Western Property June 9 2023

We have dealt with Trent on 3 seperate occasions when buying and selling homes and can honestly say that he has always giving me the confidence in knowing that we have the best agent for the job. The whole process of buying or selling a home can be daunting but Trent always made the whole experience a breeze , always kept me well informed with any updates. Highly recommend one agency for selling / purchasing or leasing a property.

– Seller in Werrington downs

Scan OR for full list of Trent’s sold properties Mobile: 0408 499 171 Email: trentwaters@oneagencypenrith.com.au One Agency Penrith 0408 499 171 Shop 1/344 High St, Penrith oneagency.com.au/penrith

2 Venus Close, Cranebrook 12 Binalong St, Jordan Springs

38 FOR SALE SOLD

Warburton Cres, Werrington County PROPERTIES FOR SALE RECENTLY SOLD PROPERTIES

29 Ben Nevis Road, Cranebrook TRENT WATERS

8 Dallas Ave, South Penrith

My husband and I flip houses locally and have always gone straight to Trent to buy and sell 6 properties in 10 years. His knowledge of the realestate industry is 2nd to none. He is reliable, honest and always gets the job done. Overall Trent is a top bloke and has became a real mate. Thanks Trent

– Seller in Cranebrook

A record number of Australian homeowners are struggling to pay their mortgage, according to new research by Finder, Australia’s most visited comparison site.

A staggering 40 per cent of Aussie mortgage holders – equivalent to 1.32 million

households – admit they struggled to pay their home loan in May.

This is the highest proportion recorded since Finder began tracking the question in 2019.

The percentage of those struggling to pay is up from 24 per cent –or 792,000 households – 12 months ago in May 2022.

Graham Cooke, head of consumer research at Finder, said panic was starting to set in.

“Many are facing the frightening prospect of defaulting on their loans and potentially losing their homes,” he said.

“If you haven’t already, try to negotiate a lower rate with your lender. If you

don’t get it, it might be time to refinance somewhere else.”

Finder’s data shows mortgage stress is most prevalent among women, with a worrying 47 per cent of women struggling to pay their home loan in May, compared to 32 per cent of men.

Millennial homeowners are hardest hit – a sizable 49 per cent admit they are having trouble paying their mortgage repayments, compared to 33 per cent of Gen X.

Finder has released its new free Mortgage Stress Calculator to help Aussies take control of their financial situation by understanding the amount of wiggle room in their home loan.

The Mortgage Stress Calculator is unique in that it not only shows users where a homeowner stands financially, but also how much of an interest rate rise they can cope with in the future.

Cooke said the free tool will help Aussies get an individual understanding of their financial situation by taking into account a range of factors.

“We believe this tool will be a valuable resource for anyone looking to manage their home loan and take control of their financial future,” he said.

Head online and visit https://www. finder.com.au/mortgage-stress to use the calculator.

Excellent

Very Happy Sellers

“ Highly recommend Gizzelle! I have purchased my home and Gizzelle was the agent back then which was a great experience and then I have since sold my house and used Gizzelle for the sale. Both buying and selling with Gizzelle has been an easy and stress-free experience. ”

– Verified by RateMyAgent

Very Happy Seller

Excellent Agent

Many thanks to Litsa and the team at RE/MAX Lifestyle Marketing for the amazing job selling the property. We were very impressed with Litsa’s professionalism, knowledge, and amazing communication skills with us and the buyers. Dealing with many agents through my work Litsa surely must be in the top 5 agents. Thanks again for the very hard work you put in and achieving a great result, well done!

– Verified by RateMyAgent

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

CALLING ALL FIRST HOME BUYERS!

What is so great about this property? This top floor unit has a real inviting appeal to it with its modern style flooring combined with neutral interior colours. It has everyone one could wish for in a one bedroom unit.

Who does this property suit? This unit is ideal for any first home buyer wanting to break the rental cycle and buy a property at a very affordable price.

Tell us about the suburb the property is in? The position of this unit could not be any better being so relatively close to the Kingswood railway station, Nepean Hospital, Western Sydney University, local shopping complex, Kingswood Bowls Club, local parks and bus stops.

OPEN HOME

One

• Fantastic top floor 1 bedroom unit

• Spacious open living design

• Modern floor coverings & paintwork

• Great-sized 1 bedroom with ensuite access

• Private outdoor balcony with Northern aspect

Member Name Goes Here

Penrith Greater Region and Blue Mountains

18/9-11 Santley Crescent, Kingswood

$310,000 INSPECT

Street, Penrith FOR SALE

• Stunning modern 2 bedroom unit

• Spacious open living design

• Gorgeous modern kitchen with S/S appliances

• 2 great sized bedrooms, stylish ensuite to main

• Large balcony with northern aspect

• Currently returning $380 per week in rent

$529,950

OPEN HOMES & RENTAL PROPERTY GUIDE

PRESSURE ON RBA TO KEEP PUSHING RATES HIGHER

Higher than anticipated inflation is putting more pressure on the Reserve Bank of Australia (RBA) to continue punishing borrowers with interest rate increases.

