MEDIA RELEASE: Significant increase in Auctions in City of Boroondara

MEDIA RELEASE: Significant increase in Auctions in City of Boroondara

Simon O’Donoghue, Director of O’Donoghues First National Real Estate in Camberwell will be announcing in the upcoming October-December 2011 quarterly market report that the number of property sales occurring in the City of Boroondara has increased by 13% in 2011 compared to the same quarter in 2010 (see table below). 

‘The number of auctions as a percentage of sales has increased by 25% and the average price in the October–December quarter 2011 has decreased by 8.2% compared to October-December 2010.  The auction clearance rate has dropped by 21%.’

‘Despite two decreases in the cash interest rate in November and December 2011 to 4.25%, properties are remaining on the market for longer periods of time.  Some vendors in the City of Boroondara who have listed their property on the market have decided not to sell because they could not achieve their desired sale price and have either delayed their downsizing plans or successfully leased their properties to excellent tenants seeking good quality accommodation.’

‘This technique is a good strategy for the current property market.  Most of the City of Boroondara is within the 4-10 kilometre city radius and the rental vacancy rate remains below the equal demand/supply equilibrium rate of 3% (suburbs further than 10 kilometres from the city have been over 4% in the last quarter).’

‘We have also noticed a significant increase in interest from buyers and renters seeking new properties to purchase or live in now that the annual Christmas and New Year celebrations have finished. As the property market seems to affect the overall mood of Australians, we would like to see this interest continue during 2012.’

For further comment or information, please contact Simon O’Donoghue 0407 315 049 or simonodonoghue@bigpond.com

Boroondara Statistics

Jul-Sep 2010

Oct-Dec 2010

Jul-Sep 2011

Oct-Dec 2011

Total Number of Sales

145

166

157

186

Total Auction Sales

44

32

54

82

Total Sales Amount

$142,863,212

$173,598,001

$151,219,188

$146,417,052

Average Sales Amount

$1,027,793

$1,127,260

$1,035,748

$1,021,820

Auction Clearance Rates

76%

81%

54%

60%

Boroondara Statistics

1/10/11 – 31/12/11

Total Sales

186

Auctions Sold

82

House Median Auction (56)

$1,200,000

Unit/Flat/Aptmt Median Auction (26)

$499,000

Total Sales Amount

$146,417,052

Highest sales price Torrington Pl, Canterbury

$4,850,000

Lowest sales price Queens Ave, Hawthorn

$101,000

Average sales price

$1,021,820

Median sales price

$850,000

Streets with the most sales

Auburn Rd, Riversdale Rd

Source: Property Data 10/1/12

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Newsletter – Volume 1 Edition 20 – property information, local events and travel competition

Online at http://bit.ly/odfn120

O'Donoghues First National Real Estate

O’DONOGHUES FIRST NATIONAL REAL ESTATE CAMBERWELL
We put you first in Boroondara
Volume 1 Edition 20 - 25 November 2011

Hello and welcome to the O’Donoghues First National Real Estate weekly newsletter.

RESIDENTIAL AND COMMERCIAL REAL ESTATE
Director Nick Pane’s presentation for the Camberwell Business Club on 14 November 2011 is now available online
http://wp.me/p1TAAD-45

WOMEN IN PROPERTY – PITFALLS OF PROPERTY INVESTING
Christine Stow from Women in Property will be hosting a discussion with Nigel Kibel about how to effectively replace your income using property, how to buy wholesale, prices and pitfalls to avoid and steps in development projects at the Geebung Polo Club Hotel, 85 Auburn Road, Hawthorn East from 6:45pm – 9:00pm. Tickets $20/$30 champagne & canapés
http://wp.me/p1TAAD-5c

FOOD AND WINE TRAVEL CALIFORNIA COMPETITON
Karen Ridge from Camberwell’s Food and Wine Travel is currently promoting a competition where you can win a seven day trip to California worth $8,200
http://fastmail.jtg.com.au/em/message/email/view.php?id=733626&u=28018#86344

CHRISTMAS CAROLS, CONCERTS AND EVENTS IN BOROONDARA
We have compiled a list of upcoming events in Boroondara for December 2011 and encourage you to enjoy them during the festive season.  We welcome additional contributions.
http://wp.me/p1TAAD-4S

AGED CARE FEES AND SERVICES INFORMATION SESSION
Centrelink Financial Information Service is hosting an event discussing entry into different levels of care, fees and charges, options for your former home and pension issues at the Box Hill Town Hall on Wednesday 30 November 2011 from 6:30 – 8:30pm.
http://wp.me/p1TAAD-58

O’DONOGHUES FIRST NATIONAL REAL ESTATE
We put you first in Boroondara
269 Camberwell Road, Camberwell Victoria 3124
Nick Pane 0418 344 381
Simon O’Donoghue 0407 315 049
Gabi Vertessy and office 03 9882 3303
www.odonoghuesfn.com.au (website)
www.odonoghuesfn.com (blog)
sales@odonoghuesfn.com.au

PROPERTIES FOR SALE
http://bit.ly/odfnforsale

PROPERTIES FOR RENT
http://bit.ly/odfnforrent

PROUD SUPPORTERS OF
Camberwell Centre Association www.camberwellca.com.au
First National Foundation www.firstnationalfoundation.org.au
Foundation Boroondara www.foundationboroondara.org.au
Rotary Club of Camberwell www.camberwellrotary.org.au
Rotary Club of Hawthorn www.hawthornrotary.org.au

PROUD MEMBER OF
BNI Boroondara www.bni.com.au/chapter_details.asp?chap_id=4849
First National www.firstnational.com.au
Real Estate Institute of Victoria www.reiv.com.au

FIND US ON
Google Places, Facebook, LinkedIn, Twitter

SEE PAST NEWSLETTERS
http://bit.ly/odfnpastnews

Disclaimer – If your property is currently listed with another real estate agency, please disregard this newsletter.

