Western Property March 18 2022

FOR THE HOME OWNER, THE HOME SELLER AND THE HOME BUYER

ISSUE 389

Western Property Your complete guide to real estate in western Sydney

NEW HOME? FIND YOUR DREAM PROPERTY NEW LISTINGS INSIDE

WOMEN AT A DISADVANTAGE

OPEN HOMES & RENTALS GUIDE

BROKING BREAKDOWN

SEE PAGE 3

SEE PAGE 13

SEE PAGE 21

Put Our Winning Team to Work For You Phil Haley 0412 355 020

Litsa Meleti 0466 969 164

Gizzelle Powell 0428 934 618

Paul Tanner 0410 587 553

Peter Parker 0408 432 998

Victor Borg 0439 755 081

Dorothy Scott 0452 317 217

Alana Neville 0497 848 414

NOBODY IN THE WORLD SELLS MORE REAL ESTATE THAN RE/MAX.® WW45039

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NEWS FEATURE

WOMEN LOSING GROUND CONCERNING PROPERTY STATS RELEASED New research has revealed that affordability constraints and the gender pay gap are likely preventing women from purchasing houses, which historically appreciate in value more than units, as well as investment properties.

CoreLogic’s 2022 Women & Property report for Australia and New Zealand, released on International Women’s Day last week, suggested that women continue to have a less overall share of property ownership than men, making them potentially disadvantaged by recent wealth gains in real estate.

The report found that: – 26.6 per cent of residential property in Australia had female ownership, compared to 29.9 per cent male ownership.

– Men own 28.5 per cent of all the houses analysed versus women’s share at 24 per cent.

– Women have a higher incidence of unit ownership at 35.2 per cent versus men’s 34.7 per cent share.

– Men own 36.4 per cent of all investment properties analysed while women own 29.1 per cent.

This disparity amounted to approximately 105,500 additional

Western Property ISSUE NUMBER 389

Western Sydney Publishing Group

investment properties owned by men than women in Australia.

– The gender pay gap in full time ordinary earnings rose from 13.4 per cent at November 2020, to 13.8 per cent in November 2021, according to ABS data.

Co-authors of The Female Investor – Creating Wealth, Security, and Freedom through property, Nicola McDougall and Kate Hill (pictured), said the research highlighted the increasing disparity between wealth outcomes for men and women.

“As is mentioned in the report, given that most people’s wealth is

tied up in their homes, this means that if you don’t own a property or have to purchase a unit rather than a house due to affordability reasons – then you will forever be on the back foot financially,” Ms McDougall said.

“The report also found that it generally takes women one year longer than men to save a deposit for a property because of the gender pay gap, which reduces the potential capital growth that they can earn during ownership as well.”

Ms Hill said the higher percentage of unit ownership by women

EDITORIAL CONTACT Troy Dodds • 4722 2998 troy.dodds@westernweekender.com.au

SALES DIRECTOR ARTWORK Chris Pennisi • 0421 121 985 Jennifer Zuleni • 4722 2998 chris.pennisi@westernweekender.com.au artwork@westernweekender.com.au

SALE

was not surprising given the more affordable buy-in prices, however, they may struggle to ever upgrade to a house.

Another concerning finding in the report was the fact that men own 105,000 more investment properties than women.

“The new research highlights why it’s so important for women to take charge of their financial futures as well as improve their overall financial literacy so they understand the serious role that property ownership plays in their long-term financial security and stability,” Ms Hill said.

CHOICES FLOORING PENRITH 131 COREEN AVENUE, PENRITH 4731 4242

View our online magazine with over 100 inspiring pages at choicesf looring.com www.facebook.com/westernpropertymag

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BINET HOMES

Premium custom homes designed for lifestyle and built for life!

If you love your address but not your home, choosing Binet Homes Knockdown to rebuild in Sydney can make your property dreams come true.

Our specialists will work alongside you in your journey of building a brand new home that ’s perfect for your growing family.

Display Home : 2 Mahony Street Pitt Town Inspect: Wed & Fri 10:30am - 5pm | Sat & Sun 11am - 4pm

binethomes.com.au | 9868 3222 WW47131

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BUY OF THE WEEK

96-100 Greendale Road, Wallacia $1,850,000– $1,950,000

4

WALLACIA WONDER

2

2

Open for Inspection:

By Appointment Contact: Elders Real Estate Aimee Mitchell • 0402 482 114

What makes this property stand out?

Properties rarely come to market within Wallacia and 96-100 Greendale Road allows buyers the opportunity to enter the acreage market in a high growth location within close proximity to the new western Sydney infrastructure. The property boasts a spacious single level design that opens out to a beautiful entertaining area and in-ground pool all whilst maintaining a private yard for the kids.

