Viewing by month: June 2016

Making the most of a small backyard

Making the most of a small backyard

Many Australians love their backyards, using the space to entertain, play outdoors with the family and to enjoy the enviable Australian climate. Even if your backyard is on the smaller side, it is still possible to create a spacious impression. Here are some simple tips to make a small outdoor area more functional or enhance the space in preparation for sale.

Prioritising features
It is important to carefully plan your space before you dive head first into a renovation. Don’t attempt to cram all the typical features of a backyard into a small area. Work out what features are important, what you will use most and where they will best fit.

Hanging gardens
Rather than spreading out, consider spreading gardens up and down your fences and walls. Colourful flowers, vines or even herbs planted in hanging pots or baskets can add the feel of greenery to your outdoor areas without taking up too much valuable room to move.

Streamline your furniture
Avoid choosing large or bulky outdoor furniture and instead opt for a more streamlined look. Clutter should be avoided in a small space, so try not to fill your backyard with too much furniture. Choose pieces wisely, such as folding chairs or extendable tables that are stylish as well as functional.

Choosing the right colours
When choosing material such as pavers, decking or outdoor paint, consider embracing lighter colour schemes to create the impression of a more spacious area. Sometimes, it may also help to continue indoor colour schemes and decorative styles into the outdoor area, creating a seamless transition into what feels like one large space.

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0 comments | Posted by Charles Tarbey on 16/06/2016 at 11:39 AM | Categories:

RBA leaves cash rate on hold

RBA rate hold: 2.00%

CENTURY 21, the largest real estate sales organisation in the Asia Pacific region, believes the Reserve Bank's decision to hold the cash rate at 1.75 per cent is sensible to maintain strong yet stable growth in the property market.

"Mean property data may paint a picture of a thriving national real estate market, however the true conditions of a local market may differ greatly from one area to the next," said CENTURY 21 Australasia Chairman and Owner, Charles Tarbey.

"In light of this, a rate hold is a prudent move that will preferably reduce risk of overheating certain property markets, yet still allow access to cheap debt in other markets where increased activity would be welcomed.

"While strong and continued growth is favourable, it does not guarantee that rates will remain stagnant – Australians need to prepare for potential increases and ensure their financial situation will withstand any possible changes," said Charles Tarbey.

Recently released CoreLogic RP Data reported a 1.6 per cent rise in capital city dwelling values in May, taking values five per cent higher over 2016 to date.

CENTURY 21 encourages potential buyers who are looking to purchase real estate to ensure they have obtained the appropriate professional property and finance advice before doing so.

With over 3,000 offices, CENTURY 21 is the largest real estate sales organisation in the Asia Pacific region, a region vital to Australia's continued economic success.

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0 comments | Posted by Charles Tarbey on 07/06/2016 at 2:39 PM | Categories:

Investing in an attractive rental property

Investing in an attractive rental property

If you are contemplating purchasing an investment property, it may be easy to get caught up in what you personally perceive to be an attractive property. However, when looking to rent out your investment purchase, it can be beneficial to place yourselves in the shoes of a future tenant and consider what attributes might make their ideal rental residence.

Proximity to transport
For many tenants, easy accessibility is high on the list of priorities so bear in mind the importance of location and transport when assessing a purchase. Whether it means accessibility to work, a social life or avoiding traffic, having the option to commute easily will likely improve the appeal of your property to a potential tenant, and could increase the rental return that may be achieved.

Consider your target market
It is vital to consider who will be renting your investment property in a prospective area. If you are looking to invest in a family-oriented area close to schools, then demand may be strong for spacious family homes or plenty of backyard space. Alternatively, apartments may be preferable close to city centres or in trendy areas that attract younger tenants. Carefully consider an investment in light of extensive research about demographics and demand for certain types of property in the local market.

The right rental price
When evaluating a purchase, consider what potential rental yields it could attract. Consultation with an agent can be incredibly useful to evaluate this, as you can utilise their on the ground, local knowledge and experience with similar properties. Place yourselves in the shoes of a tenant and consider whether this price may be perceived to be good value for what they are getting and how it compares to similar properties in the area.

 

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0 comments | Posted by Charles Tarbey on 03/06/2016 at 6:21 PM | Categories: