Western Property June 4 2021 by Western Sydney Publishing Group

FOR THE HOME OWNER, THE HOME SELLER AND THE HOME BUYER ISSUE 353

the western weekender

Western Property

TIME TO INVEST SPECIAL FEATURE SERIES CONTINUES

STARTS PAGE 18

CHILDCARE UPGRADE

OPEN HOMES & RENTALS GUIDE

DEVIL IS IN THE DETAIL

SEE PAGE 3

SEE PAGE 13

SEE PAGE 16

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

Kassandra Richards 0405 329 851

Alana Neville 0497 848 414

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PUT OUR WINNING TEAM TO WORK NOBODY IN THE WORLD SELLS MORE REAL ESTATE THAN RE/MAX.®

BINET HOMES A L C O R N M E W S E S TAT E

Hawkesbury’s most prestigious address.

NOW SELLING

30 Wells Street Pitt Town

2 Mahony Street Pitt Town

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Display Home : 24 Wells Street Pitt Town Inspect : Wednesdays 10am - 12pm | Saturdays & Sundays 11am – 4pm M A S T E R B U ILT L U X U RY H O M E S S I N C E 1 9 6 5

9868 3222 | binethomes.com.au 2

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NEWS FEATURE

CENTRE GETS NEW LOOK COUNCIL INVESTS IN CHILDCARE UPGRADE Strauss Road Children’s Centre at St Clair is looking fresh and welcoming thanks to a substantial revamp by Penrith City Council. A facelift to the exterior of the building has given it a contemporary appeal which is topped off with extensive landscaping. Worth nearly $200,000, the project was funded solely by Council and works were completed by local builder Coverit over a three-month period. Penrith Mayor Karen McKeown said she was very impressed during her latest visit to the Centre.

“IT HAD INSTANT STREET APPEAL”

“I enjoy regularly getting out to catch up with our City’s youngest residents and when I attended Strauss Road Children’s Centre

Western Property ISSUE NUMBER 353

Produced by The Western Weekender

recently it had an instant street appeal,” Cr McKeown said. “With so many families relying on the work of our Council-run Centres scattered around our LGA, it is important that we create spaces that are welcoming for children – to ensure that they feel comfortable when in care and look forward to returning. “The significant upgrade of Strauss Road Children’s Centre is an example of Council’s re-invest-

ment in our facilities, as we work towards a long-term vision and strive to continue delivering affordable, high quality services to our community.” The project saw various external upgrades, including painting the walls and the roof, vitrapanel cladding and external signage, new gutters and downpipes, new entry fencing and gates, and tiling on the front veranda. Landscaping in the rear yard

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

included retaining work and land stabilisation, while the front yard received new access paths, retaining walls, garden beds, planting and an irrigation system. Strauss Road Children’s Centre offers Long Day Care for babies through to children aged six. Council runs 45 not-for-profit services across the City, with 25 of those being Childcare Centres. Visit penrith.city/childcare to find out more.

For all your spa service needs Matt:

0407 700 981

• • • • • •

Spa Filters Chemicals Spa Heaters Maintenance Friendly Advice Service & Repair

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S P A• S E R V I C E S

• Electronic Control Panels • Spa Pumps • Air & Water Jets / Blowers

E: platinumspaservice@gmail.com | www.platinumspaservices.com.au www.facebook.com/westernpropertymag

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

Central Coast

Duplex or Dual Key

Dual Key

DUPLEX OR DUAL KEY TURNKEY

EXCELLENT INVESTMENT: DUAL LIVING!

• Investors

• 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

2 rental incomes, capital growth

• All included in price: landscaping, driveways, separate gas, water & electricity meters, aircon, & more • Potential combined rent $750+p/w

LITSA MELETI Want to know more? Call me on 0466 969 164 Your Investment Specialist

Sale : $488,900 Inspection: By Appointment GIZZELLE POWELL M: 0428 934 618 E: gizzellepowell@remax.com.au