Who should buy this property?

The property has been popular within families looking for extra space outside. Investors have also taken a liking to the property for its location.

What’s the suburb like?

Wallacia is a friendly semi rural town that offers a more peaceful alternative to the hustle and bustle. It is popular with families because of the lifestyle and land sizes it provides, located only 15 minutes from Penrith.

Boxes from

$

2

• REMOVALS • SELF STORAGE • BOX SHOP

RECEIVE 1 MONTH FREE ON ANY SIZE UNIT! 142 Old Bathurst Rd, Emu Plains PH 4735 7000 www.hitchens.com.au www.facebook.com/westernpropertymag

Western Property Magazine

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Book for 6 months & only pay for 5 months. *Conditions apply

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47390

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Commercial leasing at the heart of Oran Park.

Work at the Park.

• • • • • •

•

Suites and whole floor opportunities available Over 250 secure underground car spaces Naming rights currently available Construction due for completion early 2023 15 mins to Campbelltown, 45 min to Parramatta & 60 mins to Sydney CBD Under 20 minutes from the new Western Sydney Airport (completion 2026)

Acquire early market share and invest in your business’ future by becoming a part of Oran Park. commercial@greenfields.net.au 02 9043 7500 commercial.oranparktown.com.au

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Oran Park Town is rapidly becoming the best place to live, work and play in South West Sydney, and your business has an opportunity to meet to the needs of the fastest-growing region in NSW.

*Images are computer generated and indicative only

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NOBODY IN THE WORLD SELLS MORE REAL ESTATE THAN RE/MAX.®

Dual Key Dual Key

3+1

52+1 3 1+1 2

Registered QueenslandLand3 3

EXCELLENT INVESTMENT: DUAL LIVING! Sale : Contact Agent Inspection: By Appointment GIZZELLE POWELL M: 0428 934 618 E: gizzellepowell@remax.com.au

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++ 3

2

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QUEENSLAND DUPLEX TURNKEY PRICE: $682,950 Two Houses Two Incomes

• Separate entries • Soundproof firewall • Only pay one set of council rates • Turn key home • Two rental income returns, or live in one and rent out the other • Land: 450sqm • Build: 200sqm Price at $619,980 Potential rent per week $600 - $620

LITSA MELETI Want to know more?

Call me on 0466 969 164 Your Investment Specialist

Happy Vendor Litsa is Personal and Professional Litsa took care of every detail of our property sale and we could not have asked for a better outcome. From the moment we decided to sell with Litsa, we didn’t have to worry about anything as she handled the whole process with a high degree of knowledge and expertise and all with a friendly smile. The outcome of the sale exceeded our exception thanks to Litsa and I would highly recommend her services for anyone wanting to buy or sell. Thank you Litsa.

Verified by RateMyAgent

Thinking of Selling or Investing. Please give me a call or SMS Litsa on 0466 969 164

24/40-50 Union Road, Penrith

2

2.5

1

Boarding GwandalanHouse St Marys

412 2 3 2+23

Hot Property

GIZZELLE POWELL M: 0428 934 618 E: gizzellepowell@remax.com.au

Ideal First Home or Investment Property Open Home: Contact Gizelle

LITSA MELETI Want to know more?

Call me on 0466 969 164 Your Investment Specialist

$108,680 Gross Rent

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Put Our Winning Team to Work 8

Phil Haley 0412 355 020 0

Western Property Magazine

Litsa Meleti 0466 04 969 164

Gizzelle Powell 0428 934 618

Paul Tanner 0410 587 553

Victor Borg 0439 755 081

Dorothy Scott 0452 317 217

Alana Neville 0497 848 414

Peter Parker 0408 432 998

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NOBODY IN THE WORLD SELLS MORE REAL ESTATE THAN RE/MAX.®

28/73 Sovereignlowercase Circuit, Glenfield 3 Address/Suburb

2

1

3/11 Australia Street, St Marys Address/Suburb lowercase

2

1

1

Deposit Taken

Villa – Rare Find

LITSA MELETI M: 0466 969 164 E: litsameleti@remax.com.au

Viewing: Sat 10:30-11:00am

SCHOFIELDS/TALLAWONG

LAND BOX HILL NSW

4 Bedroom 2 Bathroom Double Garage Ducted Air Con 2 Car Space On 660sqm Spacious Lot Spacious Driveway and Backyard Just settle & move in! FREE STAMP DUTY WAIVER ALANA NEVILLE | M: 0497 848 414 | E: alananeville@remax.com.au

12 Aldinga Place, Claremont Meadows 4

LITSA MELETI M: 0466 969 164 E: litsameleti@remax.com.au

1

1+

2000 sqm lots. 2 Lots available. 2800sqm 1 Lot available.

