News

Rental availability increases across Sydney

Vacancy rates have risen across Sydney, according to Real Estate Institute of New South Wales (REINSW) research. REINSW President, Leanne Pilkington, says the August 2018 REINSW Vacancy Rate Survey saw metropolitan Sydney vacancy rates up 0.2 percentage points at 3.0 per cent.  'Vacancy rates in Middle and Outer Sydney are both at 3.1 per cent, an increase of 2.0 percentage points and 4.0 percentage points respectively," she says. "In Inner Sydney, vacancy rates rose 2.0 percentage points to 2.9 per cent. …

President Payne

Congratulations to our very own Christian Payne on becoming the President of the Real Estate Employers' Federation. The Real Estate  Employers' Federation (commonly known as REEF) is the real estate industry's leading not-for-profit employer and workplace relations advisory association. It has 1500 members and subscribers across Australia.  Having served as the President of the Real Estate Institute of New South Wales (REINSW), Christian has built a valuable network of industry and government contacts over his 25 years in the industry. 

Why Property Styling is Essential in a Slow(er) Market

Styling increases the vendor's investment in selling.  Both Vendor and Agent are making a big investment when selling a Property, on so many levels. The Vendor invests their hard earned money in improvements, repairs, marketing costs, selling commission and often in Professional Styling. The agent on the other hand invests their most valuable resources – Time & Energy. For the Vendor and Agent, embarking on this sales journey together is a commitment both to each other and to getting the…

WINNERS - OUTSTANDING REAL ESTATE AGENCY

We are thrilled to announce that Payne Pacific Real Estate was awarded the 'Outstanding Real Estate Agency' at the 2018 Sutherland Shire Local Business Awards held on Wednesday 22nd August, 2018 at Cronulla Sharks Leagues Club. This is an incredible achievement for our agency and is a tribute to the hard work and commitment the team delivers daily. Our team of experienced agents pride themselves on providing a personalised approach to customer service and delivering the strongest results to each…

Careers and Education Expo 2018

Payne Pacific were among a selected group of local businesses who shared the stage with some of the world's biggest brands like Google and Qantas at the 2018 Careers and Education Expo held at Cronulla Sharks Leagues Club on Wednesday 15th August 2018. The event was hosted by Cronulla Sharks and Capital Bluestone. Around 1000 year 10-12 students from across the Shire were given the chance to have a glimpse at a range of job and career options from more…

Four out of five people are underinsured

An alarming 80 per cent of property owners and tenants are underinsured. Make a new financial year resolution to check your cover is adequate. As the new financial year begins, and you pull out the paperwork for your tax accountant, it’s a convenient time to also review your insurance cover. Concerningly, data from the Insurance Council of Australia (ICA) shows four out of five Australian property owners and renters are underinsured, despite having policies in place. While some may underinsure…

Budget roundup 2018-19 and tax - What property investors need to know

A few elements of legislation announced from over the last few months to the last few years, and the various federal, state and territory-based budgets this year, can impact property investors come the new financial year. Here’s what investors need to look out for when time comes to think about their next tax return. Federal changes GST for property settlements If investors are looking to purchase new residential property after 1 July, the GST needs to be paid to the…

Happily ever after: How to beat the competition and find your forever home

Finding a “forever home” in Sydney’s hotly contested real estate market is no easy feat. Prospective buyers are faced with stiff competition and a seemingly endless parade of “expert” advice. A forever home is property that will serve your family for the decades to come – potentially from your child’s first steps right through to retirement. With that in mind, the most important consideration is to find a property with a flexible floor plan capable of adapting over time. When…

Is it time to downsize? What to look for so it's right for you.

There comes a time in many people’s lives when you start to weigh up how big your home really needs to be. There’s empty rooms left, right and centre, the garden suddenly seems enormous and your knees creak every time you climb those stairs.  You really just don’t have the same needs as you used to. It might be time to downsize.  But how can you be sure to choose the best property for you? If you’re a senior, stick…

Pool Fences

Summer Pools are built in the cooler months.  Now that we’re in Autumn, it’s time to start planning that pool if you want to be swimming by the time the weather warms again.  Pool Fencing is one of the most important parts of a swimming pool.  A pool is never complete without a fence, so in order to avoid problems at the end, it’s important to think about your fence from the outset.  Pool fencing regulations in NSW are strict.…

More than half of Australians spend less than an hour inspecting a house before they buy it

More than half of Australian homeowners spend more time watching a TV show than they would inspecting the property they buy, according to new research by ME bank. The survey of 1000 property owners found 58 per cent spent less than 60 minutes checking out the house they then went on to buy and more than a quarter of those people found issues with it after their purchase. ME head of home loans Patrick Nolan said the results were not surprising…

25% of homes have no working smoke alarms

Damning new data has revealed how common home fires have become in New South Wales. Research conducted by Fire & Rescue New South Wales and obtained by Smoke Alarm Solutions, discovered the state’s firefighters attended more than 3,500 home fires in 2017. The research revealed Fire & Rescue New South Wales attend on average 9.6 home fires every day, or 291.6 each month. On average, the fatality rate of home fires is double that of bushfires in NSW and claims on…

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