Category: Property

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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NEW UNIVERSITY CAMPUS PLANNED FOR NORTHERN BEACHES

Natalie Di Paola The Northern Beaches Council has announced that it would like to open up a university campus within the community, inviting existing universities to establish a campus in a council-owned building. “Council will be inviting expressions of interest from the higher education industry to set up a satellite campus on the Northern Beaches,” says Northern Beaches Mayor Michael Regan. Regan believes that establishing a university campus in the area would provide significant economic and social benefits. The idea has been in the works for years, starting before the Northern Beaches became one council. The Frenchs Forest ‘Planned...

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SUPER SATURDAY AUCTIONS: WHAT YOU NEED TO KNOW

Natalie Di Paola Every year before Easter the property market is usually bursting with action however, reports show that the number of Pre-Easter Super Saturday auctions this year are lower than previous years. According to Domain, Saturday February 17 saw an estimated 510 properties at auction, with a clearance rate of 67.5 per cent, while Saturday February 24 saw a higher number of 964 auctions with a clearance rate of 70 per cent. Saturday March 3 saw a decrease, with 801 auctions with a clearance rate of 65.3 per cent. One reason for this decrease in numbers is the...

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The Basics of Buying Your First House

Natalie Di Paola Buying your first house can be quite intimidating, with many not knowing where to start or what might be involved in the process. The first and most important step is to be prepared financially. Your budget will help you decide what you can and cannot afford. Also, having a deposit saved will not only help your credit worthiness, but also speed along the buying process. David Woods from LJ Hooker, Roseville used to be a broker and says that the first thing he would look at was whether the buyer had a deposit or not. “If...

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Renting vs Buying

Brooke Fryer What are the options for young people in a property market that is becoming increasingly more expensive? For many young Australians looking to move out, there is possibly nothing more perplexing than deciding whether to rent or buy. According to the Australian Bureau of Statistics, property prices in Sydney and Melbourne have risen 10 per cent in the past 12 months, leaving many with no choice but to rent. But as property prices rise, so do rental prices. So what are the options for young people looking to rent? The average property price in Sydney’s North Shore...

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