Golf club course housing estates.

June 4, 2011 by Tim  
Filed under property market, Renovating

Melbourne has at least fifteen golf club estates for housing current or being built. Jeff Blunden, a property researcher, says, while these housing estates have been a great success. Into the fiuture, in practical terms no more will be built. The value of land has simply risen too high for a developer to make a good return. Few home owners may actually play golf, they like the peace,less neighbours and noise and the view over the golf course. One could say it is a bit like a great big backyard. Arguably, one of the most successful has been, Sanctuary Lakes, near Point Cook.
In the USA, people pay 30% to 50% more for a block on a housing estate. While, here in Victoria they can be bought at no premium to normal land. A 70 Ha golf course estate takes away 1000 blocks equivalent for housing.

Currently, land values vary between $280,000 to $1M a block for land on Golf course adjacent estates.One can still buy golf course adjacent land at Eyesenbury, west of Melton for $260,000. The prices at the Hunt club, near Cranbourne are OK too.
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Ideas for your garden/outdoor room,via easy home renovating

May 25, 2011 by Tim  
Filed under outdoor rooms, property market, Renovating

Ideas for you garden and outdoor room will enhance the appeal of your home.
1  A well designed landscaped garden will add great value to a home, consider a professional landscape gardener.

2  Care should be made placing artwork within the garden, in order to optimise your garden features.
3  A practical outdoor room will have relaxing furniture including a suitable table, couches and chairs.
4  An outdoor weather proof rug will add comfort to an outdoor room.
5  A fire pit or outdoor heater will allow you to enjoy your outdoor room for an extended time and into winter.
6  An ethanol heater can be used either outside or inside your home, as they don’t need a flue.
7  A garden room screen, could be brushwood, Bamboo, glass, a metal sculpture or composite product.
8  Be aware of Bamboo in the garden as a feature plant, as it can grow out of control. It is a great screening plant and gives an Asian type effect, just keep it trimmed.
9  A new timber replacement product is a wood composite, futurewood, made from HDPE, hard wood flour, and rice husks.
10 Outdoor lighting is one way to enhance your enjoyment of a garden or outdoor room.

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Building your Home’s Street Appeal,via easy home renovating!

Something like 90% of real estate agents, say a home buyers first impression at the front entry is important in their ability to sell the home. Some agents say as many home buyers have declined to even inspect a home, purely on the basis of is poor “Street Appeal”.

A top ten list of favourable factors would include-

1  Attractive windows and doors can reduce energy costs and highlight the home. The front door and entrance are  places of high impact.

2  All renovations should highlight the home’s original style, as historical features impact on value.
3  Custom features and a feature front door are important.

4  A feature window and good natural light are favourable factors. Some 75% of real estate agents, say that the amount of natural light is important in the appeal of a home.
5  The garage is often a prominent, first feature. Therefore make sure yours matches the home and entrance area.
6  Have your garden in the best possible presentation order, with bushes trimmed, lawn mown, edged and some plants in flower.
7  Keep your doors and windows in a consistent colour, stick to a theme.
8  Inside the home, have window treatments of the curtains and blinds in attractive order.
9  Have your windows washed and cleaned, to optimise the view.
10 Consult with your real estate agent and pay for a home staging stylist, they will be well worth the money.

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National Banks,U Bank,via easy home renovating

National Bank’s U bank, is offering Standard Variable loans, at 6.59% through its direct Internet application process. I have flagged this before. This development of the Internet application process shall lower the cost of banking, particularly for home loans. So while Westpac is offering loans at 7.86%, National has loans via the U bank has highly competitive loans at 6.59%. All the big banks have these direct Internet application loans, Commonwealth’s is Netbank, ANZ is ANZ Direct, Westpac is Westpac Online an RAMS. So while, some commentators see a fall in home prices, due in part to higher interest rates. I expect this will be partly offset by lower rates available from the direct application process over the Internet. Many expect interest rates will rise by close to 50 points over the year, while a direct loan application can save you 120 points. Given the recent slowing in retail sales the interest rises mooted, may well be abated.Westpac, are even saying interest rates will fall a whole 100 points over the coming year of 2012.Futures markets are heralding a fall in interest rates.

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Property prices are moving, check easy home renovating

May 16, 2011 by Tim  
Filed under property market, Renovating

I am reading in the Australian, that property values have eased. This is hardly the entire story, as its a very big market. The figures released say, year on year, price movements are Sydney +2.1%, Melbourne +1%, Brisbane -6.8% Perth -6.4%. These figures are averages so, not accurate for all areas. In Brisbane, there’s been terrible floods, so incomes are down heavily, there are forced sales, and no buyers in the risky flood plain areas. Insurance companies have changed their flood map plans and thus flood insurance for many suburbs. In Melbourne and Sydney, I suggest the luxury areas have fallen even further, as they were too high. Below, I suggest these falls are temporary as the rate of growth of population has dramatically slowed: from 486,000 new Australians in 2008, to 345,000 in 2010: this is the slowest growth for four years. The latest government announced, strategy is for an substantial increase in this rate of growth, with more refugees, temporary migrants, family reunion and normal migrants, every category increased. Erratic population strategy is disastrous for home builders.
Check your rate of auction clearances at local auctions.

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