Sydney Second Most Expensive in the World for Property!

Who would have thought from a small bustling country in the 80's to a global population increase that has forced Sydney to become one of the most unaffordable cities in the world.

Not only population increases in the world but the world looking for a beautiful place away from violence and corruption, truly one of the last frontiers and now the price shows!

The government is also to blame allowing negative gearing to in effect assist in owners tax subsidising property and in turn pushing actual 'buyers' of property out of the market.

Sky News has a small snippet here

 

Sky News Report - Sydney 2nd most unaffordable

Surprise rent jump - Sydney. Units almost as expensive as houses

Possibly a shift in how Australians will live going forward due to demands and pressure form our larger growing population has cause some rents in Sydney apartments to be as much as a house as reported by Domain.com.au

Or is it that landlords knowing rate increases will be coming and some over mortgaged expect renters to pick up the slack????

Inner City Sydney Suburbs Rents Fall

The swing to the larger out cities such as Parramatta and Liverpool is slowly have an effect on the inner city suburbs. No increases were recorded in the out suburbs as it is believed that the mining boom that has ceased is now seeing a lot of retuning families that want the family home and space. 

Cheaper rent was matched by a rise in vacant inner city homes, which encouraged landlords to advertise their properties at cheaper rates or risk having them vacant for longer periods.

The vacancy rate went from 1.7 per cent of rentals in April to the current 2.6 per cent, Real Estate Institute of NSW data shows.

2-MONTH FALLS IN AVERAGE WEEKLY ADVERTISED RENTS

Courtesy Daily Telegraph

  • Manly houses $125
  • Bondi Junction houses $75
  • Killara houses $70
  • Milsons Point units $53
  • Avalon Beach houses $50
  • Neutral Bay houses $50
  • Little Bay houses $43
  • Peakhurst units $27
  • Surry Hills houses $25

Rents fall in Melbourne as over supply hits market

Apartment rents have dropped in a handful of Melbourne suburbs, with noticeable declines recorded in several inner-city enclaves where developments are continuing to spring up, analysis of official data from the Department of Health & Human Services shows.

The Rental Report for the March quarter, which is based on the number of active bonds held by tenants in Victoria, said the size of the rental market had increased by 3.3 per cent on the same quarter in 2014.

But while the rental market grew, the data showed median rents dipped year on year in a collection of suburbs, noticeably for one-, two- and three-bedroom units.

Read More Here

Sydney and Australia could learn from Berlin

AN entire city is about to benefit from a new law banning landlords from increasing rents.

Berlin will become the first city in Germany to lock in rents from Monday.

The fine print on the new legislation approved by parliament in the German capital stipulates new tenants will pay no more than 10 per cent above the local rental average.

Reiner Wild, managing director of the Berlin Tenants’ Association, told the Guardian Berlin couldn’t risk becoming another “London or Paris”.

“The reality in Paris or London is that people with low income have to live in the further-out districts of the city.”

Rent in Berlin has skyrocketed in recent years. Average rents in the Berlin rose from just over €5.50 ($A7.85) a square metre in 2005 to almost €9 ($A12.85) last year, the Guardian reported. Rent went up by more than 9 per cent between 2013 and 2014 alone. Since 2007 prices have risen by 32 per cent.

Der Spiegel published an article in 2012 chronicling the “intoxicated real estate market”.

The article read: “In this odd environment, two types of people are coming into conflict: On the one hand, there are the foreigners, or new Berliners, who are looking for something to buy. On the other, there are the locals, the old Berliners, who wonder how much longer they’ll be able to stay.”

Berlin is not the only city in the world considering new laws to cap rent rises.

In San Francisco, politicians are considering whether to ban luxury high rise apartments.

A moratorium on luxury housing was introduced in the cosmopolitan city by the bay last month to prevent developers getting their hands on dilapidated street corners.

There, in what was once considered the Mission District, new developments are expected to charge as much as $3500 a week for a unit.

In Sydney, tenants are paying more than ever to keep a roof over their heads. The idea of rent control for Australia’s most expensive city was floated earlier this year by Newtown state Greens MP Jenny Leong.

Ms Leong proposed a maximum of one increase in rent per year, a cap on rent rises at the rate of inflation and more rights for renters facing evictions.

“I think it’s pretty clear to everyone that Sydney is becoming one of the most expensive places to live in,” Ms Leong told news.com.au.

“We need to look at ways to fix this that reflect community needs, not necessarily what’s going to protect profits or interests.”

But not everybody supports the idea of rent control.

