Property Go by Property Go

Vol 0101

Perthâ&#x20AC;&#x2122;s ultimate property resource

PROPERTY

FINANCE

Property

CONVEYANCING

R edefining the process of property settlement.

MAGAZINE

BUILDING

RENOVATING

8 2

S E G PA

T he Beast and the city!

C ould it be time to protect your income...

propertyGo.net

PROPERTY GO

Where to from here...

PROPERTY GO

PROPERTY GO WELCOME Infuse your life with action. Donâ&#x20AC;&#x2122;t wait for it to happen. Make it happen. Make your own future. Make your own hope. Make your own love. And whatever your beliefs, honor your creator, not by passively waiting for grace to come down from upon high, but by doing what you can to make grace happen... yourself, right now.

THE PURPOSE The purpose of Property Go is to bring a balanced perspective across a broad range of property related aspects that form part of the fantastic life we live in this incredible place we call our home. There are a multitude of small to medium businessâ&#x20AC;&#x2122;s that exist, that may not have come to our attention and can help and assist us to manage, create and improve our everyday lives, Property Go brings a slice of these into a single publication for your perusal.

FANTASTIC PROPERTIES Property Go is dedicated to providing and offering some outstanding Real Estate opportunities, the details and contact information is contained and displayed in the following pages.

ADVERTISING SPACE If you are a Real Estate agent or a property related business seeking exposure in Property Go Magazine enquires can be made to emagazine@propertygo.net

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Just

out

E- Conveyancing

set to revolutionise property Settlement

Capital city dwelling values rise 9% over past 12 months as capital gains take a breather in May. The CoreLogic RP Data Hedonic Home Value Index reveals the pace of home value growth stalled in May with dwelling values down 0.9% over the month. After an increase in dwelling values of 3.8 per cent over the first four months of the year, the May CoreLogic RP Data Home Value Index results out 1st June recorded a drop of 0.9 per cent for the month across the combined capitals index; the first month-onmonth fall since November last year. To read the full report go to http://www.corelogic. com.au/media-release/ capital-city-dwellingvalues-rise-9-over-past-12months-as-capital-gainstake-a-breather-in-may

HIGHS AND LOWS Settlement is one of the most exciting stages of the property transaction and it is also one of the most stressful. Itâ&#x20AC;&#x2122;s the day when your new property officially becomes yours, or your sale finally goes through and you get the proceeds. Itâ&#x20AC;&#x2122;s also a time when many delays can occur, holding up the process. However a change is coming, one that will make settlement easier, faster and more efficient.

STIRLING CONVEYANCING SERVICES WILL BE ONE OF THE FIRST CONVEYANCERS IN WESTERN AUSTRALIA TO PROVIDE THIS NEW SERVICE.

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settlements can be done in a day. Everything may be in order, but your settlement may also take longer because you can’t book the time or day that you want. “Then you need to collect bank cheques and personally deposit them, another step where delays can happen. Plus the documents also need to be checked and registered at Landgate and if problems are found at this stage further delays occur.

“E-CONVEYANCING WILL SOLVE ALL THESE PROBLEMS, DIRECTOR, TONY REEVES SAYS,

leading to a smoother, faster and less stressful transaction for everyone involved.”

it’s the biggest change the industry has seen for many years and something his team have been looking forward to for some time.

Mr Reeves says essentially everything can be done online, similar to the transfer of shares.

“SETTLEMENT PROCESS,

SUCH

IMPORTANT

but many people don’t realise exactly what’s involved and what can go wrong along the way. “For example, for settlement to take place you need a physical transfer of documents, the Seller’s Settlement Agent and Buyer’s Settlement Agent need to exchange documents. All settlements are done in the City, so people have to drive into Perth, park etc. Delays can occur if you leave a document behind or discover that there is a mistake on a document, or if you are still waiting for Buyer’s or Seller’s bank to finalise finance. You may have booked settlement weeks prior but need to cancel and start again. “To make things harder, you can only book settlements every 15 minutes between 10:30am and 3:30pm, with an hour break for lunch in the middle. So there is a limit to how many

“We will no longer have to post documents to clients to sign, documents can be checked online so that any errors come to light before settlement is due, we won’t have to book a settlement time and drive into the City and there will be no limit to how many settlements can be done in a day. When both parties are ready it’s simply a push of a button and settlement will take place. “An added bonus for our clients is that we won’t have to physically deposit bank cheques and wait for them to clear before they have the funds. Funds will be transferred to clients, banks, Councils, utilities etc. all in one EFT transaction and they will have access to any money within hours. “The registration of documents will still take place at Landgate, but they’ll be checked and processed before settlement so that any errors are found early, preventing delays. 5

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E-CONVEYANCING IS EFFECTIVE FROM JUNE 1, 2015 and Stirling Conveyancing Services can offer it to their clients immediately. “It’s going to be a huge benefit and if people want to take advantage of this new service they need to make sure both their Settlement Agent and the other party’s Settlement Agent can offer E-Conveyancing, otherwise we will still need to use the old, less efficient processes. “Buyers will also need to provide 100 points of ID, just like Sellers currently do. To prevent fraud and give us the authority to organise settlement online we will need identification from both parties.” For more information on e-Conveyancing contact Stirling Conveyancing Services on 6160 6600.

