42 Don Dunstan Drive, Bonython | For Auction

(02) 6296 7077 | peterblackshaw.com.au

Tuggeranong Market Review | July 2015

Contents July ‘15 Page Contents

1. Welcome | Market Review

2-7. Investment Focus

8-9. Sales Case Study & Snapshot

10-11. Rental Case Study & Snapshot

12-14. Our Community

15. Our Partners - Tuggeranong United FC

Amy PeakerBusiness Manager | Licenseeapeaker@peterblackshawtuggeranong.com.au | 0402 261 156Lic Agent Canberra South Real Estate Pty Ltd ABN 53 106 779 506

Welcome to the July edition.

The last four weeks has transitioned us into the typically quieter months of winter in Canberra, with purchasers’ unwillingness to venture out in the cold to look through homes either too early or late. In saying this, our scheduled open homes have been extremely successful, with no shortage of buyers embracing the cold days and inspecting our available homes.

Stock levels have been the factor that has experienced the most dramatic change, falling for the third consecutive month, this month by a further 11.2%. This however is by no means a negative for home sellers, with limited stock and plenty of buyers still in the market, fueled by healthy interest rates and the additional Mr Fluffy home owners looking to relocate.

With this all in mind, it is important to take stock of how close we are to the approaching Spring/Summer selling season. Although conditions are very positive for a sale now, if you are planning to market a property towards the Spring, in actual weeks (factoring in both the planning of a campaign and the average days homes are taking to sell), it may be a good time to think about initial preparations. We can offer our in-house stylist, Rebecca Bisa, free of charge to our existing clients. Rebecca can provide advice on aspects of your home you can work on in order to prepare for a future sale or tenancy. Rebecca Bisa’s direct number is 0407 463 634 or please contact me or your agent at any time.

WELCOME NOTEJuly ‘15

1.

IS YOUR PROPERTY VACANT OR

BECOMING VACANT?

ARE YOU LOOKING TO INVEST?

ARE YOU GETTING THE MOST

OUT OF YOUR PROPERTY MANAGER?

ARE YOU MISSING A PIECE?

2.

THAT PIECE IS US.

Are you getting the most out of your Property Manager?

Are you looking to invest in real estate?

Is your property vacant or becoming vacant?

If you answered yes to any of the above questions, now may be a great time to discuss your needs with an experienced team of professionals.

Our expert market knowledge means a superior service for each of our valued clients. We invite you to experience first hand the professionalism, service and proven results of Peter Blackshaw Real Estate.

WHAT MAKES US DIFFERENT?

• Arguably the most experienced team of leasing consultants and property managers • Leading and multi award winning brand for over 25 years• Trained to handle complex situations • Focused on achieving our investors maximum returns and providing up to date investment trends • Offering one of the lowest vacancy rates throughout the leading agencies across Canberra • Recognised as the best property management department within the Peter Blackshaw network

3.

HOW TO PICK A WINNING RENTAL PROPERTY

• Think twice about buying in a market you are unfamiliar with.• Look in areas where capital growth is expected.• Have an experienced property manager provide you with a rental appraisal

prior to committing to a property.• Look in areas where the rental income is high compared to the property

value.• Research changes to the local area that may affect pricing such as future

development (good or bad).• Look for properties which have low maintenance common areas and garden

HOW TO ATTRACT THE BEST QUALITY TENANT • Engage an experienced property manager to work on your behalf with

access to the Australian tenancy database (PICA). Which is a national tenancy default database.

• Professionallly produced photography is essential. • Make sure the property is in good condition with no outstanding repairs.• Most tenants are looking for a property which is low maintenance, the

less work they are required to do the better.• The property has adequate heating and cooling.• More and more tenants are being energy conscious, so keep in mind to

install quality windows furnishings.• Consider fresh paint and carpet.• Simple cosmetic changes such as tapware, light fittings and door handles

will help modernise an older property and attract a higher number of inspections.

SIX IMPORTANTTIPS TO NOTE

12

4.

MAKE SURE YOU ARE COMPLETELY INSURED

As a landlord while you don’t need to pay for personal home contents insurance, you will need to organise building and public liability insurance. If you buy a unit, building insurance could be covered under your strata premium. (Check this with your Body Corporate age . This protects you if your tenant maliciously damages the property or chooses to stop paying rent. Reminder: Most relatable expenses to your rental property may be tax deductible (including agent’s fees).

