and
time of year that listings increase
the next few months alongside the
they’ve either thought they don't
anyway, as there’s nothing better
professional buyers.
want potentially infectious people
than showing your property off on a
coming into their home, their
bright and warm sunny day.
been plenty of pent-up demand stemming from the credit crunch and Royal Banking Commission in 2018 and 2019.
tenants have thought the same if
It’s also been announced that our international borders are starting
However, that increased supply
to open, even before some of our
will possibly be balanced by an
interstate borders, which doesn't
increased demand from buyers that
make a lot of sense. However, what
haven’t been able to get to open
this means for our property markets
homes and have been frustrated
is that there could be even more
for months. Agents have still been
demand from expats who can finally
Some properties have been listed
able to conduct open homes but
return and from wealthy overseas
though, as the sellers have thought
only one at a time which means that
immigrants that see Australia as a
it’s been an investment property or they’ve thought, what’s the point in listing my property if the majority of the buyers can’t come and see it and I can’t have a live auction.
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safe haven. I’ve always said that there’s more than one property market and ultimately no one knows what the future holds, but I firmly believe that the fundamentals are still there. APRA have just announced that banks will increase their serviceability rates which will decrease many buyers budgets and there’s always talk of interest rates rising. However, we do have a shortage of properties in many areas in Australia, there are plenty of people with money in their pocket, banks are still lending and
ABOUT THE CONTRIBUTOR
there’s confidence that the market will be more expensive in 5 or 10
Chris Gray is CEO of Your Empire, a buyers’
years.
agency that buys homes and investments
Whilst the market is still rising,
negotiating, renovating and managing
for time-poor professionals – searching,
today’s prices will look cheap in
property on their behalf. Chris has spent over
years to come.
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
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Facebook: @ChrisGraySydney CENTURY 21
selling?
Thinking of LET OUR FAMILY HELP YOUR FAMILY.
C21.com.au
P R O P E R T Y M A R K E T U P DAT E
AUSTRALIAN HOUSING VALUES RISING AT THE FASTEST ANNUAL GROWTH SINCE JUNE 1989
BY T I M L AW L E S S , H E A D O F R E S E A R C H , CO R E LO G I C
CoreLogic’s national home value index rose another 1.5% in September, taking Australian housing values 17.6% higher over the first nine months of the year and 20.3% higher over the past 12 months. The annual growth rate is now tracking at the fastest pace since the year ending June 1989.
past its peak rate of growth in
buyers can be seen in the lending
March when nationally dwelling
data, where the number of owner
values increased by 2.8%. Since that
occupier first home buyer loans has
time, the monthly rate of growth has
fallen by -20.5% between January
eased back to 1.5%.
and July. Over the same period, the
CoreLogic’s research director, Tim Lawless, believes the slowing growth conditions are the result of higher barriers to entry for nonhome owners along with fewer government incentives to enter the market. “With housing values rising
The monthly change in housing
substantially faster than household
values remains positive across
incomes, raising a deposit has
every capital city and broad rest
become more challenging for most
of state region, with Hobart (2.3%)
cohorts of the market, especially
and Canberra (2.0%) recording the
first home buyers. Sydney is a prime
largest growth, while Darwin (0.1%)
example where the median house
and the recently revised Perth index
value is now just over $1.3 million.
(0.3%) recorded the softest growth
In order to raise a 20% deposit, the
conditions across the capitals.
typical Sydney house buyer would
Across regional Australia, regional NSW (2.0%), regional Tasmania (1.7%) and Regional Queensland (1.7%) led September’s capital gains. Although growth conditions remain positive, it is becoming increasingly clear the housing market moved
need around $262,300. Existing home owners looking to upgrade, downsize or move home may be less impacted as they have had the benefit of equity that has accrued as housing values surged. “The slowdown in first home
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number of first home buyers taking out an investment housing loan has increased, albeit from a low base, by 45%, suggesting more first home buyers are choosing to ‘rent vest’ as a way of getting their foot in the door,” Mr Lawless continued. Despite worsening affordability, house values are still generally rising faster than unit values; a trend that has been evident throughout most of the COVID period to-date, especially across the capital cities. Hobart and Darwin are the only capital cities where this trend has not occurred, with unit values rising 5.4 percentage points and 4.8 percentage points more than house values respectively over the past 12 months.
Click here to read the full article
M OV I N G T H E E C O WAY
HOW TO BE MORE ECO-FRIENDLY WHEN YOU MOVE Most of us make every reasonable effort to reduce our carbon footprint — and that includes when moving house. Luckily, there’s plenty of steps you can take to make your move more eco-friendly.
