#Real estate agents in Penrith
Explore tagged Tumblr posts
realestateagentspenrith · 2 years ago
Text
Sell Your Property with These Real Estate Agents Penrith NSW
Finding a new property is always a massive stress for buyers, and this stress can be mitigated very easily with the help of real estate agents Penrith NSW. This real estate agency is there to help you find a new property based on your requirements and specifications. There are some top local agents always on standby to connect to those looking to sell their property.
0 notes
davalichemdry · 2 years ago
Text
Carpet Cleaning Penrith - How to Get Rid of Urine and Other Stains from Your Carpets
Having dirty carpets can make your whole house look dingy. It’s important to get them cleaned regularly. It can also help you prevent allergies and asthma. You can choose the right cleaning company for your needs.
Mighty Clean is one of the best. They use the latest technology and specialist Ecofriendly (and child safe) cleaning products to make your carpets look like new.
Urine
Urine can be one of the most difficult stains to remove from carpet. It can also be a breeding ground for bacteria and disease-causing pathogens if it is not removed properly. Urine stains are best treated as soon as they happen. Soak up as much of the liquid as possible with paper towels or a cotton cloth, pressing firmly into the stain. Rinse the area with clean, cool water and blot dry. Next, flush the spot with white vinegar and blot again. Finally, use a commercial spot cleaner like Stanley Steemer Spot Remover, which contains an enzyme that breaks down proteins from urine and other sources of odor.
Wine
If wine gets spilled on the carpet it leaves a colour mark and smell. This can be removed by washing the carpet with a cleaning solution. It’s also important to clean the stains immediately after they happen, so that they don’t set.
If you can’t get the stain out, try blotting it dry with club soda or milk. The acid in these substances breaks down the red wine, which makes it easier to remove. If you’ve tried this and the stain is still there, it may be time to call in a professional.
If your carpets are stained, call Mighty Clean for a professional deep cleaning. They use the latest technology and specialist eco-friendly (& child safe) cleaning products to make sure your carpets are sparklingly clean. They work with home owners, real estate agents and a range of other businesses in the Penrith area. Their clients are all happy with their service and often refer them to others.
Food Material
If food material is allowed to sit on your carpet it can be very difficult to remove. This is because the stain becomes absorbed into the fibres and it can take some serious work to get it out. Luckily, some companies can provide you with professional food material removal from your carpet.
Might Clean Carpet Cleaning Penrith has a great reputation for getting even the most stubborn of stains out (they often get called in to remove stains other cleaners couldn’t). They use specialist Eco-friendly (& child safe) cleaning products and techniques that are safe for your family and pets.
Their team of professionals is highly experienced and can help you get your carpets back to looking like new. They offer a wide range of services, including steam carpet cleaning and upholstery cleaning. They can also remove pet stains and odours from your carpets. This can make it easier to sell your property or pass the next rental inspection.
End of Lease Carpet
End of lease cleaning is a crucial step for tenants before moving out of a rental property. It is the tenant’s responsibility to return the carpets in good condition (aside from normal wear and tear). If the carpets are dirty or stained during the final inspection, the renter could lose their bond.
A professional penrith carpet cleaning service is the best way to ensure that all stains and marks are removed from the carpet fibres. A reputable company will use high-quality, childsafe and eco-friendly products that are safe for your home or office. They will also spot-test the products on an inconspicuous area of the carpet before using them on the entire surface. This helps them avoid damaging the carpets, and they can also recommend ways to prevent future stains. This can help you get your full security deposit back when you move out. And it can make your new landlord happy, too.
0 notes
conveyancingavenue · 2 years ago
Text
Conveyancer Penrith
A Conveyancer at Penrith is a legal professional who specializes in facilitating the transfer of ownership of real property, also known as conveyancing. They help buyers and sellers navigate the legal process involved in buying or selling a property, including ensuring that all the necessary documents are properly prepared and filed, and that all legal requirements are met.
Conveyancing is a complex process that involves a lot of legal documents, checks, and procedures. A conveyancer's role is to ensure that all of these documents and procedures are in place and that the transaction is legal and binding. In this article, we'll take a closer look at what conveyancers do and why they are essential to the real estate industry.
First, let's explore the role of a conveyancer in more detail. When someone buys or sells a property, there are several legal steps that need to be taken to transfer ownership of the property. These steps can include:
Conducting searches: A conveyancer will conduct various searches to ensure that there are no issues with the property, such as liens or easements. These searches can include title searches, zoning searches, and environmental searches, among others.
Preparing legal documents: A conveyancer will prepare all of the legal documents required for the transaction, such as the contract of sale, transfer of land, and mortgage documents. They will also ensure that these documents comply with all legal requirements.
Arranging for payment: A conveyancer will facilitate the payment of the purchase price, as well as any fees or taxes associated with the transaction.
Liaising with other professionals: A conveyancer will work closely with other professionals involved in the transaction, such as real estate agents, mortgage brokers, and lawyers.
Settling the transaction: A conveyancer will facilitate the settlement of the transaction, which involves exchanging the purchase price for the transfer of ownership of the property.
Now that we have a better understanding of what conveyancers do, let's take a closer look at why they are essential to the real estate industry.
Firstly, conveyancers are responsible for ensuring that the transaction is legal and binding. This means that they must ensure that all legal requirements are met, and that all of the necessary documents are properly prepared and filed. This is important because if there are any issues with the transaction, it could result in costly legal disputes down the road.
Secondly, conveyancers help to protect the interests of both the buyer and the seller. They will conduct searches to ensure that there are no issues with the property, such as unpaid taxes or liens, that could affect the transaction. They will also ensure that all of the legal documents are properly prepared and that the transaction is fair to both parties.
Finally, if anyone buy or sell properties at the Penrith then, conveyancers can help to make the transaction process smoother and less stressful for both the buyer and the seller. They will liaise with other professionals involved in the transaction, such as real estate agents and lawyers, to ensure that everything is running smoothly. Conveyancer Penrith will also keep both parties informed throughout the process, so that they know what to expect.