To unsubscribe from the O’Donoghues First National Real Estate Mailing List, please reply to this email with ‘Unsubscribe’ in the subject line.

To subscribe to the O’Donoghues First National Real Estate Mailing List, please send an email to sales2@odonoghuesfn.com with ‘Subscribe Newsletter’ in the subject line.

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Newsletter – Volume 2 Edition 1 – borrowers seeking fixed rate loans

Online at http://bit.ly/odfn21

O'Donoghues First National Real Estate

O’DONOGHUES FIRST NATIONAL REAL ESTATE CAMBERWELL
We put you first in Boroondara
Volume 2 Edition 1 – 5 January 2012

Hello and welcome to the O’Donoghues First National Real Estate fortnightly newsletter. 

It is nice to be able to share news with you again in 2012.

BORROWERS SEEKING FIXED RATE LOANS
Mortgage Choice loan data shows that borrowers are seeking fixed rate home loans
http://www.mortgagechoice.com.au/about-us/media-releases/borrowers-reluctant-to-flee-from-fixed-loans-despite-rate-cuts.aspx

HOUSING AUSTRALIA FACT SHEET
Between 1991-2011 house prices increased by 263% but after‐tax income only grew 95% Read more statistics on housing in Australia at
http://wp.me/p1TAAD-7y

SUBURB REPORTS
You can download an individual property suburb report by entering the postcode online at
http://www.residex.com.au/free-report

COMMUNITY WATERWAYS BICYCLE RIDE
Thursday 19 January 2011 9:30am – 1:30pm a bicycle based workshop that starts at H A Smith Reserve in Hawthorn. Register online at
http://wp.me/p1TAAD-7G

AGED CARE AND FINANCIAL SERVICES
Do you know someone who needs professional independent advice about moving into retirement or aged care accommodation? Christine Hopper from Financial Care Services is offering 30 minutes of telephone advice to subscribers of our email newsletter. Phone 9808 0338 or visit http://www.financialcareservices.com.au/

O’DONOGHUES FIRST NATIONAL REAL ESTATE
We put you first in Boroondara
269 Camberwell Road, Camberwell Victoria 3124
Nick Pane 0418 344 381
Simon O’Donoghue 0407 315 049
Gabi Vertessy and office 03 9882 3303
www.odonoghuesfn.com.au (website)
www.odonoghuesfn.com (blog)
sales@odonoghuesfn.com.au

PROPERTIES FOR SALE
http://bit.ly/odfnforsale

PROPERTIES FOR RENT
http://bit.ly/odfnforrent

PROUD SUPPORTERS OF
Bricks & Mortar Radio Program
3WBC 94.1FM Sat 11am www.bit.ly/3wbcbricksandmortar
Camberwell Centre Association www.camberwellca.com.au
First National Foundation www.firstnationalfoundation.org.au
Foundation Boroondara www.foundationboroondara.org.au
Rotary Club of Camberwell www.camberwellrotary.org.au
Rotary Club of Hawthorn www.hawthornrotary.org.au

PROUD MEMBER OF
BNI Boroondara www.bni.com.au/chapter_details.asp?chap_id=4849
First National www.firstnational.com.au
Helper Agent ® www.helperagent.com.au
Real Estate Institute of Victoria www.reiv.com.au

FIND US ON
Google Places, Facebook, LinkedIn, Twitter

SEE PAST NEWSLETTERS
http://bit.ly/odfnpastnews

Disclaimer – If your property is currently listed with another real estate agency, please disregard this newsletter.

To unsubscribe from the O’Donoghues First National Real Estate Mailing List, please reply to this email with ‘Unsubscribe’ in the subject line.

To subscribe to the O’Donoghues First National Real Estate Mailing List, please send an email to sales2@odonoghuesfn.com with ‘Subscribe Newsletter’ in the subject line.

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Community Waterways Bike Ride Workshop – Hawthorn – 19 January 2012

Community Waterways Bike Ride Workshop

Cyclists

Cyclists

Date:
19 January 2012
9:30am – 1:00pm

Venue:
Starting from H A Smith Reserve,
Near Gardiner Road and Berkeley Street, Hawthorn

Cost:

Free to attend, must register and bring your own bicycle in good working order and an Australian Standards approved helmet and wear comfortable, casual clothing and closed toe, secure footwear.

Details:
Treat yourself to a family friendly catchment adventure by bike, where you will learn about the wonders of our waterways and their surrounds. The tour follows Gardiners Creek, one of Boroondara’s most significant biodiversity corridors. This corridor provides habitat and breeding areas for water birds and small bush birds such as the Superb Fairy-wren as well as Rakali (Water Rat), insectivorous bats and other creatures.

All participants including children must be registered. Children attending the event must be supervised by a parent or guardian.

Register online at:
http://www.boroondara.vic.gov.au/our-city/events/community-waterways-ride

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Housing Australia Fact Sheet

Housing Australia Fact Sheet

This comprehensive document with a range of graphs and charts can be downloaded at http://www.shelter.org.au/archive/fly-factsheet-australia.pdf

Prepared for National Shelter by Shelter NSW
16 December 2011
Enquiries:
Mary Perkins, Shelter NSW: (02) 9267 5733 ext. 14, http://www.shelternsw.org.au/
Adrian Pisarski, National Shelter: (07) 3393 2433, www.shelter.org.au

Housing Australia factsheet
A quick guide to housing facts and figures

Housing stress
In Australia in 2007–08, 47.5% of low‐income households in the private rental market were in rental stress. Page 2

Home purchase
Between 1991 and 2011, house prices increased by 263%, while after‐tax income grew by only 95%. Page 3

Private rental
In 2007–08, there was a shortage of 493,000 private rental dwellings in Australia that were both affordable and available for those in the bottom 40% of the income distribution — with 311,000 being needed in capital cities. Page 6

Social housing
There were 248,419 applicants waiting for social housing in Australia in 2010. Page 8

Homelessness
On an average day in 2010–11, 59.4% of people seeking immediate accommodation from homelessness services across Australia were turned away. Page 13

Housing Australia factsheet
2
Housing stress
Housing stress is experienced by lower‐income households
(households in the bottom 40% of income distribution) who pay
more than 30% of their gross income on housing.

