Fly down memory lane to Perth Airport in 1965 then slide to 2016 to see how the now domestic airport has changed http://bit.ly/2dpxN5t
Are you aware that your build might have extra costs to meet the requirements of Bushfire Attack Level (BAL) assessment/report being obtained and being below a certain level to ensure building is less prone to bushfire loss.
These requirements monitored by the local council could add thousands of dollars to your build costs.
No one wants to feel like they've been taken for a ride, so when you've found the right property, how do you get it for the right price? Here are some things to consider when it comes to purchasing negotiations.
Do your homework
Property prices are influenced both by demand and how much other potential buyers are willing to pay. Before you make an offer, research similar properties that have sold recently in the same area. Also consider organising a pre-purchase building report, as any issues with the building may give you leverage to negotiate a lower price.
Investigate the seller's motivations
It pays to investigate the seller's circumstances. The more you know, the more negotiating power you will have. Ask questions such as:
Things could be looking up for homebuyers, with a new report forecasting a drop in property prices over the next three years. But could this also signal the end of the Australian property market golden era?
According to BIS Shrapnel's Residential Property Prospects 2016-2019 report, median house and unit prices in our capital cities will be lower by 2019. This is due to a perfect storm of slower population growth, falling immigration levels and an oversupply of new homes.
The Australian Prudential Regulatory Authority's recent work to tighten lending standards has slowed investor activity, also contributing to the downward trend. Investors have previously been a huge driver of market demand, particularly in Sydney and Melbourne.
Thanks to Lee Sanders from CCP.com.au for the tip...
The government is paying to have your electronic junk recycled!
They've even created a handy map of where you can drop it off for re-cycling at no cost to you!
The national television and computer recycling scheme with the aim of recycling 80% of e-waste by 2022. There are more details about the scheme here.
Rather than throwing that old computer, TV or other electronic junk in the bin, drop it off for recycling. Or you can give your junk to us and for a $5 delivery fee we'll drop it off for you.
I hope this information was of interest?
Computer Consultant Professionals
Unit 18, 8 Tomlinson Road, Welshpool, 6106
ABN: 19 128 752 607
Phone: 08 9467 2269
The National Electrical and Communications Association (NECA) have previously published information regarding the issuing of electrical safety certificates.
NECA has received confirmation via email from the Department of Commerce stating the following:
“Safety certificates are not to be issued unless it is installation work as described in the Electrical (licensing) regulations 1991 section 52B. Going to a property and ensuring correct operation and that the premises complies to the legislation is not installation work. The form is an official certificate and cannot be altered or details entered that do not relate to installation work that you the contractor have performed. We suggest in your circumstance that a letter which must have a company letter head should be sent when doing compliance inspections. This letter can outline whatever requirements are necessary including the amount of RCD’s number of Smoke detectors were they all operational and installed as per the Australian standards, were any faults or concerns found that may need further investigations or rectifications. The letter can include or exclude as much as the client requirements are you can add similar ticks and flick sections like the safety certificate but under no circumstances should a safety certificate be issued unless installation work has been done “.
AICWA is currently waiting to hear back from NECA regarding the template recommend to their members for producing an Electrical Condition Report.
Source: AICWA newsletter 4 October 2016
Electrical Condition Report - Update source:25 October 2016 AICWA Newsletter
The National Electrical and Communications Association (NECA) have previously published information regarding the issuing of electrical safety certificates and Electrical Condition Report. In their communications to their members they have also provided an example of an “Electrical Condition Report”. View a Report HERE
Favourable interest rates are a borrower's best friend, but should you lock in a low rate or go with a variable rate? Here are five things to consider.
1. How low can rates go?
Interest rates are at historically low levels and the current outlook suggests there may be further cuts in the medium-term future. If you lock in your rate now, you won't reap the benefits of later decreases. The question is: how low do you think the rate will go before it starts to climb back up? Timing is crucial if you want to lock it down at its lowest point.
2. Balancing the budget
How are your budgeting skills? If you want to know your precise repayment obligations for the next one, three or five years, then a fixed rate term can give that to you. Be aware, however, that you may not secure the best rate. Consider this route if certainty is important to you.
3. Fixed or flexible?
Fixing a rate denies you some flexibility. Once you fix a rate, some lenders won't let you make extra repayments to reduce your principal. If you come into extra money, such as a work bonus or an inheritance, you lose the opportunity to make what could be a sizeable dent in your mortgage.
4. Selling points
A fixed rate may put you at a disadvantage if you're looking to sell your property in the foreseeable future. Lenders may charge a break fee if you make changes to your loan or pay it off early, which often happens when borrowers sell.
5. Fixed vs variable: It's about 50/50
According to a study conducted by Canstar, a website that compares loans, the advantage of a variable versus fixed rate is fairly small over time.
Canstar compared an average three-year fixed-rate loan with variable rates over two decades. People who fixed their loan did better for 112 months, while those who chose variable were ahead for 123 months. "That's pretty close to a 50/50 bet," remarked Mitchell Watson, research manager for Canstar.
Seeing interest rates decrease understandably prompts borrowers to think about fixing their mortgage to a low rate. If you're weighing up the options, consider the benefits and drawbacks of locking in a low rate versus the flexibility of a variable loan according to your personal circumstances.
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