BY CONNECTNOW,
3. DECLUTTER The less stuff you have when
4. CHOOSE A SUSTAINABILITY FOCUSED REMOVALIST SERVICE
you move, the less energy you’ll
If you are hiring a moving
consume. You’ll get the job done
service, check their if they have
in less trips, saving fuel, plus you
a sustainability policy which may
won’t need as many boxes and
include offering recycled boxes,
bags so unpacking will be so much
offsetting carbon emissions, using
quicker! You can donate usable
electric or biodiesel vehicles, or
clothes, shoes, linen, kitchen items,
using eco-friendly packing tape.
electronics, and other household
1. RECYCLE BOXES Save money by sourcing used boxes for your move. Most supermarkets and some retail stores have a collection of used cardboard boxes
items to help sustainable charities raise much-needed funds.
4. USE GREEN CLEANING & PACKING PRODUCTS
4. ORGANISE THE DISCONNECTION OF YOUR UTILITIES Avoid wasting power by organising the disconnection of your utilities for the day after you move.
they’re willing to give away. Once
Choosing environmentally friendly
Connectnow can assist with your
you’ve used them, offer them to
cleaning products can make a huge
disconnections when helping to
any friends or family that might be
difference to your environmental
connect your essential services for
moving too or put them into paper
impact. Using products like vinegar
your new home – all sorted in one
recycling. Recycling or reusing
and bicarb soda rather than bleach
phone call.
boxes saves plenty of paper going
and other chemicals will protect
to landfill.
our waterways from damaging pollutants. Use biodegradable
2. USE PAPER RATHER THAN BUBBLE WRAP Paper is just as effective as bubble wrap to protect your valuable items in transit. Butchers paper or old newspapers are easily available and can be reused. Paper is much better for the planet and easier to recycle
packing tape with renewable
For further information, visit connectnow.com.au or call 1300 554 323.
adhesive which is better or the environment than traditional plastic and glue options. Several different environmentally friendly products are available, and worth the few
ABOUT THE CONTRIBUTOR Connectnow is a free* utility connections service that helps make moving easier for Australians by sorting their electricity,
extra dollars for the sustainability
gas, internet, pay TV, and home phone
benefits.
connections all in one simple call. With over 19 years’ experience, connectnow
than plastic bubble wrap.
works with a range of trusted service providers to deliver a quality home moving service. www.connectnow.com.au
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*While their services are free to their clients, standard service provider connection fees and charges may still apply.
Electricity
Gas
Internet
Pay TV
Home Phone
And more...
Your essential home moving needs sorted quickly and easily in one phone call with our free utility connections service*. With over 19 years’ experience, we work with a range of trusted service providers to help make your move easier. Visit connectnow.com.au or call 1300 554 323 to get things sorted today.
*While our services are free to you, standard service provider connection fees and charges may still apply.
SMALL KITCHEN TIPS
11 SMALL KITCHEN DESIGN IDEAS AND HOW TO MAKE THEM WORK FOR YOU Getting the most out of the busiest room in the house is easier than you think.
BY HOME BEAUTIFUL
kitchens. Cabinets so stylish it's easy to forget they're designed for storage, appliances that disappear before your eyes, and touchable textures that make you think you're
Cooking and cleaning in a tiny room
in the living or dining room.
can sometimes feel like a exercise in
More and more, designers are giving
futility. But don't be disheartened–
us the ability to hide or camouflage
there are plenty of easy ways to
parts of the kitchen at our own
transform your small kitchen into a
choosing. There's a big push towards
stylish and efficient space. There
creating concealed work areas,
are particular kitchen designs
boasting sliding doors that close and
that work better for small spaces
hide the entire kitchen structure.
and many methods for making your small apartment kitchen feel enormous.
3. FREESTANDING MODULAR Flexibility in the kitchen once meant
5. ONE WALL One-wall designs are particularly popular in smaller apartments and homes. As the name suggests, all of the appliances and cabinetry run along one wall, giving the kitchen a greater sense of openness. However, careful planning is required to ensure that adequate room is available for food prep, as the sink, cooktop and refrigerator can take up most of the space. One solution is to use the dining table for extra workspace or include a wheeled butcher's block.