THE BUDGETWHAT CHANGES CAN AFFECT THE RESIDENTIAL MARKET IN CANBERRA?

• Residential rates will be increasing by an average of 9 per cent per house hold or approximately $150pa.

• The Act Government will also be making significant changes to land tax. Unit and apartment owners will be the worst hit with a significant increase, however those with a unimproved land value over $350,000 will receive a reduction in land tax.

• There will also be further cuts in stamp duty. For example, the buyer of a $500,000 home will save approximately $5900 compared with those purchased in 2012-13.

• For further information on land tax please click HERE, for rates and stamp duty updates please click HERE.

• The First Home Owners Grant to be phased down from $12,500 to $7000.

34

July ‘15

5.

DID YOU KNOW THAT 80% OF PROPERTY INVESTORS ARE MISSING OUT? BMT - TAX DEPRECIATION QUANTITY SURVEYORS

Property depreciation is the wear and tear of buildings and assets within a property over time. The Australian Taxation Office (ATO) allows the owners of income producing properties to claim this depreciation as a tax deduction.

A depreciation schedule is required to maximise depreciation deductions and to substantiate these deductions in a tax return.

• Forty year report to last the life of the property• Multiple methods of depreciation• Split reports for multiple owners• Adjust two previous tax returns and claim back• New and old, every investment property benefits from a schedule• BMT work with your accountant to maximise deductions• Click HERE for additional information

SIX IMPORTANTTIPS TO NOTE

5HAVE YOU OVERLOOKED PAYING YOUR LAND TAX?

The ACT Revenue Office is offering a Land Tax amnesty for properties managed with an agent. Contact Heidi Russell at Peter Blackshaw Real Estate today on 6296 5595. 6

6.

OUR PROPERTY MANAGEMENT

PROFESSIONALS

Heidi RussellDirector of Property Management

Danielle FreemanProperty ManagementCo-ordinator

Amber JarvisProperty Manager

Oscar WrightProperty Manager

Ebony HeffernanAdministration

Rebecca AmonProperty Manager

Rachel TynanLeasing Consultant

Our Property Managers work on smaller individual portfolios, compared to our competitors. Doing this allows each of the homes we manage to have a far more comprehensive and better quality of service.

Our Property Management team has a wealth of experience and are all qualified and registered to operate in both the ACT and NSW. We regularly attend Property Management workshops and inhouse training, embracing new ideas and technologies. Our team have complete administration over all aspects of the management of your property. This enables one point of contact for the lessor, the property and the tenant, which ensures efficient action and management.

Committed to client focusAlways contactable

Life time local residentsMulti-award winning team members

Team members are trained to professionally handle complex situations

Dedicated to working around our clients

Heidi Russell Director of Property Management

hrussell@peterblackshawtuggeranong.com.au | (02) 6296 5595

73 Lucy Gullett Circuit,Chisholm SOLD $540,000

AGENTSRobert Peaker | 0412 726 025 Ben Hoitink | 0431 250 627

SALE NEGOTIATED This unique family home in an elevated enclave of Chisholm, was initially marketed by another agency for over three months. Our premium full service marketing produced over 50 buyer inspections. This strong interest resulted in a positive outcome for our owners.

BUYERAn interstate purchaser seeking to create their dream family home.

MARKETING CAMPAIGNStandard Photo SignboardPremium website marketingVIP purchaser alert through current contactsSaturday and twilight open homes

HOME FEATURESLarge flexible accommodation with indoor pool, five bedrooms and double car garage. Block size was in excess of 1150sqm

CASE STUDY

8.

MONTHLYSALESSNAPSHOT

July ‘15Properties currently listed (as of 16th June ‘15) 333

Properties sold 95

Total value of sales $46,890,650

Tuggeranong Record (Kambah) $1,295,000

Average sale price $493,585

Median sale price $472,250

Highest sale price (Kambah) $947,500

Lowest sale price (Kambah) $300,500

Days on market (Tuggeranong Region Average) 60

% of homes reaching agreement 22.3%

Source PBRE research & allhomes.com.au. Reported dates 16th May to 15th June ‘15

315  374   422   420   375   333  

77 55

125 123 198

95

FEB '15 MAR '15 APR '15 MAY '15 JUNE '15 JULY '15

SOLD   STOCK  AVAILABLE  

FROM COVER

LOOKING BACK

1

BONYTHON 42 DON DUNSTAN DRIVE

Proudly positioned on the corner of a nature reserve and opposite an ornamental lake and

