Ciao from the Ettalong Beach Italian Festival

Ciao

Enjoy vino, birra, coffee and the best of Italian cuisine all weekend.

The talents of Italian vocalists will have you up and dancing.

Check out the Italian car line-up or watch an Italian Film after some antipasto and a glass of wine. Their gypsy in her covered wagon, will delve into your life and guide your future.

The wandering accordionist livens up the scene and the kids can catch the puppet shows on the Market Stage.

Showcasing Italian fashion, accessories and jewellery from local boutiques as well as world-renowned designer labels.

To experience the Italian boat crossing from Italy to Australia in decades gone by, hop on the Palm Beach to Ettalong Ferry, with the crew dressed as Italian sailors.

We look forward to seeing you at the festival this weekend, Sat 29 and Sun 30 April 2017. Ocean View Rd Ettalong Beach

 

 

Easter trading 2017- The Property People (Peninsula)

Easter Trading 2017

Closed Good Friday

Open 9am -12noon Easter Saturday

Closed Easter Sunday

Closed Easter Monday

The management and staff wish everybody a happy and safe Easter.

 

,

Those excellent Arial shots but are they legal?

Those excellent Arial shots but are they legal?

 

Arial photography certainly has its place in the real estate marketing. An Arial view captures a ‘bird’s eye view’ of a parcel of land and the structure that sits upon it. These days, many vendors have by-passed commercial operators and have turned their hand to some homemade Arial photography on their properties for marketing.

The key thing to remember if you are thinking about using a drone for Arial photography or surveillance is that drones that are more than 2kg must be registered with the Civil Aviation Safety Authority (CASA). Moreover, the operator of the drone needs to have an Operators Certificate before they can start flying the drone in public air-space.

 For our novices out there, if the drone is less than 2kg you are permitted to pilot the drone during the daytime in so long as it remains in your line of sight, is no more than 400 feet from the ground and is more than 30 metres away from the people then you are set to go.

 Central Coast Council does have the power to ban drones in public areas such as beaches or parks.

Proposed property tax for investors that leave their property vacant.

Proposed Landlord Tax- good or bad ???

Victoria is proposing a new property tax for investors who land bank their investment properties.

Under the proposal some exclusions will apply such as for holiday homes and properties used for work, this proposal is certainly an out of the box idea put forward by the Andrews Government.

For the full details follow the link http://www.theage.com.au/victoria/vacant-property-tax-expected-to-raise-80m-in-push-to-increase-housing-affordability-20170305-gur4zn.html.

What are your thoughts on the proposal ?

 

 

,

Can a landlord contract out of personal liability?

Can a landlord contract out of personal liability

Recently a landlord that had transferred their management to our agency inquired as to whether they could insert a special condition in the lease that would excuse the landlord for any claim made by an occupier for personal injury.

The short answer is NO.

The tenancy legislation states that the lease must not contain terms that are prohibited, one such exclusion is the requirement that the tenant must take out a specified, or any, form of insurance.

The Act goes on to specify that a landlord’s agent must not enter a contract or other agreement with the intention, either directly or indirectly, of obtaining an exclusion from or indemnity for personal liability for any act on behalf of the landlord that renders the landlord’s agent liable for an offence under the Act.

It should also be noted that the Tribunal has the power to make an order declaring that a term of a residential tenancy agreement is void or partly void if they are satisfied that the term is inconsistent with any term included in the lease by the Act or Regulations.

If you are a landlord and would to know about how the risk burden of personal injury can be shifted , then call any make an appointment with one of our property managers.

,

Office Mascot caught napping on the job

Mascot sleeps while humans work

The latest paparazzi photos hot off the press show the behind the scenes of the official mascot of The Property People (Peninsula). Miss Maggie-May has been caught red handed ‘napping on the job’. This has come as a huge shock to anyone who doesn’t know Maggie-May.

 A spokesperson who wishes to remain anonomous had confirmed that the photo is a true representation of the office mascot and her apparent disregard for the ‘no sleeping at work’ rule.

 The unnamed source had further complained of the four legged furbaby hogging the space surrounding the property officers chair and had stated that snoring was becoming a real issue, especially when staff were on the phone.

