COASTAL - JANUARY 2019

Coastal OurSwnaenwsehaomPleazisaat
JANUARY 2019 204 Pacific Hwy
in ecaoslyespacrakrinpgark

BLACKSMITHS 121 Ungala Rd SOLD!

HAPPY NEW YEAR!

Due to problems with distribution in 2018 we have a lot to catch you up on in this Issue!

Isn’t it amazing what you can see They happened to see the “For Sale” picture Locals buying Local!
on your morning walk? sign board on their morning walk, which told
them of the setup behind the facade and got So we have purchasers from Blacksmiths buying
The stunning home provided almost unlimited them thinking! around the corner in Blacksmiths and our lovely
potential to buyers, having separate accommo- Vendors are looking to stay local too. Although
dation as well as the main residence. Because It’s a big decision to move homes, even if it is we deal with a lot of Sydney buyers we also work
of its location there has been no shortage of ea- just around the corner. For these empty nesters, with a lot of locals. An important part of our Mar-
ger holiday makers stay. they had the emotional attachment of their now keting campaign is the local aspect.
independent children to consider. Fortunately a
Perfectly positioned across the road from park- bit of a tour through the new home settled their We always cater for
land and Blacksmiths surf club, the property has concerns. the morning walk!
been the happy home of our lovely Vendors for
several years. It’s hard to imagine that this home could be It was a tough decision for our Vendors to sell,
improved on but our very creative purchasers in- but the opportunity to stay local and downsize
The home has been snapped up by some locals tend to bring a little of the current home to this was the right one for them ... and our new owners
who have a similar arrangement at their current property ... so keep watching this space because are thrilled with their decision too!
home, but the main residence is a little too big if their current home is anything to go by we will
for their empty-nester needs. be in awe of the end product. Happy Vendor, Happy Life!

4972 1066 NOW OPEN AT

Shop 5, Swansea Plaza

Easy parking in Coles Car Park!

While every effort is made regarding the accuracy of the information in this newsletter, we make no guarantee. Readers are advised to make their own enquiries.

Crazy Christmas Market

CAVES BEACH 67 Macquarie Gr SOLD! It's obvious that the Sales Market has slowed. Banks have
tightened Lending Criteria, as if in retaliation against
The quintessential beach home! Just a Our buyers are from an outer suburb the Parliamentary inquiry into their actions.
few minutes walk from the patrolled end of Sydney. They have downsized from
of Caves Beach and beautifully renovat- an acreage and were looking for a sea The only exception to that was the
ed to catch the seabreeze and take in the change. These buyers waited until their Christmas / New Year Break.
ocean views ... acreage was sold before they started
looking to buy, which is becoming very In our experience, as professional Agents,
This home created a massive stir when it common in this market. the best time to take advantage of sales
hit the market - and we were so proud to enquiry from Out of Towners, because
be chosen to represent it for the Vendor! Market conditions have changed. Buy- they're here to celebrate Christmas with Family.
Marketing this home was a dream! ers are wary and lending institutions
have tightened up. It no longer matters A lot of enquiry comes from out of towners, new to the area
Every Vendor has their own require- how long you’ve been with an institu- but interest from visitors with family already living here
ments and their own needs. It’s import- tion, each property purchase is scruti- often turns into a Sale ... especially if it's close family ...
ant for an Agent to remember that if they nized. Infact turn around times for loans
are lucky enough to be chosen to repre- have increased so each application can the family you would make the effort to visit at Christmas Time
sent a Vendor. be thoroughly checked before approv-
al, meaning “Exchange” times have We were inundated with enquiry and appointments to show properties,
Any promises we make increased dramatically. Now it’s not un- which was exciting after an extended period with dwindling
common for “Exchange” to take weeks, interest from qualified buyers with finance in place.
when we're listing a home up from the “5 working days” Vendors
could previously expect. As a result we are beginning the year with
are promises that we keep. buyers chasing formal finance on properties
It’s lovely when both the Vendor and the we showed between Christmas & New Year.
This owner has requested that the sale Buyer feel like they’ve won lotto! Con-
price not be disclosed by us. gratulations to both parties! Here's hoping that 2019 sees a return to the strong
market we are used to seeing here. If Christmas is

any example things are looking up!

BLACKSMITHS 43 Mankilli St SOLD! SWANSEA 18 Park Street SOLD!

This lovely home has found a new owner! The home had to pass all the normal tests A local man who wanted some room so the legal side of the purchase
from family, which it did some time ago, for his toys has finally secured his took some time. Fortunately he did
The new owners are looking to retire here, but the change in Market conditions saw dream home! His children have all enough to secure the home early on,
so the location is perfect! Just around the “Exchange” drag out to several weeks. picked out their rooms and he is look- because the Christmas break could
corner from a great little shopping centre The new owners have moved in now and ing forward to moving in! have seen the end of his dream! He's
and a level walk into Swansea shopping are loving their new home! busy planning renovations now!
...of course,The Channel is just at the end Although he acted quickly the banks
of the street too! Congratulations to both parties! have made lending much tougher Congratulations to all the parties!

4972 1066 SWANSEA PLAZA,
Shop 5, 204 Pacific Hwy

Easy parking in Coles car park!

Out Of Town Sales

We don't often mention our Out of just so you can see some current prices
Towns Sales here, mainly because it is of in other suburbs and compare them to
little interest to owners in this area, but similar properties here. These properties
we've made an exception this month, have sold in the last 2 months.

VALENTINE 7 Turret Close
3 21

SOLD! Beautifully appointed Torrens Title semi CAVES BEACH 128 Caves Beach Rd SOLD!
detached. Located in a quiet cul-de-sac, close

to main street transport in new Valentine.

