Century 21 Port Douglas Blog

Properties Banks Don’t Like



Company title- Instead of a strata title, an apartment might be on a company title, which means a company owns the block and each apartment is considered a share. Investing in a company title property means you become a shareholder in the company and do not own the land directly. Banks deem these harder to sell because new buyers are more likely to be put off by not owning their own land


Heritage listed- Banks believe heritage listed property is a bad security, because rules prevent owners from altering the property to add value and therefore makes it harder to sell


Hotel/motel conversion- Sometimes a hotel will be bought, closed down and converted into individual units. Lenders view them as tough to sell because they maintain their hotel feel


Leasehold- Sometimes a property comes without a title and a borrower actually buys it on a long-term lease from the government. An example of this is Woolloomooloo Wharf in Sydney, where the properties are over water instead of land, so there is no title. Despite the fact that the government leases are usually close to 100 years, many borrowers still prefer a freehold arrangement


Rural zoning- Out of town properties, such as farmhouses in rural locations, attract a smaller pool of buyers than those in residential zones. Most lenders will also only go to around 60% LVR, because it is too hard to get mortgage insurance.


Source: Your Investment Property Magazine




Posted in Australia, Australian Home Buyers, Australian Homes, Banks, Century 21, Century 21 Port Douglas, Home Ownership, Investors, Port Douglas, Property Investor, Property Port Douglas, Property Tips, Property Values, Propety Prices, Real Estate | Tagged , , , , , | Leave a comment

De-amalgamation update – Meeting with Minister

Representatives of FODS had a successful meeting yesterday with the Minister for Local Government, the Hon. David Crisafulli. The Minister did not dispute that a new Douglas could be viable, and, in fact, re-iterated that we had been given the opportunity to vote on the issue because he believed we could be viable. He also reiterated that the QTC modelling did not automatically mean a massive rate increase to rate payers as every council can cut it’s cloth to suit, a message that FODS has conveyed all along.

There were also discussions in relation to the de-amalgamtion process should the vote be positive. An independent interim “CEO” would be appointed by the minister to oversee the transition process with elections being held in November this year and a new Douglas Shire Council to commence governing from January 2014. The first Council term would be for a two year period only to bring Douglas back into line with the normal local government elections cycle, i.e. 2016.

The Minister also assured us that should the vote to de-amalgamate be positive that he will give his unqualified support and would make every endeavour to guarantee that a new Douglas Council would work.

We have had a great response to the call for volunteers both before and on polling day but we still want to have as many people as possible to be able to help…so if you can offer any time at all either for pre-polling or on the day of the vote please let us know.

Finally, we still have a few weeks of ads to pay for and some other costs to attend to so, once again…please, if you can help us with a donation, however small, please contribute to our fighting fund!

Friends of Douglas Shire: Bendigo Bank – BSB 633 000 A/C 134706621

Kind regards,
Robert Hanan

Friends of Douglas Shire

Email: info@friendsofdouglasshire.org
Web: www.friendsofdouglasshire.org
Facebook: Friends of Douglas Shire

Robert Hanan – 40988280
Michael Gabour – 40993667

Posted in Century 21 Port Douglas, Council Rates, Daintree, Daintree National Park, De-Amalgamation, Far North Queensland, FODS, Port Douglas, Property Port Douglas, Queensland, Uncategorized | Tagged , , , , , , , | Leave a comment


Century 21, the largest real estate sales organisation in the Asia Pacific region, believes that the decision by the Reserve Bank of Australia to keep interest rates on hold at three per cent, will likely encourage the national housing market by continuing to make finance and refinance options attractive to buyers.


“At its first meeting for 2013, the Reserve Bank elected to keep interest rates on hold, following four rate cuts last year that clearly had a positive effect on the national housing market,” said Chairman and Owner of Century 21 Australasia, Charles Tarbey.


“Century 21 is starting to see some green shoots appearing in the residential property market and this decision, combined with other attractive buying conditions, bode well for the market in 2013.


“This decision will likely help to keep Australia’s housing market on a modest growth trajectory, and also give the Reserve Bank more scope to cut rates should conditions deteriorate in the coming months,” concluded Charles Tarbey.


As part of its decision, the Reserve Bank reasoned that it was prudent to leave the cash rate unchanged in light of recent economic information, the expected rate of inflation and the fact that there had been a substantial easing of monetary policy in recent decisions.


The Reserve Bank’s decision follows the recent release of RP Data-Rismark’s Hedonic Home Value Index results, which showed that median home values in capital cities rose 1.2 per cent in January, taking the annual movement in dwelling values back into positive territory with a 1.8 per cent increase over the past twelve months.


Posted in Australia, Australian Home Buyers, Australian Homes, Banks, Interest Rates Australia, Property, Property Investor, Property Port Douglas, Property Values, Propety Prices, Real Estate | Tagged , , , , , , , | Leave a comment

Tips For Creating A Guest Room/Home Office

Having a home office and guest room are luxuries many of us can hardly afford in smaller homes or apartments. It almost makes perfect sense for an infrequently used guest room to work double duty as a home office. But how do you mix the two rooms without overwhelming the space and making it a mess? Read our tips as well as share your own on how to peacefully merge the two.


