My Market BELROSE | DAVIDSON | FRENCHS FOREST May 2019
Hello &
Welcome Shane Broekman is the Sales Manager for LJ Hooker Forest and has been selling residential property in the local area for over 12 years. If you have a questions for Shane, you can contact him via; ph: 0404 044 280 e: shaneb@ljhff.com.au
Talking Real Estate with Shane Broekman
Home owners
have started to accept the
change in property prices and see the benefits of a softer market. • Upsizing is cheaper in a soft market rather than in a rising market • Buying and selling in a soft market at the same time has more certainty than a rising market • Property prices are all relevant in the same market and better to judge in a soft market Now more than ever, homeowners need to engage experience over cheap fees and free marketing. How low will local agents go until they end up like Purple Bricks who recently announced their exit from the Australian market? The fact is, agent commissions are geared to get a better outcome for the owner, which in turn achieves a better outcome for the agent. So why cheap fees?
If an agent is threatened by the skills of another agent, they often drop their fee to compete as they are unable to compete on sales process or negotiation strength. But if they give away their money that fast, wont they give away your money just as quick?
Buyers
are now seeing value with properties
on the market and their confidence is increasing. This means more offers are being made and the stability of the market is not far away, if not here already. I believe the day of 'a bargain' ended in March 2019 and fair value is being paid now. It's also interesting to note more buyers are being approved as banks understand what they can and can't lend with the new findings.
Stats & Figures
Specific to Belrose, Davidson, Frenchs Forest
92 70
properties have sold between January and May 2019.
Although it is important to listen to what the media has to say about the Sydney market, it's more important to know what our local area is doing when you're thinking of selling.
of the 92 Properties went to market as Auction campaigns.
As an area expert, I track the local market to ensure I can give my owners honest and realistic information that will ensure they sell for the right price, at the right time and without spending a long time on the market.
61%
of Auction properties either sold before or at Auction.
It's so easy for an agent to tell you a price you want to hear (better known as buying your listing) but have they explained to you the best method of sale and what process they will engage to ensure a sale outcome you deserve?
The impact of changing negative gearing Property investors bring many benefits to the real estate market, which should be considered during the current debate about negative gearing, ahead of the Federal election in the coming months. The policy is not simply a tax minimisation scheme for the wealthy, but also assists all households by providing a solid supply of affordable rental accommodation. More than 2.5 million dwellings in Australia are leased and attract an average weekly rent of $450, according to latest figures. These are not all luxury palaces but ordinary homes. There is a risk that the proposed changes to negative gearing will discourage long-term investment in residential property and reduce the number of rental options for those unable to afford to buy their own home. A recent report from SQM Research found that, if the proposed changes to negative gearing are implemented, investors would demand higher rental yield; with rental prices potentially increasing by between seven to 12 per cent from 2020 to 2022, assuming there is an interest rate cut. Retaining negative gearing for new properties has been designed to keep the construction sector active, but our view is that it could do the opposite. The proposed changes combined with recent increased financial regulation has generated some nervousness for those considering purchasing off-the-plan. Investors will no longer be confident of a ‘quick exit’ because they will be limited to who will want to buy it. Another investor will not be able to enjoy the benefits of negative gearing, for the same property, so it eliminates the crucial secondary market.
The majority of these new developments rely heavily on investors - sometimes up to 60 per cent of sales - before they can even commence construction. When you hit one part of the supply chain, you really hit the whole supply chain. It won’t encourage new stock because investors need to know there is potential for future capital gain, but now they have no idea what their property will be worth on the other side of abolishing negative gearing. If the market experiences a slow-down, on-top of what is currently being experienced, in new housing being created it would be another factor driving an increase in rental prices because there will be a limited number of properties available to rent. Regional areas are also likely to be impacted if investors drop out of the market. There are many small and medium sized towns which attract little new construction but have a population that relies on rental accommodation. Historically investors have made up around 30 per cent of housing finance commitments and over recent years it has peaked at almost 55 per cent in NSW. During this period, rents have remained relatively flat, in real terms. So, we can see benefits that a strong supply and investors add to the property market. It not only allows ordinary Australians to invest in real estate, but more importantly provides stability and peace of mind for those who rely on such housing stock for everyday living.
