Category: Property News (8)

Wouldn’t it be a life-changer if you live in a clutter-free home? Somewhere free of fuss and mess, and forgotten corners are free of dusts. Decluttering might seem like an overwhelming task, but it doesn’t have to be. In fact, it can free you from stress and create extra space in your home!

Try these surprising decluttering tips that will make your house visually appealing and your life more comfortable.

  1. Avoid Adding More Storage Space

This might seem counterintuitive but it actually makes sense. A lot of times when we want to get rid of clutter from our sight, we head over to shops to buy storage solutions.

The result? We end up having more storage solutions than clutter or a house full of storage containers keeping things we actually don’t need.

Buying more storage solutions is not always the answer. Your goal should always be to remove the clutter rather than storing it. After sorting through your things and you find some items you cannot throw away, only then you can buy additional storage solutions.

  1. Create an All-of-a-Kind Drawer

Candles, batteries, sticky tape- these are just examples of items you end up repurchasing because you don’t know where you place them too often. Keep track of these items by placing them in an ‘everything’ drawer or cupboard.

Having an all-of-a-kind drawer means you’ll have a storage solution for useful things, so you don’t waste time riffling through the house looking for them. And while you’re at it, consider corralling like items with a grid inserts so you can easily find items in the drawer.

  1. T-shirts Rolled and Filed

Did you know that you could get about a third more shirts in a drawer with a fold-and-roll technique? The best part about this method is that it keeps logos, patterns, or labels displayed, making it faster to hunt down clothing items you need on any given day.

  1. The Oprah hanger trick

Oprah uses this unique decluttering trick to organise her wardrobe.  She only uses hangers to determine which items in her closet needs to go or keep.

To start, you will need to hang each item in your wardrobe with the hanger facing in the reverse direction.

When you wear something and put it back, turn the hanger around to face the correct direction.

After six months or sooner, you’ll know what you do and don’t wear. Everything that you haven’t touched in six month must go.

  1. Don’t bring in Junk Mail

This might sound obvious, but you’d be surprised to know how many people mindlessly bring junk mail into the house and let it clutter up bench tops. Every a few pieces of paper or junk mail piled can make the whole house look messy. You can further avoid excess paper clutter by opting out of mailing lists for credit offers, catalogues, and other junk mail you don’t need.

  1. Fill One Trash Bag

This is one of the easiest and most favorite decluttering techniques. Simply grab a large trash bag and see how quickly you could fill it. While much of what you collect is trash, you could also use to fill the bag for donation.

No matter what you choose to help you get started, the goal is to take your first step with excitement behind it. There is a beautiful world of freedom and fresh breath hiding behind that clutter. How you remove it is up to you.

 

It’s that time of the year again when we wonder what interior design trends will glamour up our dwellings. 2018 will bring big changes in terms of new style trends to enjoy. There will be old aesthetics coming back and entirely fresh looks taking shape.

These interior style predictions shared by industry experts may surprise you.

  1. Matte Black Finishes

This year, look out for matte black in bathrooms as well as kitchens. Matte black finishes can surely create a statement-making look that’s modern and that which complements a wide range of materials and styles. Homeowners who want to add contemporary styles in these home spaces are embracing this tough, versatile finish.

  1. Vintage Accessories

Mix found items like books and art into your space to create a unique and personal experience. You can curate old and vintage accessories and art, which are all easily accessible these days online from social media through ebay, antique shops, and other online listing channels.

Vintage items can be a potential focal point or conversation starters when you’re receiving guests. Knowing the era of design you connect most with can be a great start when you’re going to apply this trend in your home.

  1. Bold Colors

According to Rainey Richardson of Rainey Richardson Interiors, 2018 will be about anything but neutral tones and things are moving in a bold direction. Expect to see strong blues and vibrant greens in homes, which would replace boring palettes we saw in the past years.

This might be your go signal if you’ve been meaning to go for fun a pattern and colour in your furniture. While neutral shades should still dominate a portion of your design, they’ll be positioning more in the background in favour of your statement furniture. You can start with your rugs, throw pillows, and blankets if you want to get on the trend without your interior looking overwhelming.

