Darren Palmer remains ambassador for myLJHooker.

In a coup for LJ Hooker The Block’s Darren Palmer has re-signed as ambassador for myLjhooker.com for another 12 months.

Mr Palmer who came on as the face for Australia’s leading property library last year has committed to work with the brand until the end of 2015.

“I am extremely happy to be working with LJ Hooker. I love real estate and really enjoy providing information around improving a client’s home from my personal experiences,” Mr Palmer said.

“I am so impressed with the way LJ Hooker are helping and educating their customers through myLJHooker, and it is a real honour for me to be part of this great network.”

According to Marcus Freeman, director of myLJHooker the re-signing of Darren Palmer is a real coup for the brand and is a testament to the quality of property library.

“There is a new Block TV series hitting our TV screens on Channel 9 in the coming months, and Darren will also be central to future marketing campaigns that are currently in the works”, said Marcus Freeman, Director of myLJHooker.

“A huge congratulations goes out to all the offices who have embraced Darren and the new myLJHooker…the results have been brilliant!”, he said.

Enjoy Darren’s exclusive articles every month here and don’t forget The Block: Glasshouse starts Sunday 6.30pm on Channel 9.

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Can cosmetic renovations really make money? Q&A with Cherie Barber

A portion of property investing is often related to creating equity in a property – through developments, subdivisions and even renovations.

It’s unsurprising, especially with shows such as The Block and House Rules, that renovating is a much discussed aspect of real estate for both home owners looking to improve their properties, and investors looking for bang for their buck.

Property Observer’s Tuesday Q&A is with Renovating for Profit’s Cherie Barber,  where they ask about essential renovation skills, the experts you can’t do without and whether you can really make money from a quick cosmetic fix up.

Interview here.

 

Can cosmetic renovations really make money? Q&A with Cherie Barber

NEW FINANCIAL YEAR BUT NO CHANGE TO RATES

The Reserve Bank of Australia’s decision to keep interest rates at historic lows today is unsurprising as it tries to balances the economy, according to leading real estate network LJ Hooker.

LJ Hooker’s Chief Executive Officer, Grant Harrod, said the start of a new financial year, combined with the traditionally quieter winter market, made any immediate changes unlikely.

“The continued stability of rates will give buyers extra confidence, even with speculation an increase will eventually come,’’ he said.

“We have seen property price growth soften as the market heads into winter but, even still, demand is strong as seen in the volume of sales and auction clearance rates around Australia’s various markets.’’

LJ Hooker National Research Manager Mathew Tiller said local inflation remains within its target band of two to three percent while unemployment levels remain stable at 5.8% despite concerns about the retail and mining sectors.

International economies, however, could start to have an impact here and possibly lead to even lower mortgages.

“In the US and EU, rates are set at close to zero and are not expected to move till mid-2015, while the risk of deflation in Europe has seen the European Central Bank introduce negative interest rates for bank deposits,” Mr Tiller said.

“Major lenders here may look to tap into this cheap source of debt.”

Mr Harrod said the driver behind the ongoing decision to keep interest rates stable at its historic low of 2.5% is the consistent balance of the economy in the wake of the offset in mining and resources investment.

“The ongoing lack of housing stock is continuing to keep the market buoyant and demand remains in place across all price points,” Mr Harrod said.

“Demand is particularly strong from investors looking for off-the-plan apartments in major CBD locations.”

An apartment with no bedroom listed for $2.6M

It has a walk-in wardrobe and separate kitchen, but $2.6 million doesn’t stretch far enough to get a separate bedroom in this apartment.

The 87sqm apartment on West 12th Street, in the West Village New York only has three rooms — a grand room, which has a bed in one corner and lounge area, a bathroom and a kitchen.

While there is no separate bedroom in the apartment which costs more than $30,000 a square metre, there is a substantial walk-in wardrobe.

To put it in perspective at Kurraba Rd, Neutral Bay in Sydney a three-bedroom apartment is listed for offers over $2.55 million.

Read the full article here: Daily Telegraph

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The End of Financial Year.

The end of financial year is a rare chance for property investors to try and claim back some hard earned capital from the tax man. As such, today we discuss tax depreciation…

What is tax depreciation?

As an investment property owner you’re entitled to claim depreciation on your property and its fixtures & fittings. Claiming depreciation is a significant tax benefit, and one which many investors are unaware of. Depreciation is a non-cash deduction – you do not need to spend any money to claim it.

What is property depreciation?

As a building gets older and items within it wear out, they depreciate in value. The ATO allows investors to claim a rental & investment property depreciation deduction related to the building and plant and equipment items contained within it. There are more than 1,500 items identified by the ATO as depreciable assets.

How do you claim these deductions?

In order to claim depreciation deductions, enlist a Quantity Surveyor to complete a comprehensive, personalised tax depreciation schedule. A depreciation schedule outlines the deductions available on a specific property for the life of the property and is used by your accountant when preparing a tax return.