gardens, this remarkable double storey home is an immaculate entertainer's delight. The

interior is expansive and includes a magnificent central living room with stunning features,

perfect for just daily relaxing or entertaining on a grand scale. This is a tantalising opportunity

for one lucky buyer. EER 2.5 Auction on site 3pm Saturday 27th June New Listing

Open Sat 12 - 12:30pm

Tuggeranong 6296 7077 | Brian McPherson 0401 354 540

4 2 2

LEASED BYRachel Tynan | Leasing Consultant

DAYS ON MARKET 14

CONFIGURATION4 Bed | 2 Bath 1 Garage

MARKETING CAMPAIGNPremium Marketing Package

HIGHLIGHTSFour bedrooms, three with built in robesFamily room Rumpus / multi-purposeDucted heating & coolingTimber floors

RESULTRented quickly to top quality tenants in 14 days, after switching from another agent who had it on the market for over 5 weeks.

23 Coningham Street,Gowrie $495 p/w

10.

CASE STUDY

MONTHLYRENTALSNAPSHOT

Properties available (Tuggeranong Region as of 16th June ‘15) 193

Properties rented (Tuggeranong Region) 105

Lowest rental price (Chisholm) $220p/w

Highest rental price (Wanniassa) $900p/w

Average rental price $420p/w

Median rental price $415p/w

Average days till rented (Region average) 32

Average days till rented (Our team average) 27

Source PBRE Research, ABS & allhomes.com.au. Date range 16th May to 15th June ‘15

“Effectively managing our tenant database has allowed us to successfully secure our

position yet again in the Top 10.”

(Results for the month of June | Property Management Departments)

Heidi Russell Director of Property Management

hrussell@peterblackshawtuggeranong.com.au | (02) 6296 5595

5152170

349

55

732.3%

Total registeredtenants

Tenants looking now

Vacancy Rate

Enquires

Applications received

Total inspections conducted

OUR COMMUNITYSOCIAL SNAPSHOT

Caroline Chisholm School

FeteFri 30th Oct

4pm-8pmProudly supported by Ben Hoitink &

Peter Blackshaw Tuggeranong

12.

At Peter Blackshaw Real Estate Tuggeranong we consider being involved with the local community an important way of showing support for the Tuggeranong area and its residents. Over the past 10 years we have proudly been involved with a number of community events, charitable organisations, schools, sporting teams, mothers programs and businesses, such as the RSPCA, St Vincent De Paul, Ronald McDonald House Charities, Cancer Council Australia and Variety: The Childrens Charity. We enjoy taking a hands-on approach to all aspects of our sponsorship by having our staff be involved in all events where possible. We invest our time, resources and expertise to ensure everyone is pleased with the final outcome.

OUR COMMUNITYWE WANT TOBE INVOLVED

Amy PeakerBusiness Manager | (02) 6296 7077

What we could provide to you

• Auctioneer services• Marquee• Volunteers• Promotional Signage• Graphic Design & Photography services• Facebook and website promotion

If you are interested in having us sponsor your event please contact:

Are you seeking assistance with a Tuggeranong community event?

14.

Upcoming Events26/6 Monash Primary School Sports Carnival

17/9 Tuggeranong College Musical & 25th Anniversary Celebration

24/10 Covenant College Car Boot Sale

30/10 Caroline Chisholm School Fete

14/11 St Francis of Assisi Fete

OUR PARTNERSTUGGERANONG UNITED FOOTBALL CLUB Football Club

Est. 1976

Volunteers wanted

Our partners Tuggeranong United are urgently looking for volunteers for the 2015 season. If you are interested in working within the football club this year contact them today.

For the full list of volunteer positions, follow the link below:http://bit.ly/1aCDvds

Last chance to play in 2015!

We have a limited amount of spaces left in our MiniRoo and Junior teams for 2015. Please contact our registrars to check if we have space in your age group via the link below:

http://bit.ly/1c3IwMN

15.

MINIMUM TIMEMAXIMUM PRICE

Our intimate understanding of local needs and trends continues to place us as the most well informed local agency in Canberra.

Our expert market knowledge means a superior service experience for our vendors and purchasers.

Proud of our reputation as a dynamic, innovative and family orientated group, our team is constantly looking for new ways to exceed expectations.

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