STIRLING CONVEYANCING SERVICES For most of us, purchasing our home is the biggest financial commitment we ever make. The Directors of Stirling Conveyancing Services, Andrew Dodd and Tony Reeves, have over 40 years combined experience in conveyancing and have built a reputation on creating lasting professional relationships with clients and other key players in the industry.

OES YOUR INCOME NEED PROTECTING?

Are your home and contents insured? What about your car? If you go overseas do you take out travel insurance? Most of us recognise the importance of protecting the assets we have accumulated over the years and rightly so, as we’ve worked hard to get them. But have you ever thought about protecting your ability to work? After all, it’s your income that enables you to own a house, maintain a car and take holidays. Your most valuable asset - Your ability to earn an income is likely to be your biggest asset in life. A 30 year old with an average wage of $60,000 can expect to earn over $2,000,000 by the time they are 65.

Stirling Conveyancing Services wealth of local knowledge and broad range of expertise enables us to provide existing clients and new customers with the finest advice and services available.

It’s worth thinking about what would happen to the assets you have built up and, more importantly, your family, if you were unable to earn an income. How would you pay for weekly expenses and bills, let alone mortgage repayments and school fees?

Our settlement services cover a broad range of properties, namely residential, strata titled, commercial and rural. Other subsidiary conveyancing services include family transfers, change of name, property subdivisions, conveyancing of deceased estates and survivorship applications.

Hopefully you have put away some funds to help tide you over. But how confident are you that your savings will last the distance?

Stirling Conveyancing Services First Floor, 141 Stirling Highway Nedlands WA 6009 T: (08) 6160 6600 E: reception@stirlingcs.com.au

Fortunately there is a way you can protect your biggest asset. Income protection insurance can provide you with up to a 75 per cent replacement income if you are unable to work due to illness or injury. The benefits are yours to spend as you choose and premiums are tax deductible, reducing the overall cost of your insurance. It couldn’t happen to me… If you’re lucky enough to be fit and healthy, then it’s tempting to think that it will never happen to you.

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After all, no-one wants to focus on confronting issues such as illness or injury. But the unfortunate reality is that misfortune can strike at any age, when you least expect it. In 2007-08 more than 51,000 people were hospitalised due to transport accidents, over one quarter of those were seriously injured and sustained life threatening injuries. One in five stroke victims is aged under 55. And just under half the population with an arthritis-associated disability are aged 15-64. The best time to take out insurance is when you are in good health. As you age, you can suffer health-related issues making it more difficult to obtain cover.

ISPELLING THE MYTHS

Many people believe they are sufficiently covered elsewhere or that the government will step in. But your safety net may not be as robust as you think. • Sick leave entitlements: Typically, salaried employees can accrue up to 1 to 2 months sick leave over 4 to 5 five years with an employer. However, this entitlement does not move with you when you change jobs, and a serious injury or accident may mean you are off work for much longer than your sick leave will cover. • Workers’ compensation: Covers illness and injury associated with the workplace but many serious accidents occur elsewhere, leaving

those without cover vulnerable. • Insurance in superannuation: Superannuation plans may provide some insurance cover, but it is typically limited to death and permanent disability. • Private health cover: Limited to medical expenses such as hospital stays and does not extend to general living expenses. • Social security payments: Very restricted and unlikely to allow you to maintain your standard of living. Income protection should be an integral part of your overall insurance needs, which can include life, trauma and total and permanent disability (TPD) cover. A financial adviser can help you work out the right level of insurance for your family’s particular circumstances.

Please call Ann Little on 0417 966 694 or email ann@alinsurance.com.au to make an obligation-free appointment to discuss how to protect your family.

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new ELIZABETH QUAY

Expected to create over 1,600 jobs during the construction fase, and a future workplace for more than 10,000 people and attract more than $2billion in private investment. When complete, Elizabeth Quay will attract more than four million visitors each year and will be a place where people gather by the river to work, live and celebrate occasions big and small.

