The Centralian advocate Fri 25 May 2012
Centralian Advocate; NewspaperNT
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Community newspapers -- Northern Territory -- Alice Springs; Tennant Creek (N.T.) -- Newspapers; Alice Springs (N.T.) -- Newspapers.; Australia, Central -- Newspapers
Nationwide News Pty. Limited
v. 65 no. 103
Copyright. Made available by the publisher under licence.
Nationwide News Pty. Limited
Centralian Advocate, Friday, May 25, 2012 27 P U B : C A D V D A T E : 2 5 -M A Y -2 0 1 2 P A G E : 2 7 C O L O R : C M Y K Located at 3/28 Railway Terrace PH: 89 522 849 FAX: 89 527 724 Email: Reception@prestigealice.com.au Website: www.prestigealice.com.au 4 6 4 7 0 5 /1 2 Sienna Apartments: Fully renovated, 1 Bed 1 Bath furnished unit, pool in complex, undercover parking. $310 p/w 1/1 Kempe St: Neat 2 bed 1 bath unfurn townhouse, split a/c in open plan living/dining & main b/room, private c/yard. $385 p/w 2/18 Lyndavale Dr: Immaculate 2 bed 1 bath unit, full security screens, new kitchen, near new carpet t/out. $395 p/w 5/20 Taylor St: Neat and tidy 2 bed 1 bath unfurn townhouse extra d/stairs toilet, spacious c/yard, single carport $400 p/w 20/6 Caterpillar Ct: Recently painted 2 bed 1 bath furnished unit, new carpet with split a/c t/out, single carport. $500 p/w 6 Keckwick Ave: Well-presented home 3 bed 2 bath, pool, modern kitchen, 2 living areas, garage, gardener Inc. $650 p/w 16 Reus Ct: Executive 3 bed 2 bath house with 2 living areas, great kitchen, dual garage, rear veranda, gardener Inc. $680 p/w Fair warning for private landlords Andrew Winter Andrew Winter Ido not want to cause panic among ourMum and Dad investors as I am writing about an issue that has begun as a slight rumbling in the UK. But we dont want anyone to get any ideas here, so I thought a heads-up may be worthwhile. For the private housing rental sector here in Australia, there are filing cabinets full of legislation to protect tenants and even the odd folder for the landlord. True tenants should have rights, especially from landlords who insist that as it is their property and they should be able to check it over, fail to repair and generally drive the tenants up the wall because they pay the mortgage and rates. However, landlords should be supported too and be able to act against tenants who fail to pay rent or damage the property. The issue in the UK right now relates to a landlords clear rights to evict if the terms of the lease are breached by the tenant. The matter has been highlighted by the UK-based Residential Landlords Association. Logic should play a part here that if a tenant pays no rent for a period of time, receives the correct, clear warnings, remains in arrears and then makes no effort to pay, well honestly, it should be bye-bye to that tenant. After all, in every other facet of our modern lives, non-payment means a penalty. However, there is a legal case in the UK where a social tenant (a tenant housed by the local council) fell into substantial arrears, Council tried to evict but the case made it to the Supreme Court, where the tenant claimed the council could not evict her under Article 8 of the European Convention of Human Rights, claiming it breached her rights to have respect for a persons home. The court ruled that the council (landlord) had not considered if it was proportionate to evict, therefore the dear tenant could go back home. I did look up the word proportionate but it didnt really help. The logic for this ruling is madness as the word seemed to mean fair on both sides. Yes, the courts ruling may have been fair for the tenant, but fair for the landlord? The really scary part is that there is now a case pending from a private tenant claiming against his landlord under the same legislation. And the legal opinion is undecided as to whether this ruling could apply to the private rental sector in the UK. We live in a small world, and while Australia is not Europe, we do follow similar conventions around human rights even though it seems these rights usually fail to help the real genuine people they are created for and just annoy the rest of us. So next time you are talking to your local MP make sure they know about this and analyse our legislation to ensure a totally unfair ruling, such as this, will never hit our shores. If it did, the private rental sector would shut up shop. n Andrew Winter is a real estate consumer champion and the host of Selling Houses Australia on The LifeStyle Channel. Tips to create illusion of more space in home Juliet Love Juliet Love The first thing mostbuyers do before they start looking for a home or investment is create a wish list of requirements and desires that fulfil their and their familys needs. More often than not, one of the most important requirements on those lists is more space, and rooms