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property Archives - Lime Property Solutions

Australian Real Estate Agents Aren’t so Bad!

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Australian Real Estate Agents Aren’t so Bad when you view some of these headlines from overseas!

Some Terrible Real Estate Headlines

  1. Government introduced the Fair Housing Enforcement Program – helps rid Real Estate industry of discrimination and ensures a level playing field for buyers of all ages, races, disabilities and economic positions!
  2. Property is resold multiple times, making profit each time for the agent!
  3. Government is cracking down on Airbnb rentals.
  4. Huge Increase in Stamp duty for properties over 1.8 million!
  5. Prices May crash as World Cup Finals move location!

 

All of the above are recent stories from around the word concerning property and property investment; fortunately non are from Australia! To read the full story go to : http://goo.gl/14EmKh

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Rezone Point Piper

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Let’s rezone Point Piper to fit the Big Australia advocates

Australia’s population is growing faster than any other developed country, so here’s a great idea to make room for our increasing population – rezone Point Piper to fit the Big Australia advocates. Our population is now growing by one million every 3½ years.  Many Australians have doubts about this, the world’s biggest immigration program, the developed world’s highest population growth.

point-piper

Bob Carr or recent Foreign Secretary, Premier of New South Wales and friend of Harry Triguboff of Meriton fame, is suggesting we rezone Point Piper to very high density along with many other areas Sydney. Of course, this is the huge problem with growth and development; it’s a fantastic thing to have as long as it’s not in my suburb!

Mr Carr has highlighted three challenges to all supporters of a   Big Australia.

(1)   They should link their population build-up to infrastructure. State and commonwealth governments should be able to guarantee Australia would not be laying out new suburbs that leave residents beyond easy walking distance from public transport.

(2)     Big Australians need to get honest about the intensified zonings required as both Sydney and Melbourne climb to 7 million by mid-century. This is where Mr Carr makes the sensible, but tongue-in-cheek suggestion of re-zoning Point Piper to lift its population from its current 6000 to a robust 30,000, pumping up its R2 zonings to allow stepped towers rising from, five stories on Wolseley Crescent reaching 30 in Wunulla Road!

(3)   His third challenge to the advocates of Big Australia, is to link higher population growth to progress towards a sustainable Australia.  Spell out that any immigration above, say, 90,000 per annum would be dependent on certified progress in benchmarks such as stepped reductions in water use per head or carbon emissions per head.  Rapid population growth is making it harder to maintain recent progress.  More (treated) sewage means a bigger dump of nutrients into our rivers, more cars a rise in ground level ozone, more multi-unit dwellings, the return of harbour overflows. Read more: http://goo.gl/qARZP2

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Increase the price of your home by 100%

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How to increase the sale price of your property by 100%

I first came across a couple of stories last year in the Hills district of Sydney where a group of residents got together to sell their properties in one lot to developers; it’s a great idea on how increase the price of your home by 100% or even more.

A recent story tells us about a group of 62 residents in Frenchs Forest where the median price is around $1.3 million according to the Domain group, looking to sell their properties in one lot for around $2 million each but up to over $4 million for one block!

locations

 

All you need to do this is to be exceptionally lucky in living in a spot that has recently had a major infrastructure project approved and underway and where the land has been rezoned to high density. The cases in the Hills District were all within an easy walk of one of the new north-west link train stations and this new block in Frenchs Forest, totalling 4.3 hectares is situated just 200 metres from where the NSW government is currently building the new Northern Beaches Hospital!

In the last few months, a group of 19 homes in St Leonards was sold to an offshore buyer, while last year a record 46 neighbours joined forces in Baulkham Hills in an attempt to woo developers.

So maybe you should start checking out what is likely to happen in your area in the next few years and if the news is good, start getting friendly with all your immediate neighbours and start the discussion about a mass sale! Read the full story at http://goo.gl/BvCkLv

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Do It Because You Can!

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DO IT BECAUSE YOU CAN – Why Do Today What You Can Put Off Until Tomorrow?

I don’t believe most people really appreciate the unbelievable cost of “thinking about it”; “putting it off” or using the word we often use “PROCRASTINATING”.

We know a few people from around mid 2015 who were reasonably keen on investing in property but decided to “wait a couple of months”.  They came back to talk to us a couple of months later and we had to inform them that if they wanted to go ahead now, they would have to move from their current lender and find a lender who would do a loan of just over 80% loan for them. The lending ‘rules’ changed and they could no longer do what they were able to do just four or five weeks earlier!

In a volatile market place, rules are constantly changing. Major banks have again just announced a tightening of borrowing criteria. We now find that an average income family on a combined income of $120,000 per year purchasing an investment property, will have to make do with up to $80,000 less from a major bank than they would have had a year ago. This sounds pretty bad but Mr & Mrs Average still have a pretty good borrowing capacity for investment if they act now.

To measure the impact of tougher bank lending policies, Homeloanexperts calculated the borrowing power or maximum loan amount for a couple earning $60,000 each, with two children and came up with some interesting comparisons across the four major banks.

Commonwealth Bank, for instance, could have lent $640,000 as a housing investment loan (Not owner-occupier)a year ago, compared with $560,000 now – an $80,000 reduction. Other major banks had similar reductions in lending capacity over the year.

(Read more: http://www.smh.com.au/business/maximum-loan-sizes-slashed-how-banks-are-cracking-down-on-borrowers-20151222-glt9xv#ixzz3wQsVLaE6 )

 

The big question is “How much less may you be able to borrow if you procrastinate for another year?”

 

One of the many important reasons for taking action now at the beginning of 2016 is quite simply do it “BECAUSE YOU CAN!” It might be a completely different story in a few months time and you may have lost your opportunity for ever!