â&#x20AC;&#x153;The Elizabeth Quay and the City Link projects will bookend New Perth to the north and to the south. After 20 years of sleep, the Old Emu Brewery site redevelopment is waking at the west end. The east end will be rejuvenated by the Cathedral Treasury precinct redevelopment. â&#x20AC;&#x153;

HE BEAST IS BACK

BUT ALL IS NOT LOST 8

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COMMERCIAL PROPERTY SCENE

So, the Beast of Bust has kicked in the front door and crashed the party again

inancial analysts and economic commentators will continue to argue about how and why Western Australia has found itself in this position (again..) until the next boom appears in the distance. Then we will all forget the lessons that should have been learnt from the last bust and join the next boom party. As was the case with the busts of the past, most West Australians are currently asking “So? What was that all

about?”

he Big End of Town did well out the boom (as always). FIFO’s bought investment properties and new Grande Cherokees and for the last 10 years, everyone in WA went to Bali every school holidays. Was that it? Some West Australians are probably thinking that it must have been a great party because they cannot remember much about it at all. They are feeling the pain of the hangover and are wondering if it was worth it.

hanges to our city’s skyline over the last three decades give a hint as to whether the boom ’n’ bust parties (and the hangovers) have got any better over the years.

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COMMERCIAL PROPERTY SCENE

andgropers that only come to the Perth foreshore on Australia Day for the Skyshow probably do not notice the change in the skyline year to year, decade to decade. If you work in the Perth CBD, new office towers appear and then melt into “normalness” over time and you quickly forget what the CBD was like before they appeared. Iconic, landmark office towers have been the crowning glories of past booms in WA. The planning and construction takes years and as a result, optimistic and committed investors and developers sometimes manage to get the timing on these massive undertakings “just wrong”. Mr Bond’s 52 storey Bankwest Tower was well underway by the time the Crash of October ’87 smashed our confidence. It was the tallest building in Perth from its completion in 1988 until 1992 when it was overtaken in height by Central Park. The Bankwest building is still recognised as a distinctive landmark on the Perth skyline more than 25 years after it was built and is still Perth’s third highest office tower.

ustralia got off its knees along with the rest of the world and flew above the clouds until Mr Keating’s recession hit late in 1990 – the recession he (and we) had to have. Perth’s 90’s skyline was changed by Harry Seidler’s 38 10

storey QV1 Building (1991) and the Central Park tower (1992). At 51 storeys, Central Park is still Perth’s office tallest tower (but not the largest by area). During the 2000’s, as the next wave was cresting, the sleeping cockroach arrived on the foreshore. Or, if your prefer, the Perth Convention Centre with its undulating eucalyptus leaf themed roofline, gently settling on the foreshore as the Swan Bells rang out across Barrack Square. The initial global panic of late 2007 and the GFC that continued well into 2009 was the next crunch moment although the effect of the crisis on Australia was considerably less than in many other countries. The impact of the GFC in Australia was softened in WA by the resources sector rolling on – the party also rolled on. Perth saw 140 William Street (2010), Raine Square Bankwest Place (2011) completed. Being office projects of more than 40,000 square metres each, these projects were significant by Perth standards, particularly given the timing.

he Brookfield Place tower (45 levels) was completed in 2012 and was well positioned prior to the party balloon completely deflating. It is Perth’s largest office building by area. At around 75,000 square metres it is about 10,000 square metres larger than Central Park but missed out on

PROPERTY GO Square ( the Old Emu Brewery): 3 new towers - 48,000 sqm offices plus 35 and 41 storey towers with hotel and residential apartments.

reasury and Cathedral Precinct: A 30,200 sqm, 33 level office tower (Treasury Square) and a boutique hotel in the refurbished heritage Treasury Building. The new Perth Library building and Cathedral Plaza public space adjacent to St Georges Cathedral will complete this whole city block redevelopment. From these projects alone, the New Perth will see more than 5,000 new dwellings, 5 hotels and the equivalent of 7 or 8 Central Park sized office buildings completed. In addition to these landmark CBD commercial property projects, there are the second tier, smaller commercial office developments, numerous Northbridge and East Perth residential apartments and the recently approved Civic Heart and Aurelia residential tower projects in South Perth. And the big legacy project born of the last boom is the $820 million 60,000 seat Burswood Stadium.

lthough the aftermath from the party may still get a bit uglier before it gets better, the hangover may be worth it this time. Perth will be transformed. Those who previously only came into the City for the Skyshow and who may think they did not get a big enough bag of lollies at the last party, will be drawn into Town often, enjoying their New Perth. The “intowners” that come into the City daily to work should spend more lunch hours wandering. There is so much more to see. In any case, the invitation to the next party will be in the mail soon (or be posted on Facebook). I hope you can make it - the Beast has already accepted.....

being Perth’s newest and tallest tower at the time. So, after this last Big Bang, what will we see on the skyline? You cannot miss the high profile projects as our Premier saturates TV with advertising directing you to government “information” websites. You may have also noticed the traffic congestion in and around the CBD as these projects are unfolding – try as you might, it is difficult to miss that chaos.