Here are some of the best small
a butcher's block on wheels. But
6. CUT CLUTTER
kitchen layouts and tips for
with renters on the rise and homes
designing your space effectively.
getting smaller, there's an increasing
Minimalism may be the word on
1. MINIMALIST When it comes to small kitchen ideas, keeping it simple is your best bet. Embracing minimalism in your kitchen design can help establish a feeling of order and create the
demand for modern, multifunctional, flexible kitchens. Opting for a custom creation will give you the ideal kitchen design for your small space.
colours, clean lines, similar textures
designed for compact cooking zones
and tones, and simple accessories.
on boats, so it's ideal for smaller homes. It's made up of two parallel countertops with a walkway in between.
in small kitchen design is concealed
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to not only a stylish home but a sustainable one. Buying only what you need is the best way reduce and money.
4. GALLEY The galley kitchen was originally
One of the biggest emerging trends
behind living with less is the key
your footprint and save time, stress
illusion of space. Opt for light
2. CONCEALED
everyone's lips but the concept
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Cull unwanted items and from your draws, cupboards and pantry and make a rule that moving forward items only come in to your kitchen to replace something that breaks or runs out.
7. SAVVY STORAGE
9. A COHESIVE COLOUR PALETTE
Use your space wisely. Built in
Choosing all one colour to create
storage makes the best use of
the illusion of space doesn't have to
available space and wherever
mean white everything. Borrow from
possible, try to make spaces do more
surrounding spaces by continuing
than one job:
kitchen colours to finishes in
• Fix racks to the inside of cupboard doors to hold spice racks or pots lids • Fit shelves into corners and take them right up to the ceiling for seldom-used items • Use your island bench as a breakfast bar and store mugs or cutlery in draws beneath
8. UTILISE UTENSILS Make your kitchen stylish and functional by investing in cookware, utensils and appliances that are nice enough to leave on display. Mount knives together in a block or on a magnetic wall strip. Seek out a matching set of mixing bowls in commercial stainless steel
adjacent zones, extending them to create a combined footprint.
10. KEEP IT LIGHT Adding a skylight or window splashback can give your small kitchen a bright, airy feel and create the illusion of a larger space.
11. CREATIVE SHELVING Not everyone with a small kitchen is blessed with built in storage. If you fall in that camp, it's important to ensure you have ample and effective shelf space. Floating shelves make for a modern and minimalist storage idea, while utilising wall space with creative cabinetry can help.
or colourful ceramic that stack inside one another neatly and look attractive when stacked on open shelves. Take inspiration from
Click here to read the full article
professional food preparation space and have everything close at hand.
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2022 INTERIOR TRENDS
4 KEY INTERIOR TRENDS TO KNOW ABOUT IN 2022 It's that time of year again, and we're thrilled to present Home Beautiful's annual trend, design and style special in association with Luxaflex, where we unveil the quintessential looks you'll be coveting next year, and well into the future! Our Trend Team, led by style director Fiona Gould, have uncovered four evocative trends
BY HOME BEAUTIFUL
away from the modern white-on-
feeling of settling into a plush sofa,
white bohemian look to a much more
glass in hand, as the afternoon draws
eclectic, playful-meets-elegant
in. After a day in the white-bright
and sophisticated style," says Fiona.
beauty of surf and sun, there's
Hallmarks include mismatched
nothing more restful than watching
vintage furniture, stripes, Murano
the afternoon light, Midas-like, turn
glass, tumbled tiles and brass and
everything it touches to gold. This is
wrought iron – yet still with a nod to
Golden Hour.
that beloved blue-and-white colour palette. "We can't travel to Europe, so we're bringing a slice of it to us in a new, very creative and quirky way for our homes," she adds.
2. FRENCH VINTAGE
1970s nod," says Fiona. "It's a holiday at home, and it celebrates goldengrounded and earthy qualities. Now
Taking cues from the romance
story and character. From the gentle
and whimsy of early French
embrace of 'Country Sunset' to
Provincial style, this trend tells a
the whimsical romance of 'French
story of delicate femininity and
Vintage', there's a look that will
classic elegance. "More than ever,
speak to your heart and inspire you
Australians are turning away from
to reimagine your spaces.
fast furniture and embracing vintage
2022 interior trends and prepare to
embracing the coastal lifestyle with a
brown as a colour on the rise, for its
to keep and eye on, each rich with
Settle in with our tantalising taste of
"It's all about coming home, and
pieces rich with meaning and history," says Fiona.
that we spend more time at home, we're moving away from white-onwhite in favour of a space that feels warm and comforting."
4. COUNTRY SUNSET Inspired by the gentle hues of a summertime sunset in the bush, this trend "is about bringing a slice of the Australian countryside home with
reinvent your signature style.
"We want our homes to have unique
you, even when you're a city dweller",
1. THE NEW MEDITERRANEAN
character, and French interiors –
explains Fiona.
