Western Property 7 October 2022

refinancing be your game

BRADFIELD TAKES OFF SOD TURNED ON FIRST BUILDING

Construction has kicked-off on Australia’s newest city, Bradfield City Centre, a visionary under taking that will create more than 17,000 jobs and accelerate a wave of new advanced manufacturing, research and innovation in west ern Sydney.

Work is underway on the first building, a 3,840 square metre multi-purpose building that will house office, exhibition and event spaces, Hitachi’s Kyoso Creation Centre and the first stage of a new Advanced Manufacturing and Research Facility.

Premier Dominic Perrottet said the 114-hectare Bradfield City Centre development is backed by a $1 billion investment from the NSW Government and will unlock a further $10 billion in private investment.

“We are building a world-class city centre that will supercharge the creation of jobs and economic opportunities across western Sydney,” Mr Perrottet said.

“This first building is the start of a game-changing and job-generat ing city centre that will transform Bradfield into a hive of economic activity for businesses and offer

new services and attractions for residents across western Sydney.

“With this new high-tech city located close to new airport, busi nesses will be able to manufacture products in western Sydney and export to the rest of world, gener ating even more export dollars for our state.”

Minister for Enterprise, Invest ment and Trade Alister Henskens said Taylor Construction Group had been awarded the construc tion tender to build the first building.

“This facility will bring highskilled jobs and global career

opportunities to western Sydney residents, deliver shared hightech manufacturing equipment and machinery with local Sydney businesses and fast-track devel opment in areas like defence and space,” Mr Henskens said.

“Beyond this first building, the NSW Government has committed a further $260 million to establish the largest Advanced Manufactur ing Research Facility in Australia, right here in western Sydney.”

State Member for Mulgoa Tanya Davies said the sod turn on the first building marks the start of what will be a much-needed

enormous jobs boom for western Sydney.

“The Bradfield City Centre will grow and evolve in coming decades to become a major hub for jobs in western Sydney, generating enormous economic benefit for the NSW economy,” Mrs Davies said.

The team is working to complete Bradfield’s first building by late 2023, depending on weather and other factors.

Photo: An artist’s impression of the Bradfield City Centre taking place.

ARTWORK

Construction Commenced

RARE

This is truly a rare opportunity to secure this fabulous property right in the heart of Leura. This iconic two-storey brick circa 1917 terrace building is located in the main shopping precinct in the charming village of Leura in the beautiful Blue Mountains.

The whole property is set on three blocks with a total area of approximately 769m2. This is an opportunity that rarely comes along and one not to be missed.

The property has a long and established history of operating as a restaurant and currently

offers multiple dining areas which include a main dining room, terrace and a private dining room on the first floor. If that is not enough don’t forget the Garden courtyard, the perfect place to sit and relax and take in the ambi ence.

Conveniently located also on the ground floor is a commercial kitchen while upstairs accommo dates a preparation kitchen and office space.

Off street parking is also availa ble.

Inspect today!

ask your local expert property investing

ask your local expert in property investing

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WHEN

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MAKE HAY WHILST THE SUN SHINES BEWARE LOW SALT!

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Bathrooms, kitchens and laundries can often be the most expensive rooms in the house to renovate. However, when done well and with proper planning and expertise, your renovation can be an excellent investment, adding value to your home.

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Make the wrong decisions and you will fall into the renovation trap which could see your budget spiral.

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The questions you must ask are: Do I need a full renovation or a cosmetic facelift? Am I choosing the right design/style for my home? What are the ‘must haves’?

Cook’s Plumbing Supplies is the solution when it comes to finding the right products. Our Showroom Consultants at Penrith and Windsor can assist you with product selection, style and design advice. We can help you realise your renovation dream.

The most common misconception with Solar still seems to be around the FIT or Feed-In Tariff that we receive on our electrical bills each quarter.

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Put simply, you will get the best result from using as much of your Solar as it is being generated which, in turn reduces the amount of power you are buying off the retailer which costs you in the order of 30 cents per kWhr where the return on exporting your Solar will provide you with typically 5-12 cents per kWhr.

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Just think of it along these lines: You will see the huge opportunity from using your Solar while it is being generated rather than sending it out to the grid. Remember “make hay whilst the sun shines”.

Next week, I will discuss how to do this easily.

I

With all the rain about it is very tempting to give up on monitoring salt levels in your pool. Beware, constantly running your chlorinator with low salt levels will damage your salt cell (electrode).

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You must make a black and white choice. Totally turn off the chlorinator production and manually dose chlorine into the water to keep it from going green or regularly test your salt levels and make sure you are keeping the salt levels at the “ideal” level for your chlorinator’s make and model.

can’t recommend either path for you. You have to choose one of these two paths. What I can tell you that there can be no compromise. Trying to chlorinate with low salt for a long period of time WILL result in your salt cell’s premature death. And the replacement costs will be significant.

Outer

Waitaki Street,

Park

PENRITH

SPRING FARM

WERRINGTON

WHALAN

WOMEN IN REAL ESTATE

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With official interest rates continuing to climb, mortgage holders coming off fixed-rate home loans face a huge increase in their repayments unless they act now!

Fortunately, with the first of three tranches of almost two million fixed-rate mortgages set to expire this month, lenders are jostling for the business of these borrowers by offering big discounts and cash incentives.

Fixed-rate lending during the 2020-21 financial year increased from 10-15 per cent of lending to more than 40 per cent. But those two and three-year fixed-rate terms are beginning to expire and have to be replaced.

Fixed-rate loans (including loans

split between fixed and variable rates) worth more than $450 billion are due for renewal over the next 18 months. Common wealth Bank of Australia (CBA), the nation’s largest lender, esti mates $22 billion of its fixed loans will be expiring before December and another $95 billion next year.

At Westpac, the second-largest lender, the respective numbers are $21 billion and $86 billion.

While that may seem a looming crisis with lenders passing on the official interest rate increases imposed by the Reserve Bank of Australia (RBA) since it started to lift the cash rate from the record low of 0.10 per cent in May to almost 3.0 per cent, it’s not all doom and gloom.

Lenders are still battling for new customers and at Bell Partners we are seeing them prepared to slash the variable rates on offer to their existing customers.

According to interest rate comparison site Rate City, someone exiting a two-year fixed-rate $1 million loan could save $33,000-$34,000 over two years by switching to the lowest variable or two-year fixed mortgage. Almost 30 lenders are also offering mortgage cashback offers to attract new customers. They range from $1500 to $10,000, subject to loan size.

But doing nothing will mean borrowers coming off a fixed-rate could be out of pocket thousands of dollars.

Find The Right Property

At Towns Conveyancing, we understand how important making the correct decision is –whether it be your first home or an investment property. We’re here to help you throughout the journey and aim to simplify the process to leave you with time for yourselves. We are committed to you, will guide you through all the necessary steps and will ensure that your transaction is as stress-free as possible. We pride ourselves on the ability to cover every aspect of your transaction and communicate with you at all times – keeping you informed each step of the way. We assist with the following;

We’ve won multiple awards, and know what we’re doing when it comes to buying and selling.

We’ve been servicing the Penrith community since 2002. With over 20 years of conveyancing experience, we pride ourselves on ensuring that you’re in safe hands.

We’re happy to help you, day or night. We’ll keep you updated every step of the way, and should you need anything else, we’re willing to help..

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