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Licensed Real Estate Agents Shelley and Mark are renowned for their exceptional customer service, strong local knowledge and high ethical standards. 

 
The unique combination of Shelley and Mark’s team-based way of working and proven business philosophies, presence and marketing tools is your winning formula for success and the reason so much of their business results from word-of-mouth referral and people who keep coming back.
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Murdoch Hub tipped to drive push for Perth’s southern suburbs

by ShelMarkblog In Uncategorized

17 August 2017

The Murdoch Activity Centre has been touted as one of Perth’s largest property projects, kicking off with the construction of the Murdoch Health and Knowledge Precinct.

The $200 million project will consist of:

• A 60-room medi-hotel, a facility that will be built next to Fiona Stanley Hospital and will take the pressure off overcrowded local hospitals,
• A 150-bed aged care facility,
• 175 residential apartments, and
• Around 13,000sqm of medical and commercial space.

Health Minister Roger Cook said the development exemplified Premier Mark McGowan’s Metronet vision “to establish smart, sustainable and vibrant communities”.

The development company building stage 1, Fini Group has flagged the need to employ around 1300 people during the three-year construction phase.

Murdoch Health and Knowledge Precinct will take 10 to 15 years to develop and is a part of the broader Murdoch Activity Centre, which is expected to create 35,000 jobs, and house 22,000 residents and 44,000 students. It is great news for property owners and potential new property owners in the surrounding area.

We currently have 2 Green Title blocks of land for sale in Leeming which is very close to the Murdoch precinct – they represent an excellent opportunity to get in now while prices are this good.

Click on the link to read the full story and watch the video, which gives you a great perspective of what’s happening and what the precinct will look like.


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Auction Success Story – how we helped make it happen

by ShelMarkblog In Uncategorized

10 August 2017

With Auctions on the rise in Perth we thought we would share a recent Auction buying success story and let you know about a service we offer that not many people are aware of.

One of our long-term clients was keen to buy a property in Booragoon that was coming up for Auction through another agent. Not knowing much about buying and selling at Auction however our client was very apprehensive about bidding.

Although the property was listed with another agency, our clients came to us for advice, as we have known them for a long time and helped them buy and sell in the past.

I took them to view the property (29 Colleran Way, Booragoon) a total of three times. By this stage they were convinced that this was the home for them. However they remained concerned about their chances of securing it, as they had never been to an Auction before let alone bid at one.

We sat down together and I explained the Auction process to them in detail. We discussed whether or not they should make an offer prior to Auction, how to bid, and what to expect on Auction Day. I also provided them with sales evidence of similar properties that had sold recently in Booragoon so they were aware of the current market value.

The day before the Auction, my client’s husband had to take an overseas business trip. This left his wife to do the bidding. Knowing my client would be nervous, I accompanied her to the Auction and was there with her every step of the way, guiding her through the bidding process.

To my client’s absolute delight she was the successful bidder on the day and she and her husband are now enjoying their lovely new home in Booragoon! The result – a very happy buyer and seller.

This service is not only reserved for long-term clients. It is available for anyone who would like to bid at an auction (whether the property is listed with us or another agency) but is wary of the process. Allow us to help you too!

If you are interested in learning more about our FREE Auction Assistance Service, give us a call on 6267 5151.

 


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The great divide

by ShelMarkblog In Uncategorized

03 August 2017

Ten years ago the difference between the cost of housing in Sydney and Perth was only $5,000. Today you wouldn’t find two more different markets in Australia.

While Sydney has experienced a 118% increase in its median house price over the last decade, Perth’s median house price growth was just 3.8% over the same period. This was also well below the growth in all other states and territories (the next lowest growth was Brisbane with 37.3%).

So what caused such a great divergence when the two markets started at a similar price level a decade ago?

Essentially it boils down to the very different economic drivers between the two cities – some would say the two cities are as different as chalk and cheese in this regard.

Perth was heavily reliant on the mining sector while Sydney has a more diversified economy. So Sydney was not as exposed to the changes in commodity prices as Perth was. However as a typically more indebted city, Sydney was “more sensitive” to interest rates.

Ironically, Sydneysiders can largely thank Perth for the low interest rates that ignited the east coast property boom (because mining was largely propping up the Australian economy the RBA reacted by slashing interest rates when the sector went bust in WA).

Today Sydney’s booming house prices are starting to moderate, while the Perth property market has started to show signs of stabilising as indicated in the June quarter results.

