Violet Mansour | Public figure
Violet Mansour
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25.01.2022 November interest rate announcement: Reserve Bank cuts cash rate to bolster economy SUE WILLIAMS DOMAIN REPORTER NOV 3, 2020 The Reserve Bank of Australia has ...cut the official interest rate by 0.15 percentage points in its first shift since sitting at the already historic low of 0.25 per cent from March. The decision on Tuesday to reduce the cash rate and yield curve targets to a new record low of 0.10 per cent was immediately welcomed by many of the country’s leading economists as a valuable back-up for the government’s budget measures last month to boost an economy staggering from its COVID-19 hit. This is the shot in the arm the economy probably needs in the run-up to Christmas, said Angela Jackson of Equity Economics. There’s been some economic stagnation in a number of states across Australia and this will keep the dollar low, stimulate exports and help get things moving again. There’s been a great deal of discussion about whether banks will pass on much of the rate cut to consumers, but Ms Jackson says there’ll be a lot of pressure on them to play fair. It’s in the banks’ interests that customers start spending again, she said. But they probably won’t pass on the full amount. Low interest rates are good for affordability, however, if coupled with a change in the rules around responsible lending. It’ll enable more people to get into the market. And hopefully it might encourage more people to sell.
23.01.2022 We will remember them
22.01.2022 Upcoming Auction With potential advantages to both owner-occupier and developers When you enter this classic home, your first and immediate sensation is one of space.... Elegant design ideas complement each other and draw admiring looks. Perfectly large and balanced space. Nestled on a consolidated 3 blocks, with an approx. 2,621.4 sqm with room for a full tennis court 4 - 5 bedrooms with built-ins, including A 5-star master suite with 2 walk-in robes. Formal lounge and dining with 2 fireplaces, a wet bar, High ceilings cantilevered stairs, study, guest room, family room & meal area, rumpus room plus lots of parking spaces with internal access to a double garage. There is so much to see.
21.01.2022 Roc Partners offers a $200m veggie glasshouse as sale-and-leaseback Sydney private equity firm Roc Partners is hoping for as much as $200 million for a West Gippsland glasshouse that it is offering with a 20-year leaseback to tomato, capsicum, and cucumber grower Flavorite. The 33-hectare glasshouse stands on a 78-hectare property at 264 Copelands Road, Warragul, about 100 kilometers southeast of Melbourne....Continue reading
15.01.2022 IMPORTANT Information for CERTIFICATE OF REGISTRATION holders. You need to complete a minimum of 3 units of the Real Estate Licence Course by 22nd March, 2021 in order to comply with the requirements of NSW Fair Trading - A MUST WATCH More here: https://bit.ly/3lEXVsc
13.01.2022 Day 1 - Million Dollar Agent Summit Kicking off with Adrian Bo, then onto Jim Penman, Will Ainsworth, The boys from lab Coat Agents in the USA & finishing off with Tom Carlin.... tomorrow is an even bigger day so register here at www.MillionDollarAgentSummit.com.au
08.01.2022 Appreciation To Violet Thank you very much for your help. Wishing you and your family the very best. Angelo & Anna
06.01.2022 Why some buyers are missing out on the $25,000 Home Builder scheme Builders of new homes can get a grant if they meet a list of criteria but those in the indu...stry warn many can't claim the cash. HomeBuilder scheme: Buyers, renovators in Sydney, Melbourne unlikely to meet grant criteria, experts say TAWAR RAZAGH ITWITTER JOURNALIST OCT 1, 2020 Hopeful home builders or renovators in the country’s biggest cities have little chance of accessing the federal government’s HomeBuilder scheme due to its narrow parameters, experts say. Even Australians interested in the scheme in popular regional areas have struggled to get access despite them being able to get cheaper land than their metropolitan counterparts. Major developer Satterley is lobbying the government to extend the program, with hopes high it could be in place for longer. Western Australia and Queensland appear to have become the biggest beneficiaries of the federal grant scheme as new house building approvals figures skyrocketed in both states, up 34.9 per cent and 13.9 per cent in August respectively, according to Australian Bureau of Statistics figures. The $688 million federal government scheme was announced in June in a bid to boost the economy and act as a lifeline to the home construction industry. The scheme offers $25,000 grants to build a new home worth up to $750,000, or start a major renovation costing between $150,000 to $750,000 on an existing property worth less than $1.5 million. An individual’s taxable income cannot exceed $125,000 per annum or $200,000 for a couple, and the clock is ticking for applicants to get in. Related: HomeBuilder scheme: Some home buyers unable to count $25,000 grant towards deposit Related: HomeBuilder grant: Home buyers warned against buying cheaper house packages with unregistered land Related: Calls to extend HomeBuilder grant to save the new housing industry Home builders in NSW have scant customers that meet all the requirements to access the scheme despite it generating huge amounts of inquiry in Sydney’s pricey housing market. GJ Gardner Sydney South managing director Mark Jeffree said not a single customer had qualified for the scheme due to high Sydney land prices. We haven’t had any take-up of it because our clients haven’t met the requirements the thresholds weren’t significant enough in the Sydney metropolitan area, Mr Jeffree said. Meanwhile, GJ Gardner Orange director Fiona Bouffler said the rising cost of land and house contracts as well as land constraints made the scheme unachievable for most in the Orange area. We’ve had a lot more inquiries I only know of two of our clients who applied for it because they met the criteria. I don’t know if it’s actually created more sales for us, Ms Bouffler said. I know a few people haven’t been able to apply because they earn too much. Nigel Satterley, founder and chief executive of the largest private residential developer in Australia Satterley, said the scheme coupled with the West Australian government’s non-means tested building bonus grant had had an amazing upswing of new builds. As a result, Mr Satterley said he was lobbying the state and federal governments to extend their respective grants. We’re working with the government on extending the time to title blocks to the 30th June of next year because of a skills shortage and giving builders until 30 September next year to start houses, he said. In Western Australia, it’s had a huge effect. In Melbourne, it’s helped stabilise the market, ticking over very steadily. The biggest issue in Sydney was a shortage of affordable land but in Melbourne, Perth, Brisbane, it’s been terrific. The peak housing industry’s lobby group Housing Industry Association economist Angela Lillicrap said HomeBuilder had begun to take effect on the west coast but not so much in NSW. HomeBuilder along with the state government scheme has given a lot of people confidence to go out and build, Ms Lillicrap said. HomeBuilder is not as effective in Sydney or it’s a lot harder to meet the eligibility requirements because of the price caps, she said, adding that the state government grant in NSW was not as generous as Western Australia’s. She said the full effect of HomeBuilder would only be realised in building approval figures from August onwards because the portal went live just weeks ago. We’re likely only seeing the beginning of the HomeBuilder program in approvals as well that’s where we’re seeing a disconnect between approvals numbers and scheme numbers. MCG Quantity Surveyor director Marty Sadlier said the scheme had missed the mark in Sydney with builders at the coalface barely benefiting from it. It hasn’t been the stimulus for the building industry that it was supposed to be. They’ve had inquiry but nothing that comes to fruition. It really has fallen short, he said. He said the scheme’s implementation was fairly poor, taking three months for the portal to go live which ate into half of the timeframe needed for someone to access the scheme. The scheme’s requirement for a couple earning $200,000 to spend $125,000 on a major renovation did not add up either, Mr Sadlier said. You’re saying to someone you have to spend virtually what you earn in a year which doesn’t stack up, he said, adding that it was not the true cost of a major renovation. He said according to an assessment of the last 1000 jobs by his firm, the average renovation project cost $37,000. When it came to a limit of $750,000 for new builds, that also did not stack up, Mr Sadlier said. At the time instantly I rang Clarendon Homes in the Sydney area to see which homes would qualify and they had none. As a stimulus they weren’t creating new work, they were supporting work in the pipeline. As of September 11, the federal government’s latest figures, given to Domain, show more than 6000 applications for HomeBuilder had been received across the country. More detailed figures were expected to be released last week. Minister for for Housing and Assistant Treasurer Michael Sukkar said the HomeBuilder eligibility parameters were set to spark construction activity in the second half of 2020 to protect tradies’ jobs. HomeBuilder is protecting the jobs of Australia’s tradies and is providing the support the construction industry needs, as it was designed to do, as we get to the other side of the COVID-19 pandemic, he said in a statement to Domain.
03.01.2022 RBA holds cash rate steady, experts predict November cut The Reserve Bank of Australia has agreed to hold the official interest rate at the historic low of 0.25 per cent at its monthly meeting, but economists are tipping one more cut before the end of the year.
