Blog


What landlords should look for when choosing a property manager


Appointing a property manager to take care of a rental property is a major decision, but there is more for landlords to consider than fees alone.   The right property manager can mean the difference between a hassle-free experience and a regrettable one.   Property owners can start by researching the different companies that service the area where the property is located. Landlords can typically choose between full-service real estate agencies or dedicated property management companies.   Many landlords focus on fees when comparing property managers, says Property North Agency director Ben Benny. “For some people, it’s all about money – they don’t look past that.”   Fee structures can differ between agencies. Most charge a fee based on a percentage of the rent, with rates in capitals typically varying between four and eight per cent, depending on the area and services included, plus a monthly administrati...


How to quickly upsize your home in a rising property market


How to quickly upsize your home in a rising property market     As auction clearance rates surge and median house prices rise to record levels across the country, would-be vendors are eagerly watching the market wondering whether it’s time to make a move.   “People are looking to upsize more than at any other time in the 18 years I’ve been in real estate,” says real estate agent and Clarke and Humel principal Michael Clarke. “They can’t travel the way they used to, so the lifestyle their home represents has become more important. They are focusing more than at any other time on things to do with the home.”   Growing families with roots in their community are increasingly seeking more space, says Village Real Estate director and auctioneer Huss Saad.   “They just want to stay in the area, so upsizing is the next step,” he said. “We’ve started to see a l...


The decor decisions that could mean you're turning into your parents


A generation ago, the biggest signifier of adulthood was marriage. Twenty years ago, it was buying a house together. But 21 years into the 21st century, with renting and singlehood more popular than ever, there are no clear-cut signs that you’re officially “adulting” anymore. Instead, we must rely on more nascent symbols, such as being tired all the time, and signing off using the word “best” on your emails.   But for those fully immersed in adulthood; the ones who’ve been at it for a while, clearer signs may become visible, not in the purchase of a home, but what is inside it. If you have any of the following in your place of residence, then, congratulations, you’ve hit peak grown-up. A motivational quote    If you’re a properly grown-up person, you recognise that frameless posters have no place in your house any longer, but phrases, slogans and words somehow mean more than ever.    Do you...


2021 shapes up to be the year of the upsizer on the upper north shore


The upper north shore property market is out of the blocks early in 2021, and all signs are pointing to this being the year of the upsizer.   Downsizers are also expected to make a strong showing, with agents reporting that more owners of big, long-held estates are moving to sell this year – news that will be welcomed by buyers desperate to see more stock come to market.   Record low interest rates and a COVID-led trend towards larger, more lockdown-friendly family homes has proved an unexpected bonus for the leafy upper north shore, which ended 2020 on a high, having notched up a handful of new suburb sales records.It’s hard to believe that less than 10 months has passed since we were introduced to the concept of international and state border closure, household lockdowns and mandatory quarantines.   Life as we knew it before then has radically changed as we adjust to a world with COVID in our midst. It was the year that we threw away the real estate m...


Prospect of a six figure hike in Sydney house prices stokes affordability worries


The value of a typical detached house in Sydney will rise by another $120,000 by the middle of this year if price gains of the December quarter are repeated in the first half of 2021, reigniting worries about home affordability in the city.   Sydney’s median house price jumped by $55,000, or 4.8 per cent, during the last three months of 2020 to a record $1.21 million, Domain Group figures show. If the December quarter growth rate is duplicated in the subsequent two-quarters Sydney’s median house price will surge well past the $1.3 million mark by the end of June.     The median price for a detached home in Sydney is at a record high. CREDIT:PETER RAE   Domain’s senior research analyst, Dr Nicola Powell, said extremely low interest rates and a remarkable recovery in consumer confidence were likely to underpin further growth in detached housing in Sydney.   “I think we will likely see prices continue to rise for house...


The property market does the unexpected: Fears of prices crashing have eased for now


  With most homeowners seemingly able to repay their home loans after having ‘mortgage holidays’ and property sales continuing to happen, it is pleasing to see that the doomsday predictions of impending price crashes are highly unlikely to occur.   While we have been saying that forecasts are difficult, it is somewhat of a relief that the predicted price falls of as much as 30% have not come to fruition.   Despite the worldwide pandemic, high unemployment, and the economy being in recession, the Australian housing market is proving to be remarkably resilient and since mid-October appears to be on the move again.   Auction clearances   Aided by the fact that prospective buyers are outnumbering sellers, the auction clearance rates and sales, in general, have been strong. Auctions have been clearing at about 70%.   Buyers have good reason for confidence as our economy has been well propped up by the state and federal governments: - empl...