Opposite figures from our last news update

 

Tenants rejoice: Rents growing at slowest pace since 1995

ABC reports:

You would not know it from the headlines yesterday, but now is the best time to be a tenant since Wonderwall by Oasis topped the JJJ Hottest 100 two decades ago.

While the news leads screamed, 'Biggest jump in Sydney rents in five years' and 'Rents rise in most Australian cities as investors flood into the housing market', the true picture is very different.

The monthly CoreLogic RP Data rental report to June 30, released today, paints a more realistic picture of the rental market.

That picture is increasingly rosy if you are a tenant, and should be concerning if you are a landlord, especially one who has purchased recently by taking out a large loan.

Read more here

Easy garden when renting? Pallet Gardens

What an easy way to create a removable garden or a garden wall feature in any property. 

 

Recycling at its best, millions of old pallets are given away each year, line it with garden plastic and away you go. Vegetable garden or a wall garden in a small courtyard. 

Doesn't look bad at all


Eight rules of cohabiting with a partner

1. Work out your pressure points

Once the novelty of living together has worn off (and it will) there are going to be things about your partner that drive you crazy. If your boyfriend leaving the toilet seat up turns you purple with rage you're going to have to talk to him about it and he's going to have to remember to put it down. Because one day you will probably rip the seat off and throw it at him. Similarly, if he can't stand the way you leave teabags in the sink you're going to have to work on that. Be as mindful and considerate as you, a flawed human being, can be, and remember to give each other some leeway too.

2. Figure out your finances

Are you going to have a kitty, take turns getting the groceries, have a joint bank account, or a spreadsheet that details every dollar spent? Work out a finance situation that is fair, effective and manageable. This avoids resentment and awkwardness, both of which are total mood killers.

3. Get the cleaning roster sorted

Depressing research shows that women still do more housework than men, and frankly that's not good enough. Divvy up the chores evenly, and choose the one most hated chore that you each refuse to do. Or get a cleaner. And none of this "make it fun" business. Housework isn't fun, it's called "chores" for a reason. 

5. Make it official

As in, put both of your names on the lease and all the bills. Common sense isn't the death of romance.

6. Make sure you each have a room/nook/shelf of your own

This isn't just about divvying up the storage space evenly, but acknowledging that at times you're going to want to do your own thing – whether that's reading a book in the sunny corner of the living room or building model trains in the basement. Doing things just for you is key to a happy relationship, and no matter how weird or embarrassing you think the other's hobby is, allow it.

7. Be willing to compromise

Maybe this is the biggest thing about living with somebody else, whoever they are. You've got to be willing to not get your own way all the time, and to forgive other people their oddities and bad habits. We are, after all, only human.

8. Don't cheat

By this I mean watching episodes of the TV show you're binge-watching together when they're not home. This is unforgivable. 

 Full story here at domain.com.au

Save money when renting by swapping those light bulbs….and the environment

An average household dedicates about 5% of its energy budget to lighting. Switching to energy-efficient lighting is one of the fastest ways to cut your energy bills. Timers and motion sensors save you even more money by reducing the amount of time lights are on but not being used.

INDOOR LIGHTING

You have many choices in energy-efficient lighting. The most popular light bulbs available are halogen incandescents, compact fluorescent lamps (CFLs), and light-emitting diodes (LEDs). Although they can initially cost more than traditional incandescent bulbs, during their lifetime they save you money, because they use less energy.

ENERGY-SAVING (ALSO CALLED HALOGEN) INCANDESCENT LIGHTING

Halogen incandescent light bulbs are simply energy-efficient incandescent bulbs and can last up to three times longer than traditional incandescent light bulbs. Halogen incandescents come in a wide range of shapes and colors and can be used with dimmers.

CFL Bulbs. ENERGY STAR®-qualified CFLs use about 75% less energy and last up to 10 times longer than traditional incandescents.

CFL bulbs last about 10 times longer and use about one-fourth the energy of traditional incandescent bulbs. A typical CFL can pay for itself in energy savings in less than 9 months and continue to save you money each month.

You can buy CFLs that offer the same brightness and colors as traditional incandescent bulbs. Some CFLs are encased in a cover to further diffuse the light and provide a similar shape to traditional incandescent bulbs.

CFLs contain a very small amount of mercury and require special handling if they are broken. CFLs should be recycled at the end of their lifespan. Many retailers recycle CFLs for free. 

LED LIGHTING

LEDs: A New Kind of Light. LED bulbs offer similar light quality to traditional incandescents, last 25 times as long, and use even less energy than CFLs. Choose ENERGY STAR-qualified LEDs for the highest quality and energy savings.

