Western Property December 3 2021

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

ISSUE 379

Western Property Your complete guide to real estate in western Sydney

BUY TODAY FIND YOUR NEW HOME INSIDE LATEST PROPERTY LISTINGS FROM THE BEST AGENTS

SMART INVESTMENT SEE PAGE 3

MARK STEVENSON SEE PAGE 22

PUT OUR WINNING TEAM TO WORK 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

5 View

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Saturday 12:00 – 12:30pm

Price Auction Saturday, 4th December at 12:30pm On-site

Bianca Rosse o 0423 798 801

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9 Bellbrook Ave, Emu Plains • • • • • • • •

5 bed home with versatile dual floorplan Formal and informal living areas Stunning modern kitchen high end appliances Oversized master BR with WIR and ensuite 4 modern bathrooms IG pool, large under cover entertaining area Double tandem carport plus 3 car space drive Stunning property with so many more extras to list

View

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By Appointment

Price Auction Saturday, 11th December at 12:00pm On-site

Price Auction Saturday, 11th December at 3:00pm On-site

Lori Howell 0428 968 742

94-104 Sheredan Rd, Castlereagh • One of the best 5.21 acres in the area with huge street frontage • Double brick 5 bedroom residence • 2 bedroom fully self-contained guest accommodation • Resort-style in-ground pool • Colorbond shed (11m x 6m) • Sought after street location • Is in need of TLC but the potential is endless

lori.howell@penrith.rh.com.au

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70 Smith St, Kingswood • 6076sqm prime residential development • Prominent location on corner of Smith & Parker Street • Substantial 2 storey family home • Public transport at front door • Direct access to M4 motorway • Approx. 1km to Nepean Hospital

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Saturday 2:30 – 3:00pm

bianca.rosse o@penrith.rh.com.au

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View

By Appointment

Price

Just Listed

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32 Gladswood Ave, South Penrith • • • • • • •

3 bed home meticulously upgraded Brand new kitchen, bathroom, laundry Ducted air, built-ins, 2nd toilet 2 bed granny flat architecturally designed Open plan, stone benchtops in kitchen Lock-up storage Top location on 645sqm

Gary Rosse o 0414 321 000

Lori Howell 0428 968 742

gary.rosse o@penrith.rh.com.au

lori.howell@penrith.rh.com.au

Penrith 4732 1000 1/282 High Street , Penrith www.rh.com.au/penrith WW47058

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NEWS FEATURE

SMART SPACE IS COMING A PENRITH DEVELOPMENT LIKE NO OTHER The self-storage industry is experiencing an unprecedented building boom fuelled by a growth in apartment living.

Combined with escalating property prices, the demand for selfstorage and mini-warehousing is seen as a great investment which will continue for many years to come.

Smart Space storage units and mini-warehouses are located in a modern, state-of-the art facility that has been designed with your comfort, convenience and security in mind. With an entry point price of $145,000, it provides a great opportunity to invest in commercial real estate with minimal outlay.

With many small and online businesses operating from home, Smart Space provides an affordable storage and mini-warehouse solution. This secure facility is the ideal space solution for tradespeople, business and homeowners to store tools, archived files, stock, furniture and personal items.

Smart Space is also appealing to hobby enthusiasts or anyone wishing to securely store their boat, water-sport equipment,

Western Property ISSUE NUMBER 379

Western Sydney Publishing Group

caravan or extra vehicles.

Key investment benefits include affordable purchase price, net rental returns of approximately seven per cent with high capital

growth, low outgoings compared to residential property, low maintenance with minimal upkeep and high demand with low vacancy rates.

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

Construction is well underway on Smart Space with completion due in April 2022.

For further information, please contact Yal Kaya on 0421 664 666.

3 MONTHS MANAGEMENT FEE FREE! “THE TESORIERO FAMILY HAVE BEEN SELLING AND LEASING PROPERTIES SINCE 1981 IN THE WESTERN SUBURBS OF SYDNEY.”

(02) 9832 2999 TESREALESTATE.COM.AU www.facebook.com/westernpropertymag

WW46808

Western Property Magazine

3

Ensuring your investment strategy is legally compliant.

For the right advice on For the right advice on purchasing property in your Self-Managed Super Funds Self-Managed Super Fund.