Approximate Rental return: $600-$660pw

Very Happy Buyer Above and Beyond I have been a client of Litsa’s for the very first time. Litsa encouraged me to put forward an offer on my first inspection of the property. Yikes, I was freaking out! During my house purchasing journey with Litsa, I’ve found her to be consistent, persistent, a problem solver, a master of communication, has a can-do attitude, nothing is ever too big a problem, she just gets stuff done. Litsa has gone way above and beyond for me. She has held my hand every inch of the way and honestly, if it were any other agent, I’m not sure I would have been in as good a hands. I recommend Litsa as a person who will ensure you get what you want, a person who will be by your side until the end of the deal and a person who is after all, a people person. Thank you Litsa, you’re truly appreciated for all your efforts. Verified by RateMyAgent

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

SO MIN ON G

Ideal for first home buyers or astute investors CRANEBROOK

SO MIN ON G

Big block with huge potential PENRITH

Call or SMS Gizzelle Powell on 0428 934 618 for further info

LAND SIZE: 1042m 1042m2

Call or SMS Gizzelle Powell on 0428 934 618 for further info

LAND SIZE: 828m 828m2

1 WW43849

Put Our Winning Team to Work 4

Phil Haley 0412 355 020

Western Property Magazine

Litsa Meleti 0466 04 969 164

Gizzelle Powell 0428 934 618

Paul Tanner 0410 587 553

Victor Borg 0439 755 081

Kassandra Richards 0405 329 851

Alana Neville 0497 848 414

Peter Parker 0408 432 998

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INVESTMENT OPPORTUNITIES: BY LITSA MELETI NE EW W

2.5

LITSA MELETI & ALANA NEVILLE M: 0466 969 164 / 0497 848 414 E: litsameleti@remax.com.au

FOR F O R THE TH E INVESTORS IN V ESTOR S 4

2 2 PLUS 2 1

Currently rented Potential Rental Yield: 5.2% Newly built LITSA MELETI & PETER PARKER M: 0466 969 164 / 0408 432 998 E: litsameleti@remax.com.au

ACR AC RE EAGE AGE FOR SALE S A LE – 2 2 HEC H ECTA TARES R ES Features: - Main house: 5 bedrooms 2 bathrooms carports and garages - Irrigation licence: water pumping rights from Nepean River - Ducted reverse air conditioning - Solar panels - Wood stoves - Solar heated indoor pool - Covered walkway to indoor pool - Self-contained double storey cottage - Timber cabin with separate bathroom - 200 - 320m2 approx sheds - Bore - 298 metre frontage - 2 driveways

Litsa Meleti 0466 969 164 litsameleti@remax.com.au www.facebook.com/westernpropertymag

If you are considering selling your property, please contact Litsa Meleti today for a confidential discussion and market appraisal. Western Property Magazine

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Contact Litsa Meleti Today, these houses won’t last long on the market!

PROPERTIES BY GIZZELLE POWELL 2/90 Cambridge Street CAMBRIDGE PARK

rs Bef So t O or ld pe e t n he Ho m e

SO OF S L F M OL O DB A D pe ef RK n or ET Ho e m Fir : e st

46 Manning Street KINGSWOOD

ZONED R3 PRICE: $886,000

+ Study

1.5

3 BEDROOM DUPLEX PRICE: $644,000

20 Frogmore Road ORCHARD HILLS

3+2

1+1

INSP: SAT 11:15 - 12:00PM

81 Doonmore Street PENRITH

ar un 2 B t o it R f K In in the gs w oo d

ho F m ree e, st no an st din ra g ta fe e

1/25 First Street KINGSWOOD

INSP: SAT 9:30 - 10:00AM

O + D cc Du ua upa al l In nc co ies m e INSP: SAT 12:30 - 1:00PM

Ac bi rea do ap g s ge g pro he ke v d nn ed el s

53 & 53A Russell Street EMU PLAINS

INSP: SAT 10:30 - 11:00AM

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Contact Litsa Meleti Today, these houses won’t last long on the market!

