Kym Goodenough Real Estate

A Family Business with Family Values

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Mother's Day

Posted on 9 May, 2014 at 2:50 Comments comments (0)

To all the Mothers in the world have a great day may your children spoil you.

For all of us whose mothers are no longer with us remember the great times we had.

Sunday 11th May

Landlord Insurance

Posted on 24 April, 2014 at 21:05 Comments comments (0)

Landlord insurance is an important part of an overall property investing strategy. It will help you when your tenants don’t pay their rent and protect your contents and your building.

When tenants don’t pay their rent

Rent default is probably the part of landlord insurance that most people are familiar with. You should be looking to protect yourself from loss of rent due to, default, tenant eviction, hardship order and unexpected death of a tenant.

It is important to note that many of these policies don’t kick in straight away so make sure you have enough money to cover any shortfall and that you really understand what you are covered for and the duration that is covered in your policy.

April 2014 Property Outlook

Posted on 2 April, 2014 at 23:10 Comments comments (0)

With the current buoyancy in the market, it appears that investors are pushing ahead of many first homeowners in a bid to build their portfolios. Michelle Hutchison, a money expert at Finder.com.au, says “Investors are holding some first homebuyers hostage from the property market as they take advantage of low interest rates and high yields.”

Hutchinson says investors are benefiting from their financial position. “Investors are stronger in the property market than first homebuyers because they can use equity from their existing home and take advantage of low rates to snap up properties faster, while first homebuyers are slowed down by the cost of saving for a deposit and upfront fees with no existing equity. First homebuyers need to be prepared when bidding against investors if they want to secure their property.”

The website’s claims are based on Australian Bureau of Statistics data which reveals the total value of first homeowner loans was five times less than investment loans financed in January 2014. This was despite an increase in the proportion of first homebuyers out of all owner-occupied home loans from 12.7 per cent in December 2013 to 13.2 per cent in January 2014.

Our Living Patterns

Posted on 14 March, 2014 at 2:45 Comments comments (0)

Seems like here in Australia, we like to hopscotch around a bit when it comes to where we live.

Our latest data says only 16% of Australians overall intend on staying in their current suburb for the rest of their lives, while an emphatic 36% said they’d be looking elsewhere at some point in time.

From Real Estate.com

Land Tax Proposal

Posted on 5 March, 2014 at 19:10 Comments comments (0)

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Property Management

Posted on 5 March, 2014 at 17:05 Comments comments (0)

The arm of Property Management will be live very soon and we will have some very competitive rates on offer.

Five things you should know about your property contract

Posted on 4 March, 2014 at 21:35 Comments comments (0)

By Jennifer Duke
Monday, 03 March 2014

Property, and contracts, can be a stressful situation - particularly for the inexperienced. Here are five quick things you should know about your property contract. If you have any tips, add a comment at the end.

1) Offers usually do best with an expiration date

Without an expiration date, you will need to rescind the offer or the seller can accept at any time. You can also use this time limit to dissuade the real estate agent from using it as a negotiating tool with other prospective buyers, as well as to show them you are serious about closing a sale quickly.

2) Just because it’s standard, it doesn’t mean you can’t modify it

Head to your solicitor and have them go through the contract with you paragraph by paragraph. While some elements are standard, there are many areas that provide plenty of flexibility allowing you to get the terms and conditions that you want. Never assume that just because something is the “norm” it means you can’t change it to get a better result for yourself. For instance, you may want to negotiate early access to the property or modifications before you move in, or you may want to provide extra conditions. You may make it subject to a valuation, financing, building and pest inspection or even an inspection of the latest body corporate records.

3) Settlement dates can make or break a deal

Typical settlement dates are 30, 60 or 90 days, but don’t feel that you can’t change this. The main thing to remember is the importance of the settlement date to both the vendor and the buyer. There have been many situations where too short a settlement date is the “make or break” factor for the seller, who needs more time to move on, and vice versa.

4) You can submit more than one contractual offer

If a seller is asking for longer in the settlement, and this doesn’t suit your plans well, you may look to offer an identical contract, but instead of for the 30 days proposed at $720,000, you might offer 60 days and $710,000. You can submit a number of offers for them to compare, that may secure you a better deal. You may also submit unconditional contracts along with one with a number of conditions, but with a lower price. This gives the vendor something to compare against and consider.

