November Wrap Up

Greetings from Scoutable and welcome to our November Wrap Up.
 
Last weekend, of the 1,431 properties scheduled for auction in Sydney, only 394 of those sold under the hammer. Interestingly, 310 properties were sold prior to auction, 8 sold after, and 317 were passed in. A further 220 were withdrawn. While it may seem dismal, we believe it to be a great market for buyers as the auction climate cools. Melbourne had a fair turnout with a 66% clearance rate whereas in Brisbane, close to 50% were either passed in or withdrawn.

As usual for this time of year, stock levels are dropping with the lead up to Christmas and school holidays. Vendors and agents alike are keen to tie things up before the market completely shuts down - though options may be limited, a perfect time to secure a property for a good price.

The Reserve Bank of Australia decided to keep the official cash rate on hold at 1.5% at its November meeting and is expected to remain at this record low till the latter half of next year according to the OECD (The Organization for Economic Co-operation and Development).

Are you looking to buy or invest? Let us help. We love property and would love to find the perfect one for you.
 
Till next month,
Kellie Landrey | Principal Buyers Agent

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IN THE NEWS

NEW RULING ON DEPRECIATION FOR ESTABLISHED DWELLINGS
http://www.smh.com.au/money/landlords-lose-thousands-in-tax-savings-in-new-bill-20171127-gztdvj.html

ABANDONED REDFERN TERRACE SET TO SELL
https://www.domain.com.au/news/dilapidated-redfern-terrace-that-squatter-tried-to-claim-to-be-sold-by-trustee-20171129-gzucha/

RBA LIKELY TO INCREASE CASH RATE IN SECOND HALF OF 2018
https://www.businessinsider.com.au/rba-rate-hike-oecd-2017-11

PROPERTY OF THE MONTH

7/4 WARATAH STREET RUSHCUTTERS BAY

This one bedroom art deco apartment is situated in an unrestricted company titled building, suiting both first home buyers and investors. The walk up complex was built in the 1930s, comprising 25 apartments, over three levels.

Whilst the apartment is compact, at approximately 35sqm, the layout and leafy outlook certainly give it a sense of space. The property is presented in rentable condition, however, there is plenty of scope to improve with refurbishment of the kitchen and bathroom, and the option to expose the timber floor beneath the carpet.

The property is located next to Rushcutters Bay Park, within walking distance to the CBD (approx. 2km), transport (500m to Kings Cross train station), cafe and retail facilities.

With a  price guide of $600,000, it was snapped up quickly and sold last night for $630,000.

The apartment provides above average potential for capital growth whilst providing solid rental returns.

If you'd like to know more about this property or any others, please get in touch.
 

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July Wrap Up

Greetings from Scoutable and welcome to our July Wrap Up.

Scoutable had a mini break and spent some of July on the Amalfi Coast. Unable to completely forget about property, we saw some pretty amazing houses, not to mention some incredible views.

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Meanwhile back in Australia, UBS Economists are reporting a ‘correction’ in residential construction as a result of the slowdown in the apartment market but believe house prices will continue to grow, though at a slower pace. They are predicting an average capital growth down to seven percent by the end of 2017 (10% reported June 17). In 2018, their forecast is between zero and three percent.

Please see article below from the Sydney Morning Herald for more information.

http://www.smh.com.au/business/property/house-price-growth-to-slow-further-but-not-crash-ubs-20170716-gxcb21.html

If you're thinking of buying or investing in Australian property, get in touch to learn about Scoutable services and how we can assist with your property search.

Till next month,
Kellie Landrey | Principal Buyers Agent
 

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June Wrap Up

Greetings from Scoutable and welcome to our June Wrap Up.

We hope you're all keeping warm during these cooler months. Is it really tax time already??

For all our investor friends, find a link below to a great article with some hot tips relating to your investment property at tax time. As a few minor adjustments have been made, it might be worth a read and/or talking to a tax professional.

As mentioned in our recent budget breakdown newsletter, July 1 will bring some changes to the property market.  It will be very interesting to see how the sub $800,000 market is affected with the changes to stamp duty for first home buyers. Will properties just increase in purchase price by the stamp duty concessions? Or will the grant give first home buyers an edge over investors? Time will tell. Further, will the new taxes and changes made to foreign ownership ease the affordability issues in Sydney.

 

If you're thinking of buying or investing in Australian property, get in touch to learn about Scoutable services and how we can assist with your property search.

Till next month,
Kellie Landrey | Principal Buyers Agent

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April Wrap Up

Good afternoon and welcome to Scoutable’s April Wrap Up.

We hope you all managed to take some time off over the holiday period.

As per usual, Easter brought the property market to a near halt as you'll see in the Auction table below. Anzac Day also kept things relatively quiet but we're starting to see it pick up again.

