When Is It Time To Sell Your Investment Property? | Century 21

When purchasing an investment property, buying at the right stage in the property cycle is crucial. When to sell investment property, however, is a more complex scenario. Selling investment property depends largely on your personal needs at the time and how each property in your investment portfolio is performing. 

Let’s look at some of the reasons it might be the right time to sell an investment property. 

The market is ripe for high returns 

If you invested some years ago in Sydney or Melbourne, where record house prices are now matched with historic low interest rates, you might consider selling in order to gain a considerable profit while these conditions still apply.

Your investment property is under performing

No matter how carefully an investor considers a property purchase, some just don’t make the grade. If you own such a property that is not gaining the rental return or capital gains you need, it could be costing you money and it might be time to sell and invest again elsewhere. Before embarking on the sale of the property, however, first discuss the issues with your Century 21 property manager and selling agent. 

Could you increase the rent? Are there some affordable improvements you could make in order to gain a higher rental return or selling price for the property? Is capital growth likely to improve in the area in the foreseeable future? Your local Century 21 real estate professionals will be able to advise you based on a solid foundation of local knowledge. 

To reduce the interest you are paying on your home loan

Selling an investment property you have held for some time and that now has a high level of equity can make sense if you use the money to reduce or pay off the mortgage on your own home, saving many thousands of dollars in interest on repayments. 

The property was initially your principal place of residence

If you lived in the property yourself immediately after purchasing it and moved out within the last six years you will not be obliged to pay Capital Gains Tax (CGT) on the sale if you make a profit. This tax benefit may make it worthwhile to sell the property while the time is ripe. 

You are fretting about the property

If a particular investment property is causing you endless anxiety due to problems such as poor strata management or difficulty finding and retaining good tenants, or you are facing a looming financial crisis such as possible redundancies at your place of work, it might be best to cut your losses. 

Property investment is generally a long-term proposition. Sometimes, however, it’s simply a great time to sell or you need to move on. Before considering selling an investment property, be sure to speak with your accountant regarding the tax implications. Will selling the property lose you important tax benefits through negative gearing? How much is the Capital Gains Tax on the profit from the sale likely to be? 

When selling investment property, it’s also advisable to speak with the local Century 21 real estate team in the area in which your property is located in order to determine the current market value of the property, costs of selling, whether you should leave tenants in place or sell the property vacant at the end of the current lease and whether some minor improvements could boost the property value. 

If you live at a distance from your investment property, the Century 21 team can also organise local tradespeople to take care of minor maintenance issues and a handyperson to keep the gardens well maintained while your property is on the market to ensure it achieves the best possible selling price. 


1 comments | Posted by Administrator on 26/04/2017 at 3:58 PM | Categories:

Rentvesting: The New Australian Dream? | Century 21

With skyrocketing home prices in cities such as Sydney and Melbourne, first home buyers are taking a longer term route to home ownership: rentvesting. With no hope of raising a six-figure deposit, and insufficient capacity to make the subsequent mortgage repayments, many are choosing to rent near their place of work and buy an investment property in a much cheaper market elsewhere. 

Rentvesting allows first time property buyers to get a toehold in the property market, build a property portfolio and, in time, use the equity in their investment properties or profit from their sale to buy their own home where they want to live. 

Taking a different approach

First time buyers considering the rentvesting route to property ownership need to keep in mind that buying an investment property requires a different approach to buying a home of your own. It’s important that you take a strictly business approach and keep emotions at bay. Remember at all times that you are not looking for a home that appeals to you personally but a property that offers good rental returns and potential capital gains. 

If you can’t afford to buy in your own city, look to thriving regional areas with good growth potential and strong rental demand. Prices in some regional areas are highly affordable, and you may even be able to get started with a property for under $200,000, with the rent covering your mortgage repayments. 

It’s also important to look for low-maintenance properties that will not attract extra maintenance or renovation costs over time. So, avoid that charming old weatherboard cottage with rambling gardens in favour of a near-new brick townhouse with a small courtyard. 