In conclusion, conveyancers play an essential role in the real estate industry. They are responsible for ensuring that the transaction is legal and binding, protecting the interests of both the buyer and the seller, and making the transaction process smoother and less stressful. If you are buying or selling a property, it is important to work with a qualified conveyancer to ensure that the transaction is conducted properly and legally.
1 note · View note
amariejewelry · 4 years ago
Text
The right real estate agent for you
Relating to acquiring a loan for your residence, you have to get the greatest home finance loan alternatives that will fully satisfy your needs and requirements immediately at all. It doesn't matter what much cash you're going to need and how much options you are hoping for, to really make it a lot more straightforward and effective, you'll must ensure you have a proven method important from the right mortgage loan officer penrith that will not disappointed you. And, despite the fact that, there are many options to pick from out there lately, you will end up off trying to find the maximum reliable mixture of quality and price.
Tumblr media
Well, if that's the situation and you are consequently without a doubt trying to find the ideal choice the industry can give, we have wonderful news for you! The large financial company western Sydney provide you with a ton of prospects that will easily gratify all of your wants in many different options than one and also within the lowest timeframe conceivable. The real estate agent penrith will simply take care of every single detail for you, generating 100% sure that you'll receive the perfect price ranges and the best ailments out there within the lowest length of time achievable. The penrith mortgages offers you tons of great ways to be sure that you are becoming the best alternatives on the market industry. Thus, for anyone who is seeking the perfect replacing Penrith and you need experienced companies that won't disappoint you and will make course of action translucent for you in lots of alternative ideas than one, do not wait to look into the official website page and make informed decision according to all of the obtained information. The financial solutions western Sydney you can get the results that you crave before you know it at all and with no strings attached - what more can you possibly wish for? So go ahead and go ahead and discover all the options that will not let you down and will permit you to take advantage of from your needs together with demands - that much is utterly certain. So proceed to feel free to get the ideal way to go and you will positively in no way be sorry. More information about financial services penrith visit this popular webpage
0 notes
jakanda-builder · 6 years ago
Text
Four reasons to renovate your current home
Deciding whether to renovate your current home or to purchase another property is an extremely important and complex decision that will impact your long-term financial position (no pressure). Here are four reasons why a ground floor extension could be a more viable option for you, your wallet and your sanity.
Tumblr media
No major inconvenience
Firstly the inconvenience caused by tradies working busily at your house in the early hours of the morning is nothing in comparison to the awkwardness of arranging temporary accommodation i.e. living with your in- laws. Yes, its rent free but now you have to continually stop your dog from sitting in your father in law’s favourite seat and contain the noise your kids make after 7:30pm because your in-laws have gone to bed. Sure, you could do this for one or two weeks even a month… but could you do this for the time it takes to build a new house.
Memories
Secondly, you look at your kids now and they are nearly adults… well they talk back, eat like adults and cost you a fortune but long ago they were sweet innocent little angels and certain parts of the house remind you of those precious moments like the area in the living room where your son used to like crawling around on the floor. You might not be prepared to part from those memories just yet and you won’t need to if you decide to complete a ground floor extension instead of moving to a new home.
 Costs
Thirdly it’s understandable for a move to be expensive, but the costs of moving can stack up and place unnecessary extra pressure on your family’s income for the medium to long term.  
Here are some examples:
·         Storage costs,
·         Solicitor costs… every time they have to send an email and/or have a conversation with someone you will hear a ‘cha ching’ sound in the air.
·         Inspection costs,
·         Real estate agent costs,
·         Mortgage payments and changes to your mortgage and
·         Government taxes.
·         Accommodation costs (for when your in-laws ask you to politely leave).
After all the stress of moving you will need a holiday, unfortunately you won’t be able to afford one for at least five years. So this is why a ground floor extension starts to sound more appealing as it reduces the risk of increased expense.
 Buying a home Sam built
Lastly, Sam is the person that built the house you are considering to buy. He didn’t have to take into account your growing family’s needs so that’s why the kitchen Sam built has two seats around the breakfast bar. You currently have four and you end up standing up and eating your breaky most of the time. When you complete renovations on your own home, you can design and change your current space to fit your exact needs instead of trying to fit your family’s lifestyle into a house that doesn’t really suit. Thanks but no thanks Sam.
 So for this reason ground floor extensions are a viable option when assessing the growing needs of your family. Ground floor extensions give you more options; you just need someone with the expertise to show you your homes true uncapped potential.
Jakanda is an Australian owned company based in the Penrith area of Sydney (Building in the greater Western Sydney region). Since Jakanda’s commencement, they have constructed hundreds of projects, including ground floor extensions. Click here  for further information or if you prefer you may call one of the owners Terry Becker on 0404 475 230.
0 notes
jerrymcguireau · 7 years ago
Text
The Sydney suburbs where the highest proportion of bond money is forfeited by tenants Domain News
Where do the worst tenants in Sydney live?
Based on data released for the first time by Fair Trading, it’s the renters of a little pocket of the south-west with the postcode 2163: Carramar, Lansdowne and Villawood.
Partly in Canterbury-Bankstown and partly in Liverpool and Fairfield, that particular spot has topped Sydney’s rental hall of shame, with a staggering 61 per cent of bond money retained by agents over the April-June quarter in disputes about, or non-payment of, rent.
In Georges Hall 57 per cent of rental bond money was retained.
In third place was more misery for the south-west, with tenants in Cabramatta, Canley Heights, Canley Vale and Lansvale – at postcode 2166 – forfeiting a collective 54 per cent of their bond money.
The data, from the NSW government’s secure online lodgement system Rental Bonds Online, which holds more than 800,000 rental bonds, was released on Thursday by the Minister for Better Regulation Matt Kean. It’s the first time such information has been made publicly available.