  1. Maximalism

There will be more texture, colour, pattern, embellishment, comfort, and eclectic style this year. Think vibrant hues and wild wallpaper prints, layered rugs, and tons of texture. Maximalism is basically the no-rules necessary approach when it comes to designing and adding personality to your home.

  1. Statement Ceilings

Forget statement walls. Things are looking up. Boldly painted or wallpapered ceilings are now the hype. Searches for statement ceilings are up by 310 per cent this year on Pinterest. It’s a unique way of transforming a room from the top down. You can get on this trend by wallpapering, tiling, decorating or painting the ceiling to make it a standout feature of the room.

The Reserve Bank of Australia doesn’t seem like it’s in a rush as its Board left interest rates steady at record low 1.5 per cent at the conclusion of its February monetary policy meeting. 

The decision was widely anticipated by financial markets.

“The low level of interest rates is continuing to support the Australian economy,” RBA governor Philip Lowe said in a statement.

“Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time.”

However, during its first meeting of the year, the bank cited continuing concerns about weak household consumption, with household incomes growing slowly and high debt levels. 

Rates have been at 1.5 per cent since 2016 when the RBA cut them down a notch to the current “emergency setting”.

Lowe’s statement didn’t touch the sudden slump on financial markets. Instead, the governor highlighted the positives such as the advancement of the global economy in 2017. As economies pick up, unemployment rates have declined. 

“The Chinese economy continues to grow solidly, with the authorities paying increased attention to the risks in the financial sector and the sustainability of growth,” Mr Lowe said.

Inflation is likely to remain low for some time, reflecting low growth in labour costs and strong competition in retailing. A gradual pick-up in inflation is, however, expected as the economy strengthens.

Further in his statement, Lowe mentioned how nationwide measures of housing prices have changed over the last six months, with prices dipping in some areas. Tighter credit standards have also been helpful in containing the build-up of risk in household balance sheets.

The statement released in February elicit very little reaction in the markets, underscoring how the commentary on the recent decision was the same to the one released two months ago.

Rate rises look like they’re coming, just not for some time yet.

To access RBA’s full statement, click here.

First-home buyers are predicted to charge in full force into the property market this year as State Government made favourable changes on stamp duty, making housing more affordable.

The second half of last year saw more than double the amount of first-home buyers capitalising on stamp duty breaks than the same period in 2016.

Recent figures show first-timers rushed to the city’s most affordable areas to enter the market from July last year, around the time stamp duty was abolished for first-home purchases under $600, 000 and concessions were made available for those properties up to $750, 000.

According to the latest Australian Bureau of Statistics data, loans to Victorian first-time home buyers reached a peak in November 2017 since 2009.

First-home buyers saved the most on stamp duty exemptions in Wyndham in the second half of 2017.

It is followed by Casey in the outer southeast, then Hume in the north, Greater Geelong and Melton.

A potential saving of $32,000, if you buy at $600,000, is a huge amount of money for a first-home buyer.

Real Estate Institute of Victoria president Richard Simpson said the changes had helped more Victorians get into the property market.

“We expect stamp duty concessions will encourage a high level of participation from first-home buyers in both the housing and apartment markets throughout 2018,” he said.

TOP LOCAL GOVERNMENT AREAS FOR FIRST-HOME BUYER STAMP DUTY EXEMPTIONS

1. Wyndham, 726

2. Casey, 664

3. Hume, 629

4. Greater Geelong, 433

5. Melton, 368

6. Whittlesea, 359

7. Cardinia, 322

8. Greater Bendigo, 302

9. Frankston, 299

10. Ballarat, 294

VIC TOTAL: 9702

TOP LOCAL GOVERNMENT AREAS FOR REDUCED STAMP DUTY FOR FIRST-HOME BUYERS

1. Casey, 248

2. Wyndham, 153

3. Whittlesea, 144

4. Yarra Ranges, 100

5. Greater Dandenong, 87

6. Knox, 82

7. Kingston, 81

8. Hume, 79

9. Frankston, 78

10. Moreland, 76

VIC TOTAL: 2061

Source: State Government, transactions 1 July 2017–31 December 2017

Cryptocurrencies like Bitcoin and Ethereum are taking over the housing market. It’s slowly even making its way into the Australian property market.