It’s also vital to consider the risks. What happens if the property lies vacant for a while between tenants or tenants damage the property or fail to pay the rent on time? Make sure you take out a comprehensive landlord’s insurance policy to cover you for these contingencies. 

Getting your team together

Before you begin searching for the right property, get your team of professional advisors together. 

A good buyer’s agent can keep you on the straight and narrow and review properties for you, help you select the best suburb or town to target and even save you time by finding a property for you and negotiating the price with the vendor. He or she will also be able to put you in touch with a mortgage broker, financial advisor and accountant if needed so you are backed up by a skilled team of professionals.  

A buyer’s agent will select a property in the right area and at the right time in the property cycle to protect you from making a poor investment. He or she will look at potential capital gains and ways to increase your equity in the property. It’s important to ensure you choose a registered buyer’s agent as some people calling themselves property investment advisors or similar are really spruikers for a particular property development and will not have your best interests in mind. 

When you speak with a buyer’s agent, ask if they are getting any commissions from other parties and what their research rate is. A reputable buyer’s agent will be an invaluable guide to you as you begin your rentvesting journey and beyond as you build a solid property portfolio. 

Managing your investment property

Another professional resource you can count on for ongoing advice is the Century 21 real estate team in the area you are looking to buy. Once you have purchased that all-important first investment property, your local Century 21 property management team can ensure any potential tenants are thoroughly vetted and that your property is regularly inspected and any maintenance issues are promptly dealt with. 

Surrounding yourself with the right professionals to assist and guide you is key to a successful rentvesting journey that leads to financial security and, in time, ownership of your own home. 


0 comments | Posted by Administrator on 19/04/2017 at 3:59 PM | Categories:

Builder speak: Carpet vs timber floors vs concrete

So, you’re at the design table with your architect and you’re talking floor finishes. Easy, right?

As simple as it might sound, selecting the right floor for your renovation or build can actually make or break the final aesthetic – and affect your home’s flow.

Let’s be real here: No one needs bad Feng Shui in their life.

Getting it right

Floors form part of the seen structure of any home and tie everything together. They also allow you to put your touch on a huge part of your home. So it’s super important to get it right.

Think of any architecturally designed home you’ve been in and you can almost bet they have one major thing in common.

I almost guarantee the bedrooms in these homes will be carpeted. There’s a good reason for this.

Carpet

Your bedroom should be a place of solace, and if specified correctly carpet is a sure-fire way to achieve this. And there lies the real problem.

Due to the VOCs (volatile organic compounds) embedded in carpets during production, carpet can actually be harmful to your health. Like anything in life these days, you get what you pay for.

Timber

Being a chippy means I’ve worked with timber for as long as I can remember, so you’d be right to assume I love it.

There’s nothing quite like the smell of fresh cut hardwoods or laying a Tassie oak floor – which for some reason smells like buttery popcorn when you cut it.

in Australia we grow some of the straightest, toughest and most beautiful hardwoods in the world. Laying these as flooring always adds a striking visual element to any home and you can guarantee that if it’s done right it’ll almost always add value.

Timber is hard wearing, so it’s great for high-traffic areas, is easy to clean, it doesn’t stain – and is cost effective, too. Once laid all it requires is to be sanded and finished with a water-based or polyurethane coating as a sealer. (Carpets and other topical coverings require a substrate.)

Concrete

Another popular floor finish these days, that’s also really striking, is concrete – but to be completely frank, concrete ain’t concrete.

There’s a multitude of ways to finish it, so you need to make sure you’re across the details. When you polish a concrete slab, you usually do this to expose the aggregate (stone) below. You then seal it with a clear gloss, matte or penetrating sealer to ensure the slab maintains its integrity for the duration of its life.

The other popular finish is a burnished slab. A burnished finish means the slab is trowelled to the point where it becomes very smooth and glossy and requires at least three passes with a trowel after the concrete has been screed flat and level.

The trick is timing the last pass so the slab is cured (hard) enough to get a high angle on the trowel and produce a super-tight surface. The result is like a trowel-burned surface, except trowel burning darkens the slab, while burnishing makes a hard, tight surface while keeping the colour of the slab as light as possible.