Clean up

We understand that a home office needs a workspace and more often than not it becomes a mess of papers, mail, notes, important documents, and who knows what else is swamping our desk (I’m sighing while I look at my own mess of a desk right now). Even if you need to make a mess while you work, make it easier on yourself to tidy up before guests arrive by having a good organization system. Take advantage of a nearby shredder,

Keep the clutter down.

While you should always clean up before guests arrive, keeping yourself organized is the easiest way to avoid a mess in the first place. You can make organizing fun with great organizers and tools. Tuck wireless printers and other infrequently used devices into closets and drawers (but don’t forget to leave some closet space for guests when they do swing by). Get inspired by some beautifully organized spaces and tackle your own space now.

Minimize the impact of a huge bed.

A bed is usually the largest object in a room. Given a small 10×10 room, a queen size bed might take up a third of that floor space. For something that’s rarely used, that can be quite a big waste of space. Downsizing your bed (single/twin/double/full) saves you more than a few precious square feet. Also consider while a bed placed in the middle of the room might look nice it’s often wasting even more space with unusable floor area on the sides. We suggest going with a daybed tucked against a wall to make the most use of your space.

Allow a television into your office

While we wouldn’t normally condone a television set in the office as a major source of distraction from getting work done, the space is also going to be used for guests. And sometimes those guests just want to retreat to their room and watch some TV away from you and your kids and dog and everything else that a hotel room would have shielded them from. So provide a TV and let them kick back and relax. Kudos if your computer monitor serves double duty as the television screen!

Be a good tech host with plugs, chargers, and more

Make it easy on your guests to charge up, access the internet, and more. This also helps keep your guests from having to move around your furniture looking for plugs and making a general mess of your carefully crafted setup.

Source:  www.apartmenttherapy.com



Posted in DIY HINTS, Port Douglas, Property, Property Port Douglas, Property Tips, Real Estate, Renovation, Uncategorized | Tagged , , , , , | Leave a comment

Annual Change In Captial City Dwelling Values

Capital city home values have fallen by -0.4% throughout 2012

• Across the capital cities, property values have fallen by -0.4% over the 2012 calendar year, following a -3.8% fall in values in 2011.

• Melbourne has been the weakest capital city market over the past year, recording a -2.9% fall.

• Darwin, Sydney and Perth have all recorded value increases over the year.





Source: Rp Data

Posted in Australia, Australian Home Buyers, Australian Homes, Banks, Century 21, Century 21 Port Douglas, HIA, Home Ownership, Housing Affordability, Housing Data, Interest Rates Australia, Investors, Port Douglas, Property, Property Investor, Property Port Douglas, Property Values, Propety Prices, Real Estate, Rp Data | Tagged , , , , , | Leave a comment


Try these DIY tips to make home renovation and decoration easier.


1.   Don’t waste water by washing paintbrushes and rollers in between coats. Instead, wrap tightly in plastic cling film and they will stay moist – even overnight.

2.   Teasing a thread free and then pulling completely out from cotton and linen fabrics will create a straight line that you can follow to cut.

3.   Fix a squeaky door by sprinkling talcum powder on the hinges. This also works for squeaky floorboards.

4.   Use baby oil to remove paint from your skin.

5.   Add two teaspoons of vanilla essence to one-and-a-half litres of paint to reduce overbearing paint smells.

6.   Make threading a needle easier by squirting the thread with hairspray to make it   stiff.

7.   To remove old paint stains, soften with linseed oil and then wipe off. For tough stains, use a razor blade and scrape off.

8.   Use double-sided tape to stop rugs from slipping.

9.   Dip scissors in boiling water to make it easier to cut through delicate fabrics.

10.   Use dental floss to quiet a dripping tap until you can get it fixed. Tie one end of the floss around the tap and the other end of the dental floss down the drain. The drips travel along the thread instead of dripping into the sink.

11.   To prevent paint dripping onto the floor, glue a paper plate to the bottom of the paint can. The plate should be five to eight centimetres wider than the can so it can catch drips.

12.   To cover scratches on wood furniture or floorboards, make a thick paste of instant coffee and a little water. Rub it into the nicks and scratches. You may need to apply several layers before the scratch is covered. Allow to dry, and then apply a layer of furniture polish. Shoe polish is an excellent alternative and comes in a variety of colours.

13.   To prevent screws from coming loose, put a drop or two of clear nail polish into the hole before you finish tightening the screw.

14.   To remove small dents in unvarnished wood, wet the area with a small amount of water then cover with brown paper and apply a hot iron for a short period. The heat evaporates the water, while the steam expands the squashed wood fibres back to their original level.

15.   To keep paint fresh, add four tablespoons of methylated spirits, seal and store. Do not stir until using paint again.