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

Looking for Strata Property Investments in high growth areas? Call Alana Neville on 0497 848 414 Pinnacle Stage 1 shown

ALL AT YESTERDAY’S SYDNEY HOME PRICES Central Coast Hunter SEA CHANGE OR INVESTMENT? Talk to us Many more locations CALL ALANA NEVILLE NOW ON 0497 848 414

PLANNED PRESTIGE ESTATE

BUILD TO YOUR PLANS OR OURS ESTATE OPEN Saturday and Sunday 12:00 - 2:00pm Entry Silkwood Avenue, CLAREMONT MEADOWS Enter via White Cedar Ave & Redgum St due to roadworks 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

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CALL ALANA NEVILLE NOW ON 0497 848 414 7

$3,000

CASH BACK

Available for refinance of loans of at least $250k with a max. LVR of 80%.

Plus some really great rates

89% 1.

Discounted 2-Year Fixed Home Loan Rate*

P.A.

05% 3. Comparison Rate^

P.A.

Min. $150k new owner-occupied principal & interest lending with a max. LVR of 80%.

Whatever your reason to refinance, there’s never been a better time to talk to BOQ.

BOQ Penrith

Credit provided by Bank of Queensland Limited ABN 32 009 656 7 40 (BOQ) Australian Credit Licence Number 244616. Fees and charges payable. BOQ’s standard credit assessment criteria apply. Full terms and conditions at any BOQ branch. Interest rates quoted are indicative only, and are subject to change without notice. *Discount Fixed Rate offer is available for applications received from 26/03/2021 for Owner Occupier new home loan lending only and is not available for refinance or restructure of existing BOQ facilities. LMI may apply. Not available for construction loans. At the end of the fixed rate period, the interest rate will convert to the clear path variable interest rate. Fixed interest rates may vary between application and drawdown of the loan. A The comparison rate is calculated on the basis of a secured loan of $150,000 for a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Information current as at 31/05/2021. # Special limited time $3,000 cashback offer only available for new refinance applications received from Saturday, 29 May 2021 until Sunday, 27 June 2021, settle by Friday, 24 September 2021. This offer is open to Australian residents aged 18 and over who are personal customers taking out a new home loan with BOQ, refinanced from another financial institution. Offer available on BOQ’s Clear Path, Economy, Intro Rate, or Fixed Rate home loan products only. Not available for the refinance, restructure or switches of home loans within BOQ Group, which includes BOQ, Virgin Money (Australia) and BOQ Specialist. An applicant will be eligible for a maximum of one cashback payment during the offer period, regardless of the number of loan applications they are party to, provided the total amount drawn at settlement across all loans is at least $250,000. The cashback will be paid to the applicant’s BOQ transaction account within 30 days of the settlement date. For multiple home loan applicants the BOQ account needs to be in the name of at least one of the home loan applicants and the cashback will be paid only once to the applicants jointly. If you do not have an existing BOQ transaction account, one must be opened. This offer can be amended and/or withdrawn by BOQ at any time without notice. Applicants should seek their own tax advice in relation to the receipt of a cashback on settlement.

Western Property Magazine

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Lachlan Waters, Lending Manager 0427 998 111 Emilie Walker, Lending Manager 0416 723 967 4723 7650 penrith@boq.com.au facebook.com/penrithboq boq.com.au

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6 Hazel Bark Road, Glenmore Park

BUY OF THE WEEK

PRESTIGE PLUS!

Price: AUCTION

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

What makes this property stand out? Everything about this property stands it out! Prestigious location, huge block, triple garage with side access and a long list of impressive features and high end finishes. Who should buy this property? This really is the ultimate upgrade opportunity for growing families and those who love to entertain. What’s the suburb like? Glenmore Park is undoubtedly the most popular suburb in the Nepean region for growing families and ‘Mulgoa Sanctuary’ is the estate’s premier sub division! Call Robert on 0422 102 496 to arrange your inspection.

Boxes from

$ .50

• REMOVALS • SELF STORAGE • TRUCK HIRE • 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

Outer Western Sydney OPEN HOME

158 Explorers Way, St Clair

Strolling Into St Clair

• Brick veneer home located on the high side of the $609,000 - $659,000 street with 3 generous sized bedrooms • L-shaped lounge & dining area with split system air con • Kitchen INSPECT Saturday 5th June at 10:00am - 10:30am ADDRESS 158 Explorers Way, St Clair with gas cooking • Internal laundry • Single lock-up garage • Under cover entertaining area • Close to CONTACT Professionals St Marys 9673 4422 school, shops, parks, M4 on ramp and new industrial Rob Masters 0414 281 291 area at Erskine Park • Tenants paying $380 per week and would love to stay on

OPEN HOME

114 Wilkes Crescent, Tregear

5 Beds plus 4 Bathrooms This is your opportunity to renovate this large family home and reap the rewards. The house itself has ﬁve bedrooms and three bathrooms whilst the double detached brick garage has its own bathroom and laundry. You will be disappointed if you miss out on this oversized property for your family or as a great investment.

