Posts

7 things every renter wants to see at an open house

There are so many gross, creepy and wrong things that can go down at open inspections for rentals.

Just because we’re renting, doesn’t mean we don’t deserve a home with modern inclusions, right? If you’re looking for a new rental, it pays to not only be organised with the application process – but also know what you’re not willing to compromise on.

We’ve seen some big blunders at open homes for rent. To avoid committing the same crimes, here are seven tips for what potential renters actually want to see.

1. A shower head that’s not from the 1950s

Why landlords insist on installing ancient shower heads in bathrooms is beyond me.

Renters do appreciate one that sprays more than a few measly squirts of water a minute.

They aren’t even that pricey to purchase and fit, so get it together on the shower front, Brenda. I’ll take mine in a matte-black finish, thanks.

2. Carpet that’s not from a horror film

Crunchy carpet is not an interior trend, nor is the notion that because a home will be tenanted, you don’t have to care about comfort or quality.

Give potential tenants some respect by installing fresh carpet, and they’ll give you respect back by looking after it.

Nobody wants to see stained carpet at an open house. This isn’t CSI.

3. A built-in wardrobe with mirrored doors

Storage is just as important to renters as it is home owners. Actually, because renters can’t install shelves on walls I’d argue that storage is even more vital.

Renters will never leave if you go for beautiful mirrored built-ins.

With that in mind, give them built-in wardrobes in bedrooms, and make sure they’re mirrored while you’re at it.

Just because you’re renting doesn’t mean you don’t like to look at yourself. Am I right?

4. A dishwasher – any sort of dishwasher!

I don’t care if his name’s Dishpig Dan and he comes with the apartment – if he’ll wash my dishes, he’s in like Flynn.

In all seriousness, though, renters want all the mod cons that home owners do, and a dishwasher is a convenience most need and expect.

The brand really isn’t important, just make sure it works.

5. Any lighting that’s not oyster

Another thing landlords love to do is install horrible 7-Eleven lighting in rental homes.

Oyster lights are the main offenders here and the inventor of them has some serious explaining to do.

There’s so much more to lighting than oyster lights. Consider pendants, LED and zoned lighting schemes.

Ban all cold lights in a rental property and opt for something warm and inviting. If you build it, quality tenants will come.

6. Window treatments that aren’t verticals

Hands up who’s been to an open house and seen verticals with a few blinds missing and those creepy cords ripped to shreds like Cujo’s run wild? Yep, me too!

Soft curtains are so much more serene than the eyesore that is vertical blinds.

Verticals are the devil’s work and must be stopped at once.

No tenant deserves this sort of window ‘fashion’ thrust upon them.

7. Mould-free walls (it’s not that hard)

If you see a few spots in the corners of rooms at an open house, run for the hills. If those spots look a little green in places, leave the tri-state area and never return.

Seriously, moving into a rental home with mould issues is a horrendous event you do not want to attend.

Don’t underestimate the impact of bright, mould-free walls.

Landlords, please sort out damp issues, repaint with mould-resistant paint, and make sure the property is well ventilated.

Source: https://www.realestate.com.au/lifestyle/


 

Cheapest mortgages in history for Aussie homeowners

Mortgages and borrowing will be the cheapest in Australian history with the Reserve Bank to take the unprecedented step of cutting interest rates twice in a month to a rock bottom 0.25 per cent.

The RBA was expected to act on Thursday to slash the official cash rate to 0.25 per cent, just two weeks after cutting to 0.5 per cent. The measure was expected to be coincide with bond buying an unprecedented move as officials work to shore up the Australian economy in widespread coronavirus fallout.

RBA Governor Philip Lowe is set to give a speech out of the Reserve Bank in Sydney at 4pm on Thursday.

CBA senior economist Gareth Aird expected RBA to cut the cash to “the effective-lower-bound of 0.25 per cent on Thursday” and put in place bond-buying and other measures to make borrowing cheaper.

According to RateCity.com.au analysis the average mortgage holder with a $400,000 loan could save as much as $55 a month off minimum monthly mortgage repayments if there was a cut to 0.25 per cent cut passed on by lenders.

RateCity.com.au research director Sally Tindall said many Aussies were ahead on their mortgages because banks kept their repayments the same when interest rates were cut.

“This is money some people can potentially access through their redraw, should they find themselves in a tight financial position,” she said. “If interest rates are cut again, some mortgage holders may want to rethink what they do with the savings.”

Source: https://www.realestate.com.au/

Brisbane and Gold Coast among world’s best luxury cities

Four Australian cities including Brisbane and the Gold Coast have been named among the top 60 luxury residential markets in the world.