Source: www.homelife.com.au


Posted in Australian Homes, DIY HINTS, HOME MAINTENANCE, Home Ownership, Port Douglas, Property, Property Tips, Real Estate | Tagged , , , , , | Leave a comment

De-amalgamation Q & A Luncheon



To assist fellow citizens in our community to understand the issues, the costs and the benefits I have organized a meeting/forum for people to attend, ask questions and contribute.

DATE: 12 NOON, THURSDAY 24/01/2013








Guest will speak briefly to us, then open the meeting up to questions.

The aim of this meeting is to be informed and for us to support the path forward to ensure we vote to become de-amalgamated.


RSVP: By Monday 21st of Jan 2013, to Phil Holloway

EMAIL: phil@c21portdouglas.com.au

MOBILE: 0419 419 419


Please forward this invitation on to your friends who may wish to attend.


Posted in De-Amalgamation, Port Douglas | Tagged , , , , | Leave a comment

Attractive Buying Conditions For 2013

Australia's Real Estate Market 2013

Australian Real Estate Market 2013

Century 21, the largest real estate sales organisation in the Asia Pacific region, believes that 2012 saw a general stabilisation in Australian residential property prices which in turn may provide a strong platform for moderate growth in 2013.


“Century 21 believes that low interest rates, good stock levels and recent price stabilisation in many Australian property markets may, in combination, lure many buyers into the market in 2013,” said Chairman and Owner of Century 21 Australasia, Charles Tarbey.


“The Reserve Bank’s four interest rate cuts last year should encourage the market, and with more cuts potentially on the cards, yields on many property investments may further improve which could also lead to a lot of new buying activity from property investors.

Australia's Real Estate Market 2013

Australian Property 2013


“However, the fragility of the global economy and local consumer confidence will likely be key impediments to the market achieving the type of growth we saw pre-GFC.


“While each individual market should be assessed on its merit, there would appear to be many prevalent market conditions that may prove to be very attractive to buyers in 2013,” concluded Charles Tarbey.


RP Data-Rismark recently released their end-of-year housing data for 2012 which showed that capital city dwelling values eased 0.3 per cent in December, to be down 0.4 per cent over the year.


The company noted that while capital city home values remained 5.7 per cent lower than their historic highs of November 2010, dwelling values were up 1.8 per cent from their low of late May 2012.


Posted in Australia, Australian Home Buyers, Australian Homes, Banks, Century 21, Century 21 Port Douglas, Port Douglas, Property, Queensland, RBA, Real Estate | Tagged , , , , , | Leave a comment

Report identifies possible reforms to achieve housing solutions

Should you invest your hard-earned cash in house on a quarter acre block, or a low-maintenance apartment in the city? It’s the age-old question that plagues property investors across the nation, and as is often the case when it comes to real estate, there is no clear-cut answer.



“The question itself is not as simple as it sounds, as there are so many factors that determine profitability,” says Elisa Townsend from thefinanceteam.com.au. “When I look at a property for myself I tend to go for houses, mainly due to the development potential. If I get a decent block in a growth area then there is the possibility of developing the site –even if only to the point of a dual occupancy – and increasing the yield.”


However, this is not necessarily a blanket strategy that applies to all investors, she warns. The long-held argument for houses over units has been largely drawn from the belief that “the value is in the land”, as land appreciates and buildings deprecate, and therefore houses are always the premium option. But Townsend says there are many factors to weigh up.


“That approach depends on location, the local council development regulations and the potential growth for the area,” she explains. “You also need the ability to maintain the property and rent it consistently – after all, what is the point in having a house with land if you can’t rent it and therefore cannot hold it?”


When trying to decide between houses or units, she suggests that you evaluate your options based on “the quality factor”. This means investing in the best quality property you can afford within your budget – regardless of whether it’s strata titled or standalone. “In regards to units, you need to pick quality developments in quality areas with a good agent, as this provides a desirable property to tenants,” she says. “This translates to maximised rental returns and minimal vacancy rates, which maximises your income.”

Source: Your Investment Property, www.yip.com.au



Posted in Australia, Australian Home Buyers, Australian Homes, New Homes, Port Douglas, Property Port Douglas, Property Tips, Property Values, Propety Prices, Queensland, Rental Market | Tagged , , , , , , , , | Leave a comment

Mortgage Arrears Continue To Fall

Mortgage arrears have fallen for the second consecutive quarter, a welcome indication that Australia’s property market is remaining solid amid global financial turmoil, but there’s some even more good news.


According to the latest Fitch Ratings Dinkum Index for the September 2011 quarter, the number of mortgages that are in arrears by 30 days or more decreased by 0.17% to hit just 1.52%.


This downward trend is expected to continue into 2012 thanks to back to the RBA’s back to back interest rate decreases in November and December this year, said Fitch Structured Finance team analyst Courtney Miller.


When broken down into categories, the largest drops in mortgage arrears were in the 30-59 day, and 60-89 day brackets, while the number of mortgages that were 90-plus days in arrears saw the smallest decrease – dropping from 0.67% to 0.63% over the quarter.


Source: Your Investment Property




Posted in Mortgages, Property Investor, Property Port Douglas, Property Tips, Property Values, Propety Prices, Real Estate | Tagged | Leave a comment
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