he Elizabeth Quay and the City Link projects will bookend New Perth to the north and to the south. After 20 years of sleep, the Old Emu Brewery site redevelopment is waking at the west end. The east end will be rejuvenated by the Cathedral Treasury precinct redevelopment. This last boom was a serious kaboom by past standards. WA experienced annual average growth of 5 percent over 10 years, accounted for more than 15% of the nation’s total GDP and half the 2013-14 merchandise exports. You would hope that such a Big Bash would generate significant and lasting memories.

his round of boom in Perth’s CBD commercial property development leaves us with: Elizabeth Quay: 200,000 sqm of offices, 800 dwellings and the Ritz Carlton Hotel and the Hilton Hotel (at Barrack Square). City Link: 220,000 sqm of offices in 4 towers, new housing for 3,000 people and the Kings Square and Yagan Square public open spaces. Capital 11

PROPERTY GO

Where there’s a will there’s a way..... The Willcaft way

nd where there isn’t a will – there could be a law suit! And a lot of family squabbles!

An article from Willcraft on Wills and Estate planning By Sharon Hunt and Colin Chapman

espite warnings regarding the mess that can be caused by people neglecting to make a Will a surprising number of Australians omit this. It doesn’t matter if you’re wealthy or not so wealthy; a legal Will if you have assets and family is important and should not be neglected. Many people think it can be deferred until they’re elderly, but the reality is that many couples with children and grandchildren should have a Will to make provisions for them.

urthermore, most experts say it should be reviewed every three to five years or as financial and family circumstances change such as when there’s a separation or divorce, remarriage or the birth of a child or grandchild. If you fail to complete a Will your assets will be distributed 12

by the Government. (Intestate)

his is very likely to not be what you wished for. Some people may benefit that you would prefer not to, rather than to your family and beneficiaries as you may choose. Some of these laws are quite onerous and can be the cause of major disputes and legal expense to your estate. Decisions need to be made as to how to divide assets, provisions that you may want to be made for children and so on.

here are many key factors that need consideration depending on your circumstances:

Is your property owned in the most beneficial way for distribution? Are you married or in a de facto relationship? Do you have children under 18? Do you have children from previous relationships? How do you want your assets divided amongst your family and friends? Do you need to consider protecting assets for beneficiaries in a trust?

PROPERTY GO

A COMMON ISSUE Too many Western Australians do not have a valid will

or peace of mind, the best route is to have your Will created for you by experienced professionals. Willcraft is a specialist, qualified team with 20 years of experience in Will writing and estate planning for families. Willcraft can assist you in Will preparation, as well as Advanced Health Directives (Living Wills), Enduring Power of Attorney and Guardianship. They’ll come to your home or workplace and offer a fixed price service.

Take CONTROL of your assets, PROTECT your family and assets and provide PEACE OF MIND for you and your loved ones.

f making a Will is something you have been ‘meaning to get round to’ take ACTION today!

Call Sharon on 0447 188 805 Call Colin on 0429 926 964 The Willcraft team at HQ on 9368 1337 Email: team@willcraft.com.au Website: www.willcraft.com.au Remember:

Where There’s A Will There’s A Way .............. The Willcraft Way!

PROPERTY GO

“M

oving house isn’t a quick process and if you are in a hurry you often find that you just randomly throw things into boxes where they can get broken and lost, and when you get to your lovely new home these are the boxes that never get properly unpacked, they just end up taking up space.

“S

o when it comes to moving, the biggest mistake you can make is waiting until your house is sold before you start sorting and packing. Packing is fairly quick, but sorting takes time, and the best time to get started is as soon as you have decided to sell, generally that will give you more time to prepare. Then it’s time to ask ‘where do I start’?”

SORTING

he first step is to go through your belongings and decide what you want in your new home and Diana says the first places to start are usually your garage/ shed or spare room. “If you’ve lived in the same home for many years, or have had children grow and move out you’ll probably have accumulated a lot of ‘stuff’ that is stored in these areas. Alternatively it might a craft room, or if you run a home business your study could be full of years of paperwork that needs to be sorted.

Moving house can be stressful and overwhelming you look around your house, at all your possessions, and ask where do I start? According to Diana Wyatt, professional organiser and Director of Let’s Get Sorted, it’s more a question of ‘when’ should I start.

