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How many houses should you own?
How many houses should you own?
THE aim of the game Monopoly is to collect as many houses as you can, the more expensive the better, if you want to win. This game is being played out in real life by hundreds of thousands of Australians who are collecting properties in an effort to build wealth or prestige. From holiday homes in exotic locations to a rental property or four, investors see real estate as a ticket to riches while other Australians struggle to scrape together a deposit for their first home. So how many houses do you really need to own to be financially comfortable later in life? Much depends on the value of the ...
A record year for Barry Plant in a slowing Victorian property market.
A record year for Barry Plant in a slowing Victorian property market.
While the 2016–17 financial year saw the total value of property sold across the Victorian real estate market dip by 1.4%, the Barry Plant Group enjoyed another record year with a growth of 7.5% in the value of properties sold. The total number of properties sold across the Victorian market as a whole dropped by a significant 5.3% last financial year, but the numbers held steady for the Barry Plant Group, who also reported a promising start to the new fiscal year. July and August number of sales for the network were up by nearly 11%, and the value of sales jumped nearly 20% above the previous ...
October is “Wishtober” at Barry Plant.
October is “Wishtober” at Barry Plant.
Offices across the entire 80-office Barry Plant network are gearing up for the most important month of the year – Wishtober.  The month when money from every property sold by Barry Plant agents, is donated to Make-A-Wish Australia – a wonderful organisation that works to make the cherished wishes come true for children and teenagers who are suffering life-threatening illnesses. Over the last three years, Barry Plant has raised over $350,000 for Make-A-Wish and they are hopeful of raising $100,000 this year to add to their tally. You can make a difference too, visit www.makeawish.org.au to fund...
How to get ahead on your deposit.
How to get ahead on your deposit.
  With the number of first home buyers in the mortgage market continuing to languish near record lows and property prices peaking 1, it’s clear first home buyers need a savvy savings strategy to round up a deposit. But getting ahead is often easier said than done. Life has to be lived and bills need to be paid, while hikes in basics, such as electricity and private health cover, make saving pennies harder. So how do you squirrel away enough to stake your claim in the property market? There’s no magic wand but there are some steps you can take to make your first home dream a reality soone...
5 tips for spring selling
5 tips for spring selling
As the cold winter weather makes way for sunnier days, spring is a favourite time to take your property to market. But how do you make it stand out from the crowd? It may just be the sense of possibility that comes with the changing of the season, or excitement in the lead up to Christmas, but there’s something so appealing about selling a property in spring. A favourite time for vendors to sell, you’re likely to be faced with stiff competition. Here are five top tips for the spring selling season. 1. First impressions Whether it’s a lick of paint on your front door or some statement pots eith...
‘Hard to envisage’ property crash: Nikko AM
‘Hard to envisage’ property crash: Nikko AM
The likelihood of a “huge” decline in the Australian housing market is relatively small, but concerned investors should be watching unemployment and interest rates, Nikko AM has said. In an August insight, the asset management company said that house prices and housing demand will “remain robust” in the short to medium term, but added that changes to interest rates and unemployment were potential pressure points. “As long as both unemployment and interest rates remain low, it’s hard to envisage huge declines in the Australian market,” said Chris Rands, portfolio manager fixed income at Nikko A...
Landlords exposed
A staggering 40 per cent of property investors have the wrong insurance. There are more than two million property investors in Australia, owning around 27 per cent of all housing stock in the country and providing homes for almost 31 per cent of the population who are renters. Yet an alarming number of landlords don’t have the right insurance. Figures from the Landlords’ Advisory Service reveal that 40 per cent of landlords do not have specialised landlord insurance. Consequently, many landlords are leaving themselves at risk financially. While many landlords have insurance for their investmen...
How banks’ tougher new lending rules are squeezing borrowers
How banks’ tougher new lending rules are squeezing borrowers
TOUGHER new lending restrictions have prompted warnings for borrowers to be extra careful when applying for a new mortgage or refinancing. A crackdown on riskier loans by the banking regulator, the Australian Prudential and Regulation Authority, has resulted in lenders demanding more information about household spending, basing repayment calculations on much higher interest rate assumptions, and being picky when assessing people’s ability to repay — known as loan serviceability. Yellow Brick Road executive chairman Mark Bouris said a year ago banks were basing their loan serviceability calcula...
RBA announces official cash rate call
RBA announces official cash rate call
The RBA met industry expectations today, announcing its decision to hold the official interest rate at the record low of 1.5 per cent for August. This marks a full year since the cash rate last moved. Most industry commentators, including all 35 respondents on the finder.com.au panel, had correctly predicted a “hold” verdict. RateCity.com.au money editor Sally Tindall said that the economy is still not strong enough to justify a rate hike and not weak enough to warrant a cut in official interest rates. “The latest economic figures show our economy is in neutral,” she said. &#...
