Thursday, July 12, 2012
Denistone Seniors Units Nearing Completion
Ray White Beecroft is managing the sale of 11 beautiful Seniors Living apartments being built in Marlow Avenue Denistone, and interest for the properties has been very high. Five units are already sold. A full occupation certificate is expected next week.
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Ray White Biggest Ever Sale
The commercial department of Ray White recently announced that the ACCC has approved the sale of 30 public houses to a Woolworth's joint venture, for a price in excess of $400M. This is the biggest sale in the history of Ray White.
Rental Price Gap Closing
According to Australian Property Monitors, the difference between the rent of an apartment and an equivalent house is now only $30. Over the June quarter median weekly rents for Sydney apartments rose by 4.4%, to $470, while house rents were stagnant at $500.
People like the security of an apartment, they are usually on one level with a lift for the higher level units, whereas most houses have stairs between various living areas. Many apartments have great views, whereas few houses are high enough to see over neighbouring properties. And apartments are low maintenance. Most owners like to have their own garden, but for most house-renting tenants the garden can be more of a burden than a recreation space.
However in and around Beecroft, tenants enjoy the privacy of living in their own (rented) property, and families enjoy the garden and if available the swimming pool. But also in our area there has been a shortage of new property coming onto the market, and rents have been firm.
Ray White Beecroft manages rental apartments over a wide area, from Kellyville to Ultimo and Artarmon, so is well placed to monitor rental changes throughout the northern suburbs of Sydney.
People like the security of an apartment, they are usually on one level with a lift for the higher level units, whereas most houses have stairs between various living areas. Many apartments have great views, whereas few houses are high enough to see over neighbouring properties. And apartments are low maintenance. Most owners like to have their own garden, but for most house-renting tenants the garden can be more of a burden than a recreation space.
However in and around Beecroft, tenants enjoy the privacy of living in their own (rented) property, and families enjoy the garden and if available the swimming pool. But also in our area there has been a shortage of new property coming onto the market, and rents have been firm.
Ray White Beecroft manages rental apartments over a wide area, from Kellyville to Ultimo and Artarmon, so is well placed to monitor rental changes throughout the northern suburbs of Sydney.
Tuesday, July 3, 2012
House Prices Down but Steady
According to the REI, Sydney's house prices, which slumped in the 12 months to March this year, have stabilised and are expected to start rising again soon.
A report in the SMH today says that, due to the Euro crisis, European banks have cut their lending to Australian businesses by $20B, down from $60B since 2009, compared to growth of 20% pa before then. However it seems that Asian banks are taking up much of the slack from this drop.
A report in the SMH today says that, due to the Euro crisis, European banks have cut their lending to Australian businesses by $20B, down from $60B since 2009, compared to growth of 20% pa before then. However it seems that Asian banks are taking up much of the slack from this drop.
Friday, June 22, 2012
Murray Farm Road Bridge Closure
The Murray Farm Road Bridge over the M2 will be closed from 2pm Saturday 30 June to 5am Monday 2 July.
Monday, April 23, 2012
New Jewellers Shop in the Arcade
We are pleased to welcome new tenants to Shop 26, The Arcade. The window shows some really classy jewellery, hand bags, etc, and all the ladies on our staff are eagerly awaiting the opening! Ray White Beecroft sold the shop to the new owners and found these new tenants, and wish them all the very best of success.
Saturday, April 14, 2012
Wednesday, April 11, 2012
Property Management Staff Changes
Victoria Kohlhagen has left to have a baby. Natasha Guyatt has joined, after spending 4 years managing a large rent roll elsewhere in Sydney.
Property Management is Back on Line
After working through the Easter weekend, our expert at Maxcom Technology managed fully to recover Nicole's computer from the SMART Hard Disk Drive virus she picked up on 4 April (see the last blog). Not only that, but all the emails sent to her since 4 April have been backed up on our server and are now available to her. There are 100 emails, which she now has to handle, please give her a bit of slack!
For information, I talked with our main IT group, they say that the SMART virus is rampant, there is currently no anti-virus software that can protect you from it if you happen to access an infected web site. They say that in half the cases they have handled they have had to reformat the disk with loss of anything that wasn't backed up! So beware, internet shoppers!
For information, I talked with our main IT group, they say that the SMART virus is rampant, there is currently no anti-virus software that can protect you from it if you happen to access an infected web site. They say that in half the cases they have handled they have had to reformat the disk with loss of anything that wasn't backed up! So beware, internet shoppers!
Thursday, April 5, 2012
The Hidden Cost of Internet Shopping
Our property officer Nicole must, as part of her duties, spend a lot of time on the internet searching for new or alternative products or services. Recently her computer was infected by the SMART Hard Disk Drive virus, and our IT specialist has spent several days trying to recover the computer and the information on it.
This virus has been around for several years, and apparently the most common method of being infected is by browsing infected internet sites. Clicking on links offering to ‘speed up your disk drive’ or similar links immediately loads the virus, but apparently in some cases these viruses are downloaded simply by visiting the perfectly normal and innocent but infected web site. And this virus totally shuts down your computer and won't let you even start using it.
Perhaps Myers and David Jones should stress this hidden cost of internet shopping!
Meanwhile Nicole will probably not be able to access any of her emails before the weekend. Our apologies if you were waiting for a response. Please phone the office, 9479 8444, or email me, peter.hewitt@raywhite.com, if it’s urgent.
Also note the office will be closed over the Easter break, call me (0417 215 774) if you need assistance over this period. Happy Easter to you all.
This virus has been around for several years, and apparently the most common method of being infected is by browsing infected internet sites. Clicking on links offering to ‘speed up your disk drive’ or similar links immediately loads the virus, but apparently in some cases these viruses are downloaded simply by visiting the perfectly normal and innocent but infected web site. And this virus totally shuts down your computer and won't let you even start using it.
Perhaps Myers and David Jones should stress this hidden cost of internet shopping!
Meanwhile Nicole will probably not be able to access any of her emails before the weekend. Our apologies if you were waiting for a response. Please phone the office, 9479 8444, or email me, peter.hewitt@raywhite.com, if it’s urgent.
Also note the office will be closed over the Easter break, call me (0417 215 774) if you need assistance over this period. Happy Easter to you all.
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