Brisbane emerged in 57th spot, the Gold Coast was two spots higher (55th), while Melbourne came in at 44 and Sydney was Australia’s best performer slipping into 27th place.

This was off the Prime International Residential Index (PIRI 100) in the Knight Frank Wealth Report 2020, released midweek.

Knight Frank prestige residential sales director, Jason March, said Brisbane was now into its 26th quarter of uninterrupted annual capital growth.

“Over this time, Brisbane prime residential values have grown by 37.7 per cent, while mainstream property values only saw total growth of 13.4 per cent, with the latter impacted more severely with the tightened lending measures implemented by APRA over this time.”

“The Brisbane prime residential market has been boosted by interstate buyers, particularly from Sydney and Melbourne, looking to secure a prestige home with money still left in the bank to decorate and travel, paying significantly less than they currently would in the southern east coast cities. “

He said greater affordability helped local buyers too “with many downsizing from the large family home further from the city into a well-appointed luxury apartment closer – or in – the CBD”.

Monaco was still the world’s most expensive city, with $1m buying just 16.4sq m of accommodation – the equivalent of a bedroom. This is followed by Hong Kong and London.

The index tracked luxury residential prices in 100 cities and second home markets across the globe between December 2018 and December 2019.

Tight supply of luxury homes drove growth above the global average of 1.8 per cent in Sydney, according to Knight Frank residential research head Michelle Ciesielski.

The Gold Coast grew 1.8 per cent, while Brisbane was up 1.4 per cent, Sydney 3.7 per cent, and Melbourne 2.2 per cent over the year.

“Despite record low interest rates and wealth growth continuing in most advanced economies, there were some factors preventing global price growth from reaching previous highs, including the slowing global economy, rising property taxes and in some cases, a surplus of luxury homes on the market,” Ms Ciesielski said.

She said 78 of the 100 locations in PIRI registered flat or positive growth in 2019.

The best performing luxury market in the world last year was Frankfurt (10.3 per cent) followed by Lisbon (9.6 per cent). South Korea’s Seoul was strong too (8.9 per cent).

“Gone are the days of 30% annual growth in China’s metropolises; Seoul and Taipei are now the region’s frontrunners with annual growth of almost 9 per cent and 8 per cent respectively,” a Knight Frank statement said.

Among Brisbane homes on the market is a massive seven bedder at 88 Kadumba Street, Yeronga, which sits on a 0.42ha block. The home is priced at offers over $4.5m, according to a listing by agent Ann-Karyn Fraser of Place New Farm.

Up the range, priced at serious offers over $10m, Ray White New Farm agent Matt Lancashire has 33B Harbour Road, Hamilton. The eight bedroom, nine bathroom four car space home sits on some of the most stunning real estate in Brisbane, waterfront at Hamilton on a 1,609sq m site.

On the Gold Coast, luxury properties currently on the market include 101 Commodore Drive, Paradise Waters, a five bed stunner that comes with its own overwater helipad. The home is priced at $12.75m, according to a listing by Ray White Prestige Gold Coast Agent Robert Graham.

And on the market in the past week was 17 Hedges Ave, Mermaid Beach, a six bedroom, eight bathroom beachfront home priced at $12.5m according to agents Antonio Contreras and Joe Farr of Platinum Properties Oxenford.

Source: https://www.realestate.com.au/


How to choose the best home for your health

It may not be surprising to learn that 80 per cent of people in the developed world live in urban settings, but did you know that 90 per cent of our time is spent indoors?

According to the Heart Foundation, the built environment has become our natural environment and this has a profound influence on our health, tied as it is to lower levels of physical activity.

The foundation states that the design of our cities, towns, streets and buildings plays a key role in our ability to lead healthy lives, so it’s important to choose a home and community that will best support an active and healthy lifestyle.

Lucy Gunn, a research fellow at RMIT University’s Centre for Urban Research, says the first key to an active community is density.

“You have to have enough people to provide amenity for,” she says. “If you design small blocks with good street connectivity, it makes it easier for people to walk around.”

Gunn says if there’s great route choice and ease of access, lots of people will walk, which then makes walking safer.

Similarly, if parks and open spaces are easy to access for sufficient numbers of people, they are more likely to be both well-utilised and safe.

“If sidewalks and cycleways are safe access routes, it encourages people to be more active,” Gunn says. “And if there are street trees you get shade and a nicer environment to spend time in.”

Good access to public transport and shops also provides opportunities for communities to be less car-dependent.

“If you want to get people out of their houses without driving you need really good access to amenities,” says Gunn. “Close proximity to a bus stop or station is critical and it’s the same with access to basic shops and social infrastructure.”

Gunn says a main street-style town centre encourages walking and is usually a nicer place to be than a shopping mall, where cars prevail.