“I want to put consumers first and this data does that by allowing open, transparent access to useful rental information,” Mr Kean said. “This untouched data can be analysed by individuals trying to decide where to rent or invest, as well as innovators who could use the data to create apps and other programs to help consumers.”
It tells a sorry story for many of the investors who have raced to buy lower-priced property in the south-west, and lease it out, and are now seeing parts of that area with the highest rates of retention of rental bond money, often indicating difficulties in paying rents.
Only those towns in the Blacktown area of western Sydney with the postcode 2770 offered them any relief, with those coming in at fourth place on the bottom 10 list, losing 51 per cent of their bond money: the suburbs of Bidwill, Blackett, Dharruk, Emerton, Hebersham, Lethbridge Park, Minchinbury, Mount Druitt, Shalvey, Tregear, Whalan and Willmot. 
South west Sydney real estate agency director Nickolas Dilles of Century 21 Fairfield said it was still an excellent region to invest in. “The delinquency rate really isn’t that bad, and if you have a good agent then they’ll do all the checks and balances to make sure they’ll get an excellent tenant in.
“On the plus side, it’s also very affordable and cheap, and investors can get a better return than in the eastern suburbs or inner west. Here, you can get rental yields of five to six per cent, and more if you add a granny flat to the back of the house as we often have larger blocks.” 
In fifth place came more misery for the south west with Bass Hill, in postcode 2197, losing 50 per cent of bond money, and then in sixth, nearby Yagoona and Yagoona West in postcode 2199, dropped 49 per cent.
Domain Group chief economist Dr Andrew Wilson said that, with rents so high in Sydney and the median rent now sitting at $550 a week, many tenants were being forced into accommodation they couldn’t really afford just to have a roof over their heads. This could ultimately lead to defaults and rental bonds being retained.
“Rents in Sydney today are 30 per cent higher than they are in Melbourne and they’re rising faster than incomes,” Dr Wilson said. “I guess that that means many people are being forced to pay more than they have and, with people in the south-west often having lower income levels than in some other parts of Sydney, defaults would be higher there.” 
Tenants’ Union of NSW advocacy and research officer Leo Patterson Ross said the trend in Sydney’s south-west mirrored lower income areas, with census figures showing more than half of people in Georges Hall were paying more than 30 per cent of their rent.
“It’s a clear indication that people in lower income areas are more likely to fall into arrears and the bond is a buffer in those cases,” said Mr Patterson Ross.
He said those on lower incomes were less likely to dispute a bond because there was more at stake when it came to preserving a good relationship with a landlord.
Mr Patterson Ross also made a connection between the high proportion of forfeited bonds, in some cases, and areas with strong migrant populations, arguing that tenants might not be aware they could dispute a confiscated bond.
Mr Kean said the release of this information was helpful for both property-buyers and those who leased them. “Whether families want to live in Paddington or Penrith, Hornsby or Harrington Park, this is an invaluable insight that can help them choose where to rent, invest or purchase a home,” he said.
“The applications of this data are wide-ranging; investors can use it to locate new and emerging rental markets, tenants can find the best and cheapest areas to rent in, and tenants and agents can use it to find areas with long-term residents or families in the community.”  
Quarterly house price report
from https://highpowerclean.com.au/the-sydney-suburbs-where-the-highest-proportion-of-bond-money-is-forfeited-by-tenants-domain-news/
from High Power Cleaning Melbourne - Blog http://highpowercleanau.weebly.com/blog/the-sydney-suburbs-where-the-highest-proportion-of-bond-money-is-forfeited-by-tenants-domain-news
0 notes
realestateagentspenrith · 2 years ago
Text
Top Tax Deductions for Investment Property Owners in Australia
Property investors have more than sufficient opportunities related to tax deductions in Australia. For this reason, the real estate industry in Australia still progresses in all odd conditions. If you need to know how much to claim at tax time, you must get in touch with top-rated real estate agents Penrith. For more details, visit our blog https://penrithrealestateagents.blogspot.com/2023/02/top-tax-deductions-for-investment.html
0 notes
davalichemdry · 2 years ago
Text
Why Carpet Cleaning Penrith Is Recommendable
Carpets are one of the dirtiest areas in your home. Vacuuming can get rid of some of the dust but it won't remove all of it, so a professional Carpet Cleaning Penrith is recommended.
 If you have a dirty carpet you need to clean it as soon as possible, or your house will be a breeding ground for germs! Contact Always Fresh Carpet for an affordable cleaning service.
Deep Cleaning
Deep cleaning is a more in-depth service than standard cleaning. This includes sanitizing and disinfecting areas throughout your home, removing stains and odors, and making it healthier for you and your family.
The best part about deep cleaning is that it only takes a few times a year (two or three times). It helps get rid of the slow-building dirt and grime that builds up in your home.
Another benefit of this service is that it can be used to remove a wide range of stains. Blood, for example, has a variety of chemically active components that can cause serious stains when it is spilled on the carpet.
Thankfully, these stains can be removed with the help of professional stain removal services. They will treat the stains with cleaning solutions and blot them dry to avoid a re-stain. They also offer a range of additional services, such as furniture restoration and end-of-lease cleaning. They have a range of affordable options for both residential and commercial customers.
Stain Removal
Stains can be a real pain to remove. They are discolourations from foreign matter that has penetrated or chemically reacted with a carpet. Examples include dyes from food colouring, paint, make-up, biro, ink and pet urine.
There are a few different ways to remove these stains from your carpet. The first is to use a mixture of water and dish soap to clean the stain, then blot with a paper towel and repeat until the stain is gone.
Another method is to apply a solution of low moisture, which can be used as an extraction cleaning product on tough contamination stains (like wine and pet stains). It works quickly and effectively to extract the stain and dry the carpet to a crisp, fresh look.