LED bulbs are rapidly expanding in household use. ENERGY STAR-qualified LEDs use only about 20%-25% of the energy and last up to 25 times longer than traditional incandescent bulbs. They come in a variety of colors, and some are dimmable or offer convenient features such as daylight and motion sensors.

In addition to standard screw-in bulbs, you'll find LEDs in applications such as recessed downlights, desk lamps, kitchen undercabinet lighting, and outdoor area lights.

INDOOR LIGHTING TIPS

  • By replacing your home's five most frequently used light fixtures or bulbs with models that have earned the ENERGY STAR, you can save $75 each year.
  • Visit ENERGY STAR to find the right light bulbs for your fixtures. They are available in sizes and shapes to fit in almost any fixture and provide the greatest savings in fixtures that are on for a long time each day.
  • When replacing incandescent bulbs from recessed light fixtures, use energy-efficient bulbs that are rated for that purpose. For example, the heat buildup in downlights will significantly shorten the life of spiral CFLs.
  • Controls such as timers and photocells save electricity by turning lights off when not in use. Dimmers save electricity when used to lower light levels. Be sure to select products that are compatible with the energy-efficient bulbs you want to use.
  • Keep your curtains or shades open to use daylighting instead of turning on lights. For more privacy, use light-colored, loose-weave curtains to allow daylight into the room. Also, decorate with lighter colors that reflect daylight.

OUTDOOR LIGHTING

Many homeowners use outdoor lighting for decoration and security. A variety of products are available from low-voltage pathway lighting to motion-detector floodlights.

LEDs work well indoors and outdoors because of their durability and performance in cold environments. Look for LED products such as pathway lights, step lights, and porch lights for outdoor use. You can also find solar-powered outdoor lighting.

OUTDOOR LIGHTING TIPS

  • Because outdoor lights are usually left on a long time, using CFLs or LEDs in these fixtures will save a lot of energy. Most bare spiral CFLs can be used in enclosed fixtures that protect them from the weather.
  • CFLs and LEDs are available as flood lights. These models have been tested to withstand the rain and snow so they can be used in exposed fixtures.
  • Look for ENERGY STAR-qualified fixtures that are designed for outdoor use and come with features like automatic daylight shut-off and motion sensors.

Tips when sharing a rental property


WHY A MESSAGE BOARD IS GREAT WITH ROOMMATES

When you have roommates, you will undoubtedly see each other and talk on a regular basis. Even if you don’t, there are a number of ways to connect with your roommate these days, be it through text message, social media, email or even phone calls if they don’t happen to be at the apartment. However, despite the ample amounts of communication and the fact that they live one wall away from you in many cases, bits of communication will still get lost—or never happen. Things like “buy more paper towels;” or things like “pay cable bill;” or things like “wanna go to this party?” Even people who live together as roommates are often incredibly busy and live separate lives—which is why a message board in the apartment, be it on the refrigerator or the wall of the kitchen or in a hallway—is an excellent idea. Below are some examples as to how a message board can be used for everyone’s benefit and form a tighter bond between roommates, as well as clarifying any important information that could otherwise be lost or forgotten.

Important Messages without Being Annoying

If people in the apartment often forget to pay their share of bills, but always end up paying, the message board in the apartment is a great way to remind them of this without being obnoxious or aggressive. Simply write the total amount of the bill and what each roommates share of the bill will be. This will sit on the message board until the bill is paid, gently reminding everyone to pay up, without conveying this message through email or text message, which will often quickly be forgotten due to other emails and texts rolling in on their phones and inboxes.

Inside Jokes, Slogans and Personality Between Roommates

This message board in the apartment is really a sort of personal forum for roommates and no one else. Drawings, funny sayings and quotes from nights spent together and various other non-sequitors can make the message board a place that roommates can share something on together, reminding them of the good times you have in this living situation. It also adds a certain personality to the apartment itself, not just for you but also for whoever comes over and visits and sees the funny, creative and fun loving nature of the apartment via the message board.

A Live Calendar

Despite calendars being in people’s phones and computers, things will still slip through the cracks, especially between roommates who have their own lives. This is where a message board comes in very handy, as big events or trips can be posted on this message board to permanently remind the roommate of where the other one will be, small parties or events that may be happening at the apartment or things they may have planned to do together. While these will also be entered into smart phones or email calendars, having an event or date written on a message board will be a constant reminder for a roommate so it definitely won’t be forgotten.