Seven Hills Real Estate and news for the local area

This blog is here to give you first hand local information about real estate and local issues in the areas of Seven Hills with a special focus on Toongabbie and Kings Langley.

Got Mould In Your Property? Find Out How To Remove It Yourself

Got mould in your prop­erty? Here is a step by step guide on how to pro­fes­sion­ally remove it for good!   Mould detec­tion in your prop­erty is usu­ally by one of two means; visual or smell. It occurs due to mois­ture prob­lems and poor vent­il­a­tion and is detec­ted as a musty smell or on first appear­ance a speck­ling of […]


Snapshot Of The Australian Real Estate Market

Look­ing at the real estate mar­ket from the buyer’s point of view is a very import­ant key to under­stand­ing the mar­ket. I came across a snap­shot of the real estate mar­ket from a buyer’s point of view info graphic the other day and found it quite inter­est­ing. The info graphic shows that first home buy­ers are out […]


How To Maximise Future Tax Deductions When Renovating

Ren­ov­ate and prosper With shows such as ‘The Block’ and ‘House Rules’ inspir­ing a wave of ren­ov­at­ors, many prop­erty investors have con­sidered whether they too should do some renov­a­tion work to their invest­ment prop­erty. Though investors know com­plet­ing a renov­a­tion will add value to their prop­erty and pos­sibly even increase the weekly rental value, they […]


Things that make you go Hmmmm — NSW Stamp Duty

One of those things that make us all think Hmmm is NSW Stamp Duty. Par­tic­u­larly the duty that is levied on our res­id­en­tial prop­erty. Our trans­fer of stamp duty is based upon a pro­gress­ive tax sys­tem where cheaper prop­er­ties incur a lower rate of tax and more expens­ive prop­er­ties incur a higher rate of tax. Some […]


Have Fixed Rates Hit The Bottom Of The Cycle?

I have noticed an inter­est­ing pat­tern in one of the recent interest rate charts. This is slightly dan­ger­ous ter­rit­ory because the past is obvi­ously not a pre­dic­tion of future rate dir­ec­tions. How­ever, this pat­tern does seem to apply at least since the begin­ning of 2009 (when this data series com­menced). The 3 year fixed rate […]


Property Bubble Crew Hit The Media With Predicting A Crash?

Every time Sydney house prices increase the prop­erty bubble crew hit the media with neg­at­ive head­lines pre­dict­ing a crash. These doom­say­ers may very well be right., how­ever, we feel that there are five key trends that des­troy their cur­rent pre­dic­tions: 1. The median Sydney res­id­en­tial dwell­ing price has increased at an aver­age rate of just over […]


How To Increase Depreciation Deductions for Co-ownership Property

Over half of the depre­ci­ation sched­ules cre­ated are for prop­er­ties that have been pur­chased by more than one owner. Last year, just over half of the depre­ci­ation sched­ules com­pleted by BMT Tax Depre­ci­ation for investors, were for prop­er­ties that had been pur­chased by more than one owner. It’s not sur­pris­ing that prop­erty co-ownership is becom­ing pop­u­lar in and […]


Alert Scam Letters “Non-resident landlord scheme”

Alert to Prop­erty Man­agers regard­ing scam let­ter headed “Non-resident land­lord scheme” Applic­a­tion to receive Aus­tralia rental income without deduc­tion of Aus­tralia tax We wanted to inform and warn you of a scam which is cur­rently being faxed to Real Estate Agents and land­lords. See let­ter below. It is in the form of a fax/letter appar­ently from The […]


Sydney house prices are depressing.….. (part 2)

1.       Life style. How you want to live? House or shoe box? Some people have said “Embrace apart­ment liv­ing. The time of afford­able detached houses is over. I would def­in­itely live in a shoe box with my wifey and some cats,” but oth­ers say “I want a garden and a chook run Not sure I’d be […]


Tribunal Concerning Lucretia Road Seven Hills NSW 2147 Australia

NSW Civil and Admin­is­trat­ive Tribunal (NCAT) NOTICE OF ORDER  julie@elderstoongabbie.com.au File No: RT 12/45196 (Quote in all enquir­ies)   Applic­a­tion to the Tribunal con­cern­ing Lucre­tia Road Seven Hills NSW 2147 Aus­tralia   Applic­ant  Mr WU Respond­ent  Name with­held   On 02-Oct-2012 the fol­low­ing orders were made:   1.         The ten­ant is to pay the land­lord, Mr WU, C/- Elders […]


I Can Find A Tenant Myself I Don’t Need An Agent? REALLY…? (Case study)

You’re prob­ably ask­ing your­self “Mmm…Will I save money put­ting a ten­ant in myself” In the short term maybe, but in the long run your tak­ing a gamble on one of your biggest assets. I can under­stand land­lords try­ing to save money, as costs are always going up and DIY is all the rage.   I was […]

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