May the floor be with you.

Sourced article: www.realestate.com.au


0 comments | Posted by Administrator on 12/04/2017 at 4:07 PM | Categories:

Are You Eligible For The First Home Owner's Grant? | Century 21

Let’s face it, first home buyers are doing it tough these days. Particularly in the hot property markets of Sydney and Melbourne it may seem that, by the time you have saved for a deposit, prices will have risen so much that it simply won’t be adequate.  One way you might just squeeze your way into the property market, however, is to look into purchasing a home that fits the eligibility criteria for you to receive a First Home Owner Grant (FHOG).

The First Home Owner Grant scheme was introduced in 2000 and is a national scheme funded by the states and territories, and administered under their own legislation. Under the scheme, a one-off grant is payable to first home owners who satisfy all the eligibility criteria, which varies from state to state and is subject to change. In some states, first home buyers may also be eligible for stamp duty concessions to further help them along the way to home ownership. 

In general, to be eligible under the scheme you must:

Be a first home buyer as an individual, not a company or trust

Be a permanent resident or Australian citizen

Be over 18 years old

Must occupy your first home as your principal place of residence within 12 months of the purchase or construction of the dwelling and must occupy it continuously for a period of at least six months.  

Here’s what you could be eligible for on a state by state basis.

New South Wales

First home buyers in New South Wales can receive $10,000 for new builds only, up to a value of $750,000. 

On new homes, there are also stamp duty concessions for first home buyers, with full exemption on homes up to $550,000 and concessional rates for new homes valued at from $550,000 to $650,000.

Victoria

The FHOG is currently $10,000 to $20,000 for new builds only, up to a value of $750,000. From July 1, 2017, this will double for new homes in regional Victoria. 

Also from July 1, stamp duty will not apply to first home buyers for any new or established property with a value of up to $600,000. 

Stamp duty concessions will also be available for homes priced from $600,000 to $750,000. 

Queensland

Up until June 30, 2017, the FHOG is $20,000 for new builds only, with a value up to $750,000. Full exemption on stamp duty applies for homes valued up to $500,000, with concessions on a sliding scale for new homes valued from $500,000 to $549,000.

Western Australia

In Western Australia, the FHOG is $10,000 for new builds or ‘substantially renovated’ homes priced from $750,000 to $1 million and is dependent on location. 

Stamp duty concessions apply on all properties bought by first home buyers, with full exemption up to $430,000 and concessions on a sliding scale for houses valued at $431,000 to $530,000. 

South Australia

A one-off payment of $15,000 is available for new builds only, with a value up to $575,000. In South Australia, stamp duty concessions are available for first home buyers only for the purchase of off-the-plan apartments in designated areas. 

Tasmania 

The one-off payment in Tasmania is $20,000 until June 30, 2017, when it will drop to $10,000. The FHOG only applies to new builds, however there is no threshold. 

Northern Territory

The Northern Territory currently offers a one-off payment of $26,000 for new builds only, with no threshold on value. Here you could also receive up to $2000 to purchase household goods and up to $23,000 off stamp duty if you are a first home buyer purchasing an established home with a value up to $650,000. 

ACT

A one-off payment of $10,000 applies in the ACT for new builds and ‘substantially renovated’ homes up to $750,000 in value. First home buyers purchasing a new home are also eligible for a full stamp duty concession on homes up to $455,000, then concessions on a sliding scale on homes valued at up to $585,000. In the ACT, gross income thresholds also apply. 

For full information on eligibility for the First Home Owners Grant in each state and territory visit First Home, and click on the appropriate link.

Once you know the type of property and value you need to be looking for in order to be eligible for the First Home Owners Grant and stamp duty concessions, speak with the helpful team at your local Century 21 office so they can guide you to the most suitable properties that fit the criteria in your area. You could well be on the way to owning your first home after all! 