“Look at everything. The Minimalists ask the question ‘does it bring me joy?’ Ask if it adds value to my life, do I really need this, will I have room to store this in my new house? Be honest and objective. It can be hard as we can have a lot of emotional attachment to things, but it needs to be done. I’ve seen people downsize and take things with them that are then stored in an open carport where it is exposed to the elements and vermin. It won’t be in good condition, but they won’t let go. And you’d be amazed by the number of people who put things into storage, and pay for it for years without unpacking their belongings.”

f you are keeping things ‘for the children’, ask the children if they will really want the items later in life. Look at your books, CDs, DVDs. If there are favourites that you use again and again keep them, otherwise get rid of them. You can always download CDs and DVDS and many books are available in e-formats. Go through your cupboards and ask do you need 10 sets of sheets, or 30 towels. If you are only a family of two you may only need a few sheet sets and towels - those you are using and a few spares.

his approach applies to every room. In the kitchen look at all your appliances, take them out of the cupboards and put them on the bench. Separate those items that you use every day and will keep. Then there are the things you use once a week or month. Get rid of the things you have never used or not used for years. One of the biggest space-wasters is the gadgets we collect.

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get ORGANISED S

imilarly, if you are moving with children, pack special boxes for them so that you can set their rooms up quickly and they can feel at home. Have their special things, like favourite toys or books, available to help them settle in. Also have food and snacks prepared for them on moving day and consider ways to keep them entertained.

GET HELP

iana says sorting and packing can be overwhelming and that’s where a professional organiser can help.

“You can get them to help you with the entire move, or just have a couple of sessions to get you started. If you don’t want to use an organiser, see if family and friends can give you a hand.

f time is an issue, for example you work full time or are busy with children, set yourself half an hour each day to sort. Put on a timer. Allow no interruptions in that time - no email, no facebook etc. - put on your favourite music and stay in that zone for half an hour. If you can do more that’s great, but at least give yourself some time each day to get ready for the move.

“M

oving can be stressful and traumatic. It can be overwhelming, but it can also be empowering. Most of us let our ‘stuff’ control us, when you start making decisions about ‘stuff’ you realise it doesn’t control you anymore and you can start your life in your new home with a fresh outlook on life.”

LET’S GET SORTED

et’s Get Sorted is committed to helping people get organised and back in control of their time, spaces, belongings and life, both at home and work.

t can be emotionally challenging and if you find something that you just can’t part with, that’s OK. Get a box for it, wrap it well so it doesn’t get damaged, label the box, take it to your new home and deal with it when you are ready. Give yourself a time limit, say six or twelve months, and then give yourself permission to let go.

What can you do with all the things you have sorted and no longer want or need? A lot of us don’t like to see things go to waste so you could consider a garage sale or Gumtree, or donating to charities. You’ll be surprised by what they can use - books, bikes, stationery and more. If you call a charity and they aren’t interested, ask if they know of another charity who might be.

Mobile: 0409 177 839 Email: di@letsgetsorted.net.au

iana Wyatt is an Accomplished Accredited Professional Organiser, a speaker, trainer, wife and mother, dedicated to helping others reach their organising goals. She can help you become more organised and give you the skills and confidence to stay that way.

PACKING

hen packing, start with display cabinets, bookshelves etc. where you have things that you use less. Wrap fragile items well and pack them in secure containers, like sturdy plastic boxes with lids. Label everything so that you know exactly what is in each box. Once you have done that, in the days leading up to moving out, you will be left with your essentials, the things in the bathroom, kitchen, study that you use regularly. Pack all this into separate boxes and pack it into your car so you can get straight back into your life when you move in. Think of the other things you need to be ready to function - fresh towels and sheets, clothing, computers etc. and have them ready to hand.

PROPERTY GO

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PROPERTY GO

inspired living •

Maintain healthy habits this autumn

Shacking up successfully

•

Financing a reno

PROPERTY A FIRM FAVOURITE

AUTUMN 2015

•

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3855

it Lice

n Cred

ralia

Aust

Plan ahead for your winter break

Welcome to the Loancom team:

Welcome

Brad Hetherington

Managing Director Mob: 0413 741 044 brad@loancom.com.au Cred.Rep.No: 394939

Vicki Dick

Senior Finance Consultant Mob: 0420 981 732 vicki@loancom.com.au Cred.Rep.No: 386904

Lesley Blackburn Following a strong run in many locations in 20141, sound investment fundamentals and low interest rates continue to make well-selected property an attractive investment selection in 2015. A record number of investors hit the real estate market last year, creating a buying and selling frenzy across many parts of the country. According to Domain Group’s senior economist Andrew Wilson, a colossal 14,500 homes were listed for auction over September to December, compared to 12,584 for the same period in 20132. Over the course of 2014, capital city house values grew by 7.9%3. Gains were strongest in Sydney, with year on year growth of 12.4%. With the Reserve Bank of Australia reducing the official cash rate to a historical record low of 2.25% at its February meeting, and a rise in interest rates unlikely in the short to medium term, property is likely to remain a popular investment option4. But it’s not just low interest rates that make property a popular investment option. Here are some of the key reasons for property’s persistent appeal: It’s simple: Property has proven itself to be a trusted wealth creation tool that is often easier to understand than other complex investment options. And with a long-term investment approach and a good property manager it can largely be