Real Estate Institute of WA (REIWA) President Hayden Groves said, “We’re certainly not experiencing the steep declines across the board we once were. Although no one can accurately ascertain the future of the property market, the signs are there that we have finally found, or are very close to finding, the ‘floor’ of the market.”

Click here to read the full story.


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Auctions outperform private treaty sales in Perth

by ShelMarkblog In Uncategorized

31 July 2017

Are you struggling to sell but wary about giving an auction a try?

New data just released by the Real Estate Institute of WA (REIWA) may cause you to take a closer look at the auction process.

According to the data for the three months to June it was 42 days faster to sell by auction in the Perth metropolitan area than by private treaty.

While auctions still only represent a small percentage (just below 2%) of the local property market, those who chose auction from April to June 30 experienced significantly faster selling times. This suggests that Perth buyers are becoming more open minded to the auction process.

REIWA President Hayden Groves said, “On average, it takes around 70 days to sell by private treaty in Perth, but sellers who go to auction are achieving sales in as quickly as 28 days.”

Standing out from others is crucial when you are selling, particularly in challenging markets like the one we are currently experiencing in Perth.

“Selling at auction has plenty of benefits for the vendor,” said Mr Groves. “A short but high profile marketing campaign brings serious buyers to the forefront quickly.”

What if your property fails to sell under the hammer?

If this happens you can continue to negotiate a purchase price with all interested buyers after the auction using the private treaty method.

Auction sales in Perth peaked in December 2016, lifting to 2.31% of total sales activity in the metropolitan area for that month, before returning to just below 2% by March 2017.

“Auctions are still relatively unfamiliar to West Australians, but you only have to look to the East Coast, particularly Sydney and Melbourne, to see how successful this method of selling can be. I encourage WA sellers to speak with their real estate agent about whether auctions are the right fit for them,” said Mr Groves.

At Shelmark we work with one of Perth’s consistently best performing auctioneers, Tom Esze. To learn more about selling at auction get in touch with us.


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10 common home presentation faux pas when selling

by ShelMarkblog In Uncategorized

20 July 2017

When you are selling your home and getting it inspection-ready, it is important that you assess your home with an objective mindset. In this regard, it is not dissimilar to purchasing an investment property.

Whether you’re buying a property that needs to appeal to tenants or selling a property that needs to appeal to buyers, it’s important to make decisions with the head, not the heart and ensure you appeal to the widest possible cross section of your target market.

According to leading property stylists, the following are the 10 most common mistakes people make when presenting their home for the market:

1. Not having a house number prominently displayed – it may seem trivial to you, but to a prospective buyer, it’s essential! The last thing you want is a frustrated buyer who couldn’t find your home and ended up buying one down the road from you.

2. Loud, non-neutral bed linen on display – again this may seem trivial, but because the bed is generally the most prominent feature in a bedroom, anything but classic neutral decor on the bed is distracting and can make the room look smaller and less appealing. Make sure your linen is neutral and mainstream.

3. Overcrowded rooms – Having too much furniture in the house will make it look smaller. If you have this issue at home, consider removing some furniture while the home is on the market. Remember to allow for foot traffic and good flow from one room to the next.

4. Pet odours -this can be a real and instant turn-off for buyers. When you live with your pet on a daily basis it can be difficult to detect any unpleasant odour yourself because you get used to it. Ask a friend who doesn’t have any pets (or your agent) to walk through your home and be brutally honest with you. Putting your pet outside on inspection days, opening windows and lighting a few scented candles can work wonders to eradicate and mask any unpleasant smells.

5. Heavy window treatments – Leaving heavy window treatments like drapes and curtains in place can make your home look dark, cluttered and old-fashioned. If the window and outlook permits, it may be best to remove them altogether.

6. Lack of cleanliness – contrary to what some people think, buyers find it hard to ignore unswept floors and a dirty kitchen and bathroom. To buyers, uncleanliness is a sign of a home that has not been well-maintained. Make sure your home is spotless for your home opens.

7. An empty house – believe it or not, but empty rooms actually feel smaller than rooms in which furniture is well placed. As a seller, you want buyers to be able to imagine themselves living in your home and they find it hard to do so when the home is empty. If you have already moved out, property staging is highly recommended.

8. Over de-cluttering – some sellers take the suggestion to de-clutter their home to the opposite extreme, de-cluttering it to the point where it is devoid of warmth and ambience. Find the right balance between space and style and heart and soul.