Mediterranean styling has long been
a look we aspire to, even though,
a pillar of Australian interiors, but change is in the air. "This is a fresh new take on classic Mediterranean style – it's also the new coastal look," says Fiona. Combining European influences seen throughout France, Spain, Italy and Greece, The New Med represents the evolution of a design mainstay. "The Mediterranean look is moving
especially Parisian style – embody as Australians, we're not often working with classic architecture in our homes. So we bring this feeling through with layers of vintage decorative pieces. It's about making old new again."
Welcome dusky tones of rose into your home through furniture, cushions, rugs and curtains. Ultimately, embracing Country Sunset is an exercise in soothing the soul. "It's soft, pretty, warm and inviting – a comforting hug of a colour that we can all do with in
3. GOLDEN HOUR
these times," says Fiona.
Cast your mind back to a favourite seaside holiday, and the delicious
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Click here to read the full article
PROPERTY MAINTENANCE
PRESENTING A WELL MAINTAINED PROPERTY Let’s face it, we’re spending a lot more time at home these days with continuing Covid-19 lockdowns and restrictions. As a result, there tends to be more wear and tear on a property including scuffs on walls and spills on carpet. This makes the routine maintenance of a property even more important and is one-way landlords can save money by identifying any issues before they escalate. Looking after and presenting a wellmaintained property forms a key part of a landlord’s role in managing their investment portfolio as well as helping create a positive rental experience for tenants.
REGULAR PROPERTY INSPECTIONS Property inspections helps landlords to ensure their investment is being looked after and allows for any maintenance or safety issues to be identified early.
BY SARAH BARTON,
INSURANCE DISTRIBUTION CHANNEL MANAGER, TERRI SCHEER
Landlords need to ensure that the
affect a tenant’s enjoyment of the
tenant is maintaining the general
property, such as malfunctioning
upkeep and cleanliness of a
air conditioners, blocked drains or
property.
rainwater damage is vital.
They also need to monitor for issues
It pays to have a system in place to
outside of the tenant’s responsibility,
address these issues and a team
many of which are age and weather-
of professionals including reliable
related.
tradespeople on stand-by.
This could include identifying leaking taps or consumables to be replaced such as light globes or
While landlords can take a number
water filters.
of measures to help prevent
When was the last time you did a property inspection? Mark it in your
potential damage at a property, sometimes the unforeseen occurs.
calendars as a must-do six monthly
Taking out landlord insurance is
event.
one way to protect against these potential risks. That way, landlords
RESPOND TO MAINTENANCE REQUESTS PROMPTLY
won’t be left out of pocket if their
Tenants may raise concerns or
In the event of a claim - if a property
request maintenance to the property
isn’t well maintained, it may not
at any time. It is up to the landlord
be covered. Always read the PDS
to address these issues in a timely
in your policy to ensure you are
manner.
adequately insured.
property is damaged.
How quickly a landlord attends to maintenance issues can be an indication of how they view and value the relationship. Landlords who act promptly and keep their tenants
Scheduling these inspections every
informed of progress show that they
six months also gives landlords an
care, and that caring approach can
opportunity to build rapport with
be reciprocated by tenants.
their tenants.
LANDLORD INSURANCE
Responding quickly to issues that
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For further information, visit www.terrischeer.com.au or call 1800 804 016.
ABOUT THE CONTRIBUTOR Terri Scheer Insurance Pty Ltd ABN 76 070 874 798 (Terri Scheer) provides insurance cover for landlords, helping to protect them against the risks associated with owning a rental property. These include malicious damage by tenants, accidental damage, landlord’s legal liability and loss of rental income. Terri Scheer acts on behalf of AAI Limited ABN 48 005 297 807 AFSL 230859 trading as ‘Vero Insurance’, the insurer which issues the insurance cover. Terri Scheer has not taken into account the reader’s objectives, financial situation or needs. If you are interested in any of Terri Scheer’s insurance products, the relevant Product Disclosure Statement should be considered first. It can be viewed online at www.terrischeer.com.au or obtained by calling 1800 804 016. Based in Adelaide, Terri Scheer services all states, territories and capital cities.
DISCLAIMER The information contained in this article is intended to be of a general nature only. Terri Scheer does not accept any legal responsibility for any loss incurred as a result of reliance upon it. Insurance issued by Vero Insurance. Read the Product Disclosure Statement before buying this insurance and consider whether it is right for you. Contact Terri Scheer on 1800 804 016 or visit our website at www.terrischeer.com.au for a copy.
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