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October Winner
Real Estate News DEVELOPMENTS IN THE CBD Newcastle CBD Height Restrictions There has been a lot of discussion over the height restrictions of future developments in the Mall area of the Newcastle CBD. A recent decision by the Department of Planning made a final ruling that any developments around the Christ Church Cathedral will not be higher than the 72.2 metre level of the cathedral. This will maintain an unobstructed view from the cathedral.
The Gateway Development Some changes are due on the corner of Parry Street and Stewart Avenue just near our office in town. Land clearing has commenced for the construction of a 4 storey retail/commercial space named The Gateway. You may drive past this corner regularly so it will be interesting to see how this site develops over the next year.
NeW Space revitalising the CBD Work on the $95 million NeW Space education precinct on the corner of Auckland and Hunter Street is well underway. This development by Newcastle University is going to consist of a 10 level vertical campus. Construction of the building is due to commence in early 2015 and the first students will commence using the site in 2017.
This iconic building is going to recharge the Newcastle CBD attracting more visitors and activity. I believe that this will have a positive effect on the local property market, however on the flip side it will also bring in more traffic and congestion as the development lacks enough parking spaces. I look forward to seeing this bold design grow over the coming years.
Real Estate News
What real estate agents are really paid for Negotiating takes tact and skill. At the same time, an agents wants to be sure that each party is seeing things honestly. It's important to remember that both buyer and the seller are discussing the most important asset they will probably ever have. A good agent considers what they think the worst-case scenario might be and prepare both themselves and their client for that outcome. Then they think about what the best-case scenario might be so that they can set it up as a goal to achieve. This helps the client understand what the outcomes might be and remove some of the pressure they feel. A good agent will have done their research ahead of time so they have all of the information about taxes, legal filings, and any other records that may need to be addressed. A really important piece of information is knowing when the seller needs to sell and when the buyer wants to make a move. The timing is important because without it more problems can be created than solved. Having all of the information together (ie, being organised) keeps surprises down to a minimum, which also helps keep frustrations down. That confidence in being prepared goes a long way towards a stronger negotiating stance. Staying objective is also an important part of being a good agent. Stating opinions about the other party or the likelihood he or she will commit to the offer can create issues. A good agent will act with integrity in all dealings. Honesty speaks volumes and leads to both parties trusting what the good agent says. That clears a huge hurdle that can come up during negotiations, especially after an inspection. Integrity also means responding to inquiries quickly. “Common� courtesy, too is the hallmark of a good agent. A rude agent might be able to bully his or her way into a deal, but no one will really like it. It takes practice to become a master of the skill, but an agent that cares about his or her clients will be able to walk away leaving everyone happy about the deal.
Dotcom Finance Many People grow their retirement funds through investing in property are there are many ways to do this. Some are:
Purchase an established property Off the Plan Land and Construction
For some people this can all seem a bit scary but remember that you can build a good team around you that will support you along the way. The people in your team would be your real estate agent, your mortgage expert/ broker, solicitor and accountant. How do you get started? If you have an existing property the first thing you need to do is to establish what the market value of your property is. How do you do that? Easy, call Dotcom Property Sales to come out and give you a free market appraisal. Your next step: Contact your Mortgage expert/Broker, if you don’t have a Mortgage Expert/ Broker get one, WHY… Because, they can give you more choices. Once it has been established that you have some equity in your home and what I mean by that is, say your home is worth $350,000 and you currently owe $240,000 that give you potentially $110,000 in equity or lazy cash as I like to call it. Now it is time to get your money working for you. Interested but still unsure, that is fine, give me a call and ask me the questions that you need the answers to. Remember, if you want to make a positive change to your financial situation, whether it’s purchasing your first property, an investment property or even just to tidy up your existing finances I am only a phone call away.
Nothing changes unless you choose to change it.
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Thinking of Buying, Selling or Renting? Call now for your ‘Free market appraisal’ contact your local Dotcom agent
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