1 comments | Posted by Administrator on 05/04/2017 at 3:45 PM | Categories:

Reserve Bank of Australia keeps cash rate on hold at 1.5 per cent

RBA rate hold: 1.5%

CENTURY 21, a real estate organisation with over 100,000 staff in 78 countries, believes the Reserve Bank’s decision to leave the cash rate on hold at 1.5 per cent will provide further stabilisation to the housing market in light of changing market conditions. 

The Chairman and Owner of CENTURY 21 Australasia, Charles Tarbey, said that movements in interest rates abroad and locally by national banks, should serve as a reminder for Australians to not borrow beyond their means. 

“Not long ago we saw the US Federal Reserve lift rates, which may be an indication of potential for future rate rises here in Australia,” said Charles Tarbey. 

“Whilst we cannot be certain of any future movements, I believe it is important to consider what even a small increase in rates can mean for your mortgage repayments. 

“Australians looking to obtain finance for property purchases should therefore maintain a level head and remain within a strict budget to ensure their ability to repay is not challenged down the track,” said Charles Tarbey. 

According to CoreLogic data, capital city dwelling values moved 1.4 per cent higher over March, taking the combined capital city index to an annual growth rate of 12.9 per cent; the highest annual rate of growth since the twelve months ending May 2010.  

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.


0 comments | Posted by Administrator on 03/04/2017 at 12:57 PM | Categories:

The Ultimate Moving House Checklist | Century 21

Moving house is often said to be one of the top 10 stresses in life. However, we all have to do it sometime, and usually several times over a lifetime. With organisation and forethought, moving house can run like clockwork and cause the least possible stress to all concerned. Just follow this ultimate moving house checklist full of essential moving tips to ensure a smooth, chaos-free move. 

Four to six weeks before moving day

Get quotes from removalists (in writing), select your removalist and book the day of removal for the day after settlement on your new home. Be sure to get moving transit insurance to cover all your household goods while in transit.

Using a floor plan of your new home, determine where all furniture will be placed on arrival. If anything won’t fit in your new home (e.g. your fridge is too large to fit in the kitchen) sell it before moving to reduce costs. 

Start collecting boxes or buy removal boxes for packing. Large zippered plastic storage bags are also a boon for packing linen and clothing. You will also need a large roll of bubble wrap for wrapping delicate items and artworks, several rolls of duct tape or other strong tape and indelible marker pens for labelling boxes. 

Start packing all items you can go without for a few weeks, such as books, decorative items and out of season clothing.

Organise a garage sale or charity pick-up to dispose of any goods you don’t want to take with you. 

Arrange to have your mail redirected to your new address and alert the Electoral Office of your new address.

Book children into their new schools or day care centres. 

Put important legal documents and small items of value, such as jewellery, aside to carry yourself during the move.

Arrange final inspection of your current home with your real estate agent for the week before settlement. 

Arrange for utilities set-up at your new address and home and contents insurance from the date of settlement. 

Two to three weeks to moving day

Returned all borrowed items such as library books and DVDs.

Prepare everything you will need for moving day such as a kettle, tea and coffee, snacks, basic bathroom necessities and cleaning equipment.

Start cleaning your house thoroughly ready for the final inspection and/or book professional cleaners. 

Arrange final readings of gas, water and electricity meters. 

Discontinue any delivery services, such as newspaper delivery.

Organise items you will need most urgently on arrival at your new home so they will be unpacked first. This should be anything you will need on the first night before all unpacking is done such as sheets and quilts for beds, basic cutlery and crockery etc.  

Confirm all details with your removalist and ensure they have all necessary contact details. 

Clean up the garden, water pot plants you are taking with you lightly and pack into plastic-lined boxes. 

Have a final clean-up and take all rubbish to the tip. 

The day before the move

Defrost the fridge and empty any contents you wish to take with you into an Esky filled with ice. 

Do any last minute vacuuming, mopping and dusting and mow the lawn. 

Prepare a welcome note for the new home owners with any relevant information they may need to settle in comfortably. 

Unplug all appliance cords. 

Set aside all items you are taking with you personally where the removalists will not touch them.