FOR SALE

Pendle Hill

2 Spacious 2 BR Apartment - Convenient Location 2 Looking for a great size apartment in a convenient $419,950 - $439,950

location? Then don’t miss the opportunity to consider INSPECT By Appointment this spacious open plan 2 BR unit with BIRs to each ADDRESS Pendle Hill BR, a great kitchen with good bench & cupboard space, bright bathroom, big dining area, good size CONTACT Professionals St Marys 9673 4422 lounge room, comfortable balcony overlooking a quiet Wayne Teudt 0412 462 672 play area and a LU garage. ALSO, a good long term tenant available if needed. A real nice tidy home and ideal opportunity, so don’t miss out.

Just Listed INSPECT Saturday 5th June at 2:00pm - 2:30pm ADDRESS 114 Wilkes Crescent, Tregear CONTACT Professionals St Marys 9673 4422 Geoff Gray 0418 299 315

FOR SALE

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

Tell Us What You Think INSPECT By Appointment ADDRESS 5 Dobell Circuit, St Clair CONTACT Professionals Erskine Park 9834 3555 Wayne Teudt 0412 462 672

professionalsouterwesternsydney.com.au WW41442

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Outer Western Sydney AUCTION

53 Central Park Drive, Claremont Meadows

N AY TIO TURD C AU SA IS TH

Prestigious Living

Architecturally designed brand new 2 storey family Auction Price Guide $850,000-$900,000 home. Situated in a location of convenience sits INSPECT Saturday 5th June at 12:15pm - 1:00pm with its stunning interior throughout with AUCTION On Site this Saturday 5th June at 1:00pm uninterrupted views and a stones throw of M4 ADDRESS 53 Central Park Drive, Claremont Meadows motorway, Western Sydney University, Nepean CONTACT Professionals Erskine Park 9834 3555 Hospital, public transport, shops as well as Western Angelo Mavris 0425 361 696 Sydney Aerotropolis • Light ﬁlled and spacious open plan combined sunken lounge • 4 good sized bedrooms all with built-ins • 3 ultra modern bathrooms

OPEN HOME

39 Tulipwood Drive, Colyton

Nice, Neat, 3 Bedroom Family Home! • 3 Bedrooms all with built-ins • Modern kitchen with gas cooking • Lovely Alfresco under cover entertainment area with built-in BBQ area • Single lock-up garage • Roller Shutters • Split system air-cond • 504sqm block Perfect for the ﬁrst home buyer or astute investor. Possible rental return of $450 to $475 per week.

OPEN HOME

Just Listed INSPECT Saturday 5th June at 10:00am - 10:30am ADDRESS 39 Tulipwood Drive, Colyton CONTACT Professionals Erskine Park 9834 3555 Angelo Mavris 0425 361 696

54 Feather Street, St Clair

Massive 6 Bed Home + In-Ground Pool

Massive well maintained family home. Convenient Contact Agent location, sitting on a great size block of 626sqm INSPECT Saturday 5th June at 11:00am - 11:45am approx. 4 BRs with BIRs; massive kitchen tiled ADDRESS 54 Feather Street, St Clair throughout with gas cooking; neat 3-way bathroom tiled to the ceiling; massive additional rumpus room CONTACT Professionals Erskine Park 9834 3555 leading out to pergola with a IG pool; single car garage Angelo Mavris 0425 361 696 under the main roof as well as additional garage that has been converted to a BR as well 2 carport in front. Investors make note would easily rent for $650 per week in the current market. Put this on the must see list today

professionalsouterwesternsydney.com.au WW41443

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Penrith Greater Region and Blue Mountains OPEN HOME

