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Parkes Phoenix

New Break Fees For Fixed Term Agreements

July 17, 2020 By Maggi Barnard

Changes to the Residential Tenancies Act came into effect on 23rd March this year. Today I thought we should discuss the new break fees for fixed term agreements.

When a tenant signs a lease, they should be committed to staying for the entire fixed term, otherwise the tenant may need to break their fixed term lease which will incur a penalty. This is called a break lease fee.

For tenants that have signed a lease from 23rd March onward, and the lease is for a term of three years or less, their break lease fee will be calculated based on what stage of the agreement they are in.

• Four weeks rent if less than 25% of the agreement has expired.
• Three weeks rent if 25% to 50% of the agreement has expired.
• Two weeks rent if 50% to 75% of the agreement has expired.
• One weeks rent if 75% or more of the agreement has expired.

For example, if two months of a six-month tenancy agreement has expired, that would be 33% of the lease term. Therefore, the tenant would need to pay a fee equal to three weeks rent to the landlord to end their agreement early.

However, if the tenant signed the lease before 23rd March, before the new legislation came in, these fees are not applicable to them. These tenants would still be bound by the former agreement rules.

For more information go to the Fair-Trading website or alternatively, contact us at Century 21 Central West.

Renting Privately Versus Using An Agent

July 10, 2020 By Maggi Barnard

Today we are discussing the advantage of using a real estate agent to manage your rental property. Private landlords often feel like agents don’t offer good value for money. They might have had a bad experience with an agent, and feel they are better off doing it themselves.

As agents we are often called to assist private landlords when things turn sour between tenants and themselves. The tenant might have fallen behind with rent and the landlord doesn’t know how to address the issue, or the tenant is not maintaining the property. Quite often we step in as the third party, negotiate, and find solutions. This is where our experience and knowledge of appropriate legislation pays off. We are used to handling all kinds of tenancy related matters, and have the time and energy to commit to it.

We aim to minimise costs for the landlord with professional management and avoid costly bills that they may incur if things go wrong. At Century 21 Central West, we have an experienced team dedicated to the fields of leasing, managing, and maintaining rental properties.

Leasing is the initial letting of the property, from advertising to qualifying tenants prior to letting them have the keys. Managing includes collecting rent on time, ensuring all required documents are completed and keeping up to date with legislation. We also have a routine inspection manager and are proactive regarding repairs and maintenance required.

If you are considering using the services of an agent, contact us at Century 21 Central West for our Landlord Information Package. Email tara.kelly@century21.com.au or call 0418 465 407.

Fair Wear And Tear

July 3, 2020 By Maggi Barnard

We have had many tenants moving in and out of properties recently, and I thought it a good time to clarify what the term “fair wear and tear” means.

When it comes to Residential Tenancy Agreements, fair wear and tear means the normal deterioration of a property over time from ordinary, everyday use.

Some examples of fair wear and tear consist of faded curtains, frayed cords, furniture indentations and traffic marks on flooring, scuffed wooden flooring, faded or chipped paint or movement cracks.

Some examples of what is not fair wear and tear are missing or torn curtains, large marks or holes in walls, significant damage to flooring such as stains or burn marks, badly scratched or gouged wooden floors, unapproved paint jobs, burns or cuts in benchtops, and damage caused by pets.

The tenant is responsible to rectify any negligent, irresponsible or intentional actions that cause damage to the property. These are things we look for during our regular routine inspections rather than just waiting until the end of the tenancy.

Should we discover that there are some items that need to be rectified, we will address this as soon as possible to achieve a suitable solution.

Alternatively, if it is the end of the tenancy and damage is noted on the outgoing inspection, we will claim the tenant’s bond to reimburse or compensate the landlord for this.

For more information on this topic please feel free to contact the Century 21 Central West team today.

Talking Real Estate – with Tara

June 19, 2020 By Maggi Barnard

When looking at renting out a property there are a few things that can mean the difference between a successful investment, and a real estate nightmare.

It is crucial to have a property manager who stays on top of maintenance and has a great relationship with local tradespeople. When looking for a property manager, investors should look for one that is going to maintain the property, so the quality remains.

Consistency and integrity during regular property inspections, clear and concise communication with owners about the required repairs, as well as proactively organising repairs with tradespeople, are just some essential requirements of a successful property manager. Leaving repairs for an extended amount of time only creates larger problems, so we work to identify anything that needs doing and try to organize repairs as soon as possible to avoid further issues.

At Century 21, Tara and her team keep property owners updated throughout the repair process, ensuring the work has been done and to a high standard and sending images of the completed work for peace of mind.

The Century 21 property management team has an excellent relationship with local tradespeople which makes all the difference when getting the job completed to a high standard and in a suitable time frame. For investors to be certain that their property is well looked after and that the value of their property continues to increase, look no further than Tara and her team at Century 21 Central West. For more information about how the property management team at Century 21 can assist you with your investment property, please feel free to contact us today!

 

Glenroy – Fantastic Fattening Country

September 6, 2018 By Maggi Barnard

Glenroy, in the Parkes-Forbes district, has had a long history of improved pastures utilised to finish lambs. The property is equally well suited to cropping with the vendor producing up to 26 bags of prime hard wheat per acre (5
tons/ha) in recent years.

After a long history of pastures and regular fertiliser applications this country is primed for great results. Michael and Margaret Willmott are selling to scale back their livestock enterprise that has mainly been breeding and finishing prime lambs in conjunction with some opportunistic trading of sheep. They produced a long line of large well-bred first cross ewes and second cross prime lambs that are finished on the pastures.