Farewell your neighbours. 

On moving day

Provide your removalist with parking information at your new address and a furniture placement plan.

Alert the removalist as to which items, such as beds and essential kitchen items, should be packed into the removal van last so they are the first you can access on arrival.

Do a final check that everything is in order, pack anything left into your car and lock all doors and windows.

Give all keys to your real estate agent to give to the new owners. 

Get ready to say ‘hello’ to your new home!

If you follow the above moving house checklist you should find your move goes smoothly with no last minute panics. If you are dealing with a Century 21 agent, either as a vendor or a buyer, don’t hesitate to ask their advice on any detail of moving house you are not sure about. They are ready and willing to help you out with moving tips and advice to reduce the stress of moving to your new home. 

 


1 comments | Posted by Administrator on 29/03/2017 at 3:59 PM | Categories:

What Happens At Settlement? | Century 21

You’ve purchased a home or investment property, contracts have been exchanged, the deposit has been paid and a date for property settlement has been set. So what happens in the meantime and what happens on settlement day?

Settlement day is when you finally get the keys to your new home and are able to move in. If the property is vacant, you can request access after exchange of contracts to do some painting or other minor work on the property prior to moving in but you will need to pick up and return the keys daily via the vendor’s real estate agent. 

Before settlement happens, however, you need to take care of a few things.

Before settlement

Between exchange of contracts and the agreed settlement date, you will need to contact your mortgage broker or lender and finalise and sign all loan documents. You will also need to get quotes from removalists, book a removalist and start packing. It’s best to book the removalist for the day after settlement in case of delays on the day. 

In the week before settlement, you will need to visit the property you are purchasing to conduct a final inspection to ensure that everything is in accordance with the contract and that agreed inclusions, such as curtains or a dishwasher, have not been removed. 

Contact an electricity provider and phone and internet provider and let them know you will need their services at your new address from the settlement date. Also be sure to organise building and contents insurance to start on the date of settlement. 

If you are buying the property as an investment, rather than your own home, now is the time to engage a property manager to advertise for tenants and vet them carefully on your behalf. 

On settlement day

On settlement day itself, unless you are handling your own conveyancing almost everything will be conducted by the legal representatives of both yourself and the vendor. 

The deed to the home will be sent to the titles office where your name will be registered as the new owner. Your lender will register the mortgage against the title and provide the funds to purchase the property as well as pay stamp duty and registration costs to the government. 

Cheques to settle all adjustments will also be drawn up and paid out for outstanding council rates, water rates or land tax owed by the vendor. Your solicitor or conveyancer will ensure any existing mortgage on the property has been paid off and all caveats removed. He or she will also ensure that all clauses in the sales contract are fulfilled and the transfer of property and mortgage is complete. 

As soon as settlement has completed successfully, your solicitor or conveyancer will contact you and the real estate agent for the vendor will release the keys to your new home to you. Usually they will meet you at the property and let you proudly post the ‘SOLD’ sign on the signboard at the front. 

Finally, comes all the excitement of moving into your new home! 

If you are purchasing a new home through a Century 21 agent, you will be in good hands and he or she will guide you throughout the process from the time your offer is accepted by the vendor to final property settlement and handing over the keys to your new home. Ensuring the entire sales process goes smoothly for both the vendor and buyer is an important aspect of their job!


0 comments | Posted by Administrator on 22/03/2017 at 3:58 PM | Categories:

8 Tips to Help You Prepare for Open Inspections

Our top-selling Century 21 agents around the country are in accord: the more inviting a vendor’s home appears at open inspections, the more likely the home is to sell for top dollar and to sell more quickly.

Before listing your home for sale, your Century 21 selling agent will advise you on all the improvements you could make to maximise the sale price of your home. These could range anywhere from fixing a leaking tap to doing some repainting. The next step is readying your home for the marketing photography with a scrupulous clean and tidy up, decluttering and some depersonalising such as packing away family photographs and soccer trophies. These photographs and the advertising copy on the internet are vital in attracting as many potential buyers to your open inspections as possible. Next, it’s show time and those interested buyers will be arriving at your home for the first open inspection.