5) Chattels need a double-check

Chattels, or all those ‘extras’ such as window furnishings, blinds and appliances, deserve a mention in the contract. Do not necessarily assume that because you have seen it at the property it will be coming with the home – even if the real estate agent has told you that it will. Get this in writing, in the contract, in as much detail as possible.

Welcome to the RP Data Property Pulse Introduction by Cameron Kusher

Posted on 1 March, 2014 at 20:15 Comments comments (0)

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Home values across the combined capital cities increased by 1.2 per cent in January 2014 according to the RP Data-Rismark Home Value Index. The rate of value growth over the month was slightly slower than the 1.4 per cent increase in December 2013 and highlights that housing market momentum from late 2013 has been carried in to early 2014.

Over January, each capital city experienced a rise in values except for Adelaide where they were unchanged and in Perth and Darwin where values fell. Over the three months to January 2014 combined capital city home values increased by 2.7 per cent. Over this period, home values have increased across each of the eight capital cities.

Combined capital city home values have increased by 9.8 per cent over the 12 months to January 2014. Over the year every capital city apart from Hobart (-0.2 per cent) has recorded a lift in dwelling values. Sydney (13.4%) and Melbourne (11.9%) have been the primary driver of capital gains over the current growth cycle. Value growth has been more moderate in Perth (6.9%), Darwin (4.6%) and Brisbane (3.8%) and significantly lower in Canberra (2.7%) and Adelaide (2.5%). Although the headline figures for capital growth are strong, the individual city-based data shows that the headline figure is largely being driven by strong growth in the two largest capital cities.

Breaking the results down into houses and units, it shows that annual value growth for houses has been stronger (10.1%) than that for units (8.0%).

The trend where houses are recording higher capital gains compared with unit markets is evident across every capital city except Perth over the past year. It will be interesting to see whether this trend is replicated in 2014 given that, based on median selling prices, units are $95,000 more affordable across the combined capital cities and as much as $214,500 more affordable in Sydney.

From The Secret Daily Teachings

Posted on 18 February, 2014 at 19:15 Comments comments (0)

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Today, be grateful. Be grateful for your favorite music, for movies that make you feel good, for your phone that connects you with people, for your computer, and for the electricity that lights up your life. Be grateful for air travel that flies you everywhere. Be grateful for the roads and traffic lights that keep the traffic in order. Be grateful to those who built our bridges. Be grateful for your pet, for your child, for your loved ones, for your eyes that enable you to read this. Be grateful for your imagination. Be grateful that you can think. Be grateful that you can speak. Be grateful that you can laugh and smile. Be grateful that you can breathe. Be grateful that you are alive! Be grateful that you are You!

Be grateful that there are two words that can change your life.

Thank you! Thank you! Thank you!

 

May the joy be with you,

Preparing your Home for Sale

Posted on 9 February, 2014 at 17:25 Comments comments (0)

So you’ve made the decision to sell. The marketing plan is in place and you’re ready to have potential buyers walk through your property, but the question remains… are you really ready for this? Here are some tips that have proven to be invaluable to the successful home seller.

The right preparation and just a little investment, whether it be time or money spent on sprucing up your home, can deliver significant financial results.

Consider re-configuring rooms
If you are advertising a three bedroom home for sale then that is what people will be coming to see. Consider re-organising the rooms for the sale to show them to their best advantage. Hire or borrow some bedroom furniture, and put excess items in storage.

Tidy up the garden
Keep in mind that first impressions count. Dig out weeds, put mulch on the garden beds, keep paths and the driveway swept, prune and shape trees and shrubs, and make sure rubbish bins are clean and tucked away.

Get rid of the clutter
Crowded shelves and drawers can make rooms and storage space seem cluttered and smaller. Consider putting non-essential items in storage throughout the sale period.

Not everyone loves your cat as much as you!
If you have pets, it is also advisable to keep them out of the house, or ask friends or family if they will look after them during inspections. Remember to air your house as well as store your pets bowls and toys prior to inspection.

Remember first impressions last
Set the scene for your prospective buyer. Draw attention to your property's best features by displaying fresh flowers and hanging decorative hand towels in the bathroom.

An open home is a great way to promote your property to prospective buyers. With the right preparation, an open home can be very successful.


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