1 In 2007, there were 1,104,580 families in Australia in housing stress (that is, lower‐income families who paid more than 30% of their income on recurrent housing costs). Those families in housing
stress comprised 10.4% of Australian families.2

Housing stress varies by tenure.
In Australia in 2007–08: 
.  47.5% of low‐income households in the private rental market were in rental stress 3;
. 46.6% of low‐income households with a mortgage were in mortgage stress 4;
. 1.3% of low‐income renters in public housing were in
rental stress. 5

Nationally, in 2007–08, those paying more than 30% of their
gross income in housing costs included:
. 445,000 private renters with incomes in the lowest 40% of
the income distribution;
.  117,000 private renters who were wholly depending on
government income support;
.  312,000 mortgagees with incomes in the lowest 40% of
the income distribution; and
.  27,000 mortgagees who were wholly depending on
government income support.6

In 2010, 42.1% of households receiving Commonwealth Rent
Assistance (or 459,066 households) were in rental
stress.7

Number of lower‐income families in housing stress, by state and territory, 2007

Percentage of low‐income households in rental stress
and mortgage stress, by state and territory, 2007–08

Housing Australia factsheet
3
Home purchase
Between 1991 and 2011, house prices increased by 263%, while after‐tax income grew by only 95%. The disparity intensified particularly between 2001 and 2011, when house prices increased by 147% and disposable income by just 57%.8

Sydney has the most heated market for private housing
amongst capital cities in Australia, retaining its position
between the December 2010 and March 2011 quarters. The
median house price in Sydney in the March 2011 quarter was
$575,000 (a 7.3% drop from the December 2010 quarter). After
Sydney, the most expensive capital cities are Canberra,
Darwin and Perth.

Median prices for non‐strata houses decreased in all capital
cities between the December 2010 and March 2011 quarters,
other than in Perth (where they stayed the same).9

In 2009–10, only 11.5% of homes sold nationally were affordable
for low‐income households.10

Median price of non‐strata houses, capital cities

Housing Australia factsheet
4
Home purchase
High house prices present two barriers to homeownership for
low‐income households:
. an initial (or ‘market entry’) barrier when seeking to meet
the upfront costs of buying a dwelling; and
. an ongoing issue with meeting recurrent costs.

The deposit required for a first home loan for a median‐priced
dwelling was an amount equivalent to 81.3% of the
average household disposable income as at June 2009.11

In 2007, a deposit of at least four times the average income was
required before a household on an average income could afford a
median‐priced dwelling. In contrast, in the 1960s, it was
possible for a household on an average income to borrow
enough to purchase a median priced dwelling without a
deposit. That is, since the 1960s, there has been a significant
increase in the ‘deposit gap’.12

Monthly loan repayments for dwellings bought at a median
price with the help of a loan from the Commonwealth Bank in
September 2011 varied from $2,334 in Hobart to $3,790 in
Sydney. Monthly mortgage repayments between the June
and September 2011 quarters decreased in Sydney, Brisbane,
Adelaide and Canberra, increased in Perth and Hobart, and stayed
the same in Melbourne.13

Deposit for a home loan for a medium‐price dwelling for a first home
buyer, as a percentage of household disposable income

Monthly loan repayments for median‐priced dwellings, capital cities

Housing Australia factsheet
5
Home purchase
As at 2009–10, the home ownership rate in Australia was
68.8%.14

The tenure profile of households with an Aboriginal and Torres
Strait Islander (ATSI) person differed from the Australian total
in 2006. They were:
. less likely to be homeowners
(34%, compared to 68% of Australian households
generally);
. more likely to be in private rental (27%, compared to
21% of Australian households generally);
. more likely to be in public housing (20%, compared to
4% of Australian households generally); and
. more likely to be in community housing (9%,
compared to 1% of Australian
households generally).15

There is a direct relation between age and tenure, with households
headed by a younger person much more likely to be in rental
housing than households headed by an older person. For example,
in 2009–10, 76.9% of households headed by a person aged 15–24
were in rental housing, and 84.0% of households headed by a
person aged 65–74 were in owner‐occupied housing.16

Tenure of all Australian households, 2009–10
Tenure of ATSI households, 2006
Tenure by age of householder, percentage, 2009–10

Housing Australia factsheet
6
Private rental
The supply of private rental housing is dependent on many
factors. These include the relative attraction of investment in
housing compared to the returns on investment in other areas,
which is influenced by the taxation treatment of each.

Short‐term income from rents has not been a significant driver
of investment in this sector. Gross yields from investment in rental
dwellings (rental income as a proportion of dwelling value)
averaged 4.8% for units and 3.4% for three‐bedroom houses in
Australia, in June 2008.17

There is a shortage of affordable and available dwellings for rental
in the private market for households with lower incomes.