Scoutable is now preparing for its second trip to Asia. We'll be in Hong Kong and Singapore for a week mid May so if you or someone you know is looking to invest in Australian property, get in touch. We're available to discuss the Australian property market, Scoutable services and how we can assist with your property search.
 
Till next month,
Kellie Landrey | Principal Buyers Agent

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SYDNEY MARKET BACK IN FULL SWING AFTER HOLIDAY BREAK
https://www.domain.com.au/news/sydney-auctions-rise-after-holiday-pause-as-rents-surge/

ASX HEADQUARTERS SOLD FOR RECORD YIELD
https://www.corelogic.com.au/news/home-of-the-australian-stock-exchange-sells

COMPUTER ALGORITHMS TO DESIGN PREFABRICATED DWELLINGS
https://www.dezeen.com/2017/04/24/cover-uses-computer-algorithms-design-prefabricated-dwellings-generative-architecture/?utm_medium=email&utm_campaign=Daily%20Dezeen%20Digest&utm_content=Daily%20Dezeen%20Digest+CID_d258c241f3c7bb0509ccc60b4b1b5ed2&utm_source=Dezeen%20Mail&utm_term=More
 


PROPERTY OF THE MONTH

111 MILSON ROAD, CREMORNE POINT

Sitting on 655sqm of land is this four bedroom, four bathroom home complete with parking for three cars, under-house cellar, swimming pool and fully self contained one-bedroom apartment. One of the Scoutable perks is exploring beautiful residences like this.
The master craftsmanship throughout is second to none and it's the details that really set it apart. We love the chevron flooring, elevated garden and walk in pantry. We also love the full length verandah overlooking the pool and garden and the panoramic Harbour Bridge and city views offered by the rooftop terrace.

March Wrap Up

Good afternoon and welcome to Scoutable’s March Wrap Up.

It's been another busy month for Scoutable as we've packed up and moved office. We're loving our new space and are looking forward to having clients come visit.
 
The Reserve Bank of Australia decided to keep the official cash rate on hold at 1.5% at its April meeting today. That is a record low for 12 consecutive months now. Even though the cash rate hasn't changed, banks are continuing to adjust interest rates outside of RBA movements. Having said that, despite some upward movement in recent weeks, interest rates still remain relatively low. If you're looking for a loan that suits you, we can recommend some great brokers.

As usual for this time of year, stock levels are dropping with the lead up to Easter and schools holidays.

Are you looking to buy or invest? Let us help. We love property and would love to find the perfect one for you.

 
Till next month,
Kellie Landrey | Principal Buyers Agent

P.s Did you catch Scoutable on The Real Housewives Of Sydney? SO MUCH FUN!!!!

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IN THE NEWS

THE BANKS HAVE BEEN WARNED
https://au.news.yahoo.com/a/34898293/subdued-consumer-to-weigh-on-rba-thinking/#page1

RENTAL AUCTIONS?
https://www.domain.com.au/news/controversial-us-rentbidding-startup-rentberry-to-launch-in-australia-tenant-unions-slam-the-idea-20170401-gvbmmy/

ONCE A TANK STATION, NOW A HOME
https://www.dezeen.com/2017/03/29/smartvoll-sculptural-concrete-staircase-loft-salzburgs-panzerhalle-interior-renovation-residential-salzburg-austria/

 

PROPERTY OF THE MONTH

9/9A BENNETT STREET, BONDI

This two-bedroom, one-bathroom, one-car space, 61sqm apartment presents a great opportunity to get into the sub-million dollar market and it ticks a lot of boxes.
It's top floor position within a block of only nine, and three walls of windows ensures excess amounts of light and air. It also indicates that a few structural changes might be possible. There's so much room to add value here but it's also completely livable as is. It's in a great location near shops and transport and is roughly an equal distance between the beach and the junction.
This property will provide above average potential for capital growth whilst providing solid rental returns.
With a price guide of $900,000, it goes to auction this weekend and we're keen to see what it sells for.

February Wrap Up

Good afternoon and welcome to Scoutable’s February wrap up. We hope you have settled well into 2017.

Scoutable held its first ever roadshow to Hong Kong & Singapore in February, where we presented on the Australian property market and met potential buyers including expats and foreign investors. We learnt that the appetite for foreign investment is strong. In fact, 70% of loans drawn overseas for Australian property are for foreign investors, whilst the remaining 30% are expats from not only Australia, but also England, America and Europe.
There are many great reasons for expats and foreigners to invest in the Australian property market:
A safe investment
More affordable options compared to local prices
Good yield and return on investment
The opportunity to build tax credits and wealth*
A home to settle in upon return to Australia
Our trip was a great success, and we're already planning our next visit in May. Please get in touch if you, or someone you know would like more information regarding investing in the Australian property market as a foreigner or expat.