9. Over-staging – by this we mean doing things like setting the table, complete with linen, fine china and glassware. Setting the table is where creating that inviting, lived in look crosses the line. You don’t want your beautifully set table to be the last impression a buyer leaves your home with.

10. Roadside collection – while buyers understand that you’re getting ready to move house, it doesn’t look good when they arrive and the first thing they see is a mountain of discarded items out the front of your property. Remember, first impressions count.


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New financial year, new rules

by ShelMarkblog In Uncategorized

06 July 2017

It’s a new financial year and as is usually the case come July 1, certain new legislations have come into effect.

We outline the changes that could affect you in terms of your real estate related decisions and actions below.

First Home Super Saver Scheme

Individuals can now make voluntary contributions of up to $15,000 per year and $30,000 in total, to their superannuation account to purchase a first home. These contributions, which are taxed at 15 per cent along with deemed earnings, can be withdrawn for a deposit on a first home from 1 July 2018. Withdrawals will be taxed at marginal tax rates less a 30 per cent offset.

For most people, the First Home Super Saver Scheme could boost the savings they can put towards a deposit by at least 30 per cent compared with saving through a standard deposit account. This is due to the concessional tax treatment and the higher rate of earnings often realised within superannuation.

Many employees will be able to take advantage of salary sacrifice arrangements to make pre-tax contributions.

LRBA (Limited Recourse Borrowing Arrangement) & Transfer Balance Caps

As at 1 July 2017, any loan taken out within an SMSF will be added back to a member’s balance for the purposes of the $1.6m Transfer Balance Cap.

Therefore a single member SMSF for example with $2m in assets and a $1m loan will still be considered to have a member balance of $2m for the purposes of the Transfer Balance Cap. Importantly this restricts a member under these conditions from being able to make non-concessional contributions to their SMSF where they would ordinarily have been allowed to if the net position of the member’s balance was considered.

The rationale behind this decision was to prevent those impacted by the $1.6m Transfer Balance Cap from using LRBA’s to reduce their member balances.

Negative Gearing

While negative gearing remains in place, certain rules have been tightened around what can be claimed; specifically travel expenses and depreciation deductions.

Under new rules, which came into effect on 1 July 2017, depreciation deductions for plant and equipment items such as washing machines and ceiling fans will only be allowed if the investor actually purchased those items.

Investors are also no longer eligible to claim tax deductions for travel expenses related to inspecting, maintaining or collecting rent for a residential rental property.

Residential Tenancies Act

Changes, which are said to deliver greater efficiencies and cost savings, include:

• A simplified process for when a lessor is required to issue a notice of proposed entry to the tenant.
• Notices and documents can now be issued electronically.
• Notices of abandoned goods no longer need to be advertised in a state-wide newspaper.

All sellers must now apply for a Clearance Certificate from the ATO when selling a property for $750k or more

The Foreign Residents Capital Gains Withholding regime changed on 1 July 2017.
The changes include:

• The threshold has been lowered from $2 million to $750,000.
• The withholding percentage has been raised from 10 per cent to 12.5 per cent.
• All sellers will now have to apply to the Australian Taxation Office (ATO) for a Clearance Certificate when the purchase price of their property is $750,000 or more.
• Where the buyer at settlement has not been given an ATO Clearance Certificate by the seller, the buyer must withhold 12.5 per cent of the purchase price and pay that amount to the ATO.


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Wealth & Home Ownership

by ShelMarkblog In Uncategorized

26 June 2017

An article published on http://www.domain.com.au caught our eye this week. According to the article, a recent survey commissioned by the publicly listed mortgage broking firm, Mortgage Choice, found that almost two thirds of us regard the Great Australian Dream of home ownership to be something reserved for the wealthy. An article published on http://www.domain.com.au caught our eye this week. According to the article, a recent survey commissioned by the publicly listed mortgage broking firm, Mortgage Choice, found that almost two thirds of us regard the Great Australian Dream of home ownership to be something reserved for the wealthy.

Victoria is placed behind South Australia and Western Australia, but is still ahead of NSW and Queensland, on the home ownership front. Despite the fact that it is becoming increasingly difficult for some buyers to get their foot on the property ladder, the research demonstrated that property ownership is still the Great Australian Dream for almost all of us.

Mortgage Choice chief executive John Flavell said, “Regardless of how difficult property ownership becomes, people still want to own a home. In fact, our research shows people rate ‘home ownership’ as more of a priority than career success, travel, or having a luxurious lifestyle.”
The study’s findings indicate:

  • Almost a third of Australians reduce their spending in order to save for a deposit on their first property
  • 24% decide to buy a smaller or more affordable property, and
  • 20% aim to reduce the overall expense of purchasing property by buying with friends and family.

