Smartline Mortgage Advisers, Michael Daniels in Erina, New South Wales, Australia | Loan service

Smartline Mortgage Advisers, Michael Daniels

Locality: Erina, New South Wales, Australia

Phone: +61 414 255 530

Address: Suite 4.25, Level 3, 200 Central Coast Highway 2250 Erina, NSW, Australia

Website: www.smartline.com.au/mdaniels

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23.01.2022 I thought you might appreciate some non-corona virus news. The table below shows the top 20 cities in Australia by population ranking. As you can see, the Central Coast has ranked 10th. What I found interesting is our relatively low growth rate. Most people on the Coast would see this as a good thing, however, this number does has a very big impact on house prices. ... Sydney, by comparison, has more than doubled our % population growth rates over the last 5 years. This may partially explain why their % house price growth has well outstripped the Central Coast. Having said that, our net population grew by 2,190 people last year, which is significant. If we look at this in terms of the average number of people per household (2.3), this growth required an additional 952 housing dwellings to be built (18.3 dwellings every week). I also wonder if the current "work from home" realisation will increase demand for Central Coast housing. Many Sydney siders, cite the biggest drawback to buying a house on the Central Coast is the commute to work. If you can work from a Central Coast home, near the beach, at 2/3rds of the Sydney housing cost, the move would be very tempting.

21.01.2022 First home buyers can still access the Federal Government's First Home Buyer Deposit Scheme. This scheme can potentially save people many thousands and make homeownership a reality

21.01.2022 5 suburbs with 5 very affordable houses - Wattanobi, Summerland Point, Gorokan, Ourimbah & Spencer. https://www.realestate.com.au//central-coast-affordable-p/

20.01.2022 Record Low Fixed Rates. Fixed rates can seem attractive, especially right now, however, they have some pretty significant risks. Please call me on 0414255530 to discuss your options.

17.01.2022 Interesting. This Valuation firm estimates that the Central Coast housing market had hit the bottom.

13.01.2022 FIRST HOME BUYERS. We still have access to some of the federal government's "First Home Loan Deposit Scheme". This means that eligible first home buyers can potentially borrow up to 95% of the property value WITHOUT paying Lender's Mortgage Insurance (LMI) or Stamp Duty.... Here is a potential scenario: $500,000 Property purchase price/valuation + $ 0 Transfer stamp duty (if eligible 1st Home buyer) + $ 2,000 Approximate finance & legal costs = $502,000 Approximate buying cost + $ 0 LMI (if eligible 1st home buyer) - $ 27,000 Cash contribution from buyer = $475,000 Loan amount (95% of $500,000) There is a range of other credit criteria that must be met, however, this scheme may help. Please call me on 0414255530 or email on [email protected] to discuss your options. Michael Daniels

12.01.2022 We have just updated our January & February house prices for the 46 Central Coast suburbs with more than 800 houses. The chart below shows the average of each suburb's median house price. The Central Coast median house price is $644,780 as at the end of February 2020.... The Central Coast median house price peaked back in August 2018 at $679,292. This represents a drop of $34,512 (5.1%). Interestingly, the median house price was $643,295 back in August 2019, so our prices have pretty much stayed the same for 6 months. January to February Results 10 suburbs experienced no price change. 14 suburbs had a reduction in price. 22 suburbs had price increases. August to February Results 1 suburb experienced no price change. 19 suburbs had a reduction in price. 26 suburbs had price increases.

12.01.2022 Now this will be an interesting result. It looks big enough to be an apartment block.

12.01.2022 A good property perspective on the Budget.

10.01.2022 $2,343 per square meter. Very interesting Killarney Vale house.

07.01.2022 Realestate.com, Smartline's parent company, has confirmed that the Central Coast is the most popular regional area in NSW for metro buyers, with beachside suburbs Terrigal, Umina Beach and Bateau Bay showing up as the top searched.

06.01.2022 A pretty good summary, however, we are finding the lenders to be more flexible than the media rhetoric suggests.