Inflation jumped from 6.3 per cent to 6.8 per cent in April due to rising rents and higher transport costs following the end to the temporary cut in fuel excise. In response, the RBA at its June meeting lifted the cash rate 25 basis points to 4.10 per cent.

The decision by the Fair Work Commission (FWC) to award millions of Australia’s lower paid workers a pay rise is also expected to add to the inflationary pressures going forward.

In its annual wage review for the estimated 184,000 workers who receive the national minimum wage as well as those on award rates of pay, the FWC lifted wages by 5.75 per cent, with most changes due to come into effect in the first full pay period on or after July 1. While inflation has stayed below the 8.4 per cent peak reached last December, the RBA is increasingly concerned price pressures could prove persistent as wages growth accelerates.

Citi Australia Chief Economist Josh Williamson said the monthly price movements were higher than expected and silenced any concern the RBA has over-stepped the mark with

its relentless rate rises since May last year.

“We now see upside risks to our June quarter inflation forecast of 1.3 per cent given that services inflation across the remaining months will likely be sticky too,” he said.

RBA Governor Dr Philip Lowe (pictured above) told senators in Canberra it would be difficult to engineer a return to the central bank’s two to three per cent inflation target if unit labour costs – the difference between wages growth and productivity growth – kept growing at rates of 3.5 per cent to four per cent. Dr Lowe has warned if labour productivity growth does not increase, then current levels of wages growth and large minimum wage rises are inconsistent with low inflation.

Federal Treasurer Jim Chalmers is yet to announce whether Dr Lowe’s term as RBA Governor will be extended beyond September, saying he will decide by around the middle of the year. Odds favour him being replaced.

REAL ESTATE FLASHBACK

We look back at some Penrith restaurants from the past . . .

THE OLD BEEF AND BARRAMUNDI RESTAURANT ON TENCH AVENUE, NOW HOME OF THE EAST

DO YOU REMEMBER THE OLD TAKEAWAY SHOP ON THE CORNER OF HIGH AND LAWSON STREETS?

BANK RESTAURANT PRECINCT.

THE KEG WAS LOCATED ON THE CORNER OF HIGH AND EVAN STREETS IN PENRITH.

THE WHITE SWAN WAS A FAMILY FAVOURITE ON HIGH STREET IN PENRITH.

THIS PHOTO WAS TAKEN IN THE 1980 s AND SHOWS LA BOUDEUSE FRENCH RESTAURANT UPSTAIRS AT 542 HIGH STREET, PENRITH.

THE BLACK STUMP WAS LOCATED AS PART OF NEPEAN SQUARE ON STATION STREET.

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8 Econo Place, Silverdale

Mon-Fri: 9:30am-5.30pm | Sat: 8am-1pm 4774 0749

Mon-Fri: 9:30am-5.30pm | Sat: 8am-1pm

Dog, Cat, Bird, Horse, Chicken and Stockfeed.

8 Econo Place, Silverdale

8 Econo Place, Silverdale

We sell various types of animal feed including Dog, Cat, Bird, Horse, Chicken and Stockfeed.

OPENING HOURS

We sell various types of animal feed including Dog, Cat, Bird, Horse, Chicken and Stockfeed.

We also sell Firewood and Pool Chemicals.

4774 0749

We sell various types of animal feed including Dog, Cat, Bird, Horse, Chicken and Stockfeed.

8 Econo Place, Silverdale

We also sell Firewood and Pool Chemicals.

Mon-Fri: 9:30am-5.30pm | Sat: 8am-1pm

We sell various types of animal feed including

8 Econo Place, Silverdale

We also sell Firewood and Pool Chemicals.

We also sell Firewood and Pool Chemicals.

DOG WASH, POOL TESTING AND MACHINE H IRE ALSO AVAILABLE

We sell various types of animal feed including Dog, Cat, Bird, Horse, Chicken and Stockfeed.

DOG WASH, MACHINE H

TESTING ALSO AVAILABLE

We also sell Firewood and Pool Chemicals.

0749 Silverdale

OFFERING A FULL RANGE OF COLORBOND®, PRIVACY & SECURITY FENCING

We sell various types of animal feed including Dog, Cat, Bird, Horse, Chicken and Stockfeed.

TESTING ALSO AVAILABLE

We also sell Firewood and Pool Chemicals.

We we manufacture, powder coat, supply and install any fence type to what you desire.

AND MACHINE

WE CAN DO IT FOR YOU!

Check out our own Colorbond: “Ozzybound”