Here are a few tried and true tips for open inspection days to ensure your home looks inviting and, ultimately, desirable enough for those offers to start rolling in.

1.    Make sure your home is clean as a whistle

In the week before, do a thorough house clean from sparkling windows to cleaning inside the kitchen cupboards. On the morning of an inspection, dust, vacuum and mop to not only ensure your home is clean but give it that just cleaned, fresh smell. Add to this effect by polishing any timber furniture with a pleasant-smelling polish such as orange oil (available from hardware stores).

2.    Get the outdoors ready

A final run over the lawn with a mower and a few minute’s weeding can get your garden looking top notch. Ensure your entrance looks inviting with a brand new doormat and some stylish potted plants. Empty any old flyers from the post box. Put the council waste bins out the way somewhere they will not be prominent.

3.    Do a quick declutter

Make all beds, put clothes, toys and paperwork out of sight and remove all pet bowls and pet beds. Empty all bins, laundry baskets and wastepaper baskets.

4.    Style your home

Make beds beautifully and arrange flowers or vases of greenery from the garden in key places around the home. Plump sofa cushions and arrange them nicely. In the bathroom, add brand new fluffy white towels (don’t use them until the house has sold), attractive new toiletries and soap and a new roll of toilet paper. In the kitchen, make sure benchtops are clear and not cluttered with small appliances.

5.    Hide or lock up valuables

Don’t leave anything valuable lying around. Hide valuables, lock them away or take them with you.

6.    Temperature check

Is the temperature inside your home at a comfortable level? If the day is freezing or scorching try to get the temperature inside as comfortable as possible well before the inspection time.

7.    Those final touches

Do a final check that nothing is out of place. Open all blinds and curtains to let in maximum light, open windows if the weather is suitable, open all internal doors and switch all the lights on, including bedside lamps. Place a couple of scented candles (choose a fresh not cloying scent) in strategic locations such as the entrance and bathroom to give a pleasant scent and inviting glow.

Also, consider some welcoming touches for your ‘visitors’ such as leaving out a bowl of mints or a jug of cold water, drinking glasses and a plate of biscuits. For your potential buyers, spending a day rushing around to open inspections can be exhausting and they will appreciate your considerate touches.

8.    When the real estate agent arrives

As soon as the agent arrives, let them prepare for the inspection. Grab your phones, valuables, any last minute cleaning equipment, kids and pets, hop in the car and take yourself out and about until the agent calls you to say the inspection is over.

Remember that between each advertised open inspection time, you may have many other private inspections during the week. Also, interested buyers may want to inspect your home several times before they put in an offer. So keep your home in tip top shape the entire time it’s on the market, so you can swing into action and do the final styling touches at short notice whenever necessary.

Preparing for open inspections can be stressful. Your Century 21 real estate agent will have plenty of sterling advice for you on how to sell your house, maximise your sale price and reduce the time your home is on the market. Putting in the effort to heed this advice and present your home in its best possible light for that first real estate open for inspection will pay off in greater buyer interest and potential higher offers. Plus your home will look and feel so inviting, you won’t want to leave!


1 comments | Posted by Administrator on 15/03/2017 at 3:39 PM | Categories:

6 Ways To Cut Down On Your Home Renovation Costs

If you’re thinking of selling your home later this year, you should be acquiring information right now on how to best present your home for sale and what renovations and improvements could be made to ensure you attract maximum buyer interest and the highest possible price. Renovation costs can be prohibitive, however, so you need to take a carefully targeted approach to any home renovation you tackle prior to listing your property for sale.

Every home improvement you make needs to be carefully targeted at the preferences of local buyers in your area. What would attract them to spend more money for your home in preference to similar homes? The best person to call on for the answer to this is your local Century 21 real estate agent. He or she knows the local market and can advise you on exactly what buyers are looking for and which improvements will add value to your property (and which won’t).

