Category: Property

The Drop in Housing Market Prices

Isabella Ross Now is officially the time for renters to get into the market and search for a good deal. With rental prices at an all-time low, the property market in metropolitan Sydney has dropped by almost 10 percent in the past year. Evidently one of the biggest slides in weekly rent prices has been situated within the lower north shore. The Domain Rental Report released in late 2018 revealed median weekly rent in the area was down $100 to $1000. “Those Sydney regions that were overexposed to investors will be more prone to rental price decreases. That’s already...

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Ku-ring-gai: One of Australia’s happiest, safest, wealthiest and most-educated areas

Isabella Ross Bond University’s ‘Happiness Index’ gave Ku-ring-gai some of the best ratings for safe and happy living in Australia. The project is a large-scale data matching initiative which uses more than 17,000 data points to investigate the geography of advantage and disadvantage across Australia. The ‘Happiness Index’ analyses data including Census findings on nine key lifestyle factors including housing affordability, education, community, jobs, wealth, accessibility, work-life balance, health and safety. The project’s intent is to establish what areas in Australia are doing well on lifestyle aspects, whether through their volunteering rates, educational achievements or low crime rates.  The...

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Eco-Investment: How your next investment could save your bill and the planet

Aaron Christensen If you have been becoming a tad more eco-conscious as of late or you just want to save on your power bill, you may have considered solar panels. Over 1.9 million Australians own a solar hot water system and/or photovoltaic solar electricity panels, with solar energy this year becoming the greatest net addition to worldwide electricity generation. For a long time, solar power was too inefficient and expensive to be an appropriate investment for many people. However, the costs of panels (which convert sunlight to DC current) and inverters (which converts the current from DC to AC,...

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Link Between Census Data and Ku-ring-gai Real Estate

Isabella Ross There is no doubt that the basis of real estate within the Ku-ring-gai area has transformed in recent years with an increase in housing and market demand. The question is now whether newfound Census findings will affect the availability and profitability of property within the local community. According to new Census data released by the Australian Bureau of Statistics (ABS), Ku-ring-gai residents in Sydney’s upper north shore are the most socioeconomically advantaged in Australia. The data saw Ku-ring-gai followed by Mosman and Woollahra labelled the most advantaged areas, with the top 10 all recorded to be either...

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LOCAL COUNCILS STAND AGAINST HOUSING CODE

Natalie Di Paola Ryde City Council and Andrew Zbik of Lane Cove Council are standing against the new Medium Density Housing Code introduced by the Minister for Planning, the Hon. Anthony Roberts. The new code, which comes into effect 6 July 2018, would mean that developers would easily be able to build multi-dwelling houses, such as terraces and town houses, in areas that are zoned for low density homes, which are free standing homes. It would mean that a developer does not need to seek Council approval and that elected Councillors would not be able to consult with local...

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