Get the value of our experience today by booking a free property appraisal with Shane Broekman - 0404 044 280
shanebroekman.ljhooker.com.au
Benefits of downsizing There are several key benefits to downsizing, not just for empty nesters but for all of us, as living large doesn’t always mean bigger is better. If you love saving money, energy, resources and enjoy saving time on the up keep of a home, downsizing may be the answer. Here are five benefits of selling up and moving into something smaller. 1. Less stuff There’s a problem with large spaces: you need to fill it. In most cases, you won’t want to simply have vast expanses of nothing and so will require purchases like feature furniture, rugs, art etc. to add colour to these areas. This means you won’t only be paying more for the bigger house but will have to consider these extra costs as well.
2. Save stress & money Living in a larger home requires more time spent on its upkeep, from cleaning and maintenance, to furnishing and gardening; the cost can lead to a stressful home. By downsizing, you’ll have less responsibility, smaller workload, increased cash flow and greater flexibility. This frees you up for fun, spending time with family, getting more rest and just enjoying your home rather than being a slave to it.
3. Energy bills Energy bills, which continue to climb, are nothing to shake a finger at. For instance, according to Expatistan’s Cost of Living Index, the average utility bill for two people in a Sydney apartment was $202 per month. Considering that larger homes require more power, you could shave quite a bit off your energy expenses by living in a smaller home. Furthermore, you’ll be doing your part for the environment by consuming less energy that is often produced by dirty fuels.
4. Start of a new chapter By downsizing and reducing your costs such as your mortgage, along with maintenance and energy bills, it can often mean you have extra money in the bank that can be spent on you and enhancing your lifestyle. Perhaps it’s a trip to one of your bucket list destinations or an annual visit to see family interstate. Also, travelling can be less of a hassle if you’ve downsized, especially if you live in an apartment as you can normally lock it up and go, rather than concerning yourself with ensuring your home has enough security while you’re away.
5. Retiring & downsizing Have the kids left home and your finding yourself rattling around in the house that you bought for the family? Downsizing can help release capital and provide you with a significant lifestyle change. It also offers the added benefits of reduced outgoings on utility bills, council tax, repairs and maintenance, which can offer peace of mind given the rising costs of these items. In addition, there are practical benefits of downsizing your home for retirement and moving to a smaller property as it’s easier to manage and maintain, particularly should your degree of mobility start to lessen.
Property conveyancing & settlement Whether you are buying or selling a home, the transfer of title and signing of legal documents forms an important part of the process. This is called conveyancing and it can be daunting, especially because each state and level of government has different laws and requirements on property purchases.
Contact your local LJ Hooker office to speak with a real estate specialist.
Conveyancers are qualified experts who handle these matters for you. LJ Hooker provides property conveyancing and property settlement agents that can assist the process of preparing documentation for property settlements. Our conveyancer service focuses on making the sale or purchase transaction a pleasurable experience rather than a stressful one. Disclaimer. This newsletter 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 ensure the accuracy of the information it contains, neither the publishers, authors nor their employees, can be held liable for inaccuracies, errors or omission. Copyright is reserved throughout. No part of this publication can be reproduced or reprinted without the express permission of the publisher. All information is current as at publication release and the publishers take no responsibility for any factors that may change thereafter. Readers are advised to contact their financial adviser, broker or accountant before making any investment decisions and should not rely on this newsletter as a substitute for professional advice. © LJ Hooker Corporation Limited.