Senior Finance Consultant Mob: 0417 965 654 lesley@loancom.com.au Cred.Rep.No: 447369

a set-and-forget type asset, that doesn’t require daily input on an investor’s behalf. Steady returns: Property offers both the potential for capital growth over time5 as well as ongoing passive income in the form of rent – a compelling combination for long-term wealth creation. Your dollar goes further: Many lenders will finance up to 90 per cent of the value of the property based on the lender’s valuation – generally more than is available for other asset classes. Manufacture capital growth: Smart improvements can quickly push a property’s price upwards, enabling investors to speed up returns. With the heady spring and summer months now behind us and low borrowing costs continuing, autumn could prove a good time to buy for many. Remember, if you’re looking to explore the property market, it pays to have your finances in order so you can be ready to act when the right property pops up. Getting an indication of your borrowing capacity will also help you to narrow your property search appropriately. www.abc.net.au/news/2014-04-01/capital-city-home prices-surge-according-to-rp-data-rismark-ind/5358434 2 www.smartpropertyinvestment.com.au/news/13845record-breaking-pre-xmas-rush-for-auctions 3 www.corelogic.com.au/resources/pdf/indices/2015-0102--corelogic-rpdata-home-value-index.pdf 4 www.propertyobserver.com.au/financing/interest-rates /39848-one-more-then-rates-on-hold-westpac-s-billevans.html 5 www.asx.com.au/documents/resources/russell-asx2014-long-term-investing-report.pdf (p. 7) 1

Rob Waters

Senior Finance Consultant Mob: 0410 034 090 rob@loancom.com.au Cred.Rep.No: 368352

Greg Beck

Senior Finance Consultant Mob: 0417 095 724 greg@loancom.com.au Cred.Rep.No: 399971

ACCELERATE YOUR OVERALL RETURNS BY IMPROVING A PROPERTY THROUGH RENOVATION

Steve Greenwood

Senior Finance Consultant Asset and Commercial Mob: 0448 531 345 steve@loancom.com.au Cred.Rep.No:469255

We can help you • • • • •

Get a home loan Reassess your current loan Refinance you existing loan Find a commercial or business loan Consolidate debt and free up equity

PROPERTY GO 2

AUTUMN 2015

Maintain healthy habits this autumn As the weather starts to cool, it can be tempting to stay indoors and switch the fruit for cake. But don’t spoil the good effort you’ve made over summer – here are some tips to keep your healthy habits going. Switch your snacks: As the weather turns, the lack of activity combined with your body’s lower energy reserves from cold weather, may lead to you snacking more. Rather than trying to skip snacks altogether, substitute healthier options like wholegrain toast and avocado instead of cakes, popcorn instead of fatty chips or try skim milk in your hot chocolate. Graze: If you’ve got a long day working in the cold ahead of you, pack healthy foods to enjoy throughout the day, so there will be less chance of caving in to an afternoon pig-out. If you’re heading out for the evening, line your stomach with protein and fibre-rich foods like boiled eggs, nuts and yoghurt, to avoid gorging on carb-laden meals. Move your workout indoors: Braving the outdoors can be tough during the cooler months but it doesn’t mean you have to skip exercise altogether. Join a gym, take up an indoor exercise class like yoga, or make a habit of doing simple exercises like squats or sit-ups when you’re at home in front of the TV.

WARMING AND NUTRITIOUS FOOD IDEAS Vegetable soup: Make a batch of this classic soup to get through the cooler months, customising it with flavours such as basil and chilli. Add chicken to keep you feeling full for longer. Peppermint tea: This warming drink is a sweet substitute for a late-night hot chocolate, and is proven to aid digestion and reduce cold and flu symptoms. Baked eggs: Packed with protein and nutrients, baking eggs Middle Eastern style creates a delicious warming treat.

BEFORE DIVING INTO ANYTHING, DISCUSS YOUR WANTS, NEEDS, FEARS AND BUDGETS

SHACKING UP SUCCESSFULLY With the romance of Valentine’s Day still in the air, many may be feeling the romantic urge to take the plunge and shack up with a loved one. Certainly, romantic reasons aside, co-purchasing a property can be a great way to improve your buying power and reduce the burden of debt repayments. It also enables you to split other costs such as rates, water and utilities.

suffer and circumstances can change. No matter how much you love or trust your purchasing partner, preparing a formal co-ownership agreement and correct legal documentation is essential. A co-ownership agreement should include each owner’s rights, obligations and contributions as well as a plan should one or both of the co-owners wish to exit the investment.