that serve more than one purpose. The reason for this is that we are doing more from home these days apart from raising a family. Many people now work from home and are entertaining at home so have more requirements than in times past. Interestingly, urban living means that many people are doing all of this in smaller spaces. Therefore, to appeal to the broadest range of potential buyers, your internal rooms should be multi-purpose, streamlined and cleverly designed to create a spacious feeling. But how do you create this in your home? Think about how the various spaces in your home are being utilised currently, and how you can make some changes to restructure your rooms to make them more practical. Can the nursery become a nursery/home office? Is the spare room set up to accommodate guests? Or is it a dumping ground for the family? I have certainly been to many homes where this is the case. And its understandable, with the busyness of everyday life, clutter seems to appear out of nowhere. The first thing to do is remove that clutter. It only serves to distract buyers from seeing the true beauty, or potential, of your home. Use storage boxes to store things away, and be brutal. The idea is to create a clean, modern space that will appeal to the most buyers. Another effective way to create the illusion of more space, without going to the expense and trouble of knocking down and rebuilding walls, is to use colour and light. The rule of thumb is that light colours such as white, cream and pale beige make a space appear larger. Increase both natural and artificial light sources where possible, as this light will bounce around the room and again create the appearance of a lighter, brighter, larger home. n Juliet Love is a stylist and interior designer and runs her own business called Love Style. Location is key The Kerrigan family in a scene from the Australian movie The Castle about a family who fought for their home The real estate agent inAussie film The Castle famously tells the Kerrigans a home is all about location, location, location. Neville Sanders, Victorian state manager of strata management company Whittles, agrees location is crucial. He said: Everybody recognises the closer you get to a CBD, the potential for capital growth is much greater. Location is very important but its tempered by peoples capacity as to what they can afford. People tend to buy in an area they can afford. They may upgrade or add to their portfolio or trade up as time goes by. Look for a property that has easy access to schools, shops, public transport and hospitals. Naturally, there are pros and cons with both house and unit properties. A house comes with maintenance of its grounds and the building itself, and a unit has body corporate fees that will enable this to be taken care of for you. Mr Sanders said: With a unit, the garden is done and the roof, for example, may be maintained by the body corporate. The body corporate will often arrange the insurance, which is generally cheaper than taking a stand-alone policy on a house. So it goes both ways for each type of investment. A home on a larger block may have potential to subdivide. And when choosing between a house or unit, Mr Sanders said: neither is right nor wrong. If someone is used to apartment living, theyll readily buy an apartment as an investment. If someone has only ever lived in a home, they may find it difficult to relate themselves to anything other than buying a home. Buyers agent Meighan Hetherington, of Property Pursuit, suggested getting advice on what type of property, new or old, but said there are many things to consider. She said: With a new property, you have the maximum amount of depreciation you can claim, which can help with cashflow and tax benefits, and the higher yield and income that comes with more tenant-friendly features. Often those older properties have character thats sought after and thats really hard to replicate in the newer properties. Ms Hetherington said buyers should understand their goals to determine whether to opt for new or old. This includes your time-frame. Holding a property for less than five years will make it difficult to achieve capital growth in such a short period. On top of the standard costs of buying a property, think about extra expenses that will creep up after making a purchase. AMP financial planner Dianne Charman said there were many other factors to be considered. She said: Make sure you budget enough for rates, insurance and general repairs. Do what you can to prevent costly maintenance issues arising, such as replace ageing taps. Maintenance costs can add up, too, so its important to keep on top of them, particularly with older-style buildings that often require more attention. n From www.news.com.au
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