A N D R EW L O N S D A L E ’ S P R O P E R T Y R E P O R T S UMM E R 2 0 2 2 - 2 0 2 3 Courtesy of Andrew Lonsdale & Ray White Canberra
There is an old piece of investment advice that specifies that you should buy when the market is down and sell when it is up. Whilst sound, even buying at the absolute peak of the market almost always works out in the short term. Consider the worst property market downturn this century. In Sydney following the Global Financial Crisis, the median house price dropped by 17% over a 14-month time period to hit a low in February 2009. Within eight months, they were back at the initial high and price growth continued. Even if you had bought in Sydney at the absolute peak of the post GFC market, in less than two years, you would have been back to where you were and then seen a 14% further increase. It isn’t different this time around. Prices will come off and then they will pick up again. If you think through the fundamentals of property demand, now is a particularly interesting time. On one hand, interest rates are rising rapidly so this restricts people’s ability to borrow. But on the other hand, the fundamentals of property are supporting the market - international migration is starting up again and a construction crisis is restricting new supply. More housing is needed and for now, this is showing up in sharp rises in rents. Sooner rather than later, it will flow through to prices. What we need to remember is that while the economic landscape is a consideration to some people’s decision making, when it comes to a fundamental necessity of life - such as knowing ‘where will I live?’, most people will continue to buy and sell property irrespective of what the market conditions are. Andrew Lonsdale Senior Sales Agent Ray White Canberra WHAT’S HAPPENING IN OUR MARKET?
RECENTLY SOLD BY ANDREW LONSDALE SOLD Undisclosed SOLD $1,200,000 SOLD $1,280,000 SOLD $1,176,500 SOLD $1,315,000 SOLD $1,355,000 3 2 4 1 1 3 2 2 4 2 2 3 1 1 3 2 1 4 EER 2.0 EER 5.5 EER 5.0 EER 1.5 EER 2.5 EER 2.5 50 Jaeger Circuit, Bruce 15 Bandjalong Crescent, Aranda 27 Kilduff Street, Watson 1/36 Moorhouse Street, O’Connor 109 Bandjalong Crescent, Aranda 17 Jarrah Street, O’Connor
FOR SALE BY ANDREW LONSDALE FOR SALE $1,400,000+ Auction FOR SALE $850,000+ FOR SALE By Negotiation FOR SALE $825,000 $2,150,000 SOLD 2 2 3 2 1 5 2 2 3 2 2 4 EER 1.5 EER 4.0 EER 6.0 EER 1.5 591m2 Land 4 Jagara Street, Aranda 4/5 Arthur Circle, Forrest 2/14 Walu Street, Aranda 34 Levien Street, Scullin 14/37-39 Ainsworth Street, Mawson 4 Don Banks Crescent, Whitlam
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Summer brings with it the threat of bushfires. The better and earlier you can prepare a property for bushfires, the higher the chance it stands of resisting and surviving. To improve your odds, here are seven precautionary measures you can take: 1 Keep your garden tidy Mow the grass regularly and don’t forget to remove the cuttings. Clean up fallen leaves and branches, and trim overhanging trees and shrubs. Clear the area around your home and remove any material that can burn, such as mulch, a woodpile or rubbish. 2 Clear your gutters of leaves and branches Leaves and twigs are highly flammable. If your gutters are clean, then the risk of ignition during a bushfire will be considerably diminished. Check and remove all debris from your gutters regularly. If you can, install fire-resistant gutter guards. 3 Seal your house against embers Most homes ignite when sparks or burning embers blow under tiles and start fires in roofing timbers or accumulated litter. Look for and fix or replace any missing or faulty tiles. Seal all gaps, cracks and holes in your roof and walls. Compressed mineral wool insulation is cheap and effective for this. 4 Check and update your smoke alarms The legislation on smoke alarms varies from one state to another, so check what applies to you. No matter the rules, play it safe and equip your home with plenty of smoke alarms as they could save the lives of you and your family. Check them once a month and replace the batteries every year. 7 THINGS TO PREP YOUR HOME FOR BUSHFIRE SEASON 1 2 3 4 5 6 7 5 Prepare yourself with a bushfire plan Before it comes to the worst and panic sets in, make sure that you know how to act in case of an emergency. A survival bushfire plan details every step to take. Try to think about all the choices you would need to make in the event of a bushfire, and decide what the plan is for each situation you would face. 6 Understand bushfire danger ratings and stay alert It is essential that you know and understand bushfire danger ratings. Monitor the conditions in your area, stay alert and be ready to leave if required. You can download apps such as “Fires Near Me” and set up watch zones, listen to the radio, or simply watch the news. 7 Check your home and contents insurance Even if it’s not mandatory, take out a policy that will protect you in case of bushfires. If worst comes to worst, you might need to provide supporting documents when submitting a claim. Take photos of your house and belongings, and scan all your house-related invoices or paperwork. Save everything in the cloud and keep the originals in a safe place, easy to access in case of fire.
YOUR LOCAL AREA EXPERT As very inexperienced home vendors (this was our 2nd sale in 50 years) we hardly knew where to start. Finding Andrew was the first and best thing we did. His knowledge, experience and patience saw us through the stressful time of getting the house ready for sale, and the subsequent marketing campaign. He was well supported by the team at Ray White, and the tradesmen and others he had assembled. These people were not only very skilled, but easy to work with, comfortable to have in our house and did a great job of fitting in with each other when needed. We would especially like to mention Bradley who was quick to respond to any questions and careful to check any details we needed. Sally was always efficient, optimistic and cheerful, and photographer Dave did a splendid job of capturing the essence of the house and garden. Of the ‘outside’ team we specially thank Robert for his patience and great range of skills and Skye who sensitively transformed the house into a very desirable dwelling. Less visible work was done by Phil of Platinum Plumbing, who restored our aging drains. Nothing was too much trouble for any of them, and we felt that all went beyond the call of duty in helping us. As for the marketing campaign, we have only gratitude for all the hard work that went into finding and nurturing the many people who were interested in our home. The end result at auction far exceeded our expectations, and we hope that everyone truly felt the satisfaction of a job well done. We would recommend Andrew and his team unreservedly. We thank you all. ” Vendors - Lyneham Andrew Lonsdale Senior Sales Agent Ray White Canberra 0428 486 692 andrew.lonsdale@raywhite.com teamlonsdale_raywhitecanberra Team Lonsdale facebook.com/andrewlonsdaleraywhitecanberra
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