To learn more about what depreciable items you may be able to claim, click here.

To organise a depreciation schedule from our friends at BMT Tax Depreciation Quantity Surveyors, click here.

Premier Mike Baird announces upgrades to Spit and Military Road.

The announcement by Premier Mike Baird, (a Northern Beaches local), about upgrading the infamously congested Spit and Military Road would have provided great relief for the Lower North Shore community.
For many years the peak hour commute from Manly to Sydney’s CBD has been a time consuming nightmare across Spit Bridge, through Neutral Bay and then over the Harbour Bridge. In the new budget it is understood there are plans to create a vehicle tunnel and an above-ground “rapid bus transit” to relieve the bumper to bumper traffic.

Click the image below to view the full SMH article.

Military Road - SMH

Abode Magazine – Edition 2, 2014

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Welcome to edition 2 of our Abode Magazine ~ proudly brought to you by LJ Hooker Mosman.

Within this issue of our Abode we recap on the 2013 property market, discuss selling strategies for the upcoming Winter months & showcase our current listings within the Lower North Shore. The magazine also introduces our department specialists:

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We have 5,000 copies being distributed to local homes, cafes, ferry wharves and businesses around the Lower North Shore so make sure you grab yourself a copy. Alternatively, if you would like one sent to you via post, please let our office know and we will organise this for you. We also have a digital version which you can easily read online.

LJ Hooker Mosman.

 

 

Ever wondered if it’s best to buy or sell first?

Weigh up the pros and cons of both here to ensure you choose the best option for you:

Buy First

Pros
- You will have a home already secured so you won’t stress if your old home sells too quickly
- You may be able to use the equity in your current home as a deposit for your new home
- You can spend as much time as you like shopping around for a new home for sale

Cons
- You might have to organise bridging finance between the two properties, giving you a time limit. This might also restrict the time you have to sell your old home
- If your old home sells at a less-than-desirable price, you may have to fund the difference in costs
- You might feel pressured by time and accept a lower offer when it comes to selling your own home

Sell First

Pros
- The proceeds from the sale of your home can be used to purchase your new home
- You will know exactly how much you can spend on your next purchase
- Time is on your side when selling, so you’ll have the freedom to negotiate and/or wait for a better price

Cons
- If your home sells quickly, you could be left to make a rushed purchase on a new home so you have somewhere to live
- Local property prices could rise in the time between selling and buying a new home
- You might have to spend more to rent accommodation while between homes

Winter is fast approaching. Historically, the number of properties available for sale over Winter drops but then doubles come Spring time. Tight stock levels creates competition amongst buyers, thus driving prices up. If you are considering selling, now could be a great time to capitalise on low stock levels and low interest rates.

For more information on our recent sales click here.

LJ Hooker Mosman.

LJ Hooker Suburb Market Reports

As we service and operate across the entire Lower North Shore we feel it’s prudent to keep you up-to-date with the current property market. As such, we have produced a quarterly market report for various Lower North Shore suburbs – a great way to see the movements of real estate within the local area.

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Each quarter we will bring you updated reports on both houses and apartments/townhouses within various suburbs across the Lower North Shore.  Within these reports we aim to provide you with the most current news, suburb statistics, suburb sales history, local price guides & a general market wrap.

So far our office has produced reports for the following suburbs -

  • Cremorne
  • North Mosman, Middle Harbour & Beauty Point
  • Mosman – apartments & townhouses
  • Neutral Bay – apartments & townhouses

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Click here to view our current suburb reports - If there is a particular suburb which has not appeared yet but you would like it to, please contact our office on 02 9969 1500. 

LJ Hooker Mosman.

 

 

The 20/Twenty Challenge

On Sunday 6th April twelve LJ Hooker Mosman staff members competed in the 20/twenty challengewhere teams of 4 compete in a ‘triathlon-like’ event along the harbour coastline with the goal of changing the lives of children with cerebral palsy.

The event kicks off with a 2km swim from Shelly Beach (Manly), followed by a 15km walk to Clontarf. Participants then embark on a 1.5km kayak from Clontarf to Chinamans Beach (Mosman) then run 5km along Balmoral Beach up to Georges Heights and back again. Finally, there’s a 1.5km kayak back to the finish line at Clontarf Beach.

This year’s event was fraught with heavy rain but it didn’t stop our teams from completing the course within exceptional times. Raising a total of $24,129 for this worthy cause we are extremely proud of our guys and girls and we hope to have an even bigger team compete next year!

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The event has grown substantially over the last ten years and it is now a significant and well-known charity event. This year the entire event raised over $500,000 for kids with Cerebral Palsy.  These funds will go towards purchasing much-needed mobility and communication equipment for children living with cerebral palsy.

LJ Hooker Mosman.