If you have a really stubborn stain that is just not going away, it may be time to call in the professionals! A carpet cleaner with a lot of experience will be able to take the stain out and leave your carpet looking like new again.
End of Lease Cleaning
When you are moving out of a rental property, it is important to ensure that the property is cleaned in a way that will help you to secure your bond back. This is why it is important to hire a professional cleaning service to assist with the job.
Jim’s Vacate Clean is a fully bonded and police checked company; so you can be sure that your Penrith end of lease clean will be completed perfectly, ready for the next tenants. Call us today on 131 546 or book online 24/7; and our highly trained, professional team will take care of everything for you.
Our move out clean checklist includes all the necessary cleaning tasks that are required to make sure the home is cleaned to the highest standard. This will help you to make your move as stress free as possible, and will also ensure that you are able to secure your bond back from the landlord or real estate agent.
Local Cleaning
Carpets and rugs are a significant investment for your home, they are not only beautiful but also help you create a warm and inviting environment. However, they are subject to a lot of wear and tear from your family, pets or guests. This is why it’s important to regularly clean your carpets so they look as good as new.
Mighty Clean are a local company who provide a quality, professional service to homes and businesses across the Penrith area. They use the latest technology and specialist Eco-friendly (& child safe) cleaning products to get your carpets, rugs and upholstery looking great. They are experts at stain removal too and have a plethora of satisfied clients in the area. They can work with you on a monthly or quarterly basis, or if you’re in need of an end of lease cleaning they have the expertise to get the job done. Their staff are friendly and approachable, they also use eco-friendly products to keep your carpets and rugs as healthy as possible.
0 notes
nancydpolardau · 7 years ago
Text
The Sydney suburbs where the highest proportion of bond money is forfeited by tenants – Domain News
Where do the worst tenants in Sydney live?
Based on data released for the first time by Fair Trading, it’s the renters of a little pocket of the south-west with the postcode 2163: Carramar, Lansdowne and Villawood.
Partly in Canterbury-Bankstown and partly in Liverpool and Fairfield, that particular spot has topped Sydney’s rental hall of shame, with a staggering 61 per cent of bond money retained by agents over the April-June quarter in disputes about, or non-payment of, rent.
In Georges Hall 57 per cent of rental bond money was retained.
In third place was more misery for the south-west, with tenants in Cabramatta, Canley Heights, Canley Vale and Lansvale – at postcode 2166 – forfeiting a collective 54 per cent of their bond money.
The data, from the NSW government’s secure online lodgement system Rental Bonds Online, which holds more than 800,000 rental bonds, was released on Thursday by the Minister for Better Regulation Matt Kean. It’s the first time such information has been made publicly available.
“I want to put consumers first and this data does that by allowing open, transparent access to useful rental information,” Mr Kean said. “This untouched data can be analysed by individuals trying to decide where to rent or invest, as well as innovators who could use the data to create apps and other programs to help consumers.”
It tells a sorry story for many of the investors who have raced to buy lower-priced property in the south-west, and lease it out, and are now seeing parts of that area with the highest rates of retention of rental bond money, often indicating difficulties in paying rents.
Only those towns in the Blacktown area of western Sydney with the postcode 2770 offered them any relief, with those coming in at fourth place on the bottom 10 list, losing 51 per cent of their bond money: the suburbs of Bidwill, Blackett, Dharruk, Emerton, Hebersham, Lethbridge Park, Minchinbury, Mount Druitt, Shalvey, Tregear, Whalan and Willmot. 
South west Sydney real estate agency director Nickolas Dilles of Century 21 Fairfield said it was still an excellent region to invest in. “The delinquency rate really isn’t that bad, and if you have a good agent then they’ll do all the checks and balances to make sure they’ll get an excellent tenant in.
“On the plus side, it’s also very affordable and cheap, and investors can get a better return than in the eastern suburbs or inner west. Here, you can get rental yields of five to six per cent, and more if you add a granny flat to the back of the house as we often have larger blocks.” 
In fifth place came more misery for the south west with Bass Hill, in postcode 2197, losing 50 per cent of bond money, and then in sixth, nearby Yagoona and Yagoona West in postcode 2199, dropped 49 per cent.
Domain Group chief economist Dr Andrew Wilson said that, with rents so high in Sydney and the median rent now sitting at $550 a week, many tenants were being forced into accommodation they couldn’t really afford just to have a roof over their heads. This could ultimately lead to defaults and rental bonds being retained.
“Rents in Sydney today are 30 per cent higher than they are in Melbourne and they’re rising faster than incomes,” Dr Wilson said. “I guess that that means many people are being forced to pay more than they have and, with people in the south-west often having lower income levels than in some other parts of Sydney, defaults would be higher there.” 
Tenants’ Union of NSW advocacy and research officer Leo Patterson Ross said the trend in Sydney’s south-west mirrored lower income areas, with census figures showing more than half of people in Georges Hall were paying more than 30 per cent of their rent.
“It’s a clear indication that people in lower income areas are more likely to fall into arrears and the bond is a buffer in those cases,” said Mr Patterson Ross.
He said those on lower incomes were less likely to dispute a bond because there was more at stake when it came to preserving a good relationship with a landlord.
Mr Patterson Ross also made a connection between the high proportion of forfeited bonds, in some cases, and areas with strong migrant populations, arguing that tenants might not be aware they could dispute a confiscated bond.
Mr Kean said the release of this information was helpful for both property-buyers and those who leased them. “Whether families want to live in Paddington or Penrith, Hornsby or Harrington Park, this is an invaluable insight that can help them choose where to rent, invest or purchase a home,” he said.
“The applications of this data are wide-ranging; investors can use it to locate new and emerging rental markets, tenants can find the best and cheapest areas to rent in, and tenants and agents can use it to find areas with long-term residents or families in the community.”  
