I'd like to take this opportunity to wish all all the best for 2011. I trust 2010 was a great year for you and look forward to being to assist you in 2011. HAPPY NEW YEAR.
Regards
Robert Hall
Thursday, December 30, 2010
Sunday, December 19, 2010
Macedon Ranges To Continue Growing in 2011
Whilst we continue to hear by the dooms day people that –
In April this year it was reported that Victoria has a housing shortfall of 22,000 homes, while Australia’s housing shortfall is expected to worsen beyond 200,000 homes this year, and it is expected that it could reach 500,000 by 2029.
In the Macedon Ranges region, the Settlement Strategy released by the Macedon Ranges Shire Council indicates that we are going to increase our population numbers strongly.
The Settlement Strategy can be downloaded here.
Gisborne is where the strongest expansion will be seen increasing from the 2006 census figures of 8,900 - 14,400 by the year 2036.
Other towns with strong growth are Kyneton, Riddells Creek & Romsey. The in depth report addresses everything from the economics, environment and landscape implications.
Our continued huge expansion is contributed to by our great access to Melbourne, both via the Calder Freeway and Railway lines. Many people living on the outskirts of Melbourne in suburbs like Ringwood, Moorabbin, or Werribee spend longer in their vehicles or on the train than we do each day.
I strongly suggest that you download the Settlement Strategy, reading the implications, both positive and negative, and recommendations to manage growth in the Macedon Ranges.
As we all know the Macedon Ranges will continue to be a great place to live, relax, and enjoy life.
- The housing boom has burst
- Property prices are going to crash
- The market is set to tumble
In April this year it was reported that Victoria has a housing shortfall of 22,000 homes, while Australia’s housing shortfall is expected to worsen beyond 200,000 homes this year, and it is expected that it could reach 500,000 by 2029.
In the Macedon Ranges region, the Settlement Strategy released by the Macedon Ranges Shire Council indicates that we are going to increase our population numbers strongly.
The Settlement Strategy can be downloaded here.
Gisborne is where the strongest expansion will be seen increasing from the 2006 census figures of 8,900 - 14,400 by the year 2036.
Other towns with strong growth are Kyneton, Riddells Creek & Romsey. The in depth report addresses everything from the economics, environment and landscape implications.
Our continued huge expansion is contributed to by our great access to Melbourne, both via the Calder Freeway and Railway lines. Many people living on the outskirts of Melbourne in suburbs like Ringwood, Moorabbin, or Werribee spend longer in their vehicles or on the train than we do each day.
I strongly suggest that you download the Settlement Strategy, reading the implications, both positive and negative, and recommendations to manage growth in the Macedon Ranges.
As we all know the Macedon Ranges will continue to be a great place to live, relax, and enjoy life.
Gisborne secondary College Congratulates
Amongst many achievements this year that are too numerous to mention, we would like to pay a special congratulation to Stonefield, Pure Heat and the Live 4 Life winners for their outstanding efforts throughout the year representing GSC.
Congratulations to the hugely talented student band Stonefield for winning triple J’s Australia wide Unearthed High competition. The band is comprised of sisters Hannah, Sarah and Holly Findlay who all attend Gisborne Secondary College, as well as older sister Amy.
Apart from local gigs, Stonefield have appeared at the St Kilda Festival and the bushfire appeal at Fed Square. You can hear the band in action by following the links at the triple J website. Unearthed is triple j’s initiative to support independent, self-funded musicians and provide opportunities to those artists who show most potential.
Congratulations to the hugely talented student band Stonefield for winning triple J’s Australia wide Unearthed High competition. The band is comprised of sisters Hannah, Sarah and Holly Findlay who all attend Gisborne Secondary College, as well as older sister Amy.
Apart from local gigs, Stonefield have appeared at the St Kilda Festival and the bushfire appeal at Fed Square. You can hear the band in action by following the links at the triple J website. Unearthed is triple j’s initiative to support independent, self-funded musicians and provide opportunities to those artists who show most potential.
Students win award
Eight students including Steven and Matthew Mills, Sam and Thomas Deveson, Nathan Budanow, Edward Morrissey and Clare and James Butler together with their families and local community businesses showed that a combined team effort can produce remarkable results. The team won the overall Display and Presentation Award from over 85 Secondary School teams including a $200 prize. Their passion, enthusiasm and overall drive to train together, produce a competitive vehicle and field a serious racing team particularly impressed the judges. The teams put their human cycle powered tricycle at the front of the grid in practice for the race, then proceeded to break the previous track record fulfilling one of their goals. Another team Bendigo Senior Sec. College also managed this just pipping our team by 1/10th of a second.
Our team raced competitively with the other top vehicles in the race for the first hour until a disabling crash snapped our seat belt supporting struts which put us into the workshop for an hour. Parent Greg Deveson snapped into action quickly fabricating 2 metal clips to get the team back on the track. The team then cycled steadily through the field from 85th position to 26th with the help of ice baths, zip ties and aircraft aluminium adhesive foil keeping the bike together and managing speeds of over 50 kmh.
Overall a very rewarding, character building and memorable experience for all involved.
Many thanks to teachers Andrew McLean (for his technical GPS tracking data and overall support on the weekend). Paul Calleja (for his pre race work and encouragement to the team to chase their goals). The Mills and particularly all of the rest of the Deveson family, Greg, Sonja and Renata providing valuable support track side with nutritious meals, rider schedules and bike maintenance.
Many local sponsors made this great experience possible including :
Bendigo Bank
Circle Credit
G & S Joinery
Gisborne Self Storage
Gisborne Student Union
Hunt Real Estate
Macedon Ranges Horizontal Drilling
Macedon Ranges Shire Council
Michael Graefe
Mitre 10
Mt Gisborne Homes
Pure Heat
Rain & Horne Real Estate
Sunbury Bike Hub
Wallaces Farm and Ind. Supplies
David Butler / Coordinator
Finally we would like to mention a special congratulations to the Live4Life winners.
A unique partnership between schools and community targeting youth mental health in the Macedon Ranges Shire.
On Tuesday 12th of October, GSC students attended a Live4Life forum at Braemar College in Woodend. Congratulations to the following students who received awards on the day.
Our team raced competitively with the other top vehicles in the race for the first hour until a disabling crash snapped our seat belt supporting struts which put us into the workshop for an hour. Parent Greg Deveson snapped into action quickly fabricating 2 metal clips to get the team back on the track. The team then cycled steadily through the field from 85th position to 26th with the help of ice baths, zip ties and aircraft aluminium adhesive foil keeping the bike together and managing speeds of over 50 kmh.
Overall a very rewarding, character building and memorable experience for all involved.
Many thanks to teachers Andrew McLean (for his technical GPS tracking data and overall support on the weekend). Paul Calleja (for his pre race work and encouragement to the team to chase their goals). The Mills and particularly all of the rest of the Deveson family, Greg, Sonja and Renata providing valuable support track side with nutritious meals, rider schedules and bike maintenance.
Many local sponsors made this great experience possible including :
Bendigo Bank
Circle Credit
G & S Joinery
Gisborne Self Storage
Gisborne Student Union
Hunt Real Estate
Macedon Ranges Horizontal Drilling
Macedon Ranges Shire Council
Michael Graefe
Mitre 10
Mt Gisborne Homes
Pure Heat
Rain & Horne Real Estate
Sunbury Bike Hub
Wallaces Farm and Ind. Supplies
David Butler / Coordinator
Finally we would like to mention a special congratulations to the Live4Life winners.
A unique partnership between schools and community targeting youth mental health in the Macedon Ranges Shire.
On Tuesday 12th of October, GSC students attended a Live4Life forum at Braemar College in Woodend. Congratulations to the following students who received awards on the day.