02 9297 2765 | info@smsflawyers.com

www.smsflawyers.com

WW45718

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WW46879

A PENRITH DEVELOPMENT LIKE NO OTHER 1-13 LELAND STREET, PENRITH

SmartSpace Strata Storage Units and Mini-Warehousing From $145,000 – Stamp and Legals paid by Developer • Units range from 30sqm – 121sqm • All units with mezzanines • Occupy or Invest – appx 7% net return with high capital growth • Secure gated estate with 24/7 access

Completion due in April 2022 www.facebook.com/westernpropertymag

For further information, please contact

Yal Kaya on 0421 664 666 or visit https://www.smart-space.com.au Western Property Magazine

WW47035

• Ideal for trades people, boat or caravan owners and personal storage

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ACCOUNTING

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WEALTH

TAX

AUDIT

LEGAL

INSURANCE

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FINANCE

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568-612 Mulgoa Road, Mulgoa

BUY OF THE WEEK

Land Size: 4.32ha

STUNNING HISTORY

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Open for Inspection:

By Appointment Contact: Ray White Nepean Group Robert Norgate • 0422 102 496

This stunning residence dates back to 1919 and has been masterfully restored. Just under 11 acres of opportunity, set against a tree lined backdrop with a creek running the entire length of the Eastern boundary.

The long tree lined driveway, established gardens and spectacular landscaping, warmth, character, and charm immediately set the benchmark for what’s to come and the accommodation options are extraordinary!

This is an incredible investment opportunity in one of Australia’s most rapidly expanding regions and the possibilities are endless!

Inspect now.

HIRIN

G NO W!!!

Seasonal Removalist Work 142 Old Bathurst Rd, Emu Plains | PH 4735 7000 | www.hitchens.com.au www.facebook.com/westernpropertymag

Western Property Magazine

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FIT & STRONG WORKERS REQUIRED 9

Outer Western Sydney AUCTION

63 Boronia Road, Nth St Marys

n r ctio be e Au ecem n sit o hD m 11t :00a 1 at 1

A Dusty Diamond . . .

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OR . . . A Diamond in the Rough . . . ? One way or another, someone is about to secure themselves a AUCTION real big opportunity . . . That’s right, this big six INSPECT Saturday 4th December at 10:30am - 11:00am bedroom home with built-ins, two kitchens, two ADDRESS 63 Boronia Road, Nth St Marys bathrooms, two toilets, two dining areas, a large CONTACT Professionals St Marys 9673 4422 garage and plenty of parking, big rear covered Terry Hansen 0418 245 683 area, good storage and a great yard will be sold one way or another . . . Nicely located across the road from Boronia Park playing fields and not too far from schools, shops, transport and St Marys station . . . Someone is going to get a lot for their money . . .

OPEN HOME

200 Carpenter Street, Colyton

See You At St Marys In This 2 Bedroom Home This 2 bedroom home is situated close to schools, shops and bus stop only a few doors down.

• Home boasts built-in robes to both rooms • Gas kitchen, with dining area as well • External laundry • Detached garage & a fenced rear yard • 601sqm approx. slopes to rear • Tenant paying $330 per week and would like to stay

FOR SALE

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INSPECT Saturday 4th December at 9:30am-10:00am ADDRESS 200 Carpenter Street, Colyton CONTACT Professionals St Marys 9673 4422 Rob Masters 0414 281 291

Looking To Get Into This Ever-Growing Property Market?

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$300,000 - $320,000 INSPECT By Appointment ADDRESS 3/54-55 Park Avenue, Kingswood CONTACT Professionals Erskine Park 9834 3555 Wayne Teudt 0412 462 672

6 Milton Street, Colyton

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Colyton Is A Calling

$719,000 - $769,000

3/54-55 Park Avenue, Kingswood

This apartment had some renovations a few years ago, is well priced & has a long term tenant who is willing to stay. Local school, shops, bus & train transport are within approximately 500m making this 2 bedroom, 1 bathroom apartment with lock-up garage quite appealing for any investor looking for a long-term investment.

OPEN HOME

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This renovated brick veneer 3-bedroom home is Contact Agent sure to impress as it offers such features as: Floating timber floorboards to bedrooms, combined INSPECT Saturday 4th December at 11:30am-12:00pm ADDRESS 6 Milton Street, Colyton tiled living and dining, modern kitchen with a 900mm gas oven, stone benchtops, split system CONTACT Professionals St Marys 9673 4422 A/C unit , alarm system, modern bathroom , greatRob Masters 0414 281 291 sized front and rear yards on an approx 563 sqm block, single garage and carport, great tenants wanting to stay on.