The shortage of affordable dwellings is intensified by higher income
households renting some of the affordable dwellings, so
that they are not available for lower‐income households. In
2007–08, there was a shortage of 493,000 private rental dwellings
that were both affordable and available for lower‐income
households (those in the bottom 40% of the income distribution) –
with 311,000 being needed in capital cities.18

Rental yields on residential properties
Shortage of affordable and available private rental stock for very low and low‐income households, capital cities, 2006

Location of shortage of rental dwellings affordable and available for
lower‐income households, 2007–08

Housing Australia factsheet
7
Private rental
Vacancy rates for dwellings in the private housing market in capital
cities are low, ranging from 0.7% in Canberra and Perth, to 3.0% in
Melbourne in October 2011.19

The median weekly rent for private rental was $305 for
Australia in 2009–10, and it varied from state to territory.20
The highest median weekly rent in 2009–10 was in the ACT at
$375, and the lowest median weekly rent was in Tasmania at
$204.21

Vacancy rates for private rental housing, capital cities, October 2011
Median weekly rents, by state and territory, 2009–10

Housing Australia factsheet
8
Social housing
In 2010, there were 383,316 social housing dwellings in
Australia.22 This figure covers public housing, community
housing, and government‐owned and managed Indigenous
housing.23

The number of people on the social housing waiting lists has
fallen by 4.1% between 2001 and 2010. The major reasons for the
reduction have been the tightening of eligibility criteria in
some jurisdictions, and reviews of the status of previous
applicants. Even so, there were 248,419 applicants waiting for
social housing in 2010.24

Social housing dwellings
Social housing waiting lists

Housing Australia factsheet
9
Social housing
Social housing is an important source of housing for people with
disabilities. At 30 June 2010, 38.9% of all households in public
housing, 32.6% of households in mainstream community housing
and 24.9% of households in stateowned and managed Indigenous
housing had a member with a disability.25

Households in ‘greatest need’ are given priority in the allocation of
social housing (reasons for ‘greatest need’ include homelessness, health conditions being aggravated by housing, and
life or safety being at risk in accommodation).

In 2009–10:
. 74.9% of newly assisted households in public housing
had a greatest need;
. 63.1% of newly assisted households in community
housing had a greatest need;
and
. 55.9% of newly assisted households in state‐owned
and managed Indigenous housing had a greatest need.26

Households with a member with disability in social housing, 2010
Proportion of newly assisted households that are in greatest need,
percentage

Housing Australia factsheet
10
Social housing
Public housing is the biggest subsector of social housing,
providing 85.8% of social housing dwellings. In 2010, there were
328,676 public housing dwellings nationally.

There has been a 6.6% decrease in supply in this subsector
between 2000 and 2010.27

There were 200,095 applicants on the public housing waiting
lists across Australia in 2010.28

There has been a 6.1% decrease in the number of applicants on
the waiting lists for this subsector between 2000 and 2010. Again,
the major reasons for the reduction have been the
tightening of eligibility criteria in some jurisdictions, and reviews
of the status of previous applicants.

Public housing dwellings
Public housing waiting lists

Housing Australia factsheet
11
Social housing
The community housing subsector had 42,942 dwellings
in 2010.29

There has been a 169.8% increase in supply in this
subsector between 2000 and 2010.

There were 36,689 applicants on the community housing waiting
lists in 2010.30

Community housing dwellings
Community housing waiting lists

Housing Australia factsheet
12
Social housing
The state‐owned and managed Indigenous housing subsector
had 11,698 dwellings in 2010.31

There has been a 3.2% decrease in supply in this subsector
between 2001 and 2010.

There were 11,653 applicants on the waiting lists for governmentowned and managed Indigenous
housing in 2010.32

Indigenous housing dwellings
Indigenous housing waiting lists
Housing Australia factsheet
13
Homelessness
There were 105,000 homeless people in Australia on census
night in 2006.33

The rate of homelessness in Australia has remained constant
between census nights in 2001 and 2006, at 53 homeless people
per 10,000 of the population.

. New South Wales has the largest number of homeless
people in Australia at 27,374 (26.1%), and the ACT has the
smallest number, at 1,364 (1.3%).34
. The Northern Territory has the highest rate of
homelessness in Australia at 248 homeless people per
10,000 of the population, and the ACT, New South Wales and
Victoria have the lowest rate, at 42 homeless people per
10,000 of the population.35

Number of homeless people, by state and territory, 2006
Rate of homelessness per 10,000 of the population, by state and territory,
2006
Housing Australia factsheet
14
Homelessness
ATSI people are ‘overrepresented’ in the Australian
population of homeless people. In 2006, 9.1% of the homeless
population were ATSI, whereas only 2.4% of the population
identified as ATSI.36

Of the homeless population in 2006:
. 15.6% were rough sleepers, with 61.5% of them being
located in rural and remote communities.37
. 19.0% were staying in Supported Accommodation
Assistance Program (SAAP) services (now known as
homelessness services).38

Composition of homeless population, 2006
Location of rough sleepers, 2006

Housing Australia factsheet
15
Homelessness
In 2010–11, 230,500 people (or one in every 97 Australians) used
homelessness services.39

In 2010–11, 18.6% of clients accessing homelessness agencies
were ATSI.40

The most common specific reasons given for seeking
assistance from homelessness agencies in 2010–11 were:
. domestic or family violence (21.7% of support periods);
. other financial difficulty (10.0%); and
. relationship or family breakdown (9.9%).41

On an average day in 2010–11, 59.4% of people seeking
immediate accommodation from homelessness services across
Australia were turned away.42

Broad reasons for seeking support from homelessness services, 2010–11

Indigenous clients of homelessness services
People requiring immediate accommodation turned away from
homelessness services, daily average, percentage, by state and territory,
2010–11

Housing Australia factsheet
16

Sources for charts and tables
Housing stress
Number of lower‐income families in housing stress, by state and territory, 2007. Ryanti Miranti and Binod Nepal, ‘Housing stress in Australia 2007’, National Centre for Social and Economic
Modelling, University of Canberra, 2008, table 1a.

