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While there are dozens of nasty pests that can have a negative impact on the value of your property, rest assured there are plenty of tried and true methods of getting rid of these unwanted guests.

Your local pest removal company should have a remedy for each of the following pests: ants, spiders, wasps, bed bugs, fleas, mosquitoes, rats, mice, bats, snakes, moths, bees, earwigs, silverfish, termites, cockroaches, millipedes, centipedes, carpet … Read the full post »

From 1 October 2012, the First Home Owner Grant Scheme was replaced by the First Home Owner Grant (New Homes) Scheme. The new scheme only applies to first home owners who purchase or build a new home valued at up to $650,000.

The grant will increase from $7,000 to $15,000 from 1 October 2012 to 31 December 2013 and then reduce to $10,000 from 1 January 2014.

The grant is targeted at … Read the full post »

When purchasing a rental property the potential for capital gain is always front of mind. Capital gains however are not normally realised until many, many years after the purchase date. In the meantime you must service that loan and ensure your investment is protected into the future.

While we wait for capital growth to soar on our investment property, maintaining a low vacancy rate is not only appealing, but essential. Attracting … Read the full post »

The frequency of property damage claims – both malicious and accidental – has surged by as much as 46 per cent in the past 12 months, according to a landlord insurance company.

“These figures challenge the stereotypes that exist in relation to rental property damage,” Terri Scheer Insurance manager Carolyn Majda said.

“There is a widely-held misconception that good tenants won’t cause damage. The figures show that this is far from true.”

The … Read the full post »

Probably easier than you think. It just takes a little thought in advance, and the patience to set things aside.

With summer holidays looming and figures from the Australian Bureau of Statistics already showing householders are increasingly keen on renovations – potentially due to a “batten down the hatches” feeling in the face of the global economic situation, and locally the subdued property market – there’s bound to be a rash … Read the full post »

For some time now, John Pye Real Estate has been proudly supporting Heart for the Homeless.

Founding Director, Leighton Walters, writes “Heart for the Homeless builds the bridge between the real estate industry and the not-for-profit sector by offering a free, quick and easy internet based resource donation service.”

With over 100,000 homeless people in Australia, a difference can be made in these people’s lives – one life at a time.

79,000 Australians … Read the full post »

Recent indications are that buyer activity in the Sydney housing market has improved marginally following a subdued winter. The Bureau of Statistics reports that monthly housing loan numbers are rising and weekend auction clearance rates have lifted recently to about 60 per cent.

The latest Australian Property Monitors median house price data, however, has revealed that Sydney house prices continued to weaken over winter along with those of the other capital … Read the full post »

The relationship between consumer confidence and housing market activity is a topic that we often comment on in relation to the housing market. The importance of a positive consumer mindset is simple; for a prospective buyer to make a high commitment purchase decision like buying a home they need to have a base line level of optimism about their job security, their ability to service a mortgage and the prospects … Read the full post »

Spring is traditionally a busy time in the property market. Approximately 1 out of every 3 vendors believes Spring is the best time of the year to sell a property. Purchasers who have held back in the colder months are coming out to see potential properties to purchase and vendors are looking to sell so they can relocate in time for Christmas.

John Pye Real Estate is experiencing strong demand from … Read the full post »

If you are renting or buying a property with a pool or spa, it is important that you check the pool fencing. This is particularly important if you have young children, or will be having young children over to visit.

Pool fencing plays a vital role in childhood drowning prevention. A fully functional fence with a self-closing self-latching gate, along with vigilant adult supervision is the best way to prevent childhood … Read the full post »

The NSW government will limit full stamp duty concessions to those buying new homes from 1 January 2012.

First-home buyers currently pay no stamp duty on all properties under $500,000 and receive a discount for properties valued up to $600,000. From January 1 next year, the stamp duty concessions will apply only to newly constructed homes, including those built off the plan.

The move is a welcome boost to the spring property … Read the full post »

In this article Property Professor Peter Koulizos compares apartments and houses as possible investment options, so far as capital growth is concerned. He explains that they differ in performance for a number of reasons.
Demand v Supply
For those of you that have studied Economics you might remember that price is a function of demand and supply. In other words, the price of something is based on how many people want it … Read the full post »

It is vital that landlords understand the level of cover offered to them by insurances such as landlord and strata as well as standard building and contents policies.

When it comes to building, strata and landlord insurance, how do you find your way through the maze?
Standard Building & Contents Insurance
Standard building and contents insurance is primarily designed for owner occupiers and is the type of policy that most people have to … Read the full post »

The Berowra Woodchop was a day for the whole community in the surrounding suburbs of Berowra to enjoy and take part in. The atmosphere at the event was full of excitement. There was a huge variety of stalls from craft stalls, cake stalls, local banks, a display by the Rural Fire Service, The Lions Club, organic vegetable growers and plenty of tasty food stalls.

John Pye Real Estate offered free appraisals … Read the full post »

Here are some helpful tips to consider when applying for a rental property:

1. Turn up to the inspection on time so that you won’t have to rush though the property.

2. Treat the property with respect when visiting. Do not slam doors or push anything open with your feet.

3. Submit a neat application. Quite often we receive application forms that are messy, torn, crumpled or have pages / sections missing and … Read the full post »

From the latest results of RP Data’s Property Pulse, 2011 is likely to be remembered as the year of the million dollar property.

Despite below average sales volumes during 2010, the number of suburbs with a median price at or in excess of $1 million increased to 212 suburbs nationwide. The December quarter report showed that over 2010 the number of suburbs with a $1 million price tag nationwide grew by … Read the full post »

When I look at a property, one of the first things I look for is whether there is a floor plan. I am a visual person and like to be able to visualise the space available in a property. Does this sound like you too? There’s a good chance it does. The majority of buyers today want to see a floor plan before they even consider if the property suits … Read the full post »

Australia’s first-home buyers are now six years older than four decades ago, with new research showing average borrowers wait until their 30s before taking on large amounts of debt.

Underscoring the nation’s problem with housing affordability, a new survey of home owners and aspiring first-home buyers shows one in five first-home buyers used more than 50 per cent of their income to service their debt.

The survey, conducted by mortgage insurance provider … Read the full post »

With so many people now turning to the internet to do their house hunting, professional property photography has become the standard in property marketing. Buyers expect to see visual content when searching for their dream home. When people look at the property photos in a listing, they imagine themselves living in that space. Will potential buyers imagine themselves in the house that an agent has snapped on his 2 megapixel … Read the full post »