OPEN HOME

5 Dobell Circuit, St Clair

Thinking . . . Looking . . . Ready To Buy? We have the perfect home for you!! Featuring: • 4 bedrooms • 2 bathrooms • Multiple living areas • Timber kitchen with dishwasher & serving window • Ducted air • Covered entertainment area with spa & water feature • Fully fenced yard • Single garage, double carport & tandem carport All set on approximately 625m2 block.

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Contact Agent INSPECT Saturday 4th December at 2:00pm – 3:00pm ADDRESS 5 Dobell Circuit, St Clair CONTACT Professionals Erskine Park 9834 3555 Wayne Teudt 0412 462 672

professionalsouterwesternsydney.com.au WW45692

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Outer Western Sydney OPEN HOME

46 Tiger Street, Silverdale

Dual Income Opportunity OR A Spectacular Big Quality Home For You And The Extended Family . . .

This beautifully-styled home is simply breathtaking and complete with some of the most modern designs and quality features you could ask for . . . You may be missing this outstanding opportunity if you don’t take the time to view this spectacular four bedroom home with ensuite, walk-in pantry, R/C ducted air conditioning, internal access to the double garage and a great two bedroom second dwelling with independent access and fitted out to the nines . . . There is so much more I could say, but I feel you are best to come and have a look for yourself, you will not be disappointed . . .

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Just Listed INSPECT Saturday 4th December at 11:00am - 12:00pm ADDRESS 46 Tiger Street, Silverdale CONTACT Professionals St Marys 9673 4422 Terry Hansen 0418 245 683

professionalsouterwesternsydney.com.au WW45693

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Penrith Greater Region and Blue Mountains 35 Annett Street, Emu Plains

FOR LEASE

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Family Home In A Great Location!

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• Just a short walk to Nepean River, Lennox FOR LEASE Shopping Centre and Emu Plains Station RENT $590 per week • Three bedrooms all with built-in wardrobes • The fourth bedroom is separated from the other ADDRESS 35 Annett Street, Emu Plains CONTACT Professionals Penrith 4725 3100 three with its own bathroom and lounge area (Kitchenette no oven) • A garage with under cover area at rear and carport all on an easy low maintenance block

FOR LEASE

5/149-151 Derby Street, Penrith

Extra Spacious Townhouse • Walk to Nepean Hospital, schools, train station & Penrith CBD • Fully tiled downstairs to the main living area and kitchen along with a third toilet and the laundry • Dining area opens up to a lovely verandah overlooking the courtyard • Air conditioning, new vanities, ceiling fans to bedrooms and a garage and carport

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FOR LEASE RENT $500 per week ADDRESS 5/149-151 Derby Street, Penrith CONTACT Professionals Penrith 4725 3100

FOR LEASE

Everything You Need!

6 L’Estrange Street, Werrington

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2

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• Situated in a great location near local shops and FOR LEASE transport RENT $550 per week • This beautiful home includes an under cover ADDRESS 6 L’Estrange Street, Werrington entertaining area • Modern kitchen with gas stove-top and dishwasher CONTACT Professionals Penrith 4725 3100 • Internal laundry with additional toilet downstairs

FOR LEASE

5 Minutes To Penrith CBD! • This two bedroom top floor unit has a single carport • Situated in perfect location, just a short walk to transport, schools and shops • Brand new carpet and new air conditioner • Intercom security and modern kitchen

17/175 Derby Street, Penrith

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FOR LEASE RENT $280 per week ADDRESS 17/175 Derby Street, Penrith CONTACT Professionals Penrith 4725 3100