Percentage of low‐income households in rental stress and mortgage stress, by state and territory, 2007–08. Council of Australian Governments (COAG) Reform Council, ‘National Affordable
Housing Agreement: baseline performance report for 2008–09’, April 2010, volume 1, figures 5.3 and 6.8, pp. 57, 73 (rental stress for private renters and mortgage stress – note that mortgage stress data for the Northern Territory was not available). COAG Reform Council,

‘National Affordable Housing Agreement: baseline performance report for 2009–10’, April 2011, volume 1, table 3.2, p. 22 (rental stress for public housing renters – note that the level of
rental stress for public housing tenants in Tasmania was nil or rounded to zero).

Home purchase
Median price of non‐strata houses, capital cities. Australian Bureau of Statistics, ‘House price indexes: eight capital cities – September quarter 2011’, 1 November 2011, ABS cat. No. 6416.0,
Canberra, 2011, table 7, p.12.

Deposit for a home loan for a medium‐price dwelling for a first home buyer as a percentage of household disposable income, Reserve Bank of Australia. Unpublished data provided to Shelter
NSW, 29 September 2009.

Monthly loan repayments for median‐priced dwellings, capital cities. HIA–Commonwealth Bank affordability report, September quarter 2011.

Tenure of all Australian households, 2009–10. Australian Bureau of Statistics, ‘Housing occupancy and costs, 2009–10’, 16 November 2011, cat. no. 4130.0, table 3.

Tenure of ATSI households, 2006. Australian Bureau of Statistics, ‘Census of Population and Housing: Indigenous profile’, 2006’, cat. no. 2002.0, table I18.

Tenure by age of household, percentage, 2009–10. Australian Bureau of Statistics, ‘Housing and occupancy costs, Australia, 2009–10’, 16 November 2011, cat. no. 4130.0, table 9, p. 43.

Private rental
Rental yields on residential properties. Real Estate Institute of Australia data cited in National Housing Supply Council, State of supply report 2008, 2009, p. 26.

Shortage of affordable and available private rental stock for very low and low‐income households, capital cities, 2006. Maryann Wulff, Margaret Reynolds, Darmalingam Arunachalam, Kath Hulse and Judith Yates, ‘Australia’s private rental market: the supply of, and demand for, affordable dwellings’, Australian Housing and Urban Research Institute, May 2011, AHURI final report no. 168, table 3 and table 4, pp. 15, 17 (based on 2006 Australian Census of Population and Housing data).

Location of shortage of rental dwellings affordable and available to affordable for lower‐income dwellings, 2007–08. National Housing Supply Council, ‘State of supply report 2010’, April 2010, table 5.4, p.105 (lower‐income households are defined as households with gross incomes below the 40th percentiles – see p. 224).

Vacancy rates for private rental housing, capital cities, October 2011. SQM Research, www.sqmresearch.com.au>, viewed 9 December 2011.

Median weekly rents, by state and territory, 2009–10. Australian Bureau of Statistics, ‘Housing and occupancy costs, Australia, 2009–10’, 16 November 2011, table 22, cat. no. 4130.0, p. 59.

Social housing
Social housing dwellings. Australian Institute of Health and Welfare, Housing assistance data development series reports for public rental housing, community housing, and state owned and managed Indigenous housing. The number indicates the number of tenantable dwellings as at 30 June of each financial year. Data for the Crisis Accommodation Program was included in this table for 2001 to 2009. The total of social housing dwellings in 2010 does not include
dwellings under the Crisis Accommodation Program, as this data is not separately reported under the National Affordable Housing Agreement (which commenced operation on 1 January
2009).

Housing Australia factsheet
17
Social housing waiting lists. Australian Institute of Health and Welfare, Housing assistance data development series reports for public rental housing, community housing, and state owned
and managed Indigenous housing. The data for 2004, 2005 and 2006 does not include the Northern Territory as it was not available.

Households with a member with disability in social housing, 30 June 2010. Australian Institute of Health and Welfare, ‘Housing assistance in Australia 2011’, June 2011, table 5.7, p. 51.

Proportion of newly assisted households that are in greatest need, percentage. Australian Institute of Health and Welfare, ‘Housing assistance in Australia 2011’, June 2011, table A2.5, p.59.

Public housing dwellings. Australian Institute of Health and Welfare, ‘Public rental housing’, Housing assistance data development series.
Public housing waiting lists. Australian Institute of Health and Welfare, ‘Public rental housing’,

Housing assistance data development series.
Community housing dwellings. Australian Institute of Health and Welfare, ‘Community housing’,

Housing assistance data development series.
Community housing waiting lists. Australian Institute of Health and Welfare, ‘Community housing’, Housing assistance data development series. Data was not available for all community housing providers in New South Wales as at 30 June 2010, due to the development of systems to capture waiting list information relating to a common application process for public and community housing.
Indigenous housing dwellings. Australian Institute of Health and Welfare, ‘State owned and managed Indigenous housing’, Housing assistance data development series. (Data does not include ACT or NT.)

Indigenous housing waiting lists. Australian Institute of Health and Welfare, ‘State owned and managed Indigenous housing’, Housing assistance data development series. (Data does not include ACT or NT.)

Homelessness
Number of homeless people, by state and territory, 2006. Chris Chamberlain and David MacKenzie, Counting the homeless 2006: Australia, Australian Bureau of Statistics, Australian Census Analytic Program, cat. no. 2050.0, 4 September 2008, p. 46.

Rate of homelessness per 10,000 of the population, by state and territory, 2006. Chris Chamberlain and David MacKenzie, Counting the homeless 2006: Australia, Australian Bureau of Statistics, Australian Census Analytic Program, cat. no. 2050.0, 4 September 2008, p. 46.