- Hannah Goodwin (Major Prize Winner – Individual Entry – A kit for Mental Health Promotion)
- Marnie Bruce and Taylor Burns (Pod Cast)
- Sophie Steinbach (Postcard)
- Liz Ryan (Short Film)
- Emma Bowly, Caitlyn Marinier and Beckie Van Schellen (Powerpoint Slide)
- Joel McKinnon (Slideshow)
Gisborne Peak Winery
Gisborne Peak Winery has built a strong reputation for its quality locally grown and made wines. Located in Gisborne South, the winery is open 7-days a week. Wine should be fun, and the relaxed, casual style of the winery reflects this. In addition to the great selection of wines Gisborne peak offers wood-fired pizzas that are delicious and are served on Fridays, Saturdays, Sundays and public holidays. A savory platter, the Tasters’ Platter, is available daily along with espresso coffee and dessert. Sizzling prawns are back on the little menu, by popular demand.
The winery setting is unique, with plenty of seating on the open-air deck over the water, or, if the weather is cool, in the Fireside Room or within the heated marquee and verandahs.
The vineyard at Gisborne Peak grows low yielding premium grapes for their estate label wines. The vineyard is planted out to Chardonnay, Pinot Noir, Semillon, Riesling and Lagrein. They also produce a sparkling style of Pinot Noir – delightful! Visitors are invited to enjoy a tutored tasting at cellar door (no charge) or to sample selected wines of their choice. The wines continually win awards and are all hand-pruned and hand-picked grapes. The wines are single vineyard, estate grown wines. Taste the Macedon Ranges sunshine and soil in a bottle of Gisborne Peak Wine.
Gisborne Peak Winery is also home of ‘MyVine: Adopt-a-Vine’ program. This is the perfect gift for the wine lover in your life. Adoptive Parents are invited to participate in Hands-On Days. These are seasonal vineyard activities throughout the year. The next Hands-On day is 22 January, and is the Canopy Management and Crop Estimation Day.
The winery is open on Australia Day, Wednesday 26th January, and serving their delicious wood-fired pizzas and wonderful wines.
The winery setting is unique, with plenty of seating on the open-air deck over the water, or, if the weather is cool, in the Fireside Room or within the heated marquee and verandahs.
The vineyard at Gisborne Peak grows low yielding premium grapes for their estate label wines. The vineyard is planted out to Chardonnay, Pinot Noir, Semillon, Riesling and Lagrein. They also produce a sparkling style of Pinot Noir – delightful! Visitors are invited to enjoy a tutored tasting at cellar door (no charge) or to sample selected wines of their choice. The wines continually win awards and are all hand-pruned and hand-picked grapes. The wines are single vineyard, estate grown wines. Taste the Macedon Ranges sunshine and soil in a bottle of Gisborne Peak Wine.
Gisborne Peak Winery is also home of ‘MyVine: Adopt-a-Vine’ program. This is the perfect gift for the wine lover in your life. Adoptive Parents are invited to participate in Hands-On Days. These are seasonal vineyard activities throughout the year. The next Hands-On day is 22 January, and is the Canopy Management and Crop Estimation Day.
The winery is open on Australia Day, Wednesday 26th January, and serving their delicious wood-fired pizzas and wonderful wines.
MACEDON RANGES SHIRE COUNCIL’S ECONOMIC DEVELOPMENT AND TOURISM TEAM WORKING FOR YOU!
2010 has been a very busy and productive year for the Economic Development and Tourism Unit at Council.
Many businesses have taken advantage of the professional development program throughout the year by attending a range of seminars and workshops, mostly free. The 2011 program is now available – visit www.mrsc.vic.gov.au and follow the links to tourism and business. The program is tailored to suit the needs of small business as well as people thinking about going into business. It is also an excellent way to be able to provide low cost / free training for staff as well as business owners.
State Government funding has just been obtained to undertake an equine analysis and strategy. This will involve an economic analysis of the “whole” equine industry in the Macedon Ranges followed by a strategy which will include public consultation, so if you have horses or a horse business in the Shire, stay tuned for more information throughout 2011.
A business survey will be sent out early in the year giving businesses the opportunity to provide valuable input into the future direction of economic development activities in the Shire – all businesses are encouraged to participate.
Businesses in the Shire will also have access to a dedicated business website which will be rolled out over 2011. All businesses in the Shire will be offered a FREE listing as the site will provide significant exposure and encourage the community to buy local. It will also be a useful tool to access up and coming business information on events, available grants and fact sheets on business trends in the Macedon Ranges.
For more information, please call Leanne Davey, Economic Development Co-ordinator on 5421 9617.
Many businesses have taken advantage of the professional development program throughout the year by attending a range of seminars and workshops, mostly free. The 2011 program is now available – visit www.mrsc.vic.gov.au and follow the links to tourism and business. The program is tailored to suit the needs of small business as well as people thinking about going into business. It is also an excellent way to be able to provide low cost / free training for staff as well as business owners.
State Government funding has just been obtained to undertake an equine analysis and strategy. This will involve an economic analysis of the “whole” equine industry in the Macedon Ranges followed by a strategy which will include public consultation, so if you have horses or a horse business in the Shire, stay tuned for more information throughout 2011.
A business survey will be sent out early in the year giving businesses the opportunity to provide valuable input into the future direction of economic development activities in the Shire – all businesses are encouraged to participate.
Businesses in the Shire will also have access to a dedicated business website which will be rolled out over 2011. All businesses in the Shire will be offered a FREE listing as the site will provide significant exposure and encourage the community to buy local. It will also be a useful tool to access up and coming business information on events, available grants and fact sheets on business trends in the Macedon Ranges.
For more information, please call Leanne Davey, Economic Development Co-ordinator on 5421 9617.
Help is at hand
Finding the right home loan can be a daunting task, especially with so many products on the market; then there’s all the paperwork involved. But with these helpful hints you can make your loan application process a smooth one.
Have your documents ready: Lenders have cracked down on their lending policies over the last 24 months, so it helps to have clear documentation proving your income, liabilities and living expenses. The more documentation you can provide, the less likely a lender will delay the processing of your loan application.
Show genuine savings: A savings record is important to most lenders. If you can show that you can manage your money – including an ability to save while repaying credit cards, covering your rent and other expenses – you’ll improve your position with lenders.
Matters of the heart: Single? Coupled? Kids? Your living situation can impact your borrowing capabilities. Think about how your circumstances may impact your borrowing – now and in the future – and be realistic about what you can afford.
Talk to the experts: With thousands of mortgages on the market, why not recruit in the experts to help you track down the best mortgage for your needs. We offer unbiased advice on all aspects of finding a loan and we can even help to arrange the first home owners grant plus coordinate the whole application process. Give us a call and we’ll explain how we work.
Have your documents ready: Lenders have cracked down on their lending policies over the last 24 months, so it helps to have clear documentation proving your income, liabilities and living expenses. The more documentation you can provide, the less likely a lender will delay the processing of your loan application.
Show genuine savings: A savings record is important to most lenders. If you can show that you can manage your money – including an ability to save while repaying credit cards, covering your rent and other expenses – you’ll improve your position with lenders.
Matters of the heart: Single? Coupled? Kids? Your living situation can impact your borrowing capabilities. Think about how your circumstances may impact your borrowing – now and in the future – and be realistic about what you can afford.
Talk to the experts: With thousands of mortgages on the market, why not recruit in the experts to help you track down the best mortgage for your needs. We offer unbiased advice on all aspects of finding a loan and we can even help to arrange the first home owners grant plus coordinate the whole application process. Give us a call and we’ll explain how we work.
Tuesday, November 30, 2010
WHAT HAPPENS WHEN A HOME IS PASSED IN AT AUCTION
With around 300–400 homes being passed in at auction every week this spring, it is important to discuss what happens next for the vendor and the buyer.
Firstly, just because the buyers were unable to meet the vendor’s expectations in the course of the auction, does not mean that the home won’t be sold to one of the interested bidders. The law in Victoria provides the highest bidder with an important advantage: if the property is passed in, the owner – through the agent or auctioneer – will first negotiate with the highest bidder for the purchase of the property.
CLICK FOR FULL STOREY
Firstly, just because the buyers were unable to meet the vendor’s expectations in the course of the auction, does not mean that the home won’t be sold to one of the interested bidders. The law in Victoria provides the highest bidder with an important advantage: if the property is passed in, the owner – through the agent or auctioneer – will first negotiate with the highest bidder for the purchase of the property.