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

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OPEN HOMES ADDRESS

SUBURB

TIME

OPEN HOMES

PROPERTIES FOR RENT AGENT

SUBURB Saturday 4th December

AUSTRAL

DESCRIPTION

RENT

AGENT

3 br house

$500pw

47321 000 Raine & Horne Penrith

$600pw

9673 4422 St Marys Professionals

3 br home

$470pw

9673 4422 St Marys Professionals

4 Bedroom House

$950pw

4725 3100 Penrith Professionals

Erskine Park

2 br grannyflat

$350pw

9673 4422 St Marys Professionals

Erskine Park

5 br home

$650pw

9673 4422 St Marys Professionals

4 br house

$585pw

47321 000 Raine & Horne Penrith

Kingswood

2 r unit

$300pw

4725 3100 Penrith Professionals Real Estate

Kingswood

2 br unit

$240pw

4725 3100 Penrith Professionals Real Estate

2 br grannyflat

$370pw

9673 4422 St Marys Professionals

Penrith

3 br house

$450pw

47321 000 Raine & Horne Penrith

Penrith

3 br townhouse

$500pw

4725 3100 Penrith Professionals Real Estate

Penrith

2 br unit

$280pw

4725 3100 Penrith Professionals Real Estate

Penrith

2 br townhouse

$340pw

4725 3100 Penrith Professionals Real Estate

Penrith

1 br unit

$370pw

9673 4422 St Marys Professionals

3 br apartment

$430pw

9673 4422 St Marys Professionals

3 br house

$520pw

4725 3100 Penrith Professionals Real Estate

2 br unit

$320pw

9673 4422 St Marys Professionals

3 br grannyflat

$375pw

9673 4422 St Marys Professionals

3 br home

$340pw

9673 4422 St Marys Professionals

AGNUS BANKS Agnes Banks

CLAREMONT MEADOWS 94 Seventeenth Ave Austral

12:30 - 1:30pm Professionals Erskine Park Claremont Meadows 4 br home

CASTLEREAGH

COLYTON

94-104 Sheredan Rd Castlereagh

2:30-3pm

Raine & Horne Penrith

Colyton

CRANEBROOK COLYTON

Cranebrook

200 Carpenter St

Colyton

9:30 - 10am

Professionals St Marys

6 Milton St

Colyton

11 - 12:00pm

Professionals St Marys

ERSKINE PARK

JORDAN SPRINGS

EMU PLAINS

Jordan Springs 9 Bellbrook Ave

Emu Plains

12-12:30pm

Raine & Horne Penrith

KINGSWOOD ERSKINE PARK

15 Columba Pl

Erskine Park

10 - 10:45am

Professionals Erskine Park

MOUNT DRUITT NORTH ST MARYS

63 Boronia Rd

Mount Druitt

Nth St Marys

10:30 - 11am

Professionals St Marys

PENRITH

52/42-44 Lethbridge St Penrith

11-11:30am

Raine & Horne Penrith

SILVERDALE

46 Tiger St

Silverdale

11 - 12:00pm

Professionals St Marys

PENRITH

ROPES CROSSING Ropes Crossing

ST CLAIR

SOUTH PENRITH

27 Amazon Pl

St Clair

11 - 11:45am

Professionals Erskine Park

6 Cassia Cl

St Clair

1 - 1:45pm

Professionals Erskine Park

South Penrith

SOUTH WINDSOR South Windsor 5 Dobell Cir

St Clair

2 - 3:00pm

Professionals Erskine Park

ST MARYS St Marys

ST MARYS WILLMOT 1/57 Mamre Rd

St Marys

3-3:30pm

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Raine & Horne Penrith

Willmot

Western Property Magazine

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

Dual Key Dual Key

52+1 3 1+1 2

3+1

QueenslandDual3Key 2 Tamworth

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

12+2 + 31+1 2 1+1 1

NEW

• 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

Luxury Inclusions Potential Rent Return: $510pw

LITSA MELETI Want to know more?

Call me on 0466 969 164 Your Investment Specialist

Happy Vendor Buyer WHAT A CHAMPION AGENT I think most people worry about the magnitude of decisions when buying and selling property. Well all those worries are very quickly placed at ease when dealing with Litsa Meleti. What became immediate was her superior market knowledge not only of my suburb, but right across greater Sydney. I did my homework and got valuations from 4 other agents before Litsa arrived. Her service and communication was absolutely wonderful, and has continued after the sale to the point of helping me find a couple reputable tradesman, and she is now selling my closest friend’s home. Just a wonderful experience, and she will be the go-to agent for my extended family going forward.

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

155/25-31 Hope St, Penrith

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1.5

Penrith Gwandalan

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2 22.5 2+2

Just Listed

Title: Penthouse-style Apartment close to Nepean Hospital

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

Luxury Apartment 3 minutes walk to Penrith Station

Inspection: Sat 1-1:30pm

LITSA MELETI Want to know more?