Last year, a family house in Melbourne’s outer east has been put up for sale and its seller is willing to accept Bitcoin as payment.

A 32-hectare property dubbed as Wooroonooran Falls was also put up for sale sale for 100 Bitcoin, after being listed at $1.2 million.

Listing a property as Bitcoin-friendly could be a deciding factor in someone’s ability to purchase it. It also opens the property to a new market of potential buyers in the cryptocurrency sphere.

Digital currency offer significant chance of appreciation over the coming weeks. A Bitcoin transaction is easier and cheaper from a technical point of view.

Slowly, a few property deals in UK, US, AU, and in the middle east are being done using cryptocurrencies.

How will the housing market fare in 2018? It’s the hottest question on the lips of Australia’s property players, prospective buyers, and homeowners.

Here are five property market trends that will manifest themselves in the coming months:

  1. Mortgage rates are expected to rise

Financial markets predict that the RBA will raise the official cash rate of the record low 1.5 per cent level late in 2018. This will have a measurable impact on household mortgage payments.

However, the RBA has expressed that the Australian property market is cooling and will not feel the need to lift the rates to slow the market.

Whether or not the Reserve Bank will boost interest rates this year, borrowers should still prepare themselves for higher mortgage rates because there’s no indication that rates will decrease in the near future.

Source: ANZ Research

  1. Property prices to moderate

Property prices in Sydney slowed to a trickle after years of ridiculous percentage price gains. The same can also be said to Melbourne’s growth, which has noticeably slowed towards the end of 2017. Experts agree that this trend will continue this year.

Having said that, it’s expected that the property market will welcome more first-time home buyers.

Source: ANZ Research

  1. First-home buyers will make a comeback

With Melbourne’s soaring property market beginning to decline a bit in 2018, there will be a resurgence among first-time home buyers.

Although it’s predicted that property investors will pull back, they might want to take this slow growth as a buying opportunity if they have a long term outlook. Slower markets give smart investors the chance to buy more properties at a cheaper price, which will yield double digit capital growth in the long term.

  1. Homeowners opting to renovate over moving houses

Due to high stamp duty taxes on property transfers, Australian homeowners are choosing to renovate their homes instead of moving.

  1. Strong population growth will continue

Australia’s strong population growth will underpin property markets. This means there will be more demand for housing.

Over the last year, Victoria was the fastest growing state with a population increase of 2.4% and this soaked up much of the anticipated oversupply of new apartments in Melbourne.

Starting 1 January 2018, homes that are left unoccupied for more than six months of the previous calendar year, are subjected to be taxed under the Victorian Government vacant residential land tax (VRPT)

Last year, the Victorian Government introduced the vacant residential land tax (VRPT). This is in response to the Government’s concern about the growing number of properties being left vacant across Melbourne’s inner and middle suburbs. The Government also believes that this will encourage land owners to make residential properties available for purchase or rent so that Melbourne’s current housing stock is used as efficiently as possible.

For more information about VRPT, click the link below:

https://goo.gl/GoNqce

Given Melbourne’s widespread price surge in recent years, buyers are left scrambling to find affordable homes elsewhere that won’t leave a hole in their  pockets.

Fortunately, the city’s north and west still remain the best options when it comes to affordability.

REIV president Richard Simpson tipped that battler ‘burbs like Albion, Broadmeadows, Epping, and Taylor Lakes will lead the charge this year.

The said Melbourne suburbs have yet to reach median house price; hence, they are best placed to experience strong price growth in 2018.

The following are the suburbs to watch in 2018:

  • Epping
  • Maidstone
  • Frankston North
  • West Footscray
  • Cheltenham
  • Broadmeadows
  • Taylor Lakes
  • Bayswater North
  • St Albans
  • Lalor

More info here: https://goo.gl/4wmfQP