The final piece of the puzzle is what Gunn calls “interventions”, the community programs that can work hand-in-hand with hard infrastructure. These might include fitness programs and activities that developers can introduce in partnership with local councils.

A great example is the Live Life Get Active program on offer at Frasers Property’s Fairwater community in Blacktown, where a trainer is on site every weekday to coach participants through free fitness sessions including yoga, boxing and cross-training.

“With mental health becoming a bigger issue for our community, it’s part of our responsibility in creating communities that we try and best facilitate social connection,” says Nigel Edgar, general manager – residential at Frasers Property Australia.

Edgar says Frasers Property has been placing a strong focus on health and wellbeing in the communities they’ve established over the past 10 years.

Fairwater, which is the first community in NSW to receive a 6-star Green Star rating from the Green Building Council of Australia, ticks many healthy living boxes, with outdoor fitness stations, walkways, bike paths and children’s play areas all adding up to over 9.5 hectares of open space. A dedicated community development manager is also on site to coordinate community activities.

According to a survey conducted by Frasers Property in August 2017, 65 per cent of Fairwater residents feel physically healthier, 88 per cent feel happier and 80 per cent feel more connected to their community than they did in their previous home.

“A happy community with well-connected occupants is a community which thrives and is far better than living inside your own four-walled box,” says Edgars.

Source: domain.com.au/living

Manufacturers thrive in Logan

Business confidence in the City of Logan continues to strengthen as major investment is secured for future industrial estates and manufacturers embark on multimillion dollar expansion plans and explore opportunities in new international markets.

Manufacturing has long been a significant contributor to Logan’s economy – valued at around $2.88 billion and creating 8,700 jobs, the sector is the top third highest revenue generator and is the city’s fifth largest employer.

While the industry has seen an overall decline nationally, many Logan businesses in both traditional and emerging manufacturing sectors have continued to grow and thrive.

Local vitamin supplement manufacturer ATP Science will soon consolidate their premises into a $15 million purpose-built 6000 sqm headquarters in Meadowbrook – a move that will allow the company to develop new lines, double their workforce and fast-track global expansion plans.

Managing Director Jeff Doidge said the time was now to invest in a new Logan headquarters as the business was experiencing massive growth and exploring opportunities offshore.

“About 80 per cent is sold in Australia and we are currently exporting to the UAE, US and UK and have some emerging markets in India and China,” he said.

“Being in Logan gives us access to the ports, the airport and the sea docks – as far as major infrastructure is concerned it’s fantastic.”

Accessibility is one of the city’s main draw cards for manufacturers – Logan is just a 30 minute drive to the Port of Brisbane, in close proximity to 3 international airports and conveniently located between Brisbane and the Gold Coast.

Infrastructure investment in Logan is at historic levels – with the completion of the $500 million Logan Enhancement Project and more than $18 billion in the pipeline, investors are taking interest in the city’s industrial areas.

International property investors MapleTree Logistics Trust recently secured 36 hectares of land in Park Ridge for $95 million, which forms part of a future 157 hectare industrial estate.

The city is already home to several industry leaders including award-winning product commercialisation facility Evolve Group; and specialists in rocket and propulsion systems Black Sky Aerospace, who were the first to secure access to NASA’s Australian launch site.

Leading manufacturer in tanker solutions Holmwood Highgate has operated in Logan since 1994 and continues to expand their workforce to keep up with business growth.

Director Wade Mellish says that the city’s location and access to a skilled workforce has supported Holmwood Highgate explore opportunities in the global defence industry.

In 2018, Holmwood Highgate was awarded a contract as part of Rheinmetall’s Australian supply chain, a crucial step in furthering their expansion into new markets.

“The City of Logan allows us to deliver world-class products both domestically and internationally,” he said.

“We’ve got upwards of 200 staff now – blue and white collar – and increasing the workers every day because of the amount of work that we have on.”

Within a 40km radius, the city has access to a regional catchment of more than 2.6 million people and a large pool of talent for employers to choose from.

Furthermore, the presence of major transport and logistics companies and proximity to a diverse network of suppliers makes Logan an attractive location for businesses of all sizes.

The ease of doing business in Logan has driven an emergence of niche manufacturers in the food and beverage categories.

Food and beverage processing has continued to grow and is the city’s most productive sub-sector.

Small businesses including craft brewers, honey product manufacturers, coffee roasters and chocolate makers operate successfully from Logan.

Logan City Council has recently made it easier for craft brewers to establish themselves in Logan by implementing significant changes to the planning scheme.

The City of Logan is fast-becoming a destination of choice for manufacturers in the region and offers eligible businesses incentives to move into the city.

Source: www.loed.com.au/investinlogan/