PRDnationwide Penrith Publication - Issue Seven
BIG BACKYARD SALE FULL DETAILS P.3 In this issue of Property News: • Kingswood Apartments Great Value • Eight Properties Offered At One Auction • Penrith Agent A Standout At National Awards
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(02) 4732 3711
LETTER FROM THE PRINCIPAL Dear Readers, At its meeting on May 5, the Reserve Bank’s Board decided to lower the cash rate by 25 basis points to 2.0 per cent, effective 6 May 2015. That is the lowest Australian rate on record, a rate that is further encouraging buyers and keeping prices strong. The low interest rate environment is particularly encouraging investors, many of them mums and dads buying their first investment property. The west will continue to be a key market for these people and we are looking to further strong sales in the coming months. It really is the time to sell. It just won’t get any better.
Kind regards,
Darren Latty Managing Director 0414 620 532
379 High Street, PENRITH NSW 2750 phone:
(02) 4732 3711
fax:
(02) 4732 3283
email: web: Disclaimer
reception@prd.net.au www.prd.net.au
Notice: Neither Darren Latty, PRDnationwide Penrith, nor Newsletter House Pty Ltd, nor the publishers and editors of articles in this issue, accept any form of liability, be it contractual, tortious or otherwise, for the contents of this newsletter or for any consequences arising from its use or any reliance placed upon it. All the information contained in this publication has been provided to us by various parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate. ©Newsletter House Pty Ltd 2012 Ph: 02 4954 2100 www.newsletterhouse.com
Apartments within the new 2zero8 development in the heart of Kingswood are expected to be snapped up quickly by canny investors. The one, two and three bedroom apartments are being offered at a time when many are seeking to capitalise on the area’s astounding current and potential growth. The location is also in high demand as it falls within the catchment area of popular selective schools, including Penrith High School. The suburb of Kingswood, and Penrith LGA, are both experiencing high levels of growth and with the introduction of a regional airport, new motorway link and Sydney Science Park in the vicinity this is only set to continue. The Penrith Health & Education Precinct is predicted to provide 12,000 additional jobs by 2036 while the Western Sydney Airport will create 10,000 jobs in 2016 and 35,000 jobs by 2035. Little wonder a 46.9% population increase is forecast, from 184,723 in 2011 to 271,000 in 2031, bringing with it a 29% increase in number of dwellings forecast, from 65,444 in 2011 to 85,000 in 2031 The 2zero8 apartments are ideally located at the hub of this growth with all amenities on your doorstep, including: • 100m to Kingswood Railway Station • 500m to Nepean Hospital • 1km to University of Western Sydney • 1km to Penrith High School
Central Kingswood Apartments Great Value One bedroom apartments are priced from $347,500, two bedroom from $392,400 and three bedroom from $535,000. Completion is due mid to late 2016. First home buyers will qualify for the $15,000 grant while a stamp duty rebate of $5000 is available for investors. There are unique SOHO apartments available, offering combined commercial and residential property. Features include: •
Open plan living leading on to outdoor areas
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Secure basement parking
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Choice of two colour palettes
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Modern fittings and fixtures including split system air,
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Built-in wardrobes & stainless steel appliances
For more details phone Shelley Clark 02 4761 6205.
An Event Not To Be Missed
Eight properties carefully selected for their potential to benefit from the addition of a granny flat will be offered for auction at PRDnationwide Penrith’s unique Big Backyard Sale on May 31. The auction is being held by PRDnationwide in conjunction with Ian Cubitt’s Granny Flats and Studios and Cooley Auctions and will be at the Granny Flat and Studio display home at 152 Russell St, Emu Plains The properties selected for auction are at: 204 Banks Drive, St Clair; 15 Allsopp Drive, Cambridge Gardens; 19 Piper Close, Kingswood, 18 Willawa Avenue, Penrith, 2 Karuah Road, Penrith, 9 Lehmann Avenue, Glenmore Park, 3 Walton Place, Emu Plains and Lot 5/95 Glebe Place, Penrith. Ian Cubitt’s Classic Home Improvements has conducted a feasibility study on each of the properties being offered and a summary of these is available for potential buyers. The NSW Government’s relaxation of planning regulations means that council approval is not required for a two bedroom backyard granny flat. The paperwork can be through in as little as 10 days. The government’s Affordable Housing State Environment Planning Policy (SEPP) permits all residential home-owners with a property larger then 450m2 (which also has a minimum 12m street frontage) to build a Granny Flat on their property. Under this policy Granny Flats in NSW can be approved as a complying development in just 10 days subject to requirements. The minimum site requirements for a Granny Flat approval as a complying development on a block less than 900sqm include: • Property must be a minimum 450m2 • Maintain a 3m setback from the rear and 0.9m from side boundaries • Maintain a distance of 3.0m from any existing trees that are over 4m in height • Maximum 60m2 internal area
• Property must be zoned residential • Property must have a 12 metre width at the building line of the proposed detached granny flat.
Selling your property just became easier If you would like to sell your property without the stress then call our property people on (02) 4732 3711 and the rest is easy!
Darren Latty Managing Director 0414 620 532
Daniel Latty Sharon Richards Sophie Armond Zain Allam Residential Sales Sales Administrator Marketing Manager Project Marketing Manager (02) 4761 6204 0490 461 317 0410 329 298 0417 047 458
Nathan Todd Buyer Manager 0437 609 290
Matt O’Farrell Listing Agent 0430 716 040
Rebecca Perkins Shelley Clark Buyer Manager Projects Coordinator 0414 247 323 0432 821 337
Penrith Stands Out At National Awards
PRDnationwide Penrith returned from the recent Annual Awards ceremony with a whole host of prizes!
THE AWARD WINNING PENRITH TEAM
20 members of the team travelled to the event at The Ivy in Sydney for a night of great food, great company and even some dancing. The Garden of Eden inspired evening provided the perfect backdrop for the company to celebrate across its real estate services nationwide, and to honour its high performers. Competing against over 110 other offices, PRDnationwide Penrith were delighted to improve on their positions from last year in the Best Office and Best Performing Principal categories. They also picked up some new prizes including Darren Latty’s High Altitude Award – one of only 6 received – and the Creative Marketing Award collected by Sophie Armond. Sharon Richards received a beautiful watch as a thank you for 10 years of dedicated service, as well as being nominated for the Support Staff Member of The Year award. Directors Darren Latty and Rex Ellison collected our Gold Office award and Rex was nominated in the Property Manager of the Year Category.
Rex Ellison Director Property Management 0418 201 114
“The awards night is a great chance for all of our staff to get together, let their hair down and celebrate their success,” Darren Latty said. “We couldn’t achieve these results without the help of the whole team and it’s great to see their hard work recognised. “Everyone has returned to the offfice feeling motivated to achieve even more by next year’s awards!” The team’s outstanding achievements
Natalie De Chellis Business Development Manager 0420 371 107
Marnie Fawns Account Manager (02) 4761 6221
on the night were: • No 3 Principal – Darren Latty • High Altitude Award – Darren Latty • Platinum Sales Award – Daniel Latty • No 9. Salesperson Nationally – Daniel Latty • 10 Years Service – Sharon Richards • Creative Marketing Award – Sophie Armond • No 9 Best Office • Gold Office.
Stacey Haughton Property Manager 0432 548 838
If you would like help renting your investment property, call us on (02) 4732 3711 and see how easy it can be with expert advice!
Sarah Hosking Leasing Agent 0439 726 878