12 Coronation Grove, Cambridge Gardens

Family-Friendly Neighbourhood • Fantastic 3 bedroom family home • Two spacious living areas • Stunning renovated bathroom • Large modern kitchen • Currently leased ret. $450 per week • Fully fenced 681m2 allotment

FOR SALE

$759,950 INSPECT Saturday 5th June at 10:45am - 11:15am ADDRESS 12 Coronation Grove, Cambridge Gardens CONTACT Professionals Penrith 4725 3100

51 Eton Road, Cambridge Park

Ideal Investment With Redevelopment Potential • Attractive 3 bedroom family home • Spacious free-flowing living design • Stunning renovated bathroom • Large in-ground pool • Huge 790m2 flat allotment • Potential dual occup/granny flat (STCA) • Leased 6/1/22 for $450 per week

$749,950 INSPECT By Appointment ADDRESS 51 Eton Road, Cambridge Park CONTACT Professionals Penrith 4725 3100

FOR SALE

More Than Meets The Eye

26 Gibson Avenve, Werrington

• Fantastic 3 bedroom family home $739,950 • 3 great-sized bedrooms • Lounge, dining & family areas INSPECT By Appointment • Ducted A/C throughout ADDRESS 26 Gibson Avenve, Werrington • Large modern kitchen & bathroom CONTACT Professionals Penrith 4725 3100 • Huge U/C entertaining area, garden gazebo Ross Heidtmann 0407 113 039 • Manicured lawn, trees & gardens • Single garage with electronic roller door plus workshop

