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
FREESTANDING RETAIL AU C T I O N ON SITE
11AM TUESDAY 5TH APRIL
5 49 H i g h S t re e t , P e n r i t h N SW 2 75 0 • • • • • • • • • • • •
202sqm (approx.) floor area + storage 234sqm (approx.) site area Exceptional signage opportunities Rear lane access and car parking space Glass frontage to High Street Neighbours incl. CBA, El Jannah and SportsPower Walk to train station + Westfield First time offered since 1984 Close to council car park High traffic flow area FSR 3 : 1 SCAN FOR MORE Zoned B3 Commercial Core
M a t t h ew N e a l e 0 4 2 0 8 0 8 3 49
L u ke B e l o t t i 0 4 02 8 9 6 9 0 6
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J a c i n d a B oyd 0 4 47 6 2 1 8 8 6
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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
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BUY OF THE WEEK
96-100 Greendale Road, Wallacia $1,850,000– $1,950,000
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WALLACIA WONDER
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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
$
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• 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
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Book for 6 months & only pay for 5 months. *Conditions apply
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Commercial leasing at the heart of Oran Park. Work at the Park. • • • • • •
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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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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
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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
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3/11 Australia Street, St Marys Address/Suburb lowercase
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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
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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
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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
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Book your FREE Appraisal now with one of our Winning Team on 4732 6007 Western Property Magazine
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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
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$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
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$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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$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
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• 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
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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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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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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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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
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FOR SALE
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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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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. WW47370 WW47370
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
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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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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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