Shopping centre under construction. Access to City, Hawkesbury River and Central Coast.

VICTOR BORG | M: 0439 755 081 | E: victorborg@remax.com.au

8 Epping Close, Cambridge Park

4

2

2

Hot Property

Just Listed

GIZZELLE POWELL M: 0428 934 618 E: gizzellepowell@remax.com.au

Great Location Land size: 579m2 Open Home: Contact Gizzelle

Your Dream Home Awaits You Land size: 645m2 Open Home: Sat 2-2:30pm

GIZZELLE POWELL M: 0428 934 618 E: gizzellepowell@remax.com.au WW46731 6

What’s your Property worth? www.facebook.com/westernpropertymag

Book your FREE Appraisal now with one of our Winning Team on 4732 6007 Western Property Magazine

9

Outer Western Sydney OPEN HOME

1/32 Carrington Street, St Marys

Duplex In Carrington Street Ideal For The Investor • Tiled entry, dining & kitchen • 2 x split system air conditioners • Modern bathroom with spa bath • Garage with power door & internal access • Fully fenced • Close to all amenities • Currently tenanted for $410 per week

View Property

FOR SALE

Colyton

View Property

Investors Look At This • Good size living • Tiled throughout • Updated kitchen & bathroom • 563 sqm block approx.

• Single garage & carport • Great tenants wanting to stay on • Receiving $460 per week currently

1

1

$709,000 - $759,000 INSPECT Saturday 19th March at 11:30am-12:00pm ADDRESS 1/32 Carrington Street, St Marys CONTACT Professionals St Marys 9673 4422 Rob Masters 0414 281 291

FOR SALE

Kingswood

View Property

3

1

4

$749,000 - $789,000 INSPECT By Appointment ADDRESS Colyton CONTACT Professionals St Marys 9673 4422 Rob Masters 0414 281 291

Looking To Get Into This Ever-Growing Property Market??

• 2 bedrooms • Renovated a few years ago • Long-term tenant willing to stay • Lock-up garage • Close to schools, shops and transport • Great investment opportunity

OPEN HOME

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1

1

$300,000 - $320,000 INSPECT By Appointment ADDRESS Kingswood CONTACT Professionals Erskine Park 9834 3555 Wayne Teudt 0412 462 672

3 Kippax Place, Shalvey

Don’t Miss This Opportunity View Property

3

• Lovely family home • Freshly painted and has real timber floors • Good sized bedrooms • Spacious living areas • Approx 608m2 block • Side access and shed • Close to amenities

3

1

2

Tell Us What You Think?

INSPECT Saturday 19th March at 12:00pm-12:30pm ADDRESS 3 Kippax Place, Shalvey CONTACT Professionals Erskine Park 9834 3555 Wayne Teudt 0412 462 672

professionalsouterwesternsydney.com.au WW45692

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Outer Western Sydney FOR SALE

58 Twin Creeks Drive, Luddenham

Hello Luxury Living . . . What Else Could You Possibly Need?

View Property

OPEN HOME

• Located in the exclusive Twin Creeks Estate

• Security system

• Tennis court, pool & spa

• 4,473m2 block

• Fully secured and landscaped yard

• Luxury living

13 Whipbird Place, Erskine Park

View Property

• Multitude of living spaces

OPEN HOME

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3

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Contact Agent INSPECT By Appointment Only ADDRESS 58 Twin Creeks Drive, Luddenham CONTACT Professionals St Marys 9673 4422 Terry Hansen 0418 245 683

2 Burford Street, Colyton

View Property

Cul-De-Sac Living Is The Best!!

Classy In Colyton On A Corner Block

• 632m2 block approx.

• Open plan living areas & formal lounge room • Modern kitchen with 900mm gas stove • 3 bedrooms, BIRs to 2 rooms • Air conditioning • Covered entertaining area • Double garage & off street parking

• 2 x air conditioners • Entertaining area • 2-3 tandem garage • Close to amenities • Fully fenced corner block • 682sqm block • Rental potential up to $550 per week

Contact Agent

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1

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INSPECT Saturday 19th March at 11:00am-11:30am ADDRESS 13 Whipbird Place, Erskine Park CONTACT Professionals Erskine Park 9834 3555 Wayne Teudt 0412 462 672

Just Listed

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2

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INSPECT Saturday 19th March at 10:00am-11:00am ADDRESS 2 Burford Street, Colyton CONTACT Professionals St Marys 9673 4422 Rob Masters 0414 281 291

professionalsouterwesternsydney.com.au WW45693

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Penrith Greater Region and Blue Mountains OPEN HOME OPEN FOR HOME FORSALE SALE

15 Marscay 43 Taronga Street Street, Kellyville Blacktown Ridge

Charming 5 Bedroom Home On Huge 977m2 Allotment!

