Carly walks over to her mailbox. She’s nervous because it’s at the three months mark and she’s expecting that dreaded energy bill. She grabs the envelopes inside and soon becomes aware that the bill is staring back at her. Carly rips it open—just like a band-aid—and unfolds the paper quickly. Her heart races, stomach sinks, and the dismay overcomes her as she realises that it’s 15% more than her last home’s bill.
“As my husband and I built our dream home, we thought we’d live there for the rest of our lives. Our spacious 3 bedroom in Casey was designed exactly how we envisioned it.
As with any first house, effort and love was present and a lot of sentimental memories were created—from married life, to bringing our first child home.
Within a few years, it dawned on us that we faced a lifetime of large mortgage repayments, insurance, and utility bills.
It also started to feel like every spare minute of our free time was taken up by taking care of the house—cleaning, gardening, painting, renovating and household chores. Was this really our vision of life?
We began to ponder selling the dream home and moving into something smaller. But how could we with a 2-year-old? Would there be enough space or room for her to play? What would happen when she gets older and wants to play sports?
Today my husband, my 4-year-old daughter Sofie, and I live in a 2-bedroom apartment at ‘Infinity Towers’ in Gungahlin and we have never looked back.”
This is Cass Atkinson’s experience.
But how relevant is this to Canberra and people like her? We’ve seen a trend of young families looking to downsize to reduce their workload and enjoy their lives, just like retirees and empty nesters.
We spoke to Cass, and Will Honey, Principal at Independent Property Group Tuggeranong for their advice on downsizing with children.
The Federal Budget was handed down on Tuesday 8 May 2018. As always, it covered a wide range of topics from income tax offsets to spending on infrastructure. And as always, it contains a multitude of measures over almost a thousand pages that few people will ever read in their entirety. Won’t someone think of the forests?
So that you don’t have to wade through all 342 pages (and that’s just the first paper!), we’ve summarised the ways in which this budget will affect the property market.
There are very few direct announcements that affect housing, but several longer term measures that are worth knowing about. These are aimed at increasing individual income, freeing up vacant land and improving infrastructure, all of which could benefit the Canberra property market.
Whether you’re looking to buy, sell, invest or simply stay put, read on to find out the changes that will affect you. Continue reading
Escaping the rental roundabout and buying your first home can feel a little overwhelming. It’s almost certainly the biggest financial decision you’ve ever made in your life, for one thing. For another, there are suddenly so many people to deal with, and so many new things to learn.
One thing that can help is understanding the lingo. You’ll come into contact with most or all of these phrases during your home buying journey, so here’s a handy glossary to help. We’re not saying you have to print this article out and take it everywhere you go – but we’re not saying it’s a bad idea, either. Continue reading
Edward has lived in the Belconnen area for over fifty years, he raised his family in a simple three-bedroom, red brick home with a giant backyard that would make any young family jealous.
He’s always known there will be a time to sell but it’s not something he ever gave much thought to. Until one day, when his next-door neighbour knocked on his door with an idea Edward had never considered – “let’s join up and sell our homes together”.
This is not a new concept to real estate. Long a trend in Sydney, builders are looking for other options to meet the needs of growing cities. Back in 2016, 62 owners in Sydney’s French’s Forest teamed up, sold off a combined 4.3 hectares and were paid just under $200 million.
But how relevant is this to Canberra and people like Edward? Curious to know more, we spoke to Wayne Harriden, Executive Director of Project Marketing at Independent Property Group. Continue reading