shanebroekman.ljhooker.com.au
Sold. Sales made by Shane Broekman in 2019 - January to May
18 Allworth Drive DAVIDSON $1,600,000
78 Kambora Avenue DAVIDSON $1,350,000
14 Kyeema Parade BELROSE $1,420,000
48 Sir Thomas Mitchell Dr DAVIDSON $1,290,000
101 Ashworth Avenue BELROSE $1,675,000
11 Cobb Street FRENCHS FOREST $1,165,000
2 Karingal Crescent FRENCHS FOREST $1,175,000
12 Hews Parade BELROSE $1,280,000
R3 Zoning FRENCHS FOREST $#,###,###
6 Berrinda Place FRENCHS FOREST $1,425,000
7 Hoddle Crescent DAVIDSON $1,510,000
2 Shanuk Street FRENCHS FOREST $1,180,000
Davidson, 8 Govett Place Resort Style Sanctuary For Families Set back from the street in absolute peace and privacy, this recently updated residence has been designed to deliver an exceptional indoor-outdoor family environment. Its set on a low-maintenance 1209sqm block, neighbouring the reserve, with pleasant outlooks over Garigal National Park. It provides a stylish living space with a flexible layout and self-contained living potential STCA. Its positioned 1km to Kambora Public School, close to shops and a short stroll to buses bound for Chatswood and the city. * Open plan living area with a defined lounge and dining, wrap-around alfresco deck * New stone kitchen with stainless appliances, induction cooktop, meals bar and walk-in pantry * Rumpus with wet-bar and own access offers self-contained living potential (STCA) * Main bedroom with walk in and new ensuite contemporary new full main bathroom * In-ground pool, paved poolside entertaining, easy-care level lawns * Double carport plus additional off street parking, storeroom/workshop, air-con Davidson is a suburb that is tightly held and offers families the spoils of bush walking, bike riding, cafe's and both public and private Sshools. There is a wide selection of parks and reserves whilst only being a few minutes away from Glenrose Shopping Village, sporting ovals and a selection of pre-school facilities.
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For Sale For Sale $1,450,000 to $1,550,000 View As Advertised Contact Shane Broekman 0404 044 280 LJ Hooker Forest (02) 9451 0044
Belrose, 1B Wearden Road Perfect For The Growing Family Feel instantly welcomed when you walk through the front gate and into the beautifully presented gardens of your new home. Occupying a prime north facing corner parcel, this property is a surprise package with generous interior proportions and alfresco entertaining. Offering five bedrooms, three bathrooms and multiple living areas, there is plenty of room for the growing family to spread out. With Forestway and Glenrose Shopping Centres, Wakehurst Public School and public transport all close by, this home presents the ideal choice for those looking for privacy, space and convenience. * Well sized kitchen with gas cooktop, dishwasher, walk-in pantry and breakfast bar, open to dining area * L-shaped lounge/dining area with new Panasonic Inverter air conditioning * Casual living/rumpus area, plenty of room for study/home office, with reverse cycle air conditioning and opening to verandah * Huge master bedroom with dual built-in wardrobes, ceiling fan and renovated ensuite * Four further generously sized bedrooms, all with built-in wardrobes * Completely renovated main bathroom with wall-to-ceiling tiles, separate bath and shower and contemporary fittings; additional upstairs bathroom with corner shower * Timber floorboards; timber shutters; gas heating bayonets; ceiling fans * An abundance of storage throughout including linen cupboards, under-stair cupboard
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Auction Sat 8th Jun 2019 at 10:30 am (unless sold prior) View As Advertised Contact Shane Broekman 0404 044 280 LJ Hooker Forest (02) 9451 0044
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If you think hiring a real estate professional is expensive, wait until you hire an amateur.
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If you're thinking of selling, contact:
Shane Broekman -+ )00,&3 '3&/$)4 '03&45 BEESFTT 4PSMJF 3PBE 'SFODIT 'PSFTU Phone: 0404 044 280 | Email: shaneb@ljhff.com.au
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