Quarterly house price report
from End of Lease Cleaning Melbourne|Bond back cleaning|Bond Cleaning |Vacate cleaning Melbourne https://highpowerclean.com.au/the-sydney-suburbs-where-the-highest-proportion-of-bond-money-is-forfeited-by-tenants-domain-news/ from High Power Cleaning Melbourne https://highpowercleanau.tumblr.com/post/164563282011
0 notes
tonyzekeau · 7 years ago
Text
The Sydney suburbs where the highest proportion of bond money is forfeited by tenants – Domain News
Where do the worst tenants in Sydney live?
Based on data released for the first time by Fair Trading, it’s the renters of a little pocket of the south-west with the postcode 2163: Carramar, Lansdowne and Villawood.
Partly in Canterbury-Bankstown and partly in Liverpool and Fairfield, that particular spot has topped Sydney’s rental hall of shame, with a staggering 61 per cent of bond money retained by agents over the April-June quarter in disputes about, or non-payment of, rent.
In Georges Hall 57 per cent of rental bond money was retained.
In third place was more misery for the south-west, with tenants in Cabramatta, Canley Heights, Canley Vale and Lansvale – at postcode 2166 – forfeiting a collective 54 per cent of their bond money.
The data, from the NSW government’s secure online lodgement system Rental Bonds Online, which holds more than 800,000 rental bonds, was released on Thursday by the Minister for Better Regulation Matt Kean. It’s the first time such information has been made publicly available.
“I want to put consumers first and this data does that by allowing open, transparent access to useful rental information,” Mr Kean said. “This untouched data can be analysed by individuals trying to decide where to rent or invest, as well as innovators who could use the data to create apps and other programs to help consumers.”
It tells a sorry story for many of the investors who have raced to buy lower-priced property in the south-west, and lease it out, and are now seeing parts of that area with the highest rates of retention of rental bond money, often indicating difficulties in paying rents.
Only those towns in the Blacktown area of western Sydney with the postcode 2770 offered them any relief, with those coming in at fourth place on the bottom 10 list, losing 51 per cent of their bond money: the suburbs of Bidwill, Blackett, Dharruk, Emerton, Hebersham, Lethbridge Park, Minchinbury, Mount Druitt, Shalvey, Tregear, Whalan and Willmot. 
South west Sydney real estate agency director Nickolas Dilles of Century 21 Fairfield said it was still an excellent region to invest in. “The delinquency rate really isn’t that bad, and if you have a good agent then they’ll do all the checks and balances to make sure they’ll get an excellent tenant in.
“On the plus side, it’s also very affordable and cheap, and investors can get a better return than in the eastern suburbs or inner west. Here, you can get rental yields of five to six per cent, and more if you add a granny flat to the back of the house as we often have larger blocks.” 
In fifth place came more misery for the south west with Bass Hill, in postcode 2197, losing 50 per cent of bond money, and then in sixth, nearby Yagoona and Yagoona West in postcode 2199, dropped 49 per cent.
Domain Group chief economist Dr Andrew Wilson said that, with rents so high in Sydney and the median rent now sitting at $550 a week, many tenants were being forced into accommodation they couldn’t really afford just to have a roof over their heads. This could ultimately lead to defaults and rental bonds being retained.
“Rents in Sydney today are 30 per cent higher than they are in Melbourne and they’re rising faster than incomes,” Dr Wilson said. “I guess that that means many people are being forced to pay more than they have and, with people in the south-west often having lower income levels than in some other parts of Sydney, defaults would be higher there.” 
Tenants’ Union of NSW advocacy and research officer Leo Patterson Ross said the trend in Sydney’s south-west mirrored lower income areas, with census figures showing more than half of people in Georges Hall were paying more than 30 per cent of their rent.
“It’s a clear indication that people in lower income areas are more likely to fall into arrears and the bond is a buffer in those cases,” said Mr Patterson Ross.
He said those on lower incomes were less likely to dispute a bond because there was more at stake when it came to preserving a good relationship with a landlord.
Mr Patterson Ross also made a connection between the high proportion of forfeited bonds, in some cases, and areas with strong migrant populations, arguing that tenants might not be aware they could dispute a confiscated bond.
Mr Kean said the release of this information was helpful for both property-buyers and those who leased them. “Whether families want to live in Paddington or Penrith, Hornsby or Harrington Park, this is an invaluable insight that can help them choose where to rent, invest or purchase a home,” he said.
“The applications of this data are wide-ranging; investors can use it to locate new and emerging rental markets, tenants can find the best and cheapest areas to rent in, and tenants and agents can use it to find areas with long-term residents or families in the community.”  
Quarterly house price report
Source: https://highpowerclean.com.au/the-sydney-suburbs-where-the-highest-proportion-of-bond-money-is-forfeited-by-tenants-domain-news/
from High Power Cleaning Melbourne https://highpowercleanau.wordpress.com/2017/08/24/the-sydney-suburbs-where-the-highest-proportion-of-bond-money-is-forfeited-by-tenants-domain-news/
0 notes
highpowercleanau · 7 years ago
Text
The Sydney suburbs where the highest proportion of bond money is forfeited by tenants – Domain News
Where do the worst tenants in Sydney live?
Based on data released for the first time by Fair Trading, it’s the renters of a little pocket of the south-west with the postcode 2163: Carramar, Lansdowne and Villawood.
Partly in Canterbury-Bankstown and partly in Liverpool and Fairfield, that particular spot has topped Sydney’s rental hall of shame, with a staggering 61 per cent of bond money retained by agents over the April-June quarter in disputes about, or non-payment of, rent.
In Georges Hall 57 per cent of rental bond money was retained.
In third place was more misery for the south-west, with tenants in Cabramatta, Canley Heights, Canley Vale and Lansvale – at postcode 2166 – forfeiting a collective 54 per cent of their bond money.
The data, from the NSW government’s secure online lodgement system Rental Bonds Online, which holds more than 800,000 rental bonds, was released on Thursday by the Minister for Better Regulation Matt Kean. It’s the first time such information has been made publicly available.
