Blog


The property market does the unexpected: Fears of prices crashing have eased for now


  With most homeowners seemingly able to repay their home loans after having ‘mortgage holidays’ and property sales continuing to happen, it is pleasing to see that the doomsday predictions of impending price crashes are highly unlikely to occur.   While we have been saying that forecasts are difficult, it is somewhat of a relief that the predicted price falls of as much as 30% have not come to fruition.   Despite the worldwide pandemic, high unemployment, and the economy being in recession, the Australian housing market is proving to be remarkably resilient and since mid-October appears to be on the move again.   Auction clearances   Aided by the fact that prospective buyers are outnumbering sellers, the auction clearance rates and sales, in general, have been strong. Auctions have been clearing at about 70%.   Buyers have good reason for confidence as our economy has been well propped up by the state and federal governments: - empl...


Strong consumer mindset a boon for housing this festive season


  Consumer sentiment has rebounded rapidly as lockdowns have ended while COVID-19 case numbers have fallen and borrowing costs have reduced. This can only bode well for Australia’s property sector in the lead up to Christmas and into the New Year.    Each week ANZ and Roy Morgan publish their weekly consumer confidence index and Westpac and the Melbourne Institute publish their index of consumer sentiment each month.    Both measures are showing a solid and rapid recovery in the consumer mindset over the past month.    Mr Kusher says strengthening consumer confidence will boost property sales in the coming months. Picture: realestate.com.au/buy   The latest data from ANZ-Roy Morgan showed weekly consumer confidence rose by 3.4% over the week to be at its highest level in more than eight months and was above the neutral level for only the second week since the pandemic began. This means that c...


A fire-resistant home that is equally aesthetically pleasing and practical


Any new architecturally designed build has a host of competing agendas and involved agencies, all with a long list of requirements that need to be checked off.    Beyond budget constraints and the vision of a talented architect, what the site allows, what the client wants, what the council will permit, what insurers will cover, what the builder can achieve and what materials are allowed (and can be afforded) must all be factored in.    But on a 4000-square-metre steep bit of remnant bushland behind Sydney’s northern beaches, architect Matt Elkan also had another thing to consider: the fact that the house was to be set within the highest rating bushfire zone – a flame zone – requiring the house be as safe and defendable as possible.   Even though they could, the owners didn’t want to bulldoze too much vegetation to ensure an extra degree of protection. “They’d purchased the land to live in the bush,” Elka...


NSW Budget: Stamp duty could be axed under new Government plan


  NSW home buyers could be spared from paying stamp duty on new homes under a new government plan.   State Treasurer Dominic Perrottet wants to phase out stamp duty and replace it with a new tax to boost the NSW economy. His proposal would see buyers have a choice between the status quo of paying stamp duty or an annual tax on land value.   Stamp duty is a tax the government charges every time someone buys a new property. First-time buyers already benefit from an exemption if the home they’re buying costs less than $800,000.   Instead of being exempt from property taxes, first homebuyers would instead receive a grant worth up to $25,000 under the proposed overhaul.   The changes would only apply to future purchases, meaning if you are not buying a property there is no change.   Mr Perrottet said stamp duty was “one of the biggest financial barriers to home ownership” in NSW and an overhaul would incentivise home ownership. &nb...


Win $100 in our first ever competition!


  We are thrilled to announce our first ever Facebook competition!!! Be in line to win a $100 voucher to the shop or service of your choice in the North Turramurra Shopping Village. It’s our way of saying thank you to the community and to the local shopkeepers for the tremendous work that they do.To enter the competition, visit our Facebook page Turramurra North Real Estate and post a picture of your Christmas tree, or a scene from North Turramurra that embodies ‘Christmas’ to you. A community sports game in full swing under the summer sun? Local Christmas decorations? Cockatoos festooning a local tree? You choose!Include a sentence or two about what the scene means to you in the context of the festive season. Please keep it to around 50 words or less.Use the hashtag #turramurranorthrealestate We’ll pick our favourite on Friday 18 December and announce the winner on our Facebook page!Tag a friend and spread the word!


What potential tree and sea changers need to know about popular regional cities


  Many regional centres are welcoming tree changers with open arms, but anyone making the move should first know about the local climate and customs.   While some city dwellers have been moving to the regions for more space and affordability for years, the trend has accelerated following a widespread shift to remote working prompted by the coronavirus pandemic.   In Bowral, the largest town in the Southern Highlands of NSW, the population has grown substantially as city buyers flocked to the area.   But be warned – new home buyers in Bowral were often not aware of the colder weather in the region, local real estate agent Duncan Hill Property principal Duncan Hill said.   “It’s definitely a colder climate here in the highlands,” he said.    Mr Hill recommended new residents set the central heating to about 21 degrees and dress warmly to save on electricity costs.   The area has been so popul...