Call me on 0466 969 164 Your Investment Specialist WW46208

Put Our Winning Team to Work 14

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

www.facebook.com/westernpropertymag

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

29 Alam Street, Colyton 3

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

2.5

1+4

THE ENTERTAINER Inspection: Call Litsa

MOVE-IN-READY HOMES

Twin Creeks, Luddenham 5

LUXURY - GUIDE $4.4M Living area: 600m2 Land area: 11,000m2

3.5

10+10

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

550 SQM AND 612 SQM LOTS AVAILABLE

Image for illustration purposes only

Image for illustration purposes only

Don’t wait for months while your new home is being built – just call us to view our move-in-ready homes – many to choose from.

Gas cooktops. Floor-to-ceiling tiled bathrooms. Modern kitchen.

Ducted Air-Conditioning.

ALANA NEVILLE Dishwasher included.

M: 0497 848 414 Good locations.

E: alananeville@remax.com.au

Prestige Estate in Claremont Meadows. Easy access to both proposed Metro Rail Station at Orchard Hills and M4 Eastbound on-ramp. Single storey 3, 4, 5 & 6 BR Designs and 5 BR Double Storey Designs. Ducted Air-Conditioning.

VICTOR BORG High End Finishes. 900mm Gas Cooktop.

M: 0439 755 081 Dishwasher.

E: victorborg@remax.com.au

AUCTION THIS SATURDAY: 48 CURRAWONG CRESCENT, LEONAY

Auction: Sat 4th Dec @12pm

5+

3

2+

LIFESTYLE LIVING Land size: 1017m2 Inspection: Saturday 11:30-12:15pm PHIL HALEY & GIZZELLE POWELL M: 0412 355 020 / 0428 934 618 | E: philhaley@remax.com.au WW46209 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

15

IN CASE OF

EMERGENCY

LAWN MOWING FRANK MICALLEF

0413 251 174 FRANKMICALLEF64@GMAIL.COM • LAWN MOWING • TRIMMING OF SMALL SHRUBS • EDGING • BLOWER CLEAN UP BEAUTIFUL PROFESSIONAL JOB EVERY TIME

Covering all areas of plumbing, drainage, gas fitting & excavations.

Specialising in new residential work, construction and maintenance.

P: (02) 4711 4330 Email: enquires@newlineplumbing.net.au p g Website: newlineplumbing.net.au

WW46224

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Western Property Magazine

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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

WW46521

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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PERSONAL LEGAL SERVICES t 1SPQFSUZ BOE $POWFZBODJOH t 8JMMT 1SPCBUF "ENJOJTUSBUJPO t &TUBUF 1MBOOJOH

t "TTFU 1SPUFDUJPO 1MBOOJOH *NQMFNFOUBUJPO t /PUBSJBM 4FSWJDFT

As well as acting on the conveyance of property in NSW, we also act for NSW residents who wish to purchase or sell property in Victoria, ACT and Queensland

t 1MBOOJOH &OWJSPONFOU -BX t 0) 4 -BX t $PNNFSDJBM "EWJDF t %FCU 3FDPWFSZ #BOLSVQUDZ *OTPMWFODZ -BX t $PSQPSBUF -BX (PWFSOBODF t &NQMPZNFOU t #VTJOFTT -BX t *OEVTUSJBM -BX t *OUFMMFDUVBM 1SPQFSUZ t 3FUBJM $PNNFSDJBM *OEVTUSJBM -FBTJOH Suite 1, 86 Henry Street, Penrith 2750

info@grassiassociates.com.au

Solicitor Director: Joseph M Grassi Dip Law (SAB) LLM Accredited Specialist Property Law Notary Public Solicitor: Grant Wiblin LLB, BSocSc, GDipLegalPrac Licensed Conveyancer: Wendy Harvey | Office Manager: Lois Grassi | Administration: Emily Beal

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Western Property Magazine

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Commercial Legal Services

We’ve got an App for that!

Member

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Builders & Demolishers

4

NEW Waste Recycling Facility in Emu Heights!