• Charming 5 bedroom home on huge 977m2 allotment • Spacious lounge, dining, family & rumpus areas • Large timber galley-style kitchen • 5 good sized bedrooms • 2 large bathrooms • Lush manicured park-like gardens • Double tandem garage with electronic roller doors

OPEN HOME

Perfect Position!

16/1-2 The Crescent, Penrith

2

1

FOR SALE

1

Penthouse Living

• Unique double storey unit in fantastic central $389,950 xlocation INSPECT Saturday 19th March at 9:30am - 10:00am • Spacious open living design that is set over two ADDRESS 16/1-2 The Crescent, Penrith xlevels • Two great sized bedrooms with mirrored BIs CONTACT Professionals Penrith • Large kitchen & bathroom 4725 3100 • Walking distance to the Penrith CBD & railway station

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$989,950 INSPECT By Appointment Only ADDRESS 43 Taronga Street, Blacktown CONTACT Professionals Penrith 4725 3100

26/12-14 Hope Street, Penrith

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• Spacious 2brm Penthouse with large rooftop balcony $588,000 • Panoramic views of the Blue Mountains • For investors there is already an excellent tenant occupying the premises INSPECT By Appointment • You won’t find a better priced, near new, Penthouse in the area ADDRESS 26/12-14 Hope Street, Penrith • The complex is only 100m from the Nepean Hospital CONTACT Professionals Penrith • Walking distance to all amenities 4725 3100 • Smaller complex equals greater security, privacy & peaceful enjoyment • Call or text Richard on 0409 551 803 for more details or to organise your inspection

penrithprofessionals.com.au 02 4725 3100 253 High Street, Penrith WW45182

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OPEN HOMES & RENTAL PROPERTY GUIDE westernpropertyonline.com.au | facebook.com/westernpropertymag

OPEN HOMES ADDRESS

SUBURB

TIME

AGENT

OPEN HOMES

ADDRESS Saturday 19th March

BLACKTOWN 43 Taronga St

TIME

AGENT

Erskine Park

11 - 11:30am

Professionals Erskine Park

26/12-14 Hope St

Penrith

By Appointment Penrith Professionals Real Estate

16/1-2 The Cres

Penrith

9.30-10am

Penrith Professionals Real Estate

Shalvey

12 - 12:30pm

Professionals Erskine Park

1/32 Carrington St

St Marys

11:30 - 12pm

Professionals St Marys

SUBURB

DESCRIPTION

RENT

AGENT

Kingswood

1 br unit

$240pw

4725 3100 Penrith Professionals Real Estate

Kingswood

2 br unit

$290pw

4725 3100 Penrith Professionals Real Estate

ERSKINE PARK 13 Whipbird Pl

Blacktown

By Appointment Penrith Professionals Real Estate

CAMBRIDGE PARK 51 College St

SUBURB

Cambridge Park

PENRITH

By Appointment Penrith Professionals Real Estate

SHALVEY COLYTON 3 Kippax Pl 6 Milton St

Colyton

9 - 9:20am

Professionals St Marys

2 Burford St

Colyton

10 - 11:00am

Professionals St Marys

ST MARYS

PROPERTIES FOR RENT SUBURB

DESCRIPTION

RENT

AGENT

CAMBRIDGE PARK Cambridge Park

3 br house

$395pw

4725 3100 Penrith Professionals Real Estate

CRANEBROOK

PENRITH

Cranebrook

4 rb house

$450pw

4725 3100 Penrith Professionals Real Estate

Penrith

2 br unit

$270pw

4725 3100 Penrith Professionals Real Estate

Cranebrook

3 br house

$550pw

4725 3100 Penrith Professionals Real Estate

Penrith

2 br townhouse

$440pw

4725 3100 Penrith Professionals Real Estate

Cranebrook

3 br house

$460pw

4725 3100 Penrith Professionals Real Estate

Penrith

1 br unit

$230pw

4725 3100 Penrith Professionals Real Estate

Penrith

2 br unit

$330pw

4725 3100 Penrith Professionals Real Estate

3 br townhouse

$430pw

4725 3100 Penrith Professionals Real Estate

KINGSWOOD Kingswood

2 br townhouse

$370pw

4725 3100 Penrith Professionals Real Estate

WERRINGTON

Kingswood

2 br unit

$250pw

4725 3100 Penrith Professionals Real Estate

Werrington

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Western Property Magazine

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WW46744 WW44215

Get started

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FINANCE & LEGAL Your Guide to finding local financial affairs consultants.