penrithprofessionals.com.au 02 4725 3100 253 High Street, Penrith WW43609

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OPEN HOMES & RENTAL PROPERTY GUIDE OPEN HOMES ADDRESS

SUBURB

TIME

AGENT

OPEN HOMES

ADDRESS Saturday XXth Month

CLAREMONT MEADOWS 53 Central Park Dr

Colyton

10-10:30am

Professionals Erskine Park

11:15-12pm

Remax Lifestyle Marketing

10:30-11am

Remax Lifestyle Marketing

81 Doonmore Street Penrith

ST CLAIR Emu plains

12:30-1pm

Remax Lifestyle Marketing

Kingswood

9:30-10am

Remax Lifestyle Marketing

54 Feather St

St Clair

11-11:30am

Professionals Erskine Park

158 Explorers Way

St Clair

11-11:30am

Professionals St Marys

114 Wilkes Cres

Tregear

2:00-2:30pm

Professionals St Marys

SUBURB

DESCRIPTION

RENT

AGENT

Penrith

3 br duplex

$520pw

9673 4422 St Marys Professionals

Penrith

3 br townhouse

$550pw

4725 3100 Penrith Professionals Real Estate

Penrith

2 br townhouse

$500pw

4725 3100 Penrith Professionals Real Estate

Penrith

1 br unit

$380pw

4725 3100 Penrith Professionals Real Estate

2 br grannyﬂat

$360pw

9673 4422 St Marys Professionals

St Marys

2 br unit

$270pw

9673 4422 St Marys Professionals

St Marys

3 br townhouse

$420pw

9673 4422 St Marys Professionals

St Marys

3 br home

$470pw

9673 4422 St Marys Professionals

St Marys

3 br townhouse

$310pw

4725 3100 Penrith Professionals Real Estate

3 br townhouse

$420pw

4725 3100 Penrith Professionals Real Estate

2 br grannyﬂat

$250pw

9673 4422 St Marys Professionals

TREGEAR

MINCHINBURY 50 Minchin Drive

Orchard Hills

PENRITH

KINGSWOOD 1/25 First Street

AGENT

ORCHARD HILLS 20 Frogmore Road

EMU PLAINS 53 and 53A Russell Street

TIME

Claremont Meadows 12:15-1:00pm Professionals Erskine Park

COLYTON 39 Tulipwood Dr

SUBURB

Minchinbury

1:30-2pm

Remax Lifestyle Marketing

PROPERTIES FOR RENT SUBURB

DESCRIPTION

RENT

AGENT

BIDWILL Bidwill

PENRITH 3 br home

$370pw

9673 4422 St Marys Professionals

2 br g-ﬂat

$350pw

4725 3100 Penrith Professionals Real Estate

3 br house

$420pw

4725 3100 Penrith Professionals Real Estate

CAMBRIDGE PARK Cambridge Park

CRANEBROOK Cranebrook

ST CLAIR

ERSKINE PARK Erskine Park

4 br home

$530pw

9673 4422 St Marys Professionals

ST MARYS

GLENMORE PARK Glenmore Park

2 br g-ﬂat

$350pw

4725 3100 Penrith Professionals Real Estate

4 br home

$500pw

9673 4422 St Marys Professionals

1 br g-ﬂat

$230pw

4725 3100 Penrith Professionals Real Estate

HASSALL GROVE Hassall Grove

HEBERSHAM Hebersham

WERRINGTON

JAMISONTOWN Jamisontown

2 br unit

$295pw

9673 4422 St Marys Professionals

Werrington

WILLMOT

KINGSWOOD Kingswood

St Clair

2 br unit

$230pw

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4725 3100 Penrith Professionals Real Estate

Willmot

Western Property Magazine

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FINANCE 14

ACCOUNTING

Western Property Magazine

WEALTH

TAX

AUDIT

LEGAL

INSURANCE

www.facebook.com/westernpropertymag

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Western Property Magazine

BROKING BREAKDOWN

TOO GOOD TO BE TRUE THE DEVIL IS ALWAYS IN THE DETAIL

MARK STEVENSON BELLPARTNERS.COM

When something looks too good to be true, it usually is. We are currently seeing some home loan customers being offered new deals on their mortgages which at face value look like their bank is doing a fantastic job looking after them but, when more closely examined, the reverse is true. With mortgage brokers now accounting for almost two-thirds of the nation’s home loan market, banks are fighting back with either better deals for customers or by making life difficult for brokers and their clients with slow processing times. One of our clients who is about to come off a fixed interest rate was offered some simple solutions by

their lender which seemed very appealing at first glance. Their lender offered to re-fix their loan for a further period. They could elect to do this simply via their banking app/Internet banking site. If not, the mortgage would simply roll onto a variable rate, with the bank stating they would give them a discount off the standard variable rate. All the work would be done by the bank regardless of the customer’s choice. Our investigations found the variable rate discount offered was 1.32 per cent off the standard variable rate – which at face value may have sounded like a good deal. However, we were able to get an instant rate discount approved

of 1.90 per cent via the bank’s broker portal. We also found the quoted fixed rates were based on loan to valuation ratio (LVR) of 80 per cent, when in fact the client’s loans are under 60 per cent LVR which qualifies them for lower rates than those stated. Mark’s Shout The reason brokers have grown their share of the home loan market over the past two decades is they actually help customers save money. Some mortgage holders might think their bank is really looking after them and giving them special treatment, but it’s not always the case. Talk to a broker!

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Get started

www.upaus.com.au 16

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Western Property Magazine

SPECIAL ADVERTISEMENT SERIES

INVESTMENT PROPERTIES Purchasing an investment property interstate Leveraging your SMSF: Purchase Property Interstate Katherine Hawes | Principal Solicitor Diversifying, matching markets with your investment strategy and property affordability are the key advantages to buying interstate real estate. You can leverage the capital in your Self-Managed Super Fund to purchase the right property. Adding to your portfolio means being aware of the pros and cons of interstate property purchasing to mitigate the risk. 1. Variable property markets means there are different cycles in different states which means balancing capital gains and rental yields. 2. Tax savings are available as property costs vary between states and territories, who vary government charges like stamp duty and States tax thresholds.

3. A diverse portfolio in interstate property assists in mitigating risk as different markets offer properties at low rates which makes investing more affordable than restricting to your neighbourhood. 4. Buyer’s Agents and Property Managers match properties to your investment strategy making leasing to the right tenant easier and the costs are tax deductible. 5. Different laws and regulations means it is common in Sydney to arrange finance in advance, but in Queensland, it is common to sign property contracts subject to approval for finance. Your experienced solicitor can navigate the differences. 6. Distance creates additional costs by going in person or using professionals to assist but these costs are tax deductible and worth the investment. It also means researching and understanding the new market relative to the best investment e.g., an apartment V tenants

preferring to rent houses. Liaise with property managers in the area to get a sense of the market and download property reports to get real insights into your preferred area.