Construction C t ti & D Demolition liti lit W Waste t |G Green Waste | Timber | Bricks & Concrete

EPA Licence No. 21507

CHEAP RATES

FRIENDLY STAFF WHO HELP YOU UNLOAD

No Dust No Poth oles No Nails

Fast Tipping Times

Safe & Clean Facility

– In & O ut in U nd e r

Call us on 9030 5999

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25 Bromley Rd, Emu Heights (2 mins off the M4 at Russell St) recycleassist.com.au | sales@recycleassist.com.au | Mon-Fri 7-5 Sat 9-1

20 Western Property Magazine

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Get started

www.upaus.com.au Would you like to know the value of your home in the current market?

Don’t hesitate to get in touch with me today.

I look forward to meeting you.

Nick Rigas 1/21 Lavin Crescent Werrington County NSW 2747 m. 0401 560 116 e. nickrigas@theagency.com.au w. theagency.com.au WW44218

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21

BROKING BREAKDOWN

RATES ON THE RISE? NEW ZEALAND A KEY INDICATOR

MARK STEVENSON BELLPARTNERS.COM

While Australia’s central bank insists official interest rates won’t be moving up next year and could stay on hold until at least 2024, their counterparts across the Tasman have already lifted rates and could hike another seven times over the next two years.

The Reserve Bank of New Zealand (RBNZ) last week became the first central bank among developed nations to increase the cash rate twice during 2021 in response to runaway inflation and an overheating economy fuelled by booming property prices.

The RBNZ moved the rate from 0.5% to 0.75%, already much higher than the Reserve Bank of Australia’s official rate of 0.1%.

Although we have intense sport-

ing rivalries with our friends and neighbours across ‘The Ditch’, Australian mortgage holders don’t want to see the RBA try to outdo the New Zealanders with interest rate increases.

Economic conditions in New Zealand are also more extreme at the moment than Australia.

The RBNZ has forecast inflation to run above 5.0% for the next three quarters, peaking at 5.7% in March 2022, because of higher oil prices, rising transport costs and the impact of supply shortfalls.

Housing is also a component of NZ’s inflation problem.

RBA Governor Dr Philip Lowe doesn’t yet see the same issues in Australia, where underlying inflation was 2.1% in the September

quarter, 2021, and well within the central bank’s target range of between 2-3%.

Despite repeated comments from Dr Lowe, bond investors are still banking on the RBA to follow New Zealand and another nation which has tightened rates, South Korea, sooner than expected.

They are betting the RBA will raise rates as soon as May next year, way ahead of the Governor’s guidance for 2024.

Governor Lowe last month opened the door slightly on future rate rises by saying economic conditions to warrant a lift in the RBA’s cash rate could be “appropriate in 2023”.

No change is expected when the RBA board meets next week.

Penrith TV Antenna Service YOUR LOCAL ANTENNA GUY TV Antennas TV & Data Points WIFI & NBN Upgrades & Repairs TV Mounting Pensioner Discounts

22

Western Property Magazine

Call WW45435

Contact Joe on 0404 043 333 or info@treekings.com.au www.treeking.com.au

WW44220

• Tree Removal • Mulching • Tree Pruning • Wood Chopping • Stump Grinding • Emergency • Land Clearing Work

47 49 49 14 3 year war rant

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BATHROOM &

www.austileceramics.com.au

TILES CENTRE With You Every Step Of The Way

THINKING OF RENOVATING YOUR BATHROOM? Pop in-store and talk to our sales team ✓ Tiles ✓ Mosaics ✓ Baths ✓ Taps ✓ Vanities ✓ Toilets ✓ Bathware ✓ Outdoor Pavers ✓ Hybrid Flooring

LARGE SELECTION OF TILES AND BATHROOMS ON DISPLAY 44 Regentville Road Jamisontown (cnr Abel St)

4721 0622 sales@austileceramics.com.au WW46864

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Western Property Magazine

23

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MERSON’S NVIROCARE PEST MANAGEMENT SERVICES Solar Panels have become a major problem for home owners. Pigeons & other bird species can nest below solar panels creating major hygiene & power efficiency problems. Bird droppings can spread disease and can also block gutters and downpipes, Irritating itches and rashes caused from annoying bird lice. Then there’s the constant noises associated from baby and adult birds feeding.

Do you have Solar Panels on your roof?

Are you having problems with pigeons?

Call Emerson’s Envirocare Pest Management Services

IF IT’S A PEST PROBLEM WE’LL FIX IT PO BOX 480 Kingswood NSW 2747 www.emersonsenvirocaresydney.com Emerson’s Envirocare Call us today for a free quote 1800 600 760 24

Western Property Magazine

WW46560

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