Are you in the million-dollar club?

Are you in the million-dollar club?

Padstow, Panania and Revesby are among more than a dozen new suburbs that have joined the ranks of Sydney’s million-dollar club. In the six months to September 2017, 14 new suburbs now have a median house price above $1million.   While entry to the million dollar club has been the norm across inner and middle-ring suburbs for some time, it’s only now that suburbs further out from the CBD are gaining entry.   The increase of suburbs to the once-exclusive million dollar club shows there is still a lot of energy in the mid-price...

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4 Steps to help you crack the property market in 2018

4 Steps to help you crack the property market in 2018

If 2017 favoured the investor, 2018 is tipped to be the year of the first home buyer.   How can you break the property market this year? We give you the tips to ensure you can get your home and have your avocado too.   Step #1: Pay down your debt Let’s get real, if you’re ridden with debt, it’s unlikely you’re going to be able to save for a home. Reducing any debt – from personal loans to credit cards – can help you in more ways than one before purchasing a home. It puts you in a better position as a borrower when you...

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Have your say on the Bankstown City Council Draft Budget 2015-2016

Have your say on the Bankstown City Council Draft Budget 2015-2016

The Padstow to Picnic Point community is being invited to have a say on the Bankstown Council’s 2015-16 Draft Operational Plan and budget. One of the highlights in the draft budget is a record $12.4 million investment in improving the local road network, this is up almost $1 million from the last budget. Other highlights of the budget include: $1.3 million for footpath improvements, including Marion Street and Chapel Road; $1.3 million towards the upgrade of Town Centres in Padstow (Gibson Avenue) and Greenacre (Waterloo Road); $1.2 million...

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NSW First Home Owners Grant Threshold Increased

NSW First Home Owners Grant Threshold Increased

First-time buyers in NSW can now purchase new properties worth up to $750,000 to qualify for the $15,000 first home owners grant. The changes came into effect on July 1 2014, raising the previous threshold of $650,000, which had been in effect since 2012. For those who live in the centre of Sydney this amount may not seem like much, with the median Sydney house price recently hitting an all-time high of $811,000.  In the Bankstown/Canterbury area however, where the median property price is $720,000, a lot more homes will now be able to...

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New developments on their way from Padstow to Picnic Point

New developments on their way from Padstow to Picnic Point

The Bankstown City Council has recently announced a number of exciting new developments for the area. In recent months, more that $160 million has been invested in local residential and commercial developments, with 622 new developments having been approved and more still on their way. One of the major new developments includes plans for five multi-level residential buildings on the Hume Highway in Bankstown, which will include 100 new residential apartments. The Bankstown Council also has its own development plans for the area. There will be...

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Are we heading towards a NSW property boom?

Are we heading towards a NSW property boom?

Those in the finance industry have long held the view that an interest rate of 7% is the unofficial ‘tipping point’ in terms of sparking market activity.  Of course today’s rates reaching as low as sub 5% have completely blown this theory out of the water.  However, we may just be experiencing a new ‘tipping point’. When looking over the residential sales figures from the last two years, during which time interest rates gradually decreased from 7% to today’s 5%, there has been something of a phenomenon.  It’s fair to say that...

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