Our advice to you: Research is required to make the right decision. Experts engaged in advance - solicitor, accountant, professional property valuator, a property inspector and possibly a buyer’s agent. Local laws and regulations explained by your solicitor so you enjoy tax benefits and returns on investment. Buy following inspection in person, or via buyer’s agents. Hire a property manager. Use a mortgage broker to save money across the lending markets. WW44916

To protect your assets and meet the legal obligations of a self-managed super fund, talk to us!

02 9297 2765 | info@smsflawyers.com

www.smsflawyers.com WW44917

Ensuring your investment strategy is legally compliant. For the right advice on Self-Managed Super Funds

02 9297 2765 | info@smsflawyers.com

www.smsflawyers.com

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SPECIAL ADVERTISEMENT SERIES

INVESTMENT PROPERTIES Purchasing an investment property interstate Investing in an area dominated by a single industry is another pitfall to beware, says Ms Owen.

As Sydney’s housing prices continue to surge, some investors are looking for opportunities elsewhere. According to Eliza Owen, CoreLogic’s Head of Research Australia, affordability and rental returns are motivating factors for investors buying property interstate.

“Wherever employment is concentrated – for instance, by resources or hospitality – investors should consider the potential impacts if the economy changes. That’s one of the major lessons of COVID-19.”

But Ms Owen cautions investors to not only consider current

performance, but also the longerterm prospects of the region where they’re looking to buy. “Capital growth returns across Perth and Darwin have been very strong over the past 12 months, but dwelling values are still sitting 15–20% below their record highs. By looking at longterm trends, you get a sense of the market’s overall volatility.”

Like with any investment, buying property comes with a degree of risk. Ms Owen therefore recommends getting expert advice before making a decision. “As well as doing your own research on sites such as CoreLogic’s own Propertyvalue.com.au, it’s worth speaking to professionals about the local market, including real estate firms and buyer’s agents.”

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“Record low mortgage rates may boost the appeal of markets like Darwin, where gross rent yields are around 6.1% compared with Sydney’s highly compressed yields of 2.7%. Similarly, while Sydney’s median dwelling value has hit a record high of $950,457, Hobart’s median price is 41% lower at $561,254.”

EXPERIENCE & RELIABILITY Personal Legal Services • Property and Conveyancing • Asset Protection Planning • Wills, Probate & Administration & Implementation • Estate Planning • Notarial Services 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

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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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INVEST WITH THE SUNSHINE COAST EXPERTS

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SE Queensland builder with 35 years’ experience

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3-year rental guarantee for total peace of mind

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Low-risk, hassle-free investment journey personally guided by Jason Dwyer

Jason Dwyer Managing Director 1800 088 437 dwyerpropertyinvestments.com.au

Interstate investor Ian Spilsbury from Alice Springs, NT, is just one of our many success stories . . . We recently purchased an investment home through Dwyer Property Investments and despite living interstate, in a remote area of Australia, the entire process was smooth and easy from start to finish. Their three-year rental guarantee also gave us added peace of mind.

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We’ve helped hundreds of local and interstate clients become successful property investors over the past 35 years. As the Sunshine Coast experts, we guarantee an affordable high-yield investment property in one of Australia’s fastest-growing areas, plus:

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THE MICE ARE COMING. ARE YOU PREPARED?

CHOOSING THE RIGHT BATH THE BATH – synonymous with the words relaxation, therapeutic, chill-out and zen zone. Before you buy your bath think about the practicality of it, get the size right so your bath doesn’t visually overpower your room. Here’s a few options . . .

In addition to the foul odour and possible contamination to food, hazards can also arise from rats chewing electrical wires. Apart from spiders, cockroaches and possums, rats and mice are common in Australian households and can be carriers of serious diseases for you and your pets. These rodents often gnaw at your electrical wires leading to major fires.

FREESTANDING - These baths just sit on your floor, with no walls or frame to support them. This style is really popular right now – it seems everyone’s bathroom these days needs to be insta-worthy. The only downside with a freestanding bath is you don’t have room to place things around your bath - like soap, back scrub etc.