Composition of homeless population, 2006. Chris Chamberlain and David MacKenzie, Counting the homeless 2006: Australia, Australian Bureau of Statistics, Australian Census Analytic Program,
cat. no. 2050.0, 4 September 2008, table 1, persons in different sectors of the homeless population on census night, p. viii.
Location of rough sleepers, 2006. Department of Families, Housing, Community Services and Indigenous Affairs, The road home, 2008, p. 4, table 1, rough sleepers by state and region, unpublished table from Department of Families, Housing, Community Services and Indigenous Affairs using ABS census 2006 data.

Broad reasons for seeking support from homelessness services, 2010–11. Australian Institute of Health and Welfare, ‘Government‐funded specialist homelessness services, Australia, Supported Accommodation Assistance Program National Data Collection annual report, 2010–11’, December 2011, table A.19, p. 13.
ATSI clients of homelessness services. Australian Institute of Health and Welfare, ‘Governmentfunded specialist homelessness services’, Supported Accommodation Assistance Program national data collection annual reports.

People requiring immediate accommodation turned away from homelessness services, daily average, percentage, by state and territory, 2009–10. Australian Institute of Health and Welfare, ‘People turned away from government‐funded specialist homelessness accommodation 2009–10’, table A5, p. 5.

Housing Australia factsheet
18
Notes
1 National Housing Supply Council, State of supply report 2010, 2010, pp. 223–224.
2 Ryanti Miranti and Binod Nepal, ‘Housing stress in Australia 2007’, National Centre for Social and Economic Modelling, University of Canberra, 2008. NATSEM defines a family as an
individual or group of individuals in a household who share their income; this definition does not include shared households, where individuals do not share their income. NATSEM defines
housing stress as the situation where a family’s housing costs are more than 30% of its disposable income and the family is in the bottom two quintiles of the equivalised income distribution. For information about equivalised income, go to: Australian Bureau of Statistics, ‘Government benefits, taxes and household income, Australia, 2003–04’ (6537.0), 2007, Appendix 2. The ‘30/40 rule’ defined in ‘Housing affordability in Australia’ refers to a 30%
housing cost ratio to determine potential affordability problems and defines lower‐income households as those in the lowest two quintiles of the equivalent disposable income distribution, but it assesses housing costs in relation to gross household income (Judith Yates
and Michelle Gabrielle, Housing affordability in Australia, Australian Housing and Urban Research Institute, Research Paper 3, 2006, p.14).

3 COAG Reform Council, ‘National Affordable Housing Agreement: baseline performance report for 2008–09’, 2010, volume 1, figure 5.3, p. 57. Low‐income households are defined as households in the bottom 40%, or the bottom two quintiles, of equivalised disposable
household income (p. 54).

4 COAG Reform Council, figure 6.8, p. 73. 5 COAG Reform Council, ‘National Affordable Housing Agreement: baseline performance report for 2009–10’, 2011, volume 1, table 3.2, p. 22.
6 National Housing Supply Council, State of supply report 2010, 2010, tables 5.1 and 5.2, pp. 99–102.

7 Unpublished data from the Department of Families, Housing, Community Services and Indigenous Affairs, from Steering Committee for the Review of Government Service Provision,
‘Report on government services 2011’, volume 2, January 2011, chapter 16, table 16A.74. The data refers to ‘income units’, which are defined as a single person or a couple, with or without dependents (p. 16.13).

8 NATSEM, ‘The great Australian dream – just a dream?’, University of Canberra, AMP.NATSEM Income and Wealth Report, issue no. 29, July 2011, p. 3.

9 Australian Bureau of Statistics, ‘House price indexes: eight capital cities – September quarter 2011’, cat. no. 6416.0, Canberra, 1 November 2011, table 7, p. 12. The table presents data for
unstratified (city‐wide) median prices for established houses, by city, by quarter.

10 COAG Reform Council, ‘National Affordable Housing Agreement: baseline performance report for 2009–10’, 2011, volume 1, table 4.3, p. 28.

11 Reserve Bank of Australia, unpublished data provided to Shelter NSW, 29 September 2009.

12 Judith Yates, ‘Affordability and access to home ownership: past, present and future?’, Australian Housing and Urban Research Institute, AHURI research report no. 10, November 2007, pp. 1, 9–10.

13 HIA–Commonwealth Bank affordability report, September quarter 2011.

14 Australian Bureau of Statistics, ‘Housing and occupancy costs, 2009–10’, cat. no. 4130.0, 16 November 2011, p. 62.

15 Australian Bureau of Statistics, ‘Census of Population and Housing: Indigenous profile: 2006 census community profile series’, cat. no. 2002.0, table I18.

16 Australian Bureau of Statistics, ‘Housing and occupancy costs, 2009–10’, p. 43.

17 National Housing Supply Council, State of supply report 2008, 2009, pp. 25–26, citing data prepared by the Real Estate Institute of Australia.

18 National Housing Supply Council, State of supply report 2010, table 5.4, p. 105.

19 SQM Research, www.sqmresearch.com.au>, viewed 9 December 2011.

20 Australian Bureau of Statistics, ‘Housing and occupancy costs, 2009–10’, p. 36.

21 Australian Bureau of Statistics, ‘Housing and occupancy costs, 2009–10’, p. 59.

22 Australian Institute of Health and Welfare, Housing assistance data development series reports for public rental housing, community housing, and state owned and managed Indigenous
housing. The number indicates the number of tenantable dwellings as at 30 June of each financial year. Data for the Crisis Accommodation Program was included in this table for 2001

Housing Australia factsheet
19
to 2009. The total of social housing dwellings in 2010 does not include dwellings under the Crisis Accommodation Program, as this data is not separately reported under the National Affordable Housing Agreement (which commenced operation on 1 January 2009).

