Western Property October 14 2022

refinancing be your game

There are many ways that you can predict where interest rates will peak, according to Nerida Conisbee, Ray White Chief Econ omist

“You can pick a date and number based on your own view of the market, you can build a fore casting model or you can look at market expectations,” she said.

“Right now, market expecta tions are showing up to be pretty close for monthly announcements but the view as to when rates will peak is changing significantly depending what week you ask the question.”

One way to measure market expectations is by looking at ASX 30 Day Interbank Cash Rate Futures. Investing in this allows users to hedge against inflation and better manage their exposure to cash.

“Trading of the futures allows us to see what investors think will happen to the cash rate. Recently, it has been pretty accurate although this month, it overstated the increase, predicting a 0.5 per cent increase (it was 0.25 per cent). As to when rates peak however continues to shift a lot more and

changes depending on what week it is. This reflects how changeable economic data and sentiment are at the moment,” she said.

“Right now, inflation remains high but over the last three months we have seen some positive signs in Australia that suggested it could start to ease. More particularly, oil prices are now well down on June 2022 and shipping costs have fallen as supply chains have become unblocked. Not surprisingly, this led to a reduction in the market view as to where interest rates would peak. Over the last month however, we have seen prelim inary monthly inflation figures from the ABS show that inflation does remain high, driven so much by fuel or supply chains but very large increases in construction costs.”

Further driving up where inves tors see interest rates peaking is what is now happening overseas.

“Not only is much of the rest of the world seeing much higher inflation than us but there are concerns that some countries are going to head into recession,” Ms Conisbee said.

“The country with the biggest problems right now is the UK. Last week, the UK Government announced tax cuts including payroll taxes, income taxes and stamp duty. The measures were introduced due to the threat of a looming recession. But the move is badly timed given that it will further fuel inflation (already at 10 per cent) and will require a lot more borrow ing by the government. There are now concerns about Britain’s financial stability. The value of the pound compared to the USD sank to the lowest level ever recorded.

“September quarter inflation data will be out later this month, however the new monthly ABS prelimi nary inflation series will continue to give us a more up to date view as to how inflation is responding to sharp rises in interest rates. If the rest of the world heads into recession, hopefully we will once again be the outlier.”

Do you read Western Property?

TIME

What makes this property stand out?

Positioned in a quiet cul-de-sac, this double storey brick home with a well-manicured front yard offers an impressive residence in a private loca tion, with easy access to local amenities. Flowing across a spacious two level home with two guest bedrooms downstairs, this open design with modern inclusions provides the ultimate lifestyle.

Who should buy this property?

Large families, upsizing, first home buyers, investors.

What’s the suburb like?

Colyton is a popular, growing suburb that is family friendly and conveniently located right in the heart of the western Sydney hub. The home is conveniently located only a short distance from schools and shops.

WITH CUBITT’S

Why are Granny Flats such a good investment right now?

An upward trend for interest rates, and a risky feeling about knock-down rebuild projects means current and aspiring homeowners are looking for ways to increase the value of their property – enter the Granny Flat.

Building a Granny Flat on an existing property allows you to make the most of every square metre of your home. You’d be surprised how spacious and accommodating they can be.

A Granny Flat can offer you financial advantages which could help insulate your lifestyle against cost of living and interest rate rises, whilst increasing the value of your home. Most importantly, a Granny Flat can offer you and your family incredible versatility.

Four Reasons Homeowners are Building Granny Flats

property value

When it comes time to sell down the track – your investment now, will pay off later. Research from the Property Council of Australia found that building a Granny Flat could boost your home value by 30%.

family space

and a leg

With rental prices at an all-time high and availability at an all-time low, keeping your adult kids close in a Granny Flat makes sense. A Granny Flat is the perfect option for your family’s dynamic needs.

your parents are ready to downsize their living space and release equity from a larger home, building a Granny Flat could provide ‘instant superannuation’ for your aging parents.

the Investor

Depending on size, spec and the requirements of your block, purchasing or constructing a Granny Flat is often less expensive than financing a stand-alone investment property.

control of your property value

Granny

NORTH ST MARYS

MARYS

YOUR LOCAL AREA SPECIALIST

Introducing you to your Real Estate Specialists

HEIGHTS - AREA SPECIALIST

INTRODUCTION

Prior to becoming a Licenced Real Estate Agent, I’ve enjoyed a successful and diverse career in both Government and Private Sectors. I served almost 13 years within the New South Wales Police Force, plus worked in the Retail, Wholesale, and Hospitality industries working my way through the Executive world to Group CEO. Extensive experience in customer service, developing strong communication skills, ethics, strategy and solution focussed. “It’s about the Customer, Always”

resided locally since 2005, and actively involved in the community by sponsoring a local junior rugby league team, family podcast and Director Board Member of a Rugby Union Club.

Property Group is a leading boutique marketing and styling specialist real estate agency. An alternative to some of the larger agencies.

available 7 days to assist your needs in Real Estate,

care,

care”

ST

PENRITH

ST CLAIR - AREA SPECIALIST

INTRODUCTION

Ray White Diamantidis Group is a customer- focused real estate agency which brings the right people together for the best results.

We have a strong understanding of the local market, extensive knowledge of what buyers and vendors need and a passion to see our community flourish through our Sell, Buy and Rent Smarter attitude.

Ray White Diamantidis Group

a range of real estate services

investment sales, asset and property

the plan sales and development

Peter’s

years

in real estate, combined with 120 years of Australia’s number one real estate brand, Ray White Diamantidis Group is the top performing agency in St Marys, North St Marys, Oxley Park, Colyton and Werrington.

contact Peter Diamantidis

AREA SPECIALIST

Why did you become a real estate agent?

I think it is more that our Principal Phil Haley chose me, I was working at Australia Post and he was so impressed with my service that he asked me to give him a call if I have decided to change career, it took him two years to convince me to accept the job but

it was worth

wait.

Tell us about the first house you sold?

My first and the most memorable sale, was with a 92-year-old lady who was referred by my friends from the church. My vendor speaks limited English so she would like to work with someone she can really trust. The property was a 1-bedroom apartment in Kingswood and it was sold for favourable price that enabled her to secure a retirement home. I have helped her as well to sell her furniture and other stuff online and helped in any way I can possibly do which made me realised that being a real estate agent is not just selling a property, it is more than that, it is really helping and caring people especially the elderly. The last time we spoke she said she will miss me. So, I went and visited her in the Nursing Home and left her an orchid.

What do you love most about being an agent?

Knowing that I have been able to help my clients achieved their goals and dreams in this property market and I have been part of their journey. Also, my genuine care for my clients has helped me achieved consistent awards not only Locally and Nationally but also Internationally.

Why Choose Us

We have 25 years of wood production experience

Right to your residential home, commercial properties, local council infrastructure, national and state parks. Our designing team designs with your taste, space. We provide high quality products to the building industry where strength, and protection from dangerous conditions matters. While designed with elegance of wood finishes. Our products are certified with Australian standards.

The