Earlier this year, prior to the jump in lamb prices, the vendors sold grass fed lambs for over $180/head. On today’s market these lambs could be worth as much as $280/head.

With export lambs selling for up to $344/head there has never been a better time to buy a well improved property like Glenroy. The established pastures are mainly a mix of lucerne, clovers, chicory, plantain and ryegrass. In addition, there is 40 ha of oats included in the sale, plus a paddock of clover with one paddock of long fallow.

The majority of the land is cleared and has a park like scattering of Yellowbox and Rivergums. Other assets include a neat two stand woolshed, quality sheepyards, a silo and excellent dams with good catchment. For more information contact Ainslie Toole at Landmark Harcourts o 0407 946 838.

Glenroy

September 6, 2018 By Maggi Barnard

In The Heart Of NSW But Not Isolated

February 23, 2017 By Maggi Barnard


Canowindra, in the heart of NSW and situated on the banks of the Belubula River, offers small country hospitality and affordable living.

The best thing about Canonwindra and its historic curving main street, is that your are in the heart of the country, but not very far from a handful of major centres: Orange is just 45 minutes away, Cowra 20 minutes, Bathurst 60 minutes, Parkes 50 minutes, Canberra 2 hours and Sydney 3.5 hours.

Canowindra Real Estate has the local knowledge to help you find the ideal home to suit your lifestyle ranging from town living to small acreage and rural properties. Can- onwindra offers a large variety of residen- tial houses on large blocks, building blocks ranging from 900m square to 5, 10 and 30 acre lots, or rural properties for the investor or the person ready to take on the agricul- tural scene. Properties range in size from 100 acres to 2,000 acres with mixed farm- ing opportunities.

For all enquiries call Canowindra Real Estate on 6344 1083. Chris will be happy to answer all your questions and help you find your ideal property. Contact Chris on 0459 441 083.

House of the Week

July 14, 2016 By Maggi Barnard

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78A Shallow Lead Rd, Parkes $579 000
Agent: Langlands Hanlon
Phone: Greg Miller 0448 433 317
Open for inspection: By Appointment or Open House Saturdays 16/7, 23/7, 30/7 from 10:30 – 11:15

Lifestyle: This large family home offers executive style living with maginificent views. Situated on 10 acres also allows plenty of room to run a pony or fun on a motorbike. Whilst the deck and pool area is great for entertaining.
Features: This high quality 4 bedroom home, master with ensuite & walk in robe, and 3 others that boast magnificent views from all windows. It has a large kitchen with a second preparation area, dining & living area, formal lounge and patio for entertaining, swimming pool and decking area, 3 way bathroom & decent sized laundry. Outside is a beautiful landscaped low maintenance garden. Zoned split system heating & cooling, and large garage & carport.

Location: All on 10 acres in an elevated position right on the edge of Parkes.

Now’s The Time To Buy

June 16, 2016 By Maggi Barnard

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Rural Property Specialist, Ainslie Toole at Landmark Harcourts Forbes, has sold 10 Rural Properties in just three months, which has led to a shortage of listings in the district. Talking to the leading national agents in all states across the country at a recent national conference it was found that there is a shortage in most areas.

This means there has never been a better time to buy a rural property. The combination of record low interest rates and a great season with strong commodity prices is rarely seen. In almost 20 years of specialising in rural property sales this is the first time Landmark Harcourt have ever had less than 10 rural properties listed. Properties that have been sold recently include Brotherony & Everton at Condobolin, Overton in Forbes, Ingaladdie in Grenfell, Valhalla at Grenfell and Happy Valley in Forbes, all of which were sold within an extremely shorttime frame.

With record low interest rates investors are also looking at rural properties as part of their portfolio. Rural properties can be leased at 4-5% – a significantly better return than current bank interest and they have the potential for capital gain.

Landmark Harcourts Forbes have qualified buyers that are ready to buy broad-acre cropping country, irrigation and rural properties in the Forbes, Grenfell, Condobolin, Eugowra, Gooloogong, Parkes and Trundle districts. Landmark Harcourts is the only national company with international offices throughout China, Asia Pacific, Europe, Africa and America.

For a free confidential appraisal, contact Ainslie Toole at Landmark Harcourts Forbes on 0407 946 838 or email ainslie.toole@landmarkharcourts.com.au to take advantage of the exclusive and very affordable National and International Marketing Programs.

Why Autumn’s The Best Season To Sell Your Home

May 5, 2016 By Maggi Barnard

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Spring is traditionally known as a bustling, busy time where everything and everyone gets a new lease of life, so surely it’s the best time of year for a house sell? Well, apparently not. According to real estate agents autumn is the season in which you’re far more likely to sell your property.

While it’s true that people become more active as the weather begins to warm, potentially leading to a larger amount of buyers, a lot of other sellers have the same idea and the market can become flooded with listings, drowning yours out in the process.

Real estate agents are often more successful at converting a listing into a sale in autumn rather than spring thanks to quality over quantity, fewer listings mean more chance of a sale. December and January are the months where people take holidays and have time to research the market so by the time they’re ready to make a decision autumn is upon them. It’s a good idea to prepare you property advertising in the lead up to this season and don’t forget to play up to your outdoor assets if you have an outdoor yard or garden. Autumn is a beautiful season with lots of colour so a few trees with changing leaves and well placed ornaments can really make your house stand out from the rest.

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