Depending on your locale and the type of buyers who would be interested in your home, your Century 21 agent may advise a kitchen renovation, bathroom renovation, repainting the interiors, adding a deck or other outdoor entertaining area or simply updating your lighting and ripping up your old carpets to reveal the beautiful hardwood floorboards beneath.

When renovating prior to selling, there are several points to keep in mind:

  • You are renovating to attract buyers, not to suit your own tastes.
  • You need to invest wisely to gain the largest possible profit margin. A guideline is to set the budget at no more than three per cent of your home’s current value, with the expectation of achieving a return of $3-5 on each dollar you spend.

Renovation costs can explode at an alarming rate if you are not careful, and blow that profit margin altogether, so here are some ways to cut down on your home renovation costs.

1.     Keep an eye on your budget

There are various online renovation cost calculators you can use to set your budget and keep a close eye on your spending. Try out a few to see which one suits you best.

2.     Get quotes and more quotes

For jobs that need a professional, get as many quotes as you can. Even in a small local area, the differences in pricing for a job such as tiling a bathroom can be mind-boggling.

3.     Choose affordable finishes and materials

Seek out the most affordable materials to get the effect you want.  This especially applies to flooring covering a large area. For example, a travertine floor could cost thousands of dollars, a marine ply floor a few hundred. Plain white tiles at $10 per metre for the kitchen splashback look fresh and clean and are much cheaper than a glass splashback.

4.     Seek out bargains online

Scour the web for the best prices on appliances, paint, taps, tiles and just about anything else you will need. The savings can be really substantial. Don’t forget sites like eBay and Gumtree as well for factory seconds, second-hand finds and more.

5.     Don’t move any plumbing

If you are renovating a kitchen, bathroom or laundry, design it around the existing plumbing. Moving plumbing is an added expense you won’t need if you stick to the same layout but with new cupboards and fixtures.

6.     Keep what you can

If your bathroom is looking tired but the fab 1970s floor tiles are in superb condition why not keep them and design the new look bathroom around them? Same applies if you have original hardwood floorboards beneath the carpets. Simply lift the carpets and have the floorboards refinished. If your kitchen cupboard carcases are in good condition, you may be able to simply replace the doors to give your kitchen new life.

Cutting costs while giving your home a fresh new look that will attract buyers will ensure you get a great return when you come to sell. Speak to your local Century 21 real estate agent for advice on where to start and what to do in terms of house renovation well before you list your property for sale.


0 comments | Posted by Administrator on 08/03/2017 at 2:58 PM | Categories:

RBA leaves cash rate on hold at 1.5 per cent

RBA rate hold: 1.5%

CENTURY 21, a real estate organisation with over 100,000 staff in 78 countries, believes the Reserve Bank’s decision to leave the cash rate on hold at 1.5 per cent is prudent in light of disparate conditions across Australia’s property market.

The Chairman and Owner of CENTURY 21 Australasia, Charles Tarbey, said that while he believes some states would benefit from an interest rate cut, others would not. 

“While Canberra, Hobart, Sydney and Melbourne posted strong price gains in February, Darwin, Perth and Brisbane registered declines,” said Charles Tarbey. 

“This thematic seems to be becoming more pronounced and in terms of the property market, the RBA’s decision might be the best middle ground solution moving forward. 

“The general market outlook appears to be relatively buoyant, however I advise Australians not to rely on headline market figures without researching local market dynamics to ensure their financial commitments are realistic and sustainable,” said Charles Tarbey. 

CoreLogic data has reported a further rise in the value of capital city dwellings in February, with values rising 1.4 per cent over the month.  The strong capital gain over February was led by Canberra (+3.2 per cent) and Sydney (+2.6 per cent). In contrast, dwelling values were down over the month across Darwin (-4.3 per cent), Perth (-2.4 per cent) and Brisbane (-0.4 per cent).

These February results mark a new high point in the current growth cycle, with capital city dwelling values increasing by 11.7% over the past twelve months. 

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.

Click here to find out more


0 comments | Posted by Administrator on 06/03/2017 at 7:06 PM | Categories: