Tag Archives: Professionals Real Estate Mudgee

Changes to the NSW First Home Buyers Grant

Mudgee First Home Buyers may be interested to know that the NSW State Government has announced in the recent state budget that the first home buyers grant will be increased from $7,000 to $15,000 as of October 1st 2012. From January 1st 2014, the First Home Owners Grant will then be reduced to $10,000. This is welcome news for people entering the real estate market for the first time, however there is a catch.

The First Home Owners Grant will no longer apply for existing dwellings and will be focused directly on new dwellings. Therefore those who want to buy an existing home should take advantage of the current $7,000 grant on offer before it expires on September 30th 2012.

There have also been changes made to stamp duty concessions with full stamp duty concessions now only available for properties worth up to $550,000 (the current amount is $835,000). From $555,000 to $650,000, stamp duty concessions lessen by 1 percent for every $1,000.

Stamp duty concession for off-the-plan apartments and house and land packages will be scrapped in favour of a $5,000 payment to anyone who buys a newly constructed home and for vacant land purchases, stamp duty exemptions will apply for land valued up to $350,000, and concessions will apply up to $450,000.

The change in property concessions will likely encourage new home buyers to look to new homes over established ones and it has been brought in to help promote property development in NSW.

With all of the changes about to take place in property concessions, it’s important for first home buyers to think about their property needs and either wait for the new grant to come into place if they want to buy a new property, or make movements now if they’re interested in buying an established home.

If you’re a buyer and need assistance looking for homes in Mudgee please don’t hesitate to get in touch with us via our Professionals Mudgee Real Estate office.

If you would like to find out more about First Home Owner Benefits you research information released by the NSW State Government at www.osr.nsw.gov.au/benefits/first_home/.

What Makes A Home Family Friendly?

We quite often hear buyers refer to their dream home as being family friendly, so we thought today we’d clarify just what that means in terms of property searching, because for the most part, property searches are filtered by number of bedrooms, car accommodation, land size and other specific items.

A family friendly home is one that is suitable for one or many children to grow up in, from infancy to teenage-hood. Here are the things that we believe make a home family friendly:

  1. Proximity to desirable schools, amenities, shops and parks. If you’re searching on our Professionals Mudgee website, you can use the ‘Walkscore’ feature on each property to see how it rates for walking distance to different types of facilities including eateries, schools, entertainment, parks, banking, shopping and more.
  1. A family orientated neighbourhood. Talk to your preferred agent about the demographics of the area you’re buying in, having plenty of other families around you can help you build a network of friends and also help keep the neighbourhood safe.
  2. Transport accessibility and car accommodation. They’re not just something that city-dwellers definitely have to consider, here in Mudgee, you may want to consider how your children will get to school and how you and/or your partner will be getting to and from work, as well as how many cars/bikes/caravans/trailers etc you’re going to need to park on your property.
  3. Adequate area for your child or children to play indoors and outdoors. A home with a larger backyard, room for a play set and undercover areas outside, plus a separate rumpus or living area inside may be desirable for families who don’t want to feel like they’re living on top of one another.
  4. Necessary bedrooms and bathrooms. You can’t underestimate the necessity for an additional or separate bathroom and toilet. The more people in your home, the more likely there are to be issues when the bathroom is occupied, so having enough amenities in the home to accommodate everyone is recommended.

One of the greatest things about Mudgee is the fact that it’s hard to find areas that don’t offer family friendly homes like the ones described above. Whilst not all properties will tick 100% of the boxes, you can generally find something to suit your needs by weighing up what you absolutely need in a property and then looking for the added bonuses or budgeting to renovate or add onto the existing property at a later date when the kids get bigger.

If you’d like to chat property or anything “Mudgee”, please don’t hesitate to get into contact with us – Adam and Chandelle Woods, Professionals Mudgee  – 6372 2584.

What’s the Real Estate Market Doing at the Moment?

Locally we know that Mudgee has a relatively strong housing market because of the mining industry’s impact on building, investment, and rental demand. Quite often though, the media reports of Australia’s housing market is not as positive.

Last week, RPdata, one of Australia’s leading authorities on real estate market statistics, reported that the country’s property market is showing signs of stabilising with home values rising 0.2% in March 2012. Whilst this may not seem like much of an improvement, the positive news is that the housing market has not weakened, and our own capital city Sydney, is one of the main growth centres for the current market with home values rising 1.1% in the Jan-Mar 2012 quarter.

Finance approvals have played a major role in the stabilisation, with first home buyers coming back to the real estate market instead of continuing to rent, which we know first hand that weekly rents continue to rise across many parts of Australia, especially in regional towns like Mudgee where the mining industry has had such a significant impact on housing availability.

The RBA has also reported that many mortgage holders are paying off capital on top of their minimum mortgage repayments, which shows that home owners are coping better financially with managing mortgage dept than in recent years.

Overall it appears that Australia’s housing market could start to see a turn around, though when that happens is for the experts to speculate. We’re all for hearing positive news, so we wait in anticipation for more on the movements of the residential housing market – stay tuned!

Mudgee Relay For Life 2012

It’s on again this year; the Mudgee Relay For Life! We’re keen to get as many people involved as we can and whilst there are already a number of registered teams we’d love to see more Mudgee support, whether by way of donations, spreading the word or participation.

The February information evening had a great turnout, and we’d love to encourage anyone who is participating or just wanting to know more about the event to come along the March information session being held on the 7th of March 2012 from 6pm at Club Mudgee Soldiers Club, 99 Mortimer Street. There are monthly information sessions leading up to the event that takes place on the 12th of May 2012.

Early bird registrations are being accepted until the 27th of April 2012 for just $15 per person, and $20 thereafter. The Relay For Life is a great way to show your support for the Cancer Council and the work that they do, as well as see great parts of the Mudgee Region.

To get involved or find out which teams are currently registered, visit the Mudgee Relay For Life page here or to help team “Professionals Real Estate Mudgee” achieve our goal of $1500, you can click here to donate or join our team. We’d love to have your support!

Proud to Sponsor South Africa Trip for Aide Volunteers – Charlotte Berridge & Rebecca Miles

After hearing of Charlotte Berridge and Rebecca Miles’ plans to travel to South Africa to participate in a volunteer program “Reach Out Volunteers” in South Africa to help people in the province of Zululand, we couldn’t help but provide our support.

Being a local duo, the team have both just finalised their second year of university in Bathurst, and will be travelling to South Africa in January to fulfil this opportunity of a lifetime. Charlotte and Rebecca will be helping the volunteer organisation provide essential services such as education at an orphanage and health awareness to third world communities. They will also assist in monitoring and tracking endangered animal species such as elephants, rhinos, leopards and buffalo as part of a WWF funded program.

As uni students, the cost of taking part in a program such as this can be overwhelming and as such, locals such as myself and my sister Chandelle Woods of Professionals Mudgee are helping by offering sponsorship for the trip by providing some of the financial support needed.

We would encourage other local Mudgee businesses to join in the campaign in helping raise the needed funds by contacting Charlotte and Rebecca directly. For more information on the program, visit www.rovolunteers.com.

Want To Win a Christmas Hamper?

There’s nothing to it. You don’t have to buy or sell a house, you don’t have to even have an appraisal or attend an open home. Thanks to the Professionals Community, everyone has the opportunity to win a Christmas Hamper!

This year has been tough for many people throughout the Mudgee community so anything free has to be a welcome addition, especially around Christmas time! So over the next couple of months, Professionals Real Estate offices will be participating in a promotion that will see 90 Christmas Hampers given away to families throughout Australia, and we’d love to see some of them go to Mudgee residents!

Keep your eye out for posters and make sure you share this with friends and family to give Mudgee people the most chances to win! Worth $200 each, the hampers will be given away as part of the “Christmas on the Professionals” campaign with 15 hampers given away each week for 6 weeks, starting on Tuesday, November 15th 2011.

Simply visit www.professionalscommunity.com.au (UPDATE: Link no longer active), enter your details, and you’re in the draw to win one of 90 Christmas Hampers on the Professionals!