23 The total of social housing dwellings in Australia in 2010 does not include dwellings under the Crisis Accommodation Program, as this data is not separately reported under the National
Affordable Housing Agreement (which commenced operation on 1 January 2009).

Government‐owned and managed Indigenous housing does not comprise the entire Indigenous social housing sector: it refers to that part financed through the Commonwealth–State/territory multilateral funding agreements but does not include social housing provided by Indigenous organisations (e.g. land councils) with finance from other sources. Government subsidized community housing does not comprise all of the non‐profit non‐government
affordable rental housing sector: it refers to social housing provided through the Commonwealth–state/territory multilateral funding agreements by non‐Indigenous organisations, and does not include affordable rental housing provided by community organisations with finance from other sources; it specifically does not include submarket rental housing provided under disability and aged care programs.

24 Australian Institute of Health and Welfare, Housing assistance data development series reports for public rental housing, community housing, and state owned and managed Indigenous
housing. The data for 2004, 2005 and 2006 does not include the Northern Territory (as it was not available).

25 Australian Institute of Health and Welfare, ‘Housing assistance in Australia 2011’, June 2011, cat. no. HOU 236, table 5.7, p. 51.
26 Australian Institute of Health and Welfare, ‘Housing assistance in Australia 2011’, table A2.5, p. 59.

27 Australian Institute of Health and Welfare, ‘Public rental housing’, Housing assistance data development series. The number indicates the number of tenantable dwellings as at 30 June
each financial year.

28 Australian Institute of Health and Welfare, ‘Public rental housing’.

29 Community housing here refers to social housing provided through Commonwealth–state/territory multilateral funding agreements by non‐Indigenous organisations. It does not
include affordable rental housing provided by community organisations with finance from other sources; it specifically does not include submarket rental housing provided under disability and aged care programs.

30 Australian Institute of Health and Welfare, ‘Community housing’, Housing assistance data development series. The data does not include the Northern Territory. The data for 2002 and
2003 does not include Victoria (as it was not available). Data was not available for all community housing providers in New South Wales as at 30 June 2010, due to the development of systems to capture waiting list information relating to a common application process for
public and community housing.

31 Government‐owned and managed Indigenous housing does not comprise the entire Indigenous social housing sector: it refers to that part financed through the Commonwealth–State/territory multilateral funding agreements on housing and does not include social housing provided by Indigenous organisations (for example, land councils) with finance from other sources.

32 Australian Institute of Health and Welfare, ‘State owned and managed Indigenous housing’, Housing assistance data development series. The data do not include the Northern Territory or the Australian Capital Territory (as it was not applicable).

33 Chris Chamberlain and David MacKenzie, Counting the homeless 2006: Australia, Australian Bureau of Statistics, Australian Census Analytic Program, cat. no. 2050.0, 4 September 2008, p.x.
The report uses a cultural definition of homelessness, which is comprised of: primary homelessness (people without conventional accommodation, such as people sleeping in parks and using cars for temporary shelter); secondary homelessness (people who move frequently from one form of shelter to another, such as those in emergency or transitional accommodation provided under the Supported Accommodation Assistance Program, people staying with other households because they have no accommodation of their own and people staying in boarding houses on a short‐term basis, defined as 12 weeks or less); and tertiary homelessness (people living in boarding houses on a medium to long‐term basis, defined as 13
weeks or longer – that is, they are staying in accommodation which is below the minimum

Housing Australia factsheet
20 community standard of a small self‐contained flat). Table 7 on homeless people by state and territory in Counting the homeless 2006: Australia on p. x refers to a national total of 104,676
who were counted as homeless in the 2006 census, but p. vii states that for policy and planning purposes, a national figure of 105,000 can be quoted.

34 Chris Chamberlain and David MacKenzie, table 8.4, number of homeless people by state and territory, p. 46.

35 Chris Chamberlain and David MacKenzie, table 8.3, rate of homelessness per 10,000 of the population, p. 46.

36 Chris Chamberlain and David MacKenzie, p. 29. The experiences of homelessness by Aboriginal and Torres Strait Islander peoples can differ from those of other Australians, due to the distinct
causes and contexts for their experiences. Keys Young have formulated five types of homelessness experienced by Aboriginal and Torres Strait Islander peoples which cover: spiritual homelessness (relating to separation from traditional land or family); overcrowding; relocation and transient homelessness (due to mobile lifestyles as well as the necessity of a larger proportion of Aboriginal and Torres Strait Islander peoples having to travel to obtain
services); escaping unsafe homes; and lack of access to stable housing. Compared to homelessness experienced by others, homelessness experienced by Aboriginal and Torres Strait Islander peoples is a broader issue because it encompasses the experiences of
individuals, families and communities, as well as the intergenerational impact of colonisation and dispossession (Keys Young, ‘Homelessness in the Aboriginal and Torres Strait Islander
context and its possible implications for the Supported Accommodation Assistance Program’, Department of Family and Community Services, 1999, pp. iv, 129).

37 Department of Families, Housing, Community Services and Indigenous Affairs, The road home, 2008, p. 4, table 1, unpublished table from Department of Families, Housing, Community Services and Indigenous Affairs using ABS census 2006 data.

38 Chris Chamberlain and David MacKenzie, table 1, persons in different sectors of the homeless population on census night, p. viii.

39 Australian Institute of Health and Welfare, ‘Government‐funded specialist homelessness services, Supported Accommodation Assistance Program national data collection annual report, 2010–11, Australia, appendix’, December 2011, table A3, p. 2. On 1 January 2009, SAAP was discontinued as a separate program and specialist homelessness services were included under the National Affordable Housing Agreement. This resulted in some changes in the way the jurisdictions administer the agencies; for example, the number of funded agencies and the number of agencies that were required to participate in the data collection decreased from those reported in 2008–09. A client might have more than one contact with a SAAP agency in a year, although most do not.

