Pottsville First National understands how hard it is to keep up to date with some of the local news and current issues affecting our beautiful area. Here are some of the most recent articles.
2/9/2010
DEVASTATING MISTAKES HOMEBUYERS MUST AVOID
We realise that purchasing your first property can be a daunting task, even so when buying your second or third property. There are many things to be considered and according to this article in the ‘Australian Property Investor’ many homebuyers overlook simple factors. Because the stakes are so high, one bad mistake can be financially and emotionally devastating!
According to the article the most common mistakes a home buyer can make are:
1. Assuming interest rates will stay low
2. Underestimating the full costs of buying a home
3. Short Financing periods
4. Not paying your deposit
5. Allowing real estate agents to insert a building inspection condition into your contract
6. Assuming you’ve got bank approval
7. Freaking out at building inspections
8. Going beyond your budget
9. Bedazzled by tarted up houses
Check out this article www.apimagazine.com.au from the ‘Australian Property Investor’ for more information
26/8/2010
EXCITING NEW CHANGES FOR FIRST NATIONAL POTTSVILLE BEACH
This week we have launched a new look! As part of the First National new brand rollout we have changed all our branding. But that's not the only change.... After 20 years of being in our prime central position, it's time we expanded. The team here is very excited to announce we've expanded our Property Management Department into the office next door.
The new Porperty Management office has been decked out with a conference room, extra window advertising space, better online presence, and relaxed inviting customer foyer. The sales Department is still functioning in full swing in the downstairs office, with all the same features, of which will only enhance the services we provide for our customers.
Why not drop in and have a look for yourself, our friendly staff will only be too happy to give you a tour.
19/8/2010
RENOVATE YOUR HOME FOR A PROFIT!
Billions of dollars are spent renovating every year, from humble suburban shacks to blue-ribbon mansions. But we have found a way to renovate your property for a profit! Expert Ana Stankovic is the founder for Winning Formulas for Success and a Renovation coach. Stankovic has designed a seminar coaching keen renovators across the country her formulas for renovation success! Seminars include, time managing money, top money-making renovations, how to renovate for your target market, costs involved and best returns. The one day seminar not only shows you everything you need to know about finding, renovating and making a profit but also gives you access to a panel of experts who will cover any questions or concerns you may have.
Everything you need to know is covered right from the day you start looking for your property to the day you put it back on the market for a profit that will have you grinning ear to ear. For more information on how you can make a profit on your renovation property head to http://www.news.com.au/money/property/how-to-renovate-your-property-for-a-profit/story-e6frfmd0-1225899962339
12/8/2010
COUNCILORS SCALE BACK DEVELOPMENTS
Proposals for three new Tweed developments Cobaki Lakes, Kings Forest, and the Rise at Bilambi, that were set to provide nearly 12,000 homes for the Tweed now face a dubious future after Tweed Shire Council decided the projects needed to be scaled back. According to the Tweed Daily News article, Tweed Shire have told the State Government projects need to be scaled back to less than half their planned size.
It is apparent the council intend on telling the NSW Department of planning that it does not have the sufficient funds to provide planned roads to service the originally proposed population. It seems the Government is to blame, Councilors implying that due to the Government capping the amount of development fees they can charge the developers at $20,000 for each new block of land. For more information go to
5/8/2010
INTEREST RATES ON HOLD
Across the Tweed Coast there has recently been a slight increase in sales activity due to interest rates holding for a third month in a row! Although there has been no indication from the RBA as to where interest rates could head, most economists seem to agree that interest rates are quite likely to remain stable for some time and perhaps even into 2011. This is great news following the release of better than expected inflation data last week.
It seems now is the time top buy following the Central Banks decision to keep the official cash rate on hold. Locally this has already generated a rise in property interest. For more information visit http://www.rba.gov.au/media-releases/2010/mr-10-16.html
19/7/2010
HOME BUILDERS BONUS CREATES FIVE SALES IN THREE WEEKS AT BLACK ROCKS BY THE SEA AT POTTSVILLE
Great news on the NSW Stamp duty rebate! Certainly having a positive impact on the local property market, with a noticeable improvement in land sales since it came into effect on 1st of July. The NSW Home Builders Bonus has been introduced to stimulate the construction of new homes in NSW. The new Rebate provides full exemption on transactions relating to vacant land and off the plan purchases where building has not commenced. However a partial concession of 25% of duty is payable on completed homes or off the plan purchases where the construction has commenced. There is no limit to the number of new homes a person may purchase under this concession.
To be eligible for the Home Builders Bonus the value of vacant land must not exceed $400,000 and new homes must not exceed $600,000. In this case the land prices at Black Rocks by the Sea have been decreased to make all the available land, eligible for the stamp duty rebate. With these new exemptions in place local land sales have been on the rise, especially at the Black Rocks Estate where 5 sales have been made in just 3 weeks after the rebate came into effect. For more information visit http://www.osr.nsw.gov.au