“I want to put consumers first and this data does that by allowing open, transparent access to useful rental information,” Mr Kean said. “This untouched data can be analysed by individuals trying to decide where to rent or invest, as well as innovators who could use the data to create apps and other programs to help consumers.”
It tells a sorry story for many of the investors who have raced to buy lower-priced property in the south-west, and lease it out, and are now seeing parts of that area with the highest rates of retention of rental bond money, often indicating difficulties in paying rents.
Only those towns in the Blacktown area of western Sydney with the postcode 2770 offered them any relief, with those coming in at fourth place on the bottom 10 list, losing 51 per cent of their bond money: the suburbs of Bidwill, Blackett, Dharruk, Emerton, Hebersham, Lethbridge Park, Minchinbury, Mount Druitt, Shalvey, Tregear, Whalan and Willmot. 
South west Sydney real estate agency director Nickolas Dilles of Century 21 Fairfield said it was still an excellent region to invest in. “The delinquency rate really isn’t that bad, and if you have a good agent then they’ll do all the checks and balances to make sure they’ll get an excellent tenant in.
“On the plus side, it’s also very affordable and cheap, and investors can get a better return than in the eastern suburbs or inner west. Here, you can get rental yields of five to six per cent, and more if you add a granny flat to the back of the house as we often have larger blocks.” 
In fifth place came more misery for the south west with Bass Hill, in postcode 2197, losing 50 per cent of bond money, and then in sixth, nearby Yagoona and Yagoona West in postcode 2199, dropped 49 per cent.
Domain Group chief economist Dr Andrew Wilson said that, with rents so high in Sydney and the median rent now sitting at $550 a week, many tenants were being forced into accommodation they couldn’t really afford just to have a roof over their heads. This could ultimately lead to defaults and rental bonds being retained.
“Rents in Sydney today are 30 per cent higher than they are in Melbourne and they’re rising faster than incomes,” Dr Wilson said. “I guess that that means many people are being forced to pay more than they have and, with people in the south-west often having lower income levels than in some other parts of Sydney, defaults would be higher there.” 
Tenants’ Union of NSW advocacy and research officer Leo Patterson Ross said the trend in Sydney’s south-west mirrored lower income areas, with census figures showing more than half of people in Georges Hall were paying more than 30 per cent of their rent.
“It’s a clear indication that people in lower income areas are more likely to fall into arrears and the bond is a buffer in those cases,” said Mr Patterson Ross.
He said those on lower incomes were less likely to dispute a bond because there was more at stake when it came to preserving a good relationship with a landlord.
Mr Patterson Ross also made a connection between the high proportion of forfeited bonds, in some cases, and areas with strong migrant populations, arguing that tenants might not be aware they could dispute a confiscated bond.
Mr Kean said the release of this information was helpful for both property-buyers and those who leased them. “Whether families want to live in Paddington or Penrith, Hornsby or Harrington Park, this is an invaluable insight that can help them choose where to rent, invest or purchase a home,” he said.
“The applications of this data are wide-ranging; investors can use it to locate new and emerging rental markets, tenants can find the best and cheapest areas to rent in, and tenants and agents can use it to find areas with long-term residents or families in the community.”  
Quarterly house price report
from End of Lease Cleaning Melbourne|Bond back cleaning|Bond Cleaning |Vacate cleaning Melbourne https://highpowerclean.com.au/the-sydney-suburbs-where-the-highest-proportion-of-bond-money-is-forfeited-by-tenants-domain-news/
0 notes
cstesttaken · 8 years ago
Text
House prices: First home buyers screwed by secret marketing to investors
The Daily Telegraph's Tim McIntyre explains a new development being targeted at first home buyers.
December 11th 2015
a year ago
/video/video.news.com.au/News/
Units sold off the plan and marketed to first home buyers equal dollar signs to investors. Picture: Richard Dobson
REAL estate speak is not always as it seems.
Seasoned agents know how to coded send messages to prospective buyers with a particular style of language.
When describing property, cosy translates to small, comfortable can mean shabby, a renovator’s dream is basically a dump.
But one real estate code is a little more concerning, and could be contributing to the struggle for wannabe first homebuyers to crack the moment.
A real estate expert has warned the terms “perfect for first homebuyers” or “first purchase opportunity” aren’t always intended to attract the desperate customers the wording would suggest, but the investors who are squeezing them out of the market.
Mirvac’s Pavilions development at Sydney Olympic Park targeted first home buyers, but sale day also attracted crowds of investors.Source:Supplied
Often positioned on the outskirts of central areas, new developments of smaller one and two bedroom apartments are frequently advertised in this way.
Last month, developer Mirvac launched a “first homebuyer housing affordability initiative”, that saw 60 apartments of about 280 at a Sydney Olympic Park development reserved for priority purchase by pre-qualified first home buyers.
The developer offered a helpful deal for advertised target customers, offering first home buyers a chance to crack the property market with only a 5 per cent deposit, and an agreement to pay the remaining 5 per cent in two annual instalments.
Fifty-four of the apartments priced below $750,000 went to first home buyers at the first stage release, but plenty of other buyers showed up on sale day.
Existing homeowners ended up snapping up more than twice the number of properties than first home buyers.
About 75 per cent of the apartments in the development were sold that day, but only about 20 per cent went to first-time buyers.
Units marketed to first home buyers are often sold to investors.Source:istock
According to Royal Melbourne Institute of Technology property professor Chris Eves, the crowds of investors at this and similar sales and auctions of such dwellings aren’t exactly a mistake.
“What we find is when we look at a lot of these new housing estates generally on the fringe areas of towns, they’re marketed towards a particular group,” he told news.com.au.
“It’s really geared to first home buyers or investors. Now, the investor is not that much concerned about quality to the same extent as (those) building their own place to live in.”