Chewing of drain pipes is also common and can lead to flooding in your house, as well as damage to the internal structure of your home.

An INSET or RECESSED bath sits within a timber or brick frame which is usually tiled over the top. They might not look as nice as a freestanding bath, but they’re super practical. Also, if you’ve got a small bath, you can install an inset/recessed type of bath with a shower overhead, so you end up with a shower over bath combo.

HOW WE IDENTIFY RODENT INFESTATION? Rodent infestation can be easily identified as they often leave a trail of urine all over your floor. They produce about 60-70 droppings per day. You can also find your wires gnawed. If you notice rats roaming around your home during daylight, there is a big chance that they are massive in number. Undertaking the task on your own is not only tricky, but can also prove to be treacherous as there is a risk of catching an infection.

BACK-TO-WALL FREESTANDING BATHS - Think of this bath like a combination between a freestanding bath mixed with an inset/recessed bath. It’s a great option for people who have their heart set on a freestanding bath, but with the convenience of a shelf to put your items on.

If you notice these symptoms, just contact an experienced pest controller immediately to get your home inspected.

Expert

Last but not least is a CORNER BATH - these are triangular in shape & pushed into one corner of your bathroom. They’re great when you want a much bigger bath to relax in, and even better with spa jets.

After the inspection, the bait is successfully placed near the rat-infested areas. It usually takes up to 4-7 days for the bait to work. If the infestation is large scale, a revisit may be required.

So, there you have it, everything you need to know about choosing the right tub for your bathroom. Speak to your local Cook’s Showroom Consultant who will help you choose the best bath for you!

IF IT’S A PEST PROBLEM WE’LL FIX IT www.emersonsenvirocaresydney.com Emerson’s Envirocare Call us today for a free quote 1800 600 760

29-31 Regentville Rd Jamisontown | 4729 7400 cooksplumbing.com.au penrith@cooksplumbing.com.au

Western Property Magazine

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We carry out a comprehensive inspection to identify the species. Identifying the species helps to implement the most suitable removal method.

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STAFF PROFILE

AGENT4U REALTY GROUP JOSEPH VELLA A real estate professional for more than 25 years, Joseph Vella is a cofounder of Agent4U Realty Group with his business partner, Rod McIvor. Joseph is known for integrity, diplomacy and sincerity in all his dealings. In his tenure in the business, he has ﬁrst and foremost strived to be someone in whom his clientele and colleagues can put their trust and faith. Every transaction, he believes, is always about his customer. “You are the driver, I am the passenger who’s there to guide, educate, and provide the best service possible.” The pillars of the new business are founded on these core values. Joseph has lived in the Penrith region all his life. He enjoys nothing more than with the help of his beautiful wife, Julie, watching their two children growing up in his home town amongst the local community. As an experienced agent, Joseph understands that buying and selling is one of the biggest decisions in a client’s life and views representation and guidance of his clients through this process as a true privilege. Creative marketing strategies and honed negotiating skills making him a valuable agent for both sellers and buyers. For all your real estate needs you can contact Joseph on 0403 183 638.

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

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

Joseph Vella | 0403 183 638 Shop 7/444 High Street, Penrith www.agent4urealty.com.au

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Lower Mountains AIR CONDITIONING

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Showroom: 2/129 Russell St Emu Plains www.Lmac.com.au

HEATING & COOLING SPECIALISTS Western Property Magazine

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Caelum – 1st Year Refrigeration Apprentice, Leif – 3rd Year Refrigeration Apprentice, Harrison – 3rd Year Electrical Apprentice, Dyson – Refrigeration Tradesman, Trevor – Service / Refrigeration Technician, Michael – Senior Electrician Tradesman, Josh – 1st Year Refrigeration Apprentice, Andrew – Director / Sales Consultant / Electrician, Daniel – Electrician Tradesman, Anthea – Director / Office Manager / Accounts / Payroll, Lincoln – Senior Service Refrigeration Technician, Fiona – Office Admin, Amy – Office Admin

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www.genesisaircondiƟoning.com.au | Unit 9, 42/44 Abel Street, Penrith NSW Lic. No. 226572C ACN: 607 005 238 ABN: 90 607 005 238 ARCtick AU38518

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