Property investors can prevent pension time bomb
Property investors can prevent pension time bomb
Property investors can prevent pension time bomb   The aged pension is an unsustainable financial time bomb that may bankrupt the country in the years ahead, according to research by Propertyology. The research found that the aged pension cost the Australian people $45 billion last financial year and is growing by an alarming $36 per million every month. Propertyology managing director Simon Pressley said 80 per cent of Australians spend 45 years working only to wind up relying on the pension to survive in retirement. “The aged pension is a massive time bomb waiting to explode if we don’t...
2016 census state-by-state breakdown of rents and mortgages
2016 census state-by-state breakdown of rents and mortgages
How much does each state and territory pay in rent payments and mortgage repayments? We look at the latest snapshot from the 2016 census and find out. Weekly rental rates mostly increased across the nation, while mortgages mostly decreased, as we found in what the census revealed about Australia’s overall property market. Every state and territory saw an increase in households paying less than 30 per cent of total income towards median monthly mortgage repayments and a decrease in households who pay 30 per cent or greater. Here’s our breakdown, state-by-state: NSW The weekly median rent ...
How Stamp Duty Varies
How Stamp Duty Varies
  STAMP duty is one of the major hurdles for would-be homebuyers around Australia, so it is important to understand what you are in for before applying for a mortgage. Stamp duty is a tax that must be paid upfront when buying a property, which means that not only must a borrower save a deposit — which is hard work in a low interest rate environment — but also more than $20,000 extra in most cases. The latest CoreLogic figures show that the average of the median house prices in all Australian capital cities is roughly $570,000. A 20 per cent deposit on a house of that price is $114,000, bu...
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Anthony Johnson Sales Manager Rowville
38 Lakesfield Drive Lysterfield
Latest listings (sale)
4 2 2 2
38 Lakesfield Drive
Lysterfield
For SALE
$830,000-$910,000  
6 Winalla Avenue Rowville
Latest listings (sale)
3 2 2
6 Winalla Avenue
Rowville
For SALE
$650,000-$715,000  
8 Nigel Court Scoresby
Latest listings (sale)
4 3 1 3
8 Nigel Court
Scoresby
SALE BY SET DATE®
$860,000-$930,000  
3/35 Dobson Street Ferntree Gully
Latest listings (sale)
3 1 2 1
3/35 Dobson Street
Ferntree Gully
For SALE
Contact Agent  
21 Carrara Road Rowville
Latest listings (sale)
3 1 2 1
21 Carrara Road
Rowville
For SALE
$630,000-$690,000  
2D Appledale Way Wantirna South
Latest listings (sale)
4 2 2 3
2D Appledale Way
Wantirna South
SALE BY SET DATE®
Contact Agent  
108 Karoo Road Rowville
Latest listings (sale)
5 3 2 3
108 Karoo Road
Rowville
SALE BY SET DATE®
$900,000-$990,000  
21 Banyalla Place Rowville
Latest listings (sale)
3 2 2
21 Banyalla Place
Rowville
SALE BY SET DATE®
$870,000 - $930,000  
4 Drummond Crescent Rowville
Latest listings (sale)
5 3 3 3
4 Drummond Crescent
Rowville
SALE BY SET DATE®
Contact Agent  
13 Naismith Court Rowville
Latest listings (sale)
3 2 3 1 2
13 Naismith Court
Rowville
SALE BY SET DATE®
$860,000-$945,000  
News update
How many houses should you own?
THE aim of the game Monopoly is to collect as many houses as you can, the more expensive the better,...
1/18 Forster Street Noble Park
Latest listings (rent)
2 1 1 1
1/18 Forster Street
Noble Park
LEASE (Available )
$280 per week  
39 Heany Park Road Rowville
Latest listings (rent)
4 2 2 1 2
39 Heany Park Road
Rowville
LEASE (Available )
 
4/17 Leonard Avenue Noble Park
Latest listings (rent)
2 1 1 2
4/17 Leonard Avenue
Noble Park
LEASE (Available )
$335 per week  
1/13 The Ridge Glen Waverley
Latest listings (rent)
3 2 2 2
1/13 The Ridge
Glen Waverley
LEASE (Available )
$495 per week  
4 Oakbank Court Wheelers Hill
Latest listings (rent)
3 1 3 1
4 Oakbank Court
Wheelers Hill
LEASE (Available )
$450 per week  
81 Rosemary Crescent Frankston North
Latest listings (rent)
3 1
81 Rosemary Crescent
Frankston North
LEASE (Available )
$300 per week  
15/55-57 Chandler Road Boronia
Latest listings (rent)
2 1 1 1
15/55-57 Chandler Road
Boronia
LEASE (Available )
$350 per week  
203/30 The Esplanade St Kilda
Latest listings (rent)
2 2 1
203/30 The Esplanade
St Kilda
LEASE (Available )
$720 per week  
2/3 Stamford Crescent Rowville
Latest listings (rent)
3 2 2 3
2/3 Stamford Crescent
Rowville
LEASE (Available )
 
3 Amazon Court Rowville
Latest listings (rent)
3 2 2
3 Amazon Court
Rowville
LEASE (Available )
$445 per week  
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