Prof Eves said developers whose marketing material factored in government grants available to first home buyers were really communicating prices would be low, which would also be attractive to investors, particularly knowing they are competing against first-timers.
Investors looking for rental income, Prof Eves said, would also be happy to sacrifice quality furnishings found in more highly prices homes, and would be attracted to new properties that didn’t require maintenance.
‘Ideal first home’ translates to cheap, and will likely attract investors with deep pockets. Picture: Richard DobsonSource:News Corp Australia
“Smart investors are looking at this marketing material, looking for that return,” he said.
“They’re saying I’ve got my home at, for example, Haberfield and it’s worth $2 million, I’ve had it for 10 years, and I owe $300,000. If I could borrow another million to buy an investment property, I could get a 2 bedroom home in this area that needs a bit of work and rent it out for $400 a week. Or I could go out to this new subdivision at, say, Penrith, buy two units and get $300 a week each.”
Prof Eves said the hidden messages being communicated to investors through such marketing material didn’t escape real estate agents.
He said when crowds of investors descended on developments “ideal for first time buyers”, agents and developers were not surprised.
“There will be investors that are looking for that too,” he said.
Source
http://www.news.com.au/finance/real-estate/buying/coded-messages-to-investors-that-are-screwing-first-home-buyers/news-story/9d5bacf230d448c0582f2c1df23aaa44
0 notes
realestate63141 · 8 years ago
Text
Investor snaps up one of Sydney’s cheapest homes for $510,000
Investor snaps up one of Sydney’s cheapest homes for $510,000 Sydney 01/04/2017, 5:02 pm 01/04/2017, 5:33 pm Anita Balalovski Anita Balalovski has worked as a real estate auction reporter for the past 6.5 years. She drives The Sunday Telegraph’s auction coverage each weekend with NSW property editor Stephen Nicholls. Anita prides herself in being a media chameleon: print, online, social media, video presenting, script writing, radio, TV guest coordinator and producer, PR, communication coordinator and advisor, she’s done it all for some of the biggest Australian media outlets and NGOs. Anita is currently coaching her husband to be auction-ready when he bids solo for their next home…his wife is rather busy on Saturdays attending other people's auctions.
230 Captain Cook Drive Willmot.
ONE of Sydney’s cheapest homes in the western suburb of Willmot sold to an investor for $510,000 today — 20,000 above reserve.
Of the 13 who registered to bid for the three-bedroom cottage on an overgrown 675-square metre block at 230 Captain Cook Drive, there were eight investors.
Some were from Penrith, Blacktown, Liverpool and even Albury but it was a Ryde investor who won it.
The dining area at the Willmot home.
The backyard at Willmot.
The first bid was $380,000 and it went up in mostly $20,000 bids.
Daniel Montes de Oca of Wiseberry Prestons/Liverpool said even though the rental return of $330-$360 a week isn’t that good, the capital growth would be great.
CoreLogic said the median house price for three-bedroom homes in Wilmot is $440,000.
Nature reserve outlook from the back of the house at Willmot.
Another set of investors beat first home buyers at the auction of a three-bedroom brick home at Blacktown.
First time on the market, 50 Dora Street sold $100,000 above reserve for $800,000 to a Baulkham Hills investor family.
There were 20 registrations for the home on 695-square metres of land.
50 Dora Street Blacktown.
Shondel Surma of LJ Hooker Stanhope Gardens said the rental return would be $420-$440 a week.
Another investor family from Georges Hall also snapped up a home in Fairfield West for $761,000.
67 Tasman Parade Fairfield West.
The three-bedroom clad-and-tile home on a 582 square metre block at 67 Tasman Parade had nine investors and family owner occupiers register.
Graham Ball of Graham Ball Estate Agents Wetherill said the new owners paid $86,000 above reserve and it will rent it out at $500 a week.
Follow us on Twitter for more news, tips and inspiration. Like us on Facebook or explore our Pinterest boards.
from DIYS http://ift.tt/2os3dd3
0 notes
repwincostl4m0a2 · 8 years ago
Text
Investor snaps up one of Sydney’s cheapest homes for $510,000
Investor snaps up one of Sydney’s cheapest homes for $510,000 Sydney 01/04/2017, 5:02 pm 01/04/2017, 5:33 pm Anita Balalovski Anita Balalovski has worked as a real estate auction reporter for the past 6.5 years. She drives The Sunday Telegraph’s auction coverage each weekend with NSW property editor Stephen Nicholls. Anita prides herself in being a media chameleon: print, online, social media, video presenting, script writing, radio, TV guest coordinator and producer, PR, communication coordinator and advisor, she’s done it all for some of the biggest Australian media outlets and NGOs. Anita is currently coaching her husband to be auction-ready when he bids solo for their next home…his wife is rather busy on Saturdays attending other people's auctions.
230 Captain Cook Drive Willmot.
ONE of Sydney’s cheapest homes in the western suburb of Willmot sold to an investor for $510,000 today — 20,000 above reserve.
Of the 13 who registered to bid for the three-bedroom cottage on an overgrown 675-square metre block at 230 Captain Cook Drive, there were eight investors.
Some were from Penrith, Blacktown, Liverpool and even Albury but it was a Ryde investor who won it.
The dining area at the Willmot home.
The backyard at Willmot.
The first bid was $380,000 and it went up in mostly $20,000 bids.
Daniel Montes de Oca of Wiseberry Prestons/Liverpool said even though the rental return of $330-$360 a week isn’t that good, the capital growth would be great.
CoreLogic said the median house price for three-bedroom homes in Wilmot is $440,000.
Nature reserve outlook from the back of the house at Willmot.
Another set of investors beat first home buyers at the auction of a three-bedroom brick home at Blacktown.
First time on the market, 50 Dora Street sold $100,000 above reserve for $800,000 to a Baulkham Hills investor family.
There were 20 registrations for the home on 695-square metres of land.