Whether it’s young love or simply your first transaction together, when it comes to purchasing with a partner, it pays to proceed with caution and avoid letting your heart play tricks with your head! With that in mind, we’ve compiled a range of tips for successful co-ownership, that won’t leave you heartbroken – or broke.

Structure your ownership correctly: There are two main options for joint ownership. As ‘Tenants in Common’, each party owns an agreed share of the property and should one party die, they can bestow their interest to beneficiaries of their choosing. This differs to ‘Joint Tenants’, where if one party dies, their share is transmitted automatically to the remaining owner.

Communicate: You might prefer to avoid tough conversations but successful relationships and successful property transactions are built on communication and honesty. Before diving into anything, discuss your wants, needs, fears and budgets and try to keep emotions at bay. Put it in writing: It might seem hard to believe now, but relationships can

Seek professional advice: To ensure you set about your co-ownership agreement correctly and select the best loan arrangements to suit and protect your best interests, be sure to engage the assistance of professionals, including legal advice – and a mortgage broker, of course.

PROPERTY GO AUTUMN 2015

FINANCING A RENO Have the wave of home improvement shows on television inspired you to carry out some renovation? Whether it’s big or small, an investment project or home extension you’ve been dreaming about for years, the big question is – how are you going to pay for it? Here are some options to consider: Extend your mortgage: If you’re planning an extensive renovation, one of the most common ways to finance your project is to increase your current mortgage. This can be advantageous as you spread the cost out over a long period. Personal loan: A simple and cost-effective option for financing smallerscale renovations. The interest rates on personal loans are generally higher than home loans, but they typically have a fixed interest rate that stays the same for the full term of the loan. This can be useful for budgeting, but the catch is you can’t usually make additional repayments to get ahead and reduce costs. Credit card: A convenient and flexible option if you already have a card with a high enough credit limit. However, it might be costly if you don’t pay the debt within the interest free period.

Plan ahead for your winter break

Home equity loan or line of credit: These products enable you to use your home as an asset for additional borrowing. This allows you to borrow money at a lower interest rate compared to a personal loan or credit card and can usually be drawn up to the approved limit at any time.

As the weather gets colder and the days get shorter, most of us start dreaming of a holiday. If you’re lucky enough to be able to take a winter holiday this year, here are some ideal destinations for you to banish the winter blues. The Whitsundays, Queensland – With a range of islands to choose from for all lifestyles and budgets, the Whitsundays is an ideal family holiday destination. There’s also a fantastic range of activities to choose from, like snorkelling and scuba diving through to day trips to the pristine beaches of the surrounding islands.

To find out more about the renovation financing options, be sure to get in touch.

AVOID A BUDGET BLOW-OUT Know your budget: Setting a budget is essential for successful renovation. Research your costs thoroughly and review your budget weekly to ensure you stay on track.

Thredbo, New South Wales – A thriving ski resort town with a lively atmosphere, Thredbo provides plenty of fun for adults and children alike. There are plenty of beginner slopes for young skiers to try out, and plenty of après-ski bar and restaurant options for parents and singles.

Consider DIY: A great way to save money on your renovation is DIY on easy things like painting, landscaping and other non-structural jobs. Be creative: Small changes like changing wall colours, updating light fittings and smart decorating can have just as big an impact as larger scale alterations.

MID

FRASER ISLAND’S BALMY AVERAGE WINTER TEMPERATURES

Fraser Island, Queensland – Packed full of natural wonders, this World Heritagelisted island is an ideal winter getaway. Average temperatures are in the balmy mid-20s through winter, making for a perfect environment to get out and explore the lakes, rainforests and beaches the island has to offer. Kakadu, Northern Territory – Winter is the perfect time to visit this most iconic of Australian landscapes, as the temperature is much more bearable than in Summer, although still warm. Following the wet season, Kakadu’s waterfalls and gorges should be ripe for a bit of exploring – and crocodile spotting. Broome, Western Australia – The scenic Broome comes alive in winter, with plenty of activities and accommodation options for all. The temperature is warm enough to enjoy the area’s beautiful beaches, take a camel ride along the sand or watch a movie at Broome’s outdoor cinema, the oldest of its kind in the world.

PROPERTY GO 4

AUTUMN 2015

A SOFTER OUTLOOK FOR 2015 Australia posted only moderate economic growth in 2014. A sustained weakness in terms of trade, a reduction in income growth and ongoing political issues took a toll on consumer sentiment. However, there seemed no limit to investors’ appetite for real estate, with the property market going from strength to strength. So what can we expect in 2015?