The official cash rate was kept on hold at 1.5%, following the Reserve Bank of Australia's first rate meeting of 2017 on the 7th February. Interestingly, some lenders are adjusting interest rates outside of the RBA movement (or lack thereof) and there are still some attractive deals out there. To ensure you get the best match for your needs and situation, we can recommend some great brokers to help you find a loan that suits you best.

Are you looking to buy or invest? Call us for a chat. We love property and would love to find the perfect one for you.
 
Till next month,
Kellie Landrey | Principal Buyers Agent

*Scoutable is unable to provide tax advice. For independent tax advice, please seek guidance from a tax professional.
 

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IN THE NEWS

SCOUTABLE PRIDES ITSELF ON BEING INDEPENDENT, SO FEAR NOT!
http://www.yourinvestmentpropertymag.com.au/news/beware-of-possible-collusion-between-buyers-agents-and-real-estate-agents-231766.aspx

WHAT YOU NEED TO KNOW AS AN EXPAT
https://www.finder.com.au/australian-expat-home-loans

SIRIUSLY BRUTAL
https://www.dezeen.com/2017/02/24/safdie-esque-stacked-box-extension-proposed-for-sydneys-brutalist-sirius-building/

 

PROPERTY OF THE MONTH

852A ELIZABETH STREET, WATERLOO


Down an unassuming driveway in Waterloo sits this unique warehouse inspired dwelling. The property sits on 181sqm of land accommodating up to three bedrooms over two levels.

The entry floor provides master bedroom and open plan kitchen, living, dining which opens onto a small courtyard with plunge pool. Upstairs consists of two more bedroom and optional fourth bedroom or study. The property also provides parking for two cars. The price guide is $2.4M - $2.6M with a rental guide of $1,600 per week.

We love the variety of textures and features this house encompasses. From the custom copper kitchen to the freestanding solid marble bath. The exposed timber beams, concrete floors and dual sided gas fireplace.

Located 4km south of the Sydney CBD, Waterloo was originally an industrial area and is historically a working class region however since the early 2000s, the area has undergone a considerable degree of gentrification. In 2006 the median individual income in Waterloo was slightly higher than the Australian average. The suburb maintains numerous public housing apartments which has been a topic of controversy with regard to their demolition and the construction of luxury apartments.

January Wrap Up

Happy New Year and welcome to Scoutable’s January wrap up. We trust you all had a nice festive break and hope you're enjoying this hot Australian summer.

The unofficial start to the property market is Australia Day. Having said that, we have seen strong activity in January and we are expecting this trend to continue into the first quarter of 2017.

The reserve bank doesn't meet till Tuesday 7th February for its initial rate meeting for 2017 so the cash rate remains at 1.5%. In turn, interest rates are still relatively low and lenders are offering some great deals. We're seeing a lot of stock trading off market.  If you, or someone you know, are in the market for a new home or investment property, engage Scoutable. We know property and we'd love to find the perfect one for you.

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IN THE NEWS

IT'S TIME TO REVIEW STAMP DUTY
http://www.reinsw.com.au/Web/Posts/Latest_News/201701/New_premier_needs_to_review_stamp_duty.aspx

THE AGENCY COMES TO SYDNEY
https://www.domain.com.au/news/the-agency-arrives-in-sydney-with-the-aim-of-disrupting-real-estate-giants-20170130-gu1o6w/

PAY OFF YOUR INVESTMENT PROPERTY QUICKER WITH AIRBNB
http://www.news.com.au/finance/real-estate/buying/pay-off-your-investment-property-quicker-with-airbnb-says-global-index/news-story/4ffa6cc63f30e23a9b64cbfb46d50d10

 

PROPERTY OF THE MONTH

42 LITTLE RILEY STREET, SURRY HILLS

Sitting on approximately 170sqm of land, this Surry Hills corner block property is an inner city delight. Spanning over 3 levels, the architecturally designed home boasts three bedrooms, two bathrooms and one lockup garage which is an incredible value add in this part of the city.

Without compromising on privacy, louvered windows and skylights are featured throughout the house and an internal atrium running from the ground floor to the top, ensures an abundance of natural light and airflow. Contemporary finishes including bespoke timber cabinetry, slate floors, underfloor heating and a gas fire place make this space not just a beautiful build, but a beautiful home.

The ground floor consists of the lock up garage with internal access, main bathroom, laundry and an oversize bedroom offering versatility as this could easily become an office without intruding on you home.
The middle level is the heart of the home with seamless flow between living, kitchen, dining and fold-able glass doors leading to a private entertaining terrace.
The top floor houses two large bedrooms and a sky lit, resort style bathroom, all with cathedral style ceilings.
Surry Hills is a well established buzzing inner-city neighborhood with endless amounts of cafes, bars, restaurants and retail outlets. Moment to central station and an easy walk to the CBD.