Monthly Archives

March 2016

Mar 17
0

Help for Gen Y

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Insecure younger generation just can’t get ahead!  

A new book by author Jennifer Rayner, Generation Less: How Australia is Cheating the Young,tells us again that the gap between generations is growing with young people being left behind in material wealth and mental wellbeing. Ms Rayner reckons that those born from the 1980’s onwards have an ‘enduring handicap” creating a new “precariat” social class lacking security andpredictability.

gen-y

Cartoon by Matt Golding

The book does recognise that “There have always been gaps between younger people and older people in Australia, and that’s true everywhere because young people are starting out in life, because they haven’t had as much time in the workforce. But over the last 30 years in Australia what has happened is that all of those gaps are getting wider.”

The book gives examples of young people who just can’t seem to get ahead in their chosen professions and paints a pretty bleak future for our younger generation’s financial, emotional and mental future.

It does mention some policy initiatives that may help redress the problem but does not seem to point too much that these younger people can do to help themselves.

Maybe a quick read over our blog further down the page entitled ‘Packer” may give, at least those with a job, some ideas on how to keep the money they earn and let it grow through keeping more of what they earn and investing in their future. We know it’s not possible for all, but so many who have a job and parents prepared to guarantee a loan to start do not need to fall into the precarious trap the  book describes.
Read more: http://goo.gl/Ncl8qC

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~ Lime Property Solutions

Mar 15
0

Top 10 Sydney suburbs for 2016 (March)

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Sydney’s 10 cheapest suburbs and Sydney’s 50 cheapest suburbs!

We never seem to tire of looking at lists of Sydney’s cheapest 10 suburbs, Sydney’s cheapest 20 suburbs or even Sydney’s cheapest 50 suburbs; we just love lists!

top-10

 

Another list has been printed this week (of course Sydney’s cheapest 50 suburbs but this will change by next month so we will need another list of Sydney’s cheapest 50 suburbs!).

We do know that in the last 3 years, Sydney’s property prices are $350,000 more expensive.  The most affordable suburb for apartments in Sydney is Carramar, 30 kilometres west with a median price of $329,000. The cheapest houses in Sydney are apparently listed in Marsden Park, at a median price of $360,000.

If you want to remain close to the city, the cheapest suburb for apartments with a  median price below $700,000 within five kilometres of the city is Newtown, at $620,000. For full inform,ation on Sydney’s cheapest suburbs for this month go to http://goo.gl/hCA2lA

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~ Lime Property Solutions

Mar 08
0

Shonky Building Work

By | Building, News, Property Solutions | No Comments

One of the Worst Problems of a Building Boom – Shonky Workmanship

In 2014-15 Aussie builders broke ground on a record 211,860 new homes which was 13% more than the previous record of 187,000 set way-back in 1994 at the end of Sydney’s last housing boom.

Common sense should tell you, (if you ever stop to think about it), that double the number of tradesmen are required to build over 200,000 homes than were required to build around the 100,000 new homes that were being constructed at the end of this century’s first decade! Common sense should also tell you that qualified tradesmen generally are not mass produced and imported as needed from a Chinese factory so the question is, “Where do they all come from?”

Well the simple answer is we just make do with what we have and in fact REDUCE the number of apprentices we are producing! (I don’t understand this phenomena, I’m just wring about the facts!)

The outcome, as maybe you should expect, is that many of our new buildings are being erected by unqualified and inexperienced labour.

The resulting problem for the state’s two million unit dwellers, half of them in Sydney, was highlighted in a University of NSW report that found seven out of 10 owners surveyed reported building ­defects in their properties. In newer apartments built since 2000, a whopping 85 per cent of owners reported defects, and in three out of four cases they were yet to be fixed, according to the report.

It is important to ensure that your new home or investment is being built by a long-standing reputable builder who really cares about their reputation. No matter how good the location, it’s extremely important that your investment is built properly.

The NSW Government is at least trying to assist the tens of thousands of people being sold buildings with shonky workmanship and poor quality materials.

For further information go to:

http://www.dailytelegraph.com.au/news/nsw/high-rise-apartment-dwellers-will-be-protected-from-shonky-builders-under-new-laws/story-fni0cx12-1227508388097

~ Lime Property Solutions

Mar 08
0
new-year-start-2015

What a Start To The New Year

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Thousands of people in Time Square New York celebrated the ninth New York’s Good Riddance Day. Basically a huge shredder was set up where people could publically destroy their physical and emotional ‘baggage’. People through in notes and placards, pills and bills, and piles of clothes; anything representing their baggage of 2015. A line as far as the eye could see stretched all down Broadway.

The simple rule was that any member of the public could come to destroy, “any unpleasant, embarrassing and downright forgettable memories from 2015”. This was done with passion shredding papers with the words ‘NEGATIVITY” and “PROCRASTINATION” written on them, smashing up IT equipment with hammers, destroying credit cards and throwing out mementos from old relationships.

Good Riddance Day has its roots in an old Latin American tradition where people sew objects on dolls and set them on fire letting their pain and frustrations dissipate in the smoke!
And what became of all the shredded rubbish? It was recycled and used as confetti as the famous Time Square Ball dropped at midnight.

This is something we could all do in the privacy of our own back yards to get us moving forward again in 2016 here in Sydney  – A Happy and prosperous New Year to you all!

Read more: http://www.smh.com.au/nsw/burning-the-past-and-reinventing-the-future-in-times-square-20151230-glx6sf#ixzz3wESAwsrX

Mar 04
1

Stop the gloom! Buy an investment property!

By | best investment, Investment, News, Properties, Property Solutions | No Comments

Australians are a gloomy lot about the future

One of the richest countries in the World, low unemployment, high wages, future looking good and yet we are the gloomiest people in the Asian region about our future!

larger-homes

There are so many reasons for Australians to be happy and cheerful and yet a poll, conducted twice a year by card payments company Mastercard, showed our confidence ranking was more than 30 per cent below the regional average.

Only 3 countries in the region are more pessimistic about the future than Australians, Taiwan, Sri Lanka and Malaysia. The survey was based on the economy, employment prospects, income prospects and quality of life.

A recent newspaper article sums up our real situation as follows:

“ It’s  hard to find a good reason why Australians are much gloomier about their economic circumstances than most of their Asian neighbours, including New Zealand. Over the past decade, Australia has been enriched by a once-in-a-century commodities boom and manouevred, relatively unscathed, through the biggest financial crisis since the Great Depression. Now the economy is making a better-than-expected post-boom transition. No Australian in their mid-40s or younger has ever experienced a recession in their working life.

Australia’s economic institutions are recognised to be among the strongest in the world and we’re one of a handful of countries with a triple-A credit rating from the three major ratings agencies – Standard & Poor’s, Moody’s and Fitch Ratings.”

We are often amazed at the procrastination of potential property investors. With the opportunity to buy a positive cash flow investment property in one of Australia’s top 10 suburbs for growth and the thought of all that can go wrong in the future is stronger than the certainty of increasing wealth through the purchase of positively geared investment property.

It really is all in the mind!     Read more: http://goo.gl/ADBjNx

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Twitter: @LimeProperty1

~ Lime Property Solutions

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