Interest rates The Reserve Bank of Australia (RBA) kicked off 2015 by reducing the official cash rate to 2.25 per cent – the first change in monetary policy since August 20131 and one of the most intensely anticipated decisions for some time. Speculation continues as to exactly when interest rates will begin to track upwards again, but in any event it seems unlikely that we’ll see a dramatic lift upwards in borrowing costs any time soon, with economic conditions expected to remain soft.

In his statement on 3 February 2015, RBA Governor Glenn Stevens said that in Australia, the available information suggests that growth is continuing at a below-trend pace, with domestic demand growth overall quite weak1.

8.4

HOUSE VALUE GAINS COMPARED WITH A 5.1% INCREASE IN UNIT VALUES OVER THE 2014 CALENDAR YEAR

“Overall, the Bank’s assessment is that output growth will probably remain a little below trend for somewhat longer, and the rate of unemployment peak a little higher, than earlier expected. The economy is likely to be operating with a degree of spare capacity for some time yet,” Mr Stevens said. Broad consensus is that economic growth will remain soft in 2015. Investment bank Goldman Sachs’ chief economist Tim Toohey has forecast gross domestic growth for 2015 of just 2%, while Westpac has predicted growth of 2.5%2.

home value growth in Australia peaked at 11.5% across the combined capitals over the 12 months to April 2014, prior to the rate slowing to 7.9% in December 2014. Houses performed better than units over the calendar year, with house values gaining 8.4% compared with a 5.1% increase in unit values. “Based on the median price across the combined capital cities, houses are attracting a $100,000 premium over apartments,’’ said CoreLogic RP Data research analyst Cameron Kusher. CoreLogic RP Data expects dwelling values will continue to increase in 2015, at least across the combined capital cities. However, the rate of capital gain is likely to continue to soften. 1

www.rba.gov.au/media-releases/2015/mr-15-01.html

www.propertyobserver.com.au/financing/interest-rates /39848-one-more-then-rates-on-hold-westpac-s-billevans.html

www.corelogic.com.au/resources/pdf/indices/ 2015-01-02--corelogic-rpdata-home-value-index.pdf

Property According to the latest CoreLogic RP Data Home Value Index3, the annual rate of

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Disclaimer: This information in this magazine does not necessarily reflect the opinion of the publisher. It is intended to provide general news and information only. While every care has been taken to publishersthe takeaccuracy no responsibility for information any factors that may change thereafter. Readers advised to contact their nor financial adviser, broker or accountant before liable making for any investment decisions and should not rely on this newsletter asisareserved substitute forthroughout. professional advice. ensure of the it contains, neither the are publishers, authors their employees, can be held inaccuracies, errors or omission. Copyright No part Lenders Association of Australia Ltd (ABN 99 086 084 the 832)express as trustee for the PLAN Australia Trust tradingAll as PLAN Australia. Professional Lenders Network of Australia Ltd is a Credit Representative of BLSSA Pty Ltd, ofProfessional this publication can be Network reproduced or Pty reprinted without permission of theUnit publisher. information is current as atAssociation publication release andPty the Credit Representative No.responsibility 392535. BLSSA Ptyfor Ltdany ABNfactors 69 117 651 760,may Australian Creditthereafter. Licence 391237. Each is aare member of the National Australia Bankfinancial Limited Group. publishers take no that change Readers advised to contact their adviser, broker or accountant before making any investment decisions and should not rely on this newsletter as a substitute for professional advice. Loancom Australia Pty Ltd Australian Credit Licence number 385526.

PROPERTY GO

Experience. Integrity. Communication. Our staff at Stirling Conveyancing Services have over 60 yearsâ&#x20AC;&#x2122; combined experience in conveyancing and we have built our reputation on creating lasting professional relationships with clients and other key players in the industry. Our combined wealth of local knowledge and broad range of expertise enables us to serve existing clients and provide new customers with the finest advice and services available. Stirling Conveyancing Services oversees all related conveyancing matters for the sale, purchase and transfer of land and property ownership, whether it be a simple or complex transaction. Our integrity, level of communication and reassurance that you are dealing with professionals, sets Stirling Conveyancing Services apart from our competitors. Knowing that all the financial matters of property settlement are in safe and stable hands leaves clients with the free time and peace of mind to concentrate on the things that really matter when buying or selling property â&#x20AC;&#x201C; like making a house a home or spending more time with the people who matter most. Please make a note of our address and contact details below and be sure to nominate Stirling Conveyancing Services when undertaking your next property transaction. We look forward to serving you in the future.

Tony Reeves & Andrew Dodd First Floor 141 Stirling Highway Nedlands WA 6009 PO Box 1015 Nedlands WA 6909 T (08) 6160 6600 F (08) 6160 6699 E reception@stirlingcs.com.au W stirlingcs.com.au