$500,000

NEW LAMBTON 13 Grinsell St SOLD! Have you ever wanted to live opposite break proved to be a bonus with the new
3 11 the ocean? Well, you're not alone! This owners doing everything they had to do
home had an interested party before it before the annual influx of cashed up
Located close to Westfield Kotara and The even hit the market, but unfortunately Sydney people came for their holiday by
Homemaker Centre, this home has had a they weren't quick enough to secure the the beach.
chic, modern renovation suited to easy living. home before the new owners found it.
Very wise indeed!
$635,000 This home has it all! As the only local Agency
Virtually self contained open through the break
SOLD! WARNERS BAY 35 Virginia St on each level, huge garaging we were inundated with
4 22 appointments & inquiry!
as well as a rear
Spacious and gracious! This gorgeous home detached accommodation! Fortunately this home was sold before
features lovely outdoor entertaining spaces the solicitors went on their extended
Our buyers are from an outer suburb break.
and backed onto a leafy reserve. of Sydney. They have downsized from
an acreage and were looking for a sea Our lovely Vendors are looking to move
$860,000 change. These buyers waited until their a little further north, although it was very
acreage was sold before they started difficult for them to part with their lovely
KOTARA 7 Stuart St looking to buy, which is becoming very home. We wish them well.
3 21 common in this market.
SOLD!
A harmonious blend of character features, Once again, the looming Christmas To the new owners, welcome to 2281!
current conveniences and family-sized

accommodation to this modernised home.

$635,000

CAVES BEACH 11 Brigantine Cl SOLD! SWANSEA 310 Old Pacific Hwy SOLD!

This picture perfect home sold really This home went from on the Market This home has so much to offer we were for exactly this home for quite a while.
quickly to a savvy buyer that had been to Sold in about 10 days, which was surprised it took a few weeks to sell. After looking at so many homes with
looking for just a little while. great for everyone involved. so many Agents they were so glad to
Our Vendor purchased just over a year have found ‘the one’.
The Christmas break was a great mo- The new owner will be moving in ago. An unfortunate turn of events
tivator for buyers who wanted to lock as soon as possible. Exciting times saw the home return to the market. The home sold for a little more than it
in their dream home before solicitors ahead! Welcome to 2281! You're did a year ago too, another sign that
left for the year. going to love it! A Newcastle couple had been looking the market is reasonably stable here.

4972 1066 SWANSEA PLAZA,
Shop 5, 204 Pacific Hwy

Easy parking in Coles car park!

Management Matters

If you have more than one investment property, consolidating your portfolio with one Property Manager will save you time and money! Call 4971 5071 to discuss!

February 2019 sees new Rental Reforms come into effect. MINIMUM STANDARDS REFORM RECTIFICATION ORDERS
The reforms cover a wide range of tenant issues and will
affect many landlords, the most obvious is the "Minimum From February every rented property will need to meet 7 NSW Fair Trading will have new powers to resolve disputes
Minimum standards at the start of a tenancy. They are: between tenants and landlords over repairs and mainte-

Standards" reform. There have been changes introduced to 1. Structurally sound property nance and property damage caused by tenants. This will
protect sufferers of domestic violence. Others will assist ten- 2. Adequate natural or artificial lighting in each room, include the ability to issue rectification orders.
ants to make their rental more 'homely'. We have outlined
some of the more significant changes here. except storage rooms or garages OTHER CHANGES INCLUDE
3. Adequate ventilation • a new definition for separately metered premises to
RENT INCREASES 4. Supplied with electricity or gas and have adequate
The reforms will help reduce tenants’ fear of retaliatory reduce disputes between tenants and landlords about
rent increases by limiting them to once every 12 months electricity or gas outlets for lighting, heating and ap- who pays for electricity, gas or water usage charges
for periodic leases. pliances • clarifying the rules around taking photos and videos
5. Adequate plumbing and drainage during inspections and publishing them to advertise
PROTECTION FOR DOMESTIC VIOLENCE VICTIMS 6. Connected to a water supply service or infrastructure the property for sale or re-lease, especially where the
Tenants who are victims of domestic violence needing to for the supply of hot and cold water for drinking, wash- tenant's possessions are visible
escape a violent partner will be able to terminate their ten- ing and cleaning • a mandatory set of Break Lease fees for fixed term leas-
ancy immediately and without penalty. The victim of abuse 7. Contains bathroom facilities, including toilet and es that are 3 years of less
will not be held accountable for damage to the property. washing facilities, which allows user privacy.
For more information or to discuss how the changes will af-
These criteria will need to be judged at the beginning of fect you, please feel free to contact us on 4972 1066
every tenancy.

TYhanoku! OUR BCraenacsetr MORNING RAISED $1,068
TEA

Our team set themselves a target of raising $500 to show support Due to the fantastic prizes donated by local businesses, an out-
for a staff member who was recently diagnosed and undergoing standing response from the community and the hard work of our

treatment. For us it was very personal and we extend our heart- dedicated team they exceeded their own expectations by more
felt thanks to all those who donated prizes for the Raffle, cooked than double! It was an awesome effort and a lot of fun! Our staff
cakes and volunteered their time. member has finished aggressive treatment now and is doing well!

thaOnkus rto. .
Samantha Nielsen

Kindly donated her hair for a wig!

Caves Beach Resort
Major Prize Donation

Lakeside Carpet Cleaning
Swansea RSL

Swansea Discount Chemist
Blacksmiths Family Meats

Swansea Tyre & Battery
Swansea Seafoods
Daisy Grace
Dinki Di Fashions
Blondies

4972 1066 SWANSEA PLAZA,
Shop 5, 204 Pacific Hwy

Easy parking in Coles car park!