 There had been further speculation that shortly after this photo was snapped that a potato chip packet was opened at the other end of the office and that Maggie-May immediately jumped to her feet, tail wagging and went about finding the source of the chips in an attempt to procure one (and by one we mean the lot).

 Maggie-May was approached for comment, but simply replied with ‘woof’ and then she rolled over and went back to sleep.

 

ZZZZ ZZZZ    ZZZZZ   ZZZZZZZ

,

Rental Returns- Can you double your income ?

Rental Returns- Can you double your income?

Granny Flats and Cabins

Particular to the Central Coast Peninsula is the influx of the legal granny flats. Particular in that the Peninsula has always been a wash with ‘cabins’ because of the prevalence of rear lanes. As a general rule, Granny Flats are legal developments, and ‘cabins’ are illegal. Sometimes you may hear cabins described as ‘sleep-outs”.

Granny flat developments are built under the NSW State Environmental Planning Policy (SEPP). The SEPP has brought about the demolishing of a lot of the old illegal ‘cabins’ and seen them replaced with brand new stylish two-bedroom granny flats. The banks happily finance these granny flats, and on average cost between $110,000 – $150,000 depending on the style of the granny flat. Rental returns are between $350pw- $400pw depending on the finish and the inclusions.

 

So, what are these Granny Flats you may ask? A granny flat is self-contained accommodation within, attached or separate to an individual home. A private certifier can certify granny flats as a complying development without the need for a development application to Central Coast Council, provided they meet the specific development standards in the State Environmental Planning Policy (Affordable Rental Housing) 2009.

 

The cabins are often converted garages. They are often constructed from building materials made from asbestos and have inherent issues with air-flow and size. The ‘cabins’ do however have their place socially in that they are significantly lower rent than a granny flat and meet the needs of many financially disadvantaged people living on pensions or seeking low cost housing. We may add that they are not all bad, many are well built prior to the SEPP when Council ruled the roost.

 

The new granny flats are also used by property owners who wish to house their early adult children or elderly parents. The provide a vehicle for people to stay at home with family in a property market that is increasingly out of reach for many Australians.

 

If you are thinking of building a granny flat and would like some free advice as to rental returns and the type of tenant that could be located, then contact one of our property managers for a free no obligation rental appraisal. It is possible to significantly increase your rental return through the construction of a granny flat.

 

More information is available here:

https://dpe-files-prod1.s3-ap-southeast-2.amazonaws.com/s3fs-public/documents/2016/May/Granny_Flats_Generalinformation.pdf

https://dpe-files-prod1.s3-ap-southeast-2.amazonaws.com/s3fs-public/documents/2016/May/Granny_Flats_Building_Articulation_Corner_Lots.pdf

https://dpe-files-prod1.s3-ap-southeast-2.amazonaws.com/s3fs-public/documents/2016/May/Granny_Flats_Building_Heights_and_Setbacks.pdf

https://dpe-files-prod1.s3-ap-southeast-2.amazonaws.com/s3fs-public/documents/2016/May/Granny_Flats_Privacy_Requirements.pdf

 

 

, ,

Ettalong Beach Rental Returns

ETTALONG PRICE PROPERTY UPDATE 1ST QUARTER 2017

Ettalong Beach rental returns.

 

According to the latest figures compiled by realestate.com.au the Annual growth for Ettalong Beach was 13.3%. The median property price is $650,000, the median rent is $380.00pw, the rental yield is 3.0%.

Ettalong Beach is an exciting area to watch as many expect that property prices will appreciate with the changing character of the pretty seaside village.

The new Atlantis development on the Esplanade has reportedly been selling fast. The new development will enliven the area with new cafes and restaurants. It will also provide employment opportunities for many locals.

However, if you don’t have a cool $650,000 to buy another investment then some other areas are delivering results.  Investors looking for higher rental returns have headed to regional areas, that often do not enjoy the same capital gains as Sydney and the Central Coast.

Areas such as Broken Hill enjoyed a rental yield of 11.6% and a median house price of $108,000. Boggabri was another regional area that faired well with a rental yield of 8.9% and a median house price of $175,000.

If you are thinking of purchasing another investment property on the Peninsula, even if you buy through another agent, we can assist you with a rental appraisal and the management of your new investment.

 

Account

Password Reset

To reset your password, please enter your email address or username below