50 Dora Street Blacktown.
Shondel Surma of LJ Hooker Stanhope Gardens said the rental return would be $420-$440 a week.
Another investor family from Georges Hall also snapped up a home in Fairfield West for $761,000.
67 Tasman Parade Fairfield West.
The three-bedroom clad-and-tile home on a 582 square metre block at 67 Tasman Parade had nine investors and family owner occupiers register.
Graham Ball of Graham Ball Estate Agents Wetherill said the new owners paid $86,000 above reserve and it will rent it out at $500 a week.
Follow us on Twitter for more news, tips and inspiration. Like us on Facebook or explore our Pinterest boards.
from DIYS http://ift.tt/2os3dd3
0 notes
rtscrndr53704 · 8 years ago
Text
Investor snaps up one of Sydney’s cheapest homes for $510,000
Investor snaps up one of Sydney’s cheapest homes for $510,000 Sydney 01/04/2017, 5:02 pm 01/04/2017, 5:33 pm Anita Balalovski Anita Balalovski has worked as a real estate auction reporter for the past 6.5 years. She drives The Sunday Telegraph’s auction coverage each weekend with NSW property editor Stephen Nicholls. Anita prides herself in being a media chameleon: print, online, social media, video presenting, script writing, radio, TV guest coordinator and producer, PR, communication coordinator and advisor, she’s done it all for some of the biggest Australian media outlets and NGOs. Anita is currently coaching her husband to be auction-ready when he bids solo for their next home…his wife is rather busy on Saturdays attending other people's auctions.
230 Captain Cook Drive Willmot.
ONE of Sydney’s cheapest homes in the western suburb of Willmot sold to an investor for $510,000 today — 20,000 above reserve.
Of the 13 who registered to bid for the three-bedroom cottage on an overgrown 675-square metre block at 230 Captain Cook Drive, there were eight investors.
Some were from Penrith, Blacktown, Liverpool and even Albury but it was a Ryde investor who won it.
The dining area at the Willmot home.
The backyard at Willmot.
The first bid was $380,000 and it went up in mostly $20,000 bids.
Daniel Montes de Oca of Wiseberry Prestons/Liverpool said even though the rental return of $330-$360 a week isn’t that good, the capital growth would be great.
CoreLogic said the median house price for three-bedroom homes in Wilmot is $440,000.
Nature reserve outlook from the back of the house at Willmot.
Another set of investors beat first home buyers at the auction of a three-bedroom brick home at Blacktown.
First time on the market, 50 Dora Street sold $100,000 above reserve for $800,000 to a Baulkham Hills investor family.
There were 20 registrations for the home on 695-square metres of land.
50 Dora Street Blacktown.
Shondel Surma of LJ Hooker Stanhope Gardens said the rental return would be $420-$440 a week.
Another investor family from Georges Hall also snapped up a home in Fairfield West for $761,000.
67 Tasman Parade Fairfield West.
The three-bedroom clad-and-tile home on a 582 square metre block at 67 Tasman Parade had nine investors and family owner occupiers register.
Graham Ball of Graham Ball Estate Agents Wetherill said the new owners paid $86,000 above reserve and it will rent it out at $500 a week.
Follow us on Twitter for more news, tips and inspiration. Like us on Facebook or explore our Pinterest boards.
from DIYS http://ift.tt/2os3dd3
0 notes
chpatdoorsl3z0a1 · 8 years ago
Text
Investor snaps up one of Sydney’s cheapest homes for $510,000
Investor snaps up one of Sydney’s cheapest homes for $510,000 Sydney 01/04/2017, 5:02 pm 01/04/2017, 5:33 pm Anita Balalovski Anita Balalovski has worked as a real estate auction reporter for the past 6.5 years. She drives The Sunday Telegraph’s auction coverage each weekend with NSW property editor Stephen Nicholls. Anita prides herself in being a media chameleon: print, online, social media, video presenting, script writing, radio, TV guest coordinator and producer, PR, communication coordinator and advisor, she’s done it all for some of the biggest Australian media outlets and NGOs. Anita is currently coaching her husband to be auction-ready when he bids solo for their next home…his wife is rather busy on Saturdays attending other people's auctions.
230 Captain Cook Drive Willmot.
ONE of Sydney’s cheapest homes in the western suburb of Willmot sold to an investor for $510,000 today — 20,000 above reserve.
Of the 13 who registered to bid for the three-bedroom cottage on an overgrown 675-square metre block at 230 Captain Cook Drive, there were eight investors.
Some were from Penrith, Blacktown, Liverpool and even Albury but it was a Ryde investor who won it.
The dining area at the Willmot home.
The backyard at Willmot.
The first bid was $380,000 and it went up in mostly $20,000 bids.
Daniel Montes de Oca of Wiseberry Prestons/Liverpool said even though the rental return of $330-$360 a week isn’t that good, the capital growth would be great.
CoreLogic said the median house price for three-bedroom homes in Wilmot is $440,000.
Nature reserve outlook from the back of the house at Willmot.
Another set of investors beat first home buyers at the auction of a three-bedroom brick home at Blacktown.
First time on the market, 50 Dora Street sold $100,000 above reserve for $800,000 to a Baulkham Hills investor family.
There were 20 registrations for the home on 695-square metres of land.
50 Dora Street Blacktown.
Shondel Surma of LJ Hooker Stanhope Gardens said the rental return would be $420-$440 a week.
Another investor family from Georges Hall also snapped up a home in Fairfield West for $761,000.
67 Tasman Parade Fairfield West.
The three-bedroom clad-and-tile home on a 582 square metre block at 67 Tasman Parade had nine investors and family owner occupiers register.
Graham Ball of Graham Ball Estate Agents Wetherill said the new owners paid $86,000 above reserve and it will rent it out at $500 a week.
Follow us on Twitter for more news, tips and inspiration. Like us on Facebook or explore our Pinterest boards.
from DIYS http://ift.tt/2os3dd3
0 notes