Western Property April 28 2023

IS IT TIME FOR A HOME LOAN REVIEW?

Is your home loan in need of an overhaul? Given the sharp rise in interest rates over the last 12 months, many homeowners are booking in their annual home loan reviews.

MoneyQuest Penrith & Blue

Mountains specialises in this space, led by highly regarded finance specialist Peita Davies. Davies has more than 20 years’ experience helping members of the local community achieve their finance goals and she is particularly passionate about assisting clients with the refinancing process.

“There is nothing more satisfying than sitting down with a client, reviewing their loan, comparing it to others on the market and identifying a deal that better suits their needs. Many people think that once they have a home loan, it’s a done deal and nothing can change. That’s simply not the case,” Davies said.

“With the help of a professional, changing home loans, otherwise known as refinancing, can be incredibly beneficial. You might be able to switch to a loan with a more competitive interest rate, or one that has additional loan

features. It’s so important to chat to your mortgage broker regularly because you don’t know what you don’t know.”

In addition to specialising in refinancing, MoneyQuest is a customer-focused business that prioritises education.

“Our clients are at the heart of everything we do and it’s incredibly important to us that they understand the home loan process and what their options are,” she said.

“When it comes to refinancing, we explain the many advantages, including the potential for securing a lower interest rate and saving money as a result, and we also highlight any associated fees, terms and conditions so that our clients can make informed decisions.”

For an obligation-free home loan review, or to learn more about refinancing, call 0452 214 202 or send an email to penrith@moneyquest.com.au.

With so many di erent colours, styles and designs available, it can be di cult to choose the best flooring for your home and lifestyle.

View our online magazine with over 100 inspiring pages at choicesflooring.com

Sunday 19 March to Saturday 27 May

Choices Flooring Penrith 131 Coreen Ave, Penrith (02) 4731 4242 choicesflooring.com

ORAN PARK

FINALAPARTMENTS NOW SELLING ACT NOW!

This is your last opportunity to secure a luxury apartment in the prestigious Metro precinct, centrally positioned in the heart of the Oran Park community.

Generously sized, these 3-bedroom apartments feature ample floor space, sophisticated style and the finest finishes.

Built in partnership with the award-winning Allen Jack + Cottier Architects and currently under construction with Richard Crookes Construction, the residences are completed to a high standard with:

• Miele oven, gas cooktop, rangehood, built-in microwave oven and dishwasher plus striking Parisi tapware, tinted mirror splashback and Caesarstone benchtop centrepiece

• Ceramic tile floor throughout with carpet to bedrooms

Apartment G.03

Interior 111sqm

Exterior 33sqm

Total 144sqm

9043 7500

Apartment 3.10

Interior 108sqm

Exterior 23sqm

Total 131sqm

Price $819,500

CONTACT AGENT FOR PRICE

OPEN FOR INSPECTION:

Oran Park Sales Office is open seven days a week. Two ground-floor display suites available, please make an appointment.

CONTACT:

Oran Park Sales Office

Jeff Webb • 9043 7500 jeff@greenfields.net.au

URBAN LIVING AT ITS BEST IN ORAN PARK!

What is so great about this property?

All together this property consists of a 144m2 groundfloor apartment.

One of our favourite features of this ground-floor apartment is having a private courtyard with gate access to the street, perfectly situated in the heart of a growing town.

Who does this property suit?

If you love an urban lifestyle, then this apartment is most likely suited for you! Spend your time entertaining on the rooftop garden or walking down the street to meet with family and friends at a café or restaurant. Having a place that is easy to maintain allows you to do the things you love most. Most importantly enjoy the comfort of your own modern space.

Tell us about the suburb the property is in?

Oran Park is Sydney’s fastest-growing town, Metro Central is only a walk away from parks, picnic spots, dining options and is within the rapidly growing Town Centre. Learn more about Oran Park and Metro Central at www. metrocentral.oranparktown. com.au or visit the display suites today.

Very Happy Client Happy Seller

“ As someone who had been renting for 20+ years, I’ve met my fair share of real estate agents and I wish they were all at least half as amazing as Gizzelle. As the buyer, Gizzelle kept me in the loop constantly and was honest and upfront the whole way through the process. Nothing was an issue and it was obvious how much she cared about doing the right thing by the vendor. I wouldn’t hesitate to work with her again in the future. ”

7 Warrigal Glen, Werrington Downs

Coming

Litsa helped us through the selling process from start to finish. She is diligent, cares about the outcome and goes above and beyond to get the best results. To show you how hard she works she donned the gloves and helped us clean the internal and external of the house. Tell me who does that? She was a professional from start to finish and kept us informed all the way. In the end even in a downturn of the market we exceeded our expectations in terms of sales price. Thank you so much Litsa!!

– Verified by RateMyAgent

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

Same People, New Name!