01.01.2022 We are getting ready. An Earlwood Hidden Treasure Upcoming Auction for the 1st home buyers or investors
01.01.2022 Federal budget 2020: What first-home buyers can buy with the expanded loan scheme by JIM MALO TWITTER REPORTER OCT 7, 2020 First-home buyers looking to take ad...vantage of the federal government’s raised price caps for the First Home Loan Deposit Scheme will still need to go to the outer suburbs in the capital cities to buy a house. Tuesday night’s budget announcement revealed the scheme would give another 10,000 first-home buyers an opportunity to get into the property market across Australia with a 5 per cent deposit, but this time they would be required to buy a new home. Caps on prices were also raised by as much as $250,000 and separate limits introduced for regional areas, in the hopes it would stimulate construction and bring about $800 million in economic activity. What can first-home buyers get for their money in their city? EXTENDED FIRST HOME LOAN DEPOSIT SCHEME PRICE CAPS State/Territory Capital city/regional centre Rest of state NSW $950,000 $600,000 VIC $850,000 $550,000 QLD $650,000 $500,000 WA $550,000 $400,000 SA $550,000 $400,000 TAS $550,000 $400,000 ACT $600,000 N/A NT $550,000 N/A Source: Housing Minister and Assistant Treasurer Embed this table Sydney Oran Park NSW 2570 Oran Park NSW 2570 4Beds 2Baths 2Parking View listing In Sydney, a buyer could get a new home for the maximum spend of $950,000 in Oran Park, 45 kilometres from the CBD. Meridian Homes saleswoman Jenny Watson said this price was for a display home in the south-western suburb, and that first-home buyers made up a large cohort of the buyers for her company. They’re always the same, but it’s just a bit of a struggle to get into a home now because prices go up and up, she said. It takes longer to save for a deposit. First-time buyers tended to stick to lower-priced homes near Oran Park, but would shell out more in other areas, she said. About $750,000 to $800,000 is the high range for our first-home buyers in the south-west, Ms Watson said. In the north-west they can buy the higher mortgages because they’re in better jobs. Other listings show new studio apartments for sale in the inner city for $825,000. Melbourne 303/11-15 Brunswick Road, Brunswick East VIC 3057 303/11-15 Brunswick Road, Brunswick East VIC 3057 3Beds 2Baths 2Parking View listing In Melbourne, a three-bedroom apartment is available to buy in Brunswick East at the price cap of $850,000. The apartment on Brunswick Road is four kilometres from the CBD and is within walking distance of parks and shopping centres. The B.E. development is due to be completed this year. Going farther out of the city, buyers would be able to find a new four-bedroom home in Cranbourne for the same price. Brisbane Lot 10 WattleBird Court, Lawnton QLD 4501 Lot 10 WattleBird Court, Lawnton QLD 4501 5Beds 2Baths 2Parking View listing Brisbane’s limit of $650,000 leaves plenty of options available for buyers, with the cap sitting above the median price of $583,000. A new Stroud home in Lawnton, a suburb with public transport access to the CBD 23 kilometres away, comes in at just under $650,000. Similar homes were available in Caboolture and Narangba, too. Stroud salesman Damien Torrens said first-home buyers faced competition in the northern Brisbane markets he sold in. We’re doing a bit of both, a lot of the first-home buyers getting the grant so that’s a big part of it. But then there’s a lot of people looking for acreage, he said. They’re not downsizing but retiring and getting a nice big home on a block. Mr Torrens said the government incentives were encouraging buyers to get the most they could without exceeding price limits. We focus on the specced up and the not-so-cheap-and-nasty stuff, he said. We have more people doing better quality inclusions and higher ceilings. Canberra 20 Allara Street, City ACT 2601 20 Allara Street, City ACT 2601 2Beds 1Bath 1Parking View listing Canberran buyers can get a two-bedroom unit in the city for under their price caps of $600,000, much like Melbourne. A near-completed development at 20 Allara Street is listed for sale at $599,900 and is 200 metres from the city centre and across from the casino. Tasmania 51-52/1B Bournville Crescent, Claremont TAS 7011 51-52/1B Bournville Crescent, Claremont TAS 7011 3Beds 2Baths 1Parking View listing Hobart’s limit of $550,000 leaves few properties available when compared with other cities, but a buyer with that much to spend could land a townhouse in Claremont, nine kilometres from the city centre. The three-bedroom homes are in the North Shore development and are priced between $495,000 to $535,000. The homes are on a peninsula jutting into the River Derwent and have water views. Adelaide In Adelaide, there is much to choose from under the prescribed limit of $550,000. A new home can be bought on Bernards Road, Magill, for $533,253, with a three-bedroom, two-bathroom configuration. Magill is seven kilometres from the city. Perth East Victoria Park WA 6101 East Victoria Park WA 6101 3Beds 2Baths 2Parking View listing Perth, similarly, has plenty for sale below its deposit scheme price cap of $550,000. A new, three-bedroom house just across the Swan River from from the CBD in East Victoria Park is where buyers can expect to find a home for sale for $546,900.