Our finance and legal feature introduces our readers to local advertising businesses. You can use this feature as a guide to search through some of Penrith’s highest offering establishments ranging from lawyers to accounting firms. Our feature has got

4722 2998 sales@westernweekender.com.au

you covered on all your financial and legal needs.

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Helping you make better choices in the Blue Mountains, Penrith and Glenmore Park

Home loans | Financial planning | Risk and General insurance | Car loans | Business lending

4739 9749 Blaxland 4721 1733 Penrith MortgageChoice.com.au/rob.lees Mortgage Choice Limited ACN 009 161 979. Australian Credit Licence 382869. Mortgage Choice Financial Planning Pty Limited ACN 158 645 624. AFSL 422854.

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talk to us today

15

Christolynn C O N V E YA N C I N G S E R V I C E S ABN 91 252 967 488

BUYING OR SELLING A HOME? WE OFFER: ■ Quality & efficient service at competitive rates ■ Drafting & handling contracts ■ Transfer of property Refer to this ad and get

$100 off our fees!

Lynne Waldon Licence No: 1347986

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lynne@christolynnconveyancing.com.au

“Licensed conveyancer with the family touch” WW47681

PO Box 425, Cranebrook NSW 2749 Ph: (02) 4730 6855 M: 0438 596 637 Fax: (02) 4730 6825

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FINANCE & LEGAL

Home loans to really get you moving

Leigh Tindale 0424 364 686 ltindale@libertynetwork.com.au liberty.com.au/leigh-tindale Approved applicants only. Lending criteria apply. Liberty Network Services Pty Ltd ABN 65 151 158 628. Australian Credit Licence 408042.

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Western Property Magazine

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Mortgage need enhancing?

Get clever refinancing.

Talk to our Penrith team today about smart ways to pay off your home loan sooner.

Sandra Wozniczka Penrith Branch Manager 0439 215 156 | sandra.wozniczka@gsb.com.au Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959, AFSL and Australian Credit Licence 238317. Lending criteria, limits, conditions and fees apply. Applications are subject to credit approval.

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Home loans to really get you moving

Leigh Tindale 0424 364 686 ltindale@libertynetwork.com.au liberty.com.au/leigh-tindale Approved applicants only. Lending criteria apply. Liberty Network Services Pty Ltd ABN 65 151 158 628. Australian Credit Licence 408042.

App

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20 Western Property Magazine

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BROKING BREAKDOWN

BROKERS V BANKS

MANAGING YOUR MONEY NEEDS

MARK STEVENSON BELLPARTNERS.COM

With reports of more bank branches closing around the country, consumers look to be relying more on finance brokers for advice, particularly when it comes to obtaining a home, business or personal loan.

According to data obtained by The Daily Telegraph, more than 450 bank branches have been shut down in the last few years, while over this period around 3800 ATMs were taken out of circulation, representing more than a third of all existing cash machines in the country.

At the same time, the big four banks permanently closed the doors of 459 of their branches.

NSW was the hardest hit state, losing 140 bank shopfronts during

that period. Of those, 20 were shut down in Sydney, and the rest were closed across smaller cities and regional areas. The shutdowns left nearly 300 NSW suburbs without a branch to visit, and 216 suburbs have been left with no way to procure cash after the closure of ATMs in the area.

While banks have been reducing their person to person services to consumers, the latest data from the Mortgage and Finance Association of Australia (MFAA) highlights how brokers are continuing to boost their market share.

Releasing its December 2021 quarter results, the MFAA said mortgage brokers set an all-time record for the value of home loans settled with the total value of

mortgages settled by brokers in the December quarter reaching $95.65 billion, the highest amount for all quarters since reporting began.

Brokers continue to write two in every three home loans, while facilitating 66.5 per cent of all new residential home loans according to data released by Comparator, on behalf of the MFAA. MFAA CEO Mike Felton said: “To have our industry grow almost 50 per cent year-on-year in terms of the volume of loans settled is a phenomenal result and sends a powerful message as to the state of our industry following the significant changes made.”

Talk to a broker today about your finance needs.

At Wilsons Solicitors, weʼre more than just another law firm -weʼre the legal team that Penrith trusts.

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No matter your legal needs, weʼll get you the right team for the job every time.

CALL US TODAY!

02 4731 5311 51 Lemongrove Rd, Penrith NSW 2750 www.facebook.com/westernpropertymag

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