CLICK FOR FULL STOREY
Sunday, October 31, 2010
Weekly Auction & Sales Results, Market Overview
Saturday 30th & Sunday 31st October 2010
The inclement weather did not affect demand at this weekends auctions with a clearance rate of 67 per cent recorded.
This is a good result in light of the fact that this weekend had a higher number of auctions than the comparable weekends in the past 5 years.
There was a total of 354 auctions reported this weekend of which 236 sold and 118 were passed in, 71 of those on a vendors bid.
CLICK FOR FULL RESULTS
The inclement weather did not affect demand at this weekends auctions with a clearance rate of 67 per cent recorded.
This is a good result in light of the fact that this weekend had a higher number of auctions than the comparable weekends in the past 5 years.
There was a total of 354 auctions reported this weekend of which 236 sold and 118 were passed in, 71 of those on a vendors bid.
CLICK FOR FULL RESULTS
Tuesday, October 26, 2010
REIV welcomes commitment to ban price plus property sales ads
The REIV has welcomed the announcement by the Minister for Consumer Affairs to ban the use of ‘price plus’ in real estate advertisements and conduct a consumer education campaign on the process of buying and selling property.
REIV President John Grabyn said that the banning of price plus would make it easier for consumers to compare properties for sale and alleviate the confusion that exists with the current laws which allows a range of options which may be misleading.
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REIV President John Grabyn said that the banning of price plus would make it easier for consumers to compare properties for sale and alleviate the confusion that exists with the current laws which allows a range of options which may be misleading.
CLICK FOR FULL STORY
Sunday, October 24, 2010
Weekly Auction & Sales Results, Market Overview
Saturday 23rd & Sunday 24th October 2010
In light of the very high number of auctions this weekend the clearance rate of 68 that was achieved is a very healthy result and demonstrates that underlying demand is good.
Including this weekends activity, the REIV has seen average weekly auction listings increase by around 30 per cent compared to winter; interestingly, the clearance rate for spring has not changed substantially, with around 68 per cent of homes selling during the first eight weeks of spring.
In light of the very high number of auctions this weekend the clearance rate of 68 that was achieved is a very healthy result and demonstrates that underlying demand is good.
Including this weekends activity, the REIV has seen average weekly auction listings increase by around 30 per cent compared to winter; interestingly, the clearance rate for spring has not changed substantially, with around 68 per cent of homes selling during the first eight weeks of spring.
Sunday, October 17, 2010
WEEKLY AUCTION & SALES RESULTS, MARKET OVERVIEW WEEK ENDING 17TH OCTOBER 2010
There were a total of 637 auctions reported this weekend and a clearance rate of 67 per cent.
Of the 637 auctions reported a total of 430 were sold, 207 passed in and 123 of those on a vendors bid.
This weekends results shows that demand has not varied to any great degree over the past 4 months.
This weekend last year saw 626 auctions and a clearance rate of 80 per cent
Next weekend is shaping up as the busiest weekend in the Melbourne residential auction market since 15 and 16 March in 2008 (still the biggest ever), when there were 1,351 auctions and a clearance rate of 67 per cent.
Of the 637 auctions reported a total of 430 were sold, 207 passed in and 123 of those on a vendors bid.
This weekends results shows that demand has not varied to any great degree over the past 4 months.
This weekend last year saw 626 auctions and a clearance rate of 80 per cent
Next weekend is shaping up as the busiest weekend in the Melbourne residential auction market since 15 and 16 March in 2008 (still the biggest ever), when there were 1,351 auctions and a clearance rate of 67 per cent.
SEPTEMBER QUARTER - CLEARANCE RATES
The REIV has released its September quarter Property Update including a wealth of information on median prices for houses, units and apartment and analysis of performance of the market by sales method.
For the first time an assessment of clearance rates by suburb over the quarter is also included.
Changes in clearance rates reflect how the market has changed over the course of the past 12 months and the challenge for buyers this spring.
CLICK FOR FULL REPORT
For the first time an assessment of clearance rates by suburb over the quarter is also included.
Changes in clearance rates reflect how the market has changed over the course of the past 12 months and the challenge for buyers this spring.
CLICK FOR FULL REPORT
Tuesday, October 5, 2010
STATE GOVERMENT STILL TAXING TAXES
The REIV has called on both the State and Federal Governments to remove the tax on tax rort of stamp duty being levied on GST in commercial real estate transactions.
When the GST was introduced in 2000 it created an anomaly in which state property taxes – stamp duties – were being charged not just on the actual cost of the property but also on the GST paid.
REIV CEO Enzo Raimondo said “the GST is a tax on goods and services; it was not intended to be a tax on tax.
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When the GST was introduced in 2000 it created an anomaly in which state property taxes – stamp duties – were being charged not just on the actual cost of the property but also on the GST paid.
REIV CEO Enzo Raimondo said “the GST is a tax on goods and services; it was not intended to be a tax on tax.
CLICK FOR FULL STORY
Monday, October 4, 2010
TIME FOR STAMP DUTY CUTS
To ensure home buyers don’t pay more than their fair share of tax, the REIV has requested that all political parties contesting the November State Election adopt a policy to reduce stamp duty rates.
In response to strongly growing property prices, the current government cut rates four years ago and the time has come to do it again.
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In response to strongly growing property prices, the current government cut rates four years ago and the time has come to do it again.
CLICK FOR FULL ARTICLE
Sunday, October 3, 2010
Story from Gisborne CFA
Living in the Macedon Ranges gives residents an opportunity to be a part of a community.
Volunteering as a CFA fire fighter is just one way Gisborne resident Peter Harry feels connected to the area.
“Growing up here I always had a desire to join in and help out and CFA is where I found my niche”. The 46 year old Operations Manager says fighting fires is now in his blood.
“Many people new to the area are surprised to find that the townships in our area are serviced by volunteer fire fighters.
We are there for our community 24 hrs a day- 7 days a week. I often ask myself what motivates me to respond at a moment’s notice at all hours of the day or night, but I just love it”.
CFA respond to a range of emergencies- from bushfires and grass fires, to house fires and car accidents.
With an eye on the summer months ahead, local fire fighters are already preparing for the fire season ahead with training and preparedness activities.
CFA is holding a Fire Action Week from October 10 -17. The week centres around community events that focus on the importance of writing and practising a fire plan, as well as clearing up and preparing your property.
More information is available at www.cfa.vic.gov.au
Volunteering as a CFA fire fighter is just one way Gisborne resident Peter Harry feels connected to the area.
“Growing up here I always had a desire to join in and help out and CFA is where I found my niche”. The 46 year old Operations Manager says fighting fires is now in his blood.
“Many people new to the area are surprised to find that the townships in our area are serviced by volunteer fire fighters.
We are there for our community 24 hrs a day- 7 days a week. I often ask myself what motivates me to respond at a moment’s notice at all hours of the day or night, but I just love it”.
CFA respond to a range of emergencies- from bushfires and grass fires, to house fires and car accidents.
With an eye on the summer months ahead, local fire fighters are already preparing for the fire season ahead with training and preparedness activities.
CFA is holding a Fire Action Week from October 10 -17. The week centres around community events that focus on the importance of writing and practising a fire plan, as well as clearing up and preparing your property.
More information is available at www.cfa.vic.gov.au
Weekly Auction & Sales Results, Market Overview
Saturday 2nd & Sunday 3rd October 2010
The clearance rate was 74 per cent this weekend, a very good result given the conflict with the AFL Grand Final. The clearance rate has also improved slightly compared to the overall result in September.
There were 473 auctions reported this weekend of which 348 sold and 125 were passed in, 67 of those on a vendors bid.
This weekend last year there was 486 auctions with a clearance rate of 84 per cent.
Of the auctions originally scheduled for today that were moved around half have been moved to next week and the other half to the following weekend.
Next weekend the REIV expects around 755 auctions and then 715 the weekend after.
CLICK ROR RESULTS
The clearance rate was 74 per cent this weekend, a very good result given the conflict with the AFL Grand Final. The clearance rate has also improved slightly compared to the overall result in September.
There were 473 auctions reported this weekend of which 348 sold and 125 were passed in, 67 of those on a vendors bid.