Click here to read the full article.


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Can you build wealth through property 10 years from retirement?

by ShelMarkblog In Uncategorized

15 June 2017

If you’re in or approaching your mid to late 50’s and you think you’ve missed the boat to create a nest egg for your retirement by investing in property, you may be pleasantly surprised to learn that all is not lost.

While it generally takes time to build financial freedom and it is a little more challenging the older you are (in an ideal world you would start planning in your 30’s or earlier), it is possible with as little as ten or so years to go until retirement, as long as you play your cards right.

Voted Australia’s leading property investment adviser, Michael Yardney has written an in-depth report on the ins and outs of building wealth through property just 10 years out from retirement.

He uses a scenario of a married couple in their late 50’s who are only just starting to plan for their retirement to demonstrate what can be achieved.

The harsh reality is the majority of Australians won’t retire with enough superannuation to see them through the remainder of their lives. Read this in-depth article for Michael’s tips on how you can turn this around even if you are older.

Click here to read Yardney’s eye-opening article.


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Tips to heat your home without breaking the budget

by ShelMarkblog In Uncategorized

08 June 2017

As the mercury drops it’s tempting to crank up the heating at home to keep warm and cosy during winter. But the last thing you want is to receive a frightening energy bill come the end of the season.

Fortunately there are some budget friendly options to keep you and your family comfortable throughout winter.

Here are a few sustainable ways to heat your home without breaking the budget:

1. Use your window treatments to your advantage – it may sound simple and obvious but many people fail to maximise the warmth generated by Perth’s glorious winter sun by leaving their curtains and blinds closed during the day. Once the sun sets and the temperature drops, closing blinds and curtains will help retain the heat generated during the day and prevent heat loss from heaters through the glass.

2. Close off unused rooms – closing the doors to any unused rooms in your home will ensure that whatever heating you choose in your home, it only warms up the rooms being used. This has the potential to save you a significant sum off your energy bill.

3. Rug up – We are not suggesting you have to wear numerous layers indoors here. By rugging up we are referring to adding rugs to wooden and tiled floors to make the space look cosy and feel warm underfoot.

4. Seal gaps – Identify, repair and fill any gaps in your floors, windows, doors and walls. It’s generally easy to identify where gaps are in your home simply by paying attention to any cold draughts as you walk though. Sealing gaps with putty or sealant you can purchase at your local hardware store will help keep the cold out and the warmth in.

5. Insulate – Although this tip costs more than the others to implement, insulating your roof is well worth the investment. It creates a barrier to heat coming in to your home in summer and prevents heat from escaping in winter. This one change can reduce your energy bill by up to 50% and help keep you comfortable year-round.

 


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Renovating for profit. 6 tips for success

by ShelMarkblog In Uncategorized

01 June 2017

The DIY property renovation craze has been spurred on in a huge way by popular TV shows like ‘The Block’ and ‘Renovation Rescue’. If you want to purchase a house that needs some TLC with a view to making a profit, here are some key tips that will help to set you up for success.

  1. Do your homework – Find out what improvements are the most likely to add dollar value to the style of home you have purchased, the suburb and the current marketplace. It’s important to take the emotion out of the equation and really study the marketplace and current trends.
  2. Remember that it’s not about you – You have bought this home with a view to make a profit from it, not to enjoy living there yourselves. So stay focused on your target market and keep design choices neutral and in keeping with the style of the home.
  3. Stick to your budget– Don’t risk blowing out your renovation budget. Budget like a hawk, especially when renovating for a profit. If you struggle in this department, engaging the services of a professional valuer can help you estimate costs and draft a disciplined budget. Your goal should be to double what you spend.
  4. Keep it as simple as possible– Simple, low cost improvements like a fresh coat of paint, new light fittings, new tapware and door hardware and new bathroom fixtures are sometimes all you need to substantially add appeal and therefore value.
  5. Connect with a good agent in the areas you wish to renovate for profit– Share your goals with the agent so they can contact you with potential buyers from their database and give you tips on what their buyers are looking for.
  6. Build a network of tradespeople – If you are like most DIY renovators for profit you won’t be doing all the work on your own. Invest in a competent team of tradespeople you trust and have rapport with. The agent you connect with may be able to refer you to good tradespeople in the area.

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