We are excited to announce that we have changed our business name from LJ Hooker Commercial Penrith to InFocus Commercial Real Estate.

This change reflects our commitment to better serve our customers and improve our brand identity. Our new name represents the growth and evolution of our business, and we believe it better reflects our mission to provide exceptional service and quality products to our customers.

We want to assure you that this change will not impact our day-to-day operations or the quality of service you have come to expect from us. Our team remains dedicated to providing you with the same level of professionalism, expertise, and excellence that you have come to rely on.

Our telephone number, agents mobile numbers and location have not changed. But we have updated our website with our new business name and you can now find us at www.infocus.sydney

We appreciate your support and loyalty, and we look forward to continuing to serve you under our new business name. If you have any questions or concerns, please do not hesitate to reach out to us.

Christine’s communication, customer service and negotiating abilities have been finely tuned to ensure she offers both owners and tenants a professional, reliable and ethical running of any portfolio.

Having a passion to work, with proven ability to mould positive outcomes and to obtain the best result for investment, Christine has satisfaction knowing that she is the person whose high standards and skills helped make it possible for the investor to accomplish peace of mind and the tenant to gain confidence with their agent.

ARE WE TURNING TO CREDIT CARDS IN TOUGH TIMES?

Unfortunately, in this period of cost-of-living pressures and higher interest rates for borrowers, some people are still turning to credit cards, particularly when they need money for an emergency.

Reserve Bank of Australia (RBA) data has shown total credit card debt nationwide rose for the fifth month in a row in February. Analysis from comparison site RateCity said people could be “cracking under pressure” and “turning to plastic to make ends meet”.

The total credit card bill attracting interest charges increased by $270 million to $17.75 billion on Australia’s personal credit cards, RateCity said, which was the highest level since August, 2021.

RateCity research director

Sally Tindall said: “While the credit card can be a bridge to get through to the next pay day, it’s a band-aid solution that can quickly come unstuck.”

I’m not completely anti-credit card. With discipline, including only using it for purchases and

not cash advances, and paying off the balance in full during the interest free period, there can be great benefits through rewards and points programs.

If you have overspent on a credit card, there is the option to reduce the debt into a home loan or personal loan at a lower rate, and also a loan that will be repaid over time.

But I still see people consolidate as much as $150,000 of credit card debt, only to come back 12 months later with the same level of credit card debt because they have kept the cards. The critical thing is to cut up and cancel the card!

Also beware of zero or low interest credit card debt transfers to a new credit card. They often come with some cost, and it is essential to pay off the debt over the zero interest period.

But the main thing is to wean yourself off credit cards if possible, particularly cards with a high limit. Holding a lot of credit card debt can also impact on your chances of obtaining home finance in the future.

Call if you need some help!

OPEN HOMES & RENTAL PROPERTY GUIDE

• Generously sized master BR with a generous ensuite and WIR with the 4 BRs having BIs

• Large galley-style kitchen with a butler’s pantry

• Sleek-styled bathrooms with floor-to-ceiling tiles

• Multiple-zone ducted air-conditioning

• Remote control single LUG with internal access

• Sundrenched entertainers alfresco with a private yard

• Convenient location from shops, schools motorways

Mavris 0425 361 696

For more information visit: www.professionalsouterwesternsydney.com.au/real-estate/property/1262845/

Why are Granny Flats such a good

right

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.

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%.

If 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.

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.

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.

REAL ESTATE FLASHBACK

Thanks to Penrith City Council’s archive, we look

THIS GROUP OF FOUR TIMBER COTTAGES ARE LOCATED AT 1, 3 AND 7 BROWN STREET AND ALSO AT 220 DERBY STREET. THEY WERE BUILT IN THE EDWARDIAN AND CALIFORNIAN BUNGALOW STYLES OF THE EARLY TWENTIETH CENTURY. THIS PHOTO IS FROM 1986.

THE INTERSECTION OF STATION

AND

194 DERBY STREET, PENRITH IN 1991. THE COTTAGE WAS CALLED GOSFORD AND THE BROWN AND GORE FAMILIES HAVE LIVED IN THIS HOME AT VARIOUS TIMES. THIS AREA WAS FIRST SUBDIVIDED IN 1885 AS THE HORNSEYWOOD ESTATE. HOUSES LIKE THIS REPRESENT THE TYPE OF WORKING CLASS HOUSING BUILT WITHIN PENRITH DURING THE LATE 1800S.

THE INTERSECTION OF CASTLEREAGH AND DERBY STREETS IN 1992.

THE NEPEAN RESCUE SQUAD HEADQUARTERS ON DERBY STREET IN THE 1990S.

TOWN HOUSES AT 206 DERBY STREET, PENRITH IN THE 1990S.

DERBY STREETS IN PENRITH IN 2017.