This weekend last year there was 486 auctions with a clearance rate of 84 per cent.
Of the auctions originally scheduled for today that were moved around half have been moved to next week and the other half to the following weekend.
Next weekend the REIV expects around 755 auctions and then 715 the weekend after.
CLICK ROR RESULTS
Spring is here
Finally spring has arrived. After what can only be described as, ‘drought breaking rain’, I am sure everyone is looking forward to some warmer weather.
As we now move into what is traditionally known as Real Estate’s SELLING SEASON and you are considering selling or buying. Let’s look at some important tips from the selling side.
Firstly presentation is everything. Whilst it is great to have a spectacular garden with all the bulbs out in bloom, the trees blossoming and the grass looking like a bowling green, don’t forget the small items inside that also make a huge difference.
After walking down the garden path the first impression that is sighted by a potential buyer is the front door – does it need attention, a coat of paint or just a good wash?
As you walk through your home little things that may not mean a lot to you but to the potential purchaser need to be looked at – replace blown light bulbs, give the home the appearance like you are expecting guests by setting the table and create a relaxing mood by playing some soft music, so buyers can walk around your home freely without feeling that someone is watching them.
I always believe that it is a good idea to get a friend to walk through your home and give you an objective opinion as they do not live there. They will see things you overlook.
The SELLING SEASON is here so if you have been considering selling please feel free to call me on 0419 388 778.
As we now move into what is traditionally known as Real Estate’s SELLING SEASON and you are considering selling or buying. Let’s look at some important tips from the selling side.
Firstly presentation is everything. Whilst it is great to have a spectacular garden with all the bulbs out in bloom, the trees blossoming and the grass looking like a bowling green, don’t forget the small items inside that also make a huge difference.
After walking down the garden path the first impression that is sighted by a potential buyer is the front door – does it need attention, a coat of paint or just a good wash?
As you walk through your home little things that may not mean a lot to you but to the potential purchaser need to be looked at – replace blown light bulbs, give the home the appearance like you are expecting guests by setting the table and create a relaxing mood by playing some soft music, so buyers can walk around your home freely without feeling that someone is watching them.
I always believe that it is a good idea to get a friend to walk through your home and give you an objective opinion as they do not live there. They will see things you overlook.
The SELLING SEASON is here so if you have been considering selling please feel free to call me on 0419 388 778.
The balance between renovating and selling
No matter what the reason is, you need to consider the cost of the renovation and compare that to the potential financial benefit.
This is important because over capitalising can be a risk. While most investors have a good understanding of what over capitalising is and how to avoid it, this is not always the case for owner–occupiers.
Over capitalising is spending money on renovating your house that you are unable to recoup because the value of your house did not increase as expected.
This is less of an issue if you never have the intention of leaving your home but if you want to sell at a later date you need to think it through carefully.
It can be a particular issue if you are considering selling soon and are weighing up the value of a new kitchen or bathroom.
When you are planning to renovate it is prudent to consult an estate agent and architect or building designer.
In the first instance you need to consider how much your property is currently worth and how this compares to the median price in your area. If you spend too much on your house you may put it out of reach of buyers in that area.
Also consider how your renovated property will fit into the area in which you live, as buyers are often attracted to a particular area because of a style of housing.
Finally, if you are looking to sell and move in the shorter term it is important to consider if the cost of the renovations will be recouped by an increased value; if not, renovating is not going to be worth the time, stress and cost.
Source REIV
This is important because over capitalising can be a risk. While most investors have a good understanding of what over capitalising is and how to avoid it, this is not always the case for owner–occupiers.
Over capitalising is spending money on renovating your house that you are unable to recoup because the value of your house did not increase as expected.
This is less of an issue if you never have the intention of leaving your home but if you want to sell at a later date you need to think it through carefully.
It can be a particular issue if you are considering selling soon and are weighing up the value of a new kitchen or bathroom.
When you are planning to renovate it is prudent to consult an estate agent and architect or building designer.
In the first instance you need to consider how much your property is currently worth and how this compares to the median price in your area. If you spend too much on your house you may put it out of reach of buyers in that area.
Also consider how your renovated property will fit into the area in which you live, as buyers are often attracted to a particular area because of a style of housing.
Finally, if you are looking to sell and move in the shorter term it is important to consider if the cost of the renovations will be recouped by an increased value; if not, renovating is not going to be worth the time, stress and cost.
Source REIV
New home sales fall prompts call for action
A third consecutive fall in new home sales has spurred the Housing Industry Association to call on the new government to take action.
The latest HIA-Jeld Wen New Home Sales Report revealed that the number of new homes sold fell by 7% in July 2010. Sales were down by 8% over the three months to July, to be 2% lower when compared to the same period in 2009.
The HIA is asking the government to adopt a three-point action plan: a new housing cost reduction program; a housing and development ministry; and recognition and support for small business.
“There needs to be a re-doubling of efforts to reduce the impact of regulation, development charging, and excessive taxation on the cost of new housing supply. This action needs to include considerable federal level engagement, without which Australia’s dwelling shortage will continue to increase, placing avoidable upward pressure on existing home prices and disadvantaging households seeking to purchase or rent a dwelling,” said HIA chief economist Harley Dale.
Detached house sales fell by 7.3% in July 2010, while sales in the multi-unit sector fell by 4.1%.
Source RP DATA Property Pulse
The latest HIA-Jeld Wen New Home Sales Report revealed that the number of new homes sold fell by 7% in July 2010. Sales were down by 8% over the three months to July, to be 2% lower when compared to the same period in 2009.
The HIA is asking the government to adopt a three-point action plan: a new housing cost reduction program; a housing and development ministry; and recognition and support for small business.
“There needs to be a re-doubling of efforts to reduce the impact of regulation, development charging, and excessive taxation on the cost of new housing supply. This action needs to include considerable federal level engagement, without which Australia’s dwelling shortage will continue to increase, placing avoidable upward pressure on existing home prices and disadvantaging households seeking to purchase or rent a dwelling,” said HIA chief economist Harley Dale.
Detached house sales fell by 7.3% in July 2010, while sales in the multi-unit sector fell by 4.1%.
Source RP DATA Property Pulse
Upsides of selling via auction
With some property markets still slowing and showing lower than previous clearance rates, it is natural that vendors are questioning the advantage of selling through auction. While auctions are not ideal for all properties, a slow market is no reason to shun the system. Many properties are still sold by public auction today.
Consider also that properties passed in at auction should not be viewed as failures; auction clearance rates are not necessarily accurate reflections of sales success. This is because the auction process does not stop when the hammer comes down – even when a property is passed-in, it will usually have generated enough interest throughout its campaign to attract offers afterwards. Again, the auction process highlights current market value and buyers and sellers can come to an agreement in a faster period of time than through a private sale.
The deadline of a four-week auction campaign tends to force buyers into make a decision in a tighter timeframe than a private sale situation: an auction creates an unconditional sale where there is no cooling-off period applicable and no terms and/or special conditions can be negotiated. You are also likely to sell your property faster through the auction process, as property sold this way typically has fewer ‘days on market’ than other private treaty methods of sale.
Consider also that properties passed in at auction should not be viewed as failures; auction clearance rates are not necessarily accurate reflections of sales success. This is because the auction process does not stop when the hammer comes down – even when a property is passed-in, it will usually have generated enough interest throughout its campaign to attract offers afterwards. Again, the auction process highlights current market value and buyers and sellers can come to an agreement in a faster period of time than through a private sale.
The deadline of a four-week auction campaign tends to force buyers into make a decision in a tighter timeframe than a private sale situation: an auction creates an unconditional sale where there is no cooling-off period applicable and no terms and/or special conditions can be negotiated. You are also likely to sell your property faster through the auction process, as property sold this way typically has fewer ‘days on market’ than other private treaty methods of sale.
Community Spirit Award
Third term at New Gisborne Primary School saw the start of an award that I am very proud to be involved with, ‘THE COMMUNITY SPIRIT AWARD.’
This award is not based on academic achievement or sporting capabilities, but purely a child’s involvement within the community. The award winners are nominated by the teachers.
The winners for term 3 were Thomas Stockdale for his incredible contribution to New Gisborne Primary School. Thomas has assisted Mr Goodyear with running the Sports Borrowing Program all year. He has sacrificed most of his lunch breaks to give New Gisborne Primary students the opportunity to access sporting equipment during their lunch breaks. When he finishes issuing equipment he uses his own time pumping up balls, organising shelves and cleaning the storeroom. Thomas has done all of this work voluntarily.
Following Thomas winning the first award we had joint winners for the month of September, Abbey and Mckenzie Bobos. For the second year running, both girls participated in the ‘Light the Night’ walk to raise funds for leukaemia research. A great community effort.
I look forward to continually working with New Gisborne Primary School and presenting this award to many more Community Spirit Award winners.
This award is not based on academic achievement or sporting capabilities, but purely a child’s involvement within the community. The award winners are nominated by the teachers.
The winners for term 3 were Thomas Stockdale for his incredible contribution to New Gisborne Primary School. Thomas has assisted Mr Goodyear with running the Sports Borrowing Program all year. He has sacrificed most of his lunch breaks to give New Gisborne Primary students the opportunity to access sporting equipment during their lunch breaks. When he finishes issuing equipment he uses his own time pumping up balls, organising shelves and cleaning the storeroom. Thomas has done all of this work voluntarily.
Following Thomas winning the first award we had joint winners for the month of September, Abbey and Mckenzie Bobos. For the second year running, both girls participated in the ‘Light the Night’ walk to raise funds for leukaemia research. A great community effort.
I look forward to continually working with New Gisborne Primary School and presenting this award to many more Community Spirit Award winners.
Thursday, September 30, 2010
Daylight Savings
Victoria, New South Wales, South Australia, Tasmania and the ACT all begin Daylight Savings this weekend.
At 2am the times moves forward an hour to 3am. We all ose an hours sleep.
Daylight saving for 2010-11 will last until April 3.
At 2am the times moves forward an hour to 3am. We all ose an hours sleep.
Daylight saving for 2010-11 will last until April 3.
Auction preview, 2 and 3 October
27-Sep-2010
Last weekend: 65 auctions, of which 52 sold
This weekend last year: 486 auctions, clearance rate of 84 per cent
This weekend 2008: 484 auctions, clearance rate of 68 per cent
Comment
Before St Kilda and Collingwood played the drawn grand final last Saturday, there were around 585 auctions scheduled this weekend. Due to the replay around 115 auctions have been moved from this weekend, the REIV now expects around 470 auctions.
As a result auction numbers have increased on the weeknds of 9/10 and 16/17 October.
Buyers are encoruaged to check the details of any auctions or open houses they had planned to attend.
To check on individual auctions please visit realestateVIEW.com.au
Last weekend: 65 auctions, of which 52 sold
This weekend last year: 486 auctions, clearance rate of 84 per cent
This weekend 2008: 484 auctions, clearance rate of 68 per cent
Comment
Before St Kilda and Collingwood played the drawn grand final last Saturday, there were around 585 auctions scheduled this weekend. Due to the replay around 115 auctions have been moved from this weekend, the REIV now expects around 470 auctions.
As a result auction numbers have increased on the weeknds of 9/10 and 16/17 October.
Buyers are encoruaged to check the details of any auctions or open houses they had planned to attend.
To check on individual auctions please visit realestateVIEW.com.au
Sunday, September 26, 2010
Weekly Auction & Sales Results, Market Overview
With Melbourne's attention focused on the grand final there were only 65 auctions reported this weekend.
Of the 65 auctions reported this weekend a total of 52 sold and 13 were passed in, 6 of those on a vendors bid.
No clearance rate has been reported due the total number of auctions being lower than 100.
The auction market springs back into next weekend with 585 auctions expected but the Grand Final repeat is not expected to impact the overall outcome.
Of the 585 auctions scheduled for next weekend there are around 50 that currently have a start time of 2.30pm or later.
CLICK FOR FULL RESULTS
Of the 65 auctions reported this weekend a total of 52 sold and 13 were passed in, 6 of those on a vendors bid.
No clearance rate has been reported due the total number of auctions being lower than 100.
The auction market springs back into next weekend with 585 auctions expected but the Grand Final repeat is not expected to impact the overall outcome.
Of the 585 auctions scheduled for next weekend there are around 50 that currently have a start time of 2.30pm or later.
CLICK FOR FULL RESULTS
Sunday, September 12, 2010
Weekly Auction & Sales Results, Market Overview
Saturday 11th & Sunday 12th September 2010
Another healthy result from this weekends 582 auctions with a clearance rate if 70 per cent reached.
This level of demand is consistent with recent results and suggests that the market has found a reasonable balance, and outcome that is in contrast to the past few years.
There were 612 auctions reported this weekend of which 427 sold and 185 were passed in, 121 of those on a vendors bid.
The REIV expects around 760 auctions next weeken
CLICK FOR FULL REPORT
Another healthy result from this weekends 582 auctions with a clearance rate if 70 per cent reached.
This level of demand is consistent with recent results and suggests that the market has found a reasonable balance, and outcome that is in contrast to the past few years.
There were 612 auctions reported this weekend of which 427 sold and 185 were passed in, 121 of those on a vendors bid.
The REIV expects around 760 auctions next weeken
CLICK FOR FULL REPORT
Thursday, September 9, 2010
SPRING MARKET
The strength of the much-anticipated spring auction season will be revealed in the three weeks prior to the AFL Grand Final. As in previous years, the early spring activity will set the scene for the remainder of the year.
The comparable period in the past three years presented very different outcomes, 2007, was a very strong year with strong price growth, 2008 was slow due to the global financial crisis and 2009 was a year of recovery.
In terms of stock levels, this year the REIV expects just over 2000 auctions to be held in the three weeks prior to the AFL Grand Final, compared to 2422 in 2007, 1734 in 2008 and 2096 last year.
CLICK FOR FULL REPORT
The comparable period in the past three years presented very different outcomes, 2007, was a very strong year with strong price growth, 2008 was slow due to the global financial crisis and 2009 was a year of recovery.
In terms of stock levels, this year the REIV expects just over 2000 auctions to be held in the three weeks prior to the AFL Grand Final, compared to 2422 in 2007, 1734 in 2008 and 2096 last year.
CLICK FOR FULL REPORT
Wednesday, September 8, 2010
Challenges for first home buyers this spring
The recent sales results and analysis from the REIV show that different segments of the market are experiencing differing levels of demand.
Demand has cooled in the upper end of the market, as prices seem to have peaked; yet in the middle and affordable segments, demand is still quite strong.
This has occurred for the same reason that saw the market rebound so rapidly from the problems of the global economy.
Demand is underpinned by a steadily growing population and the subsequent increase in demand for housing.
The resulting disparity between demand and supply, when supported by a good local economy and low unemployment, has resulted in strong conditions for residential property.
CLICK FOR FULL REPORT
Demand has cooled in the upper end of the market, as prices seem to have peaked; yet in the middle and affordable segments, demand is still quite strong.
This has occurred for the same reason that saw the market rebound so rapidly from the problems of the global economy.
Demand is underpinned by a steadily growing population and the subsequent increase in demand for housing.
The resulting disparity between demand and supply, when supported by a good local economy and low unemployment, has resulted in strong conditions for residential property.
CLICK FOR FULL REPORT
Sunday, September 5, 2010
Weekly Auction & Sales Results, Market Overview
Saturday 4th & Sunday 5th September 2010
If the first few weeks of spring sets the tone for the rest of the year then this spring will be one when buyers have good opportunities and vendors achieve healthy results. This is sort of balanced residential auction market Melbourne has not witnessed for a few years.
The clearance rate was 72 per cent, compared to 70 per cent last weekend.
There were 603 auctions reported this weekend with a total of 433 selling and 170 being passed in, 90 of those on a vendors bid.
This weekend last year saw 568 auctions and a clearance rate of 85 per cent.
Over the next fortnight the REIV expects around 1430 auctions.
Click for results
If the first few weeks of spring sets the tone for the rest of the year then this spring will be one when buyers have good opportunities and vendors achieve healthy results. This is sort of balanced residential auction market Melbourne has not witnessed for a few years.