40 Australian Institute of Health and Welfare, ‘Government‐funded specialist homelessness services, Supported Accommodation Assistance Program national data collection annual report, 2010–11, Australia, appendix’, table A13, p. 10.

41 Australian Institute of Health and Welfare, ‘Government‐funded specialist homelessness services, Supported Accommodation Assistance Program national data collection annual report, 2010–11, Australia, appendix’, table A19, p. 13.

42 Australian Institute of Health and Welfare, ‘People turned away from government‐funded specialist homelessness accommodation 2010–11, appendix’, December 2011, table A5, p. 5. Victorian data has been excluded as its accommodation‐related data has not been recorded in a way that is consistent with other states and territories.

This comprehensive document with a range of graphs and charts can be downloaded at http://www.shelter.org.au/archive/fly-factsheet-australia.pdf

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Christmas Day Free Bring Your Own Picnic Lunch – Melbourne – 25 December 2011

Christmas Day Free Bring Your Own Picnic Lunch

Christmas Day Picnic Lunch

Christmas Day Picnic Lunch Melbourne

 

Date:
25 December 2011
12pm – 3pm

Venue:
Queen Victoria Gardens
Opposite National Gallery of Victoria
180 St Kilda Road
Melbourne Victoria 3000

Cost:
Free to attend, bring your own picnic lunch

Details:
Newcomers Network will be hosting the sixth annual Christmas Day Picnic Lunch that is open to anyone who would like to attend including people who have moved to Melbourne, newcomers, expatriates, students, tourists, refugees, migrants, singles, families, couples, dogs (on a lead), friends, family members of all ages, faiths and backgrounds – everyone is invited and welcome.  No need to register, just turn up.

More information - visit http://www.newcomersnetwork.com/australia/melbourne/events/111225_christmas_day_picnic_lunch.php or contact Sue Ellson on 0402 243 271.

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Season’s Greetings from O’Donoghues First National Real Estate

SEASON’S GREETINGS FROM O’DONOGHUES FIRST NATIONAL REAL ESTATE CAMBERWELL

Season's Greetings

Season's Greetings

We would like to extend to you our warmest greetings for Christmas and the New Year!

Our office will close at 5:30pm on Thursday 22 December 2011 and re-open at 9:00am on Wednesday 4 January 2012. If you have any queries during this time, please contact Nick Pane on 0418 344 381.

In 2011, some of our achievements have included:

Real Estate
. achieving excellent property sales results in a ‘soft’ market
. providing additional support to landlords adjusting to the changed market conditions
. completing a variety of professional development and training run by First National and the REIV

Events
. hosting the Property Information Seminar in July and the Retiring in Boroondara Seminar in September
. providing guest speakers for the Business Boroondara Network and Camberwell Business Club
. organising and running the launch of the Camberwell Professionals Association in October
. attending a wide range of events in the local area including the Business Roundtable Breakfast

Networking
. maintaining our membership and support of the BNI Boroondara group
. receiving media coverage in The Age newspaper and the Bricks and Mortar Program on 3WBC 94.1FM
. increasing our range of contacts and networks that we can refer business to in the local area
. becoming an Ambassador of the Camberwell Traders Association

Online
. establishing the O’Donoghues First National Blog at www.odonoghuesfn.com
. updating our website and blog with a range of local community information, events and resources
. establishing a social media presence on LinkedIn, Facebook and Twitter & enhancing Google Places
. producing a regular email newsletter (see past editions and subscribe at http://bit.ly/odfnpastnews)

Support
. continuing our support of the First National Foundation and the Australian Red Cross
. continuing our involvement with the Rotary Clubs of Hawthorn and Camberwell
. supporting Foundation Boroondara
. supporting the Camberwell Centre Association through the Camberwell Traders Association

For 2012 we will:
. continue to provide exceptional real estate sales and property management services
. expand and develop upon all of the above achievements
. begin our official sponsorship of the 3WBC 94.1FM Bricks and Mortar Local Community Radio Program at 11am on Saturday 8 February 2012
. issue our next Boroondara Quarterly Market Report in January

Our main mission is to put you first in Boroondara and we are happy to provide any type of real estate assistance to you at any time.

We look forward to connecting with you again in 2012. Best wishes once again for the festive season and a happy and healthy 2012.

Yours sincerely,

Simon O’Donoghue, Nick Pane, Gabriella Vertessy and team
O’Donoghues First National Real Estate
We put you first in Boroondara

m: +61 418 344 381
t: +61 3 9882 3303
f: +61 3 9882 6354
e: sales2@odonoghuesfn.com.au
w: www.odonoghuesfn.com.au
w: www.helperagent.com.au
b: www.odonoghuesfn.com
a: 269 Camberwell Road Camberwell Vic 3124

Photo left to right:
Back row: Gabriella Vertessy, Sue Ellson, Simon O’Donoghue, Nick Pane, Tania Pakoti, Georgia Caine, Lachlan Richards, Fred Bartlett
Front row: Georgia Burns, Michele Gunther, Jane Hearn, Liz Pane, Graham Burns (absent – Noel Halford) on 19/12/11

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Newsletter – Volume 1 Edition 22 – preparing your home for the holidays

Online at http://bit.ly/odfn122

O'Donoghues First National Real Estate

O’DONOGHUES FIRST NATIONAL REAL ESTATE CAMBERWELL
We put you first in Boroondara
Volume 1 Edition 22 – 20 December 2011

Hello and welcome to the O’Donoghues First National Real Estate fortnightly newsletter.  Please let us know if there is any information you would like to see included in future editions.

PREPARING YOUR HOME BEFORE YOU GO ON SUMMER HOLIDAYS
Yes, we know you are busy getting