The clearance rate was 72 per cent, compared to 70 per cent last weekend.
There were 603 auctions reported this weekend with a total of 433 selling and 170 being passed in, 90 of those on a vendors bid.
This weekend last year saw 568 auctions and a clearance rate of 85 per cent.
Over the next fortnight the REIV expects around 1430 auctions.
Click for results
Tuesday, August 17, 2010
Stamp Duty Table
The question is always asked, "How much Stamp Duty will I have to pay."
If you are in the market for a new home, I have attached a link to the Stamp Duty Table, which I am sure will be useful, when purchasing your Principle Place of Residence.
Click to view table
If you are in the market for a new home, I have attached a link to the Stamp Duty Table, which I am sure will be useful, when purchasing your Principle Place of Residence.
Click to view table
Sunday, August 15, 2010
Weekly Auction & Sales Results, Market Overview
The clearance rate for this weekends auctions was 68 per cent, a small increase from last weekend but largely in line with results this winter. Since the start of winter the clearance rate has been 70 per cent or higher twice, a remarkable contrast to summer and autumn when it was never lower than 73 per cent and frequently in the 80’s.
There was a total of 535 auctions reported this weekend of which 364 sold and 171 were passed in, of those 94 were passed in on a vendors bid.
This weekend last year saw 504 auctions held and a clearance rate of
85 per cent; interestingly this weekend is almost a repeat of 2008 when there was 465 auctions and a clearance rate of 65 per cent.
Auction listings drop next weekend to just over 300 due to the Federal Election.
Click For Results
Source REIV
There was a total of 535 auctions reported this weekend of which 364 sold and 171 were passed in, of those 94 were passed in on a vendors bid.
This weekend last year saw 504 auctions held and a clearance rate of
85 per cent; interestingly this weekend is almost a repeat of 2008 when there was 465 auctions and a clearance rate of 65 per cent.
Auction listings drop next weekend to just over 300 due to the Federal Election.
Click For Results
Source REIV
Sunday, August 8, 2010
Weekly Auction & Sales Results, Market Overview
This weekend has seen clearance rates remain in line with the performance of the market throughout July suggesting that little will change until after the Federal Election when stock levels will increase.
Unless buyer activity increases buyers will be presented with conditions that are more favourable than they have been over the past few months.
The clearance rate this weekend is 67 percent, from a total of 496 reported auctions.
There was a total of 331 homes sold and 165 passed in, 106 of those on a vendors bid.
This weekend last year saw 424 auctions and a clearance rate of 85 per cent achieved.
The REIV expects around 580 auctions next weekend and then a drop to 320 on the weekend of the Federal Election.
Enzo Raimondo
CEO REIV
Click to View Full Results
Unless buyer activity increases buyers will be presented with conditions that are more favourable than they have been over the past few months.
The clearance rate this weekend is 67 percent, from a total of 496 reported auctions.
There was a total of 331 homes sold and 165 passed in, 106 of those on a vendors bid.
This weekend last year saw 424 auctions and a clearance rate of 85 per cent achieved.
The REIV expects around 580 auctions next weekend and then a drop to 320 on the weekend of the Federal Election.
Enzo Raimondo
CEO REIV
Click to View Full Results
Tuesday, August 3, 2010
Community Spirit Award
Congratulations to Thomas Stockdale.
The winner of this award for August.
This award is in recognition of Thomas Stockdale’s incredible contribution to New Gisborne Primary School.
Thomas has assisted Mr Goodyear with running the Sports Borrowing program all year.
has sacrificed most lunchtimes to give New Gisborne students the opportunity to access sporting equipment during their breaks.
When he finishes lending out equipment he uses his own time pumping up balls, organising shelves and cleaning the storeroom to ensure that the sports storeroom is kept clean.
Thomas has done all of this work voluntarily.
The winner of this award for August.
This award is in recognition of Thomas Stockdale’s incredible contribution to New Gisborne Primary School.
Thomas has assisted Mr Goodyear with running the Sports Borrowing program all year.
has sacrificed most lunchtimes to give New Gisborne students the opportunity to access sporting equipment during their breaks.
When he finishes lending out equipment he uses his own time pumping up balls, organising shelves and cleaning the storeroom to ensure that the sports storeroom is kept clean.
Thomas has done all of this work voluntarily.
Sunday, July 11, 2010
Weekly Auction & Sales Results, Market Overview Week Ending Sunday 11th July 2010
There were 528 auctions reported this weekend with a total of 361 selling and 167 being passed in, 96 of those on a vendors bid.
The clearance rate from this weekend’s auctions is 68 per cent.
This weekend last year saw 293 auctions reported and a clearance rate of 85%. Next weekend the REIV expects 590 auctions.
Click to view full report
The clearance rate from this weekend’s auctions is 68 per cent.
This weekend last year saw 293 auctions reported and a clearance rate of 85%. Next weekend the REIV expects 590 auctions.
Click to view full report
Thursday, July 8, 2010
Auction preview 10-11 July
Last weekend: 585 auctions, clearance rate of 64 percent
This weekend last year: 292 auctions, clearance rate of 82 percent
This weekend 2008: 397 auctions, clearance rate of 66 percent
Comment
Last weekend saw an increase in the number of auctions in Melbourne with 57 per cent more homes sold compared to the same weekend last year.
Despite a clearance rate of 64 per cent, last weekend’s results indicate a strong market for the winter period as the mid 60s result is directly attributable to a comparable increase in stock levels.
It appears that the current high volumes will continue with 60 per cent more auctions scheduled in total over the next three weeks compared to the same period last year.
This trend indicates that the residential market is much more balanced, with purchasers less likely to be confronted with homes selling for unexpected prices; the best conditions buyer’s have seen in the last 18 months.
This weekend last year: 292 auctions, clearance rate of 82 percent
This weekend 2008: 397 auctions, clearance rate of 66 percent
Comment
Last weekend saw an increase in the number of auctions in Melbourne with 57 per cent more homes sold compared to the same weekend last year.
Despite a clearance rate of 64 per cent, last weekend’s results indicate a strong market for the winter period as the mid 60s result is directly attributable to a comparable increase in stock levels.
It appears that the current high volumes will continue with 60 per cent more auctions scheduled in total over the next three weeks compared to the same period last year.
This trend indicates that the residential market is much more balanced, with purchasers less likely to be confronted with homes selling for unexpected prices; the best conditions buyer’s have seen in the last 18 months.
Should there be an autumn selling season?
Every year the residential market gears up for the Spring Selling Season, this week we take a look at whether or not spring is worth the hype.
Every year we hear all the hype and excitement around the ‘Spring Selling Season’ as September comes closer however, the cold hard facts are that the spring season doesn’t see the greatest level of sales activity although it does record the greatest number of listings.
An analysis taken across sales volumes between January 2000 and December 2009 has found that on a national basis, it is actually March that is the busiest month for house and unit sales. On average over the last 10 years March has accounted for about 9.3% of all dwelling transactions on a national basis. The results have shown that despite the fact that March is the busiest month for sales there is little fluctuation in sales activity except within December and January when sales volumes fall away markedly. Clearly once everything starts to settle down after the Christmas / new year period, attention turns back to the property market resulting in strong sales volumes during March
Click to reas full article.
Every year we hear all the hype and excitement around the ‘Spring Selling Season’ as September comes closer however, the cold hard facts are that the spring season doesn’t see the greatest level of sales activity although it does record the greatest number of listings.
An analysis taken across sales volumes between January 2000 and December 2009 has found that on a national basis, it is actually March that is the busiest month for house and unit sales. On average over the last 10 years March has accounted for about 9.3% of all dwelling transactions on a national basis. The results have shown that despite the fact that March is the busiest month for sales there is little fluctuation in sales activity except within December and January when sales volumes fall away markedly. Clearly once everything starts to settle down after the Christmas / new year period, attention turns back to the property market resulting in strong sales volumes during March
Click to reas full article.
Sunday, June 27, 2010
Weekly Auction & Sales Results, Market Overview
The clearance rate from this weekend’s 827 auctions is 65 per cent, a result that clearly shows the impact of high stock levels throughout June.
The outlook for July reveals a lower number of homes offered for auction, around 550-600 per weekend and less opportunities for buyers.
This weekend last year saw 451 auctions and clearance rate of 87 per cent.
There have been 827 auctions this weekend with a total of 540 selling and 287 passed in, 178 of those on a vendors bid.
The REIV expects 590 auctions next weekend.
See full list of results here.
Source REIV
The outlook for July reveals a lower number of homes offered for auction, around 550-600 per weekend and less opportunities for buyers.
This weekend last year saw 451 auctions and clearance rate of 87 per cent.
There have been 827 auctions this weekend with a total of 540 selling and 287 passed in, 178 of those on a vendors bid.
The REIV expects 590 auctions next weekend.
See full list of results here.
Source REIV
Wednesday, June 23, 2010
UNEARTHED HIGH CONCERT
Congratulations to our hugely talented student band STONEFIELD (foemerly Iotah) for winning triple J’s Australia wide Unearthed High competition and today hosting the British India concert at Gisborne Secondary College today
The band is comprised of sisters Hannah, Sarah and Holly Findlay who all attend Gisborne Secondary College, as well as older sister Amy.
Apart from local gigs, STONEFIELD has previously appeared at the St Kilda Festival and the bushfire appeal at Fed Square.
You can hear the band in action by following the links at the triple J website.
Unearthed is triple j’s initiative to support independent, self-funded musicians and provide opportunities to those artists who show most potential.
The band is comprised of sisters Hannah, Sarah and Holly Findlay who all attend Gisborne Secondary College, as well as older sister Amy.
Apart from local gigs, STONEFIELD has previously appeared at the St Kilda Festival and the bushfire appeal at Fed Square.
You can hear the band in action by following the links at the triple J website.
Unearthed is triple j’s initiative to support independent, self-funded musicians and provide opportunities to those artists who show most potential.
Open letter on stamp duty and first home buyers from REIV CEO
23-Jun-2010
Victoria has one of the strongest economies in the nation and we should take advantage of that by helping first home buyers in the same way as four other states: give first home buyers a 100 per cent discount on stamp duty for an average home.
There is a direct link between the assistance offered to first home buyers and their ability to get a start in the market. Since the stimulus was withdrawn, first home buyers in Victoria have dropped from 30 per cent of the market to around 18 per cent.
Abolishing stamp duty for first home buyers does not need to cost as much as has been suggested. The intergovernmental agreement that established the $7,000 grant allows stamp duty to be offset with the grant.
Given the importance of promoting home ownership and improving affordability for first home buyers, this debate should not be left to the state election; the Treasurer should disclose how much it will cost so Victorians can compare the costs, benefits and options.
Source: REIV
Victoria has one of the strongest economies in the nation and we should take advantage of that by helping first home buyers in the same way as four other states: give first home buyers a 100 per cent discount on stamp duty for an average home.
There is a direct link between the assistance offered to first home buyers and their ability to get a start in the market. Since the stimulus was withdrawn, first home buyers in Victoria have dropped from 30 per cent of the market to around 18 per cent.
Abolishing stamp duty for first home buyers does not need to cost as much as has been suggested. The intergovernmental agreement that established the $7,000 grant allows stamp duty to be offset with the grant.
Given the importance of promoting home ownership and improving affordability for first home buyers, this debate should not be left to the state election; the Treasurer should disclose how much it will cost so Victorians can compare the costs, benefits and options.
Source: REIV
Weekly Auction & Sales Results, Market Overview
Sunday June 20th 2010
Compared with previous years there has been a record number of auctions this weekend, providing buyers with a good opportunities.
These conditions are expected to continue for the next few weeks.
Due to the record number of auctions the clearance rate was lower than was the case in previous weeks with 68 per cent of all homes auctioned selling.
There were 942 results reported this weekend with 638 homes selling and 304 being passed in, 199 of those on a vendors bid.
This weekend last year saw 540 auctions and a clearance rate of 86 per cent.
The REIV expects around 880 auctions next weekend.
See the full list of results here.
Source: REIV
Compared with previous years there has been a record number of auctions this weekend, providing buyers with a good opportunities.
These conditions are expected to continue for the next few weeks.
Due to the record number of auctions the clearance rate was lower than was the case in previous weeks with 68 per cent of all homes auctioned selling.
There were 942 results reported this weekend with 638 homes selling and 304 being passed in, 199 of those on a vendors bid.
This weekend last year saw 540 auctions and a clearance rate of 86 per cent.
The REIV expects around 880 auctions next weekend.
See the full list of results here.
Source: REIV
Sunday, June 20, 2010
AREC10
Last month I attended AREC10 (Australian Real Estate Conference) in Sydney, and had the pleasure of hearing many great speakers.
People often accuse AREC of been a Real Estate ‘junket’. However I believe in training regardless of what stage you are at in your career. Let me put it this way - If you are about to go into heart surgery and you discover your surgeon has not trained for 20 years and that he intends to use a procedure practiced 20 years ago, would you still want to proceed?
This year I was fortunate enough to hear from over 20 speakers including, Sir Bob GELDOF and Edward DE BONO. DE BONO is an author of over 62 books, an educator and a creator of the term ‘lateral thinking.’
Whilst being presented with a wonderful line up of speakers, it also allowed me to mix with colleagues throughout the industry and discuss the challenges for the year ahead. Whilst the first five months of the year has seen a shortage of stock levels, it does seem to be changing. Figures from the REIV show that the after the Queen’s Birthday long weekend there are a record 1000 auctions expected with the previous highest for that weekend being 681.
People often accuse AREC of been a Real Estate ‘junket’. However I believe in training regardless of what stage you are at in your career. Let me put it this way - If you are about to go into heart surgery and you discover your surgeon has not trained for 20 years and that he intends to use a procedure practiced 20 years ago, would you still want to proceed?
This year I was fortunate enough to hear from over 20 speakers including, Sir Bob GELDOF and Edward DE BONO. DE BONO is an author of over 62 books, an educator and a creator of the term ‘lateral thinking.’
Whilst being presented with a wonderful line up of speakers, it also allowed me to mix with colleagues throughout the industry and discuss the challenges for the year ahead. Whilst the first five months of the year has seen a shortage of stock levels, it does seem to be changing. Figures from the REIV show that the after the Queen’s Birthday long weekend there are a record 1000 auctions expected with the previous highest for that weekend being 681.
First 5 months, market review
The first five months of 2010 are now completed and the auction market has delivered some remarkable outcomes.
In February and March, the first two months in which a substantial number of auctions are held, the market exhibited record results. In February there were 2286 auctions, of which 85.6 per cent sold. In March there were 2931 auctions and the same clearance rate was recorded. This makes it the equal-fourth-strongest month for auctions in the city’s history, exceeded only by September 1999 (86 per cent), May 2007 (85.7 per cent) and July 2007 (86.5 per cent).
In April there were 1998 auctions held and a clearance rate of 82.7 per cent was recorded, slightly less than February and March but still well above the long term average clearance rate.
In May the number of auctions increased considerably to 4271. A combination of the high number of auctions and six consecutive interest rate increases lead to the clearance rate reducing by nine per cent to 75.3.
A review of the number of homes currently scheduled to be auctioned in June reveals that buyers will continue to have a stronger position, with the trend of historically high listings set to continue. In the first two weekends alone there are 1310 auctions scheduled. Over the last two years the entire month of June has recorded between 1600 and 1800 auctions, numbers that clearly will be exceeded this year.
From a year-to-date perspective the REIV has now recorded more sales than ever before, confirming that the underlying market is still healthy.
Source: REIV
In February and March, the first two months in which a substantial number of auctions are held, the market exhibited record results. In February there were 2286 auctions, of which 85.6 per cent sold. In March there were 2931 auctions and the same clearance rate was recorded. This makes it the equal-fourth-strongest month for auctions in the city’s history, exceeded only by September 1999 (86 per cent), May 2007 (85.7 per cent) and July 2007 (86.5 per cent).
In April there were 1998 auctions held and a clearance rate of 82.7 per cent was recorded, slightly less than February and March but still well above the long term average clearance rate.
In May the number of auctions increased considerably to 4271. A combination of the high number of auctions and six consecutive interest rate increases lead to the clearance rate reducing by nine per cent to 75.3.
A review of the number of homes currently scheduled to be auctioned in June reveals that buyers will continue to have a stronger position, with the trend of historically high listings set to continue. In the first two weekends alone there are 1310 auctions scheduled. Over the last two years the entire month of June has recorded between 1600 and 1800 auctions, numbers that clearly will be exceeded this year.
From a year-to-date perspective the REIV has now recorded more sales than ever before, confirming that the underlying market is still healthy.
Source: REIV
Drop in Clearance rates
As you may be aware the auction clearance rate has dropped compared to the first quarter of 2010 where each weekend recorded a clearance rate exceeding 80%. Last weekend the rate was 70%, however it was a good result considering it was the highest number of auctions Melbourne has had on a winter weekend.
Whilst the clearance rate has dropped what we don’t hear about is the majority of properties, around 80%, sell within 2 weeks of the auction day.
The rise in interest rates has been linked to the drop and the RBA were attempting to slow the economy down. Of interest though is experts are not forecasting another rise, rather a fall later in the year. This is good news to all following almost 6 consecutive rises.
Just remember if you are considering buying or selling now or in the future, you are buying or selling in the same market conditions.
Whilst the clearance rate has dropped what we don’t hear about is the majority of properties, around 80%, sell within 2 weeks of the auction day.
The rise in interest rates has been linked to the drop and the RBA were attempting to slow the economy down. Of interest though is experts are not forecasting another rise, rather a fall later in the year. This is good news to all following almost 6 consecutive rises.
Just remember if you are considering buying or selling now or in the future, you are buying or selling in the same market conditions.
Economic Development and Tourism in the Macedon Ranges
Buying locally is a vitally important way to ensure a sustainable future for the Macedon Ranges in economic and social terms. Buying from local businesses means business growth, and business growth means more skilled jobs in the community.
To ensure the economic sustainability of such a vibrant, diverse and growing region, it is important to generate jobs for future generations. Council, through its Economic Development and Tourism Unit, is committed to providing support to businesses in the Macedon Ranges.
The region’s relaxed lifestyle and proximity to Melbourne is attracting new businesses daily. In particular, small to medium businesses covering light industrial, hospitality, retail and services are discovering the delights of this beautiful region.
There was a time when locals had to travel afar for quality tradespeople and services, but now these people are firmly entrenched throughout our community.
For further information on economic development related activities, please call the Macedon Ranges Shire Council on 5421 9616 or visit the website and follow the links to Tourism and Business.
To ensure the economic sustainability of such a vibrant, diverse and growing region, it is important to generate jobs for future generations. Council, through its Economic Development and Tourism Unit, is committed to providing support to businesses in the Macedon Ranges.
The region’s relaxed lifestyle and proximity to Melbourne is attracting new businesses daily. In particular, small to medium businesses covering light industrial, hospitality, retail and services are discovering the delights of this beautiful region.
There was a time when locals had to travel afar for quality tradespeople and services, but now these people are firmly entrenched throughout our community.
For further information on economic development related activities, please call the Macedon Ranges Shire Council on 5421 9616 or visit the website and follow the links to Tourism and Business.
Home Fire Safety
When buying or selling a home, we are quick to think of the obvious features that make the property desirable.
However homes that feature a few simple fire safety features are priceless.
CFA attends more than 1000 house fires every year, so protecting your family and your home is worth every cent.
Fortunately there are a few simple things you can do to help protect your family from the dangers of fire. Taking the time to “check your hotspots”, making sure you have a working smoke alarm, and preparing a home escape plan can give you a greater chance of avoiding the devastating effects of fire.
Your local Gisborne CFA responds to fire and emergencies 24/7. Some people are surprised to learn that 100% of members in the Macedon Ranges are volunteers –fully trained fire fighters committed to protecting our community. So next time you see our fire fighters responding to an emergency, spare a thought for these guys and girls who have dropped everything to be there in someone’s time of need.
If you would like to learn more, or even bring the kids down to see a fire truck up close, drop in any Sunday morning and say hello.
However homes that feature a few simple fire safety features are priceless.
CFA attends more than 1000 house fires every year, so protecting your family and your home is worth every cent.
- Make sure you have a working smoke alarm
- Home fire safety equipment including a fire blanket and fire extinguisher (and learn how to use it)
- Make a home fire escape plan and practise it with all members of your family
- Teach all members of the family how to dial 000 in an emergency
Fortunately there are a few simple things you can do to help protect your family from the dangers of fire. Taking the time to “check your hotspots”, making sure you have a working smoke alarm, and preparing a home escape plan can give you a greater chance of avoiding the devastating effects of fire.
Your local Gisborne CFA responds to fire and emergencies 24/7. Some people are surprised to learn that 100% of members in the Macedon Ranges are volunteers –fully trained fire fighters committed to protecting our community. So next time you see our fire fighters responding to an emergency, spare a thought for these guys and girls who have dropped everything to be there in someone’s time of need.
If you would like to learn more, or even bring the kids down to see a fire truck up close, drop in any Sunday morning and say hello.
Campaigning for Food with REAL flavour
I recently had the pleasure at eating at Gisborne’s newest restaurant “Oma Slow”
A pleasant experience of delicious food and superb service.
How many times have you been out for a meal and thought to yourself “I could have made this 10 times better myself”? David Morant, owner and cook of Oma Slow in Gisborne has had these disappointing experiences as much as anyone. “With the abundant variety of fantastic produce available to us today in Australia there is absolutely no excuse for serving bland, tasteless food!” David laments. “If we choose to go out for a meal then we look forward to a great experience. We expect chefs and cooks to be the best at preparing great food, and if we’re paying, then of course it should be better than we could do ourselves in our own kitchen”.
Eating at Oma Slow is a unique experience. There is a long list of delicious appetizers to choose from to stimulate the taste buds and match the thoughtful wine and beer selection. David and partner Janet Leung, have decided to concentrate on a choice from only 2 main dishes for the evening meal, 1 vegetarian and 1 fish or meat option. “We decided to do this because it’s like you’ve been invited to eat at our home. Oh and there’s always a dessert you can’t refuse and stunning cheese choices all complimented by beautiful wines.”
To find out what’s on for dinner, you can register on Oma Slow’s mailing list and receive the weekly forthcoming menu. Make up your own mind about how tasty Dave and Janet’s food is by heading down to Oma Slow, Shop 10/45 Brantome Street, Gisborne or make a booking on 54207468. Fully licensed and open Thursday to Sunday 4 – 11pm.
For further information
Contact Janet Leung 0404 158 395 / 5420 7468
A pleasant experience of delicious food and superb service.
How many times have you been out for a meal and thought to yourself “I could have made this 10 times better myself”? David Morant, owner and cook of Oma Slow in Gisborne has had these disappointing experiences as much as anyone. “With the abundant variety of fantastic produce available to us today in Australia there is absolutely no excuse for serving bland, tasteless food!” David laments. “If we choose to go out for a meal then we look forward to a great experience. We expect chefs and cooks to be the best at preparing great food, and if we’re paying, then of course it should be better than we could do ourselves in our own kitchen”.
Eating at Oma Slow is a unique experience. There is a long list of delicious appetizers to choose from to stimulate the taste buds and match the thoughtful wine and beer selection. David and partner Janet Leung, have decided to concentrate on a choice from only 2 main dishes for the evening meal, 1 vegetarian and 1 fish or meat option. “We decided to do this because it’s like you’ve been invited to eat at our home. Oh and there’s always a dessert you can’t refuse and stunning cheese choices all complimented by beautiful wines.”
To find out what’s on for dinner, you can register on Oma Slow’s mailing list and receive the weekly forthcoming menu. Make up your own mind about how tasty Dave and Janet’s food is by heading down to Oma Slow, Shop 10/45 Brantome Street, Gisborne or make a booking on 54207468. Fully licensed and open Thursday to Sunday 4 – 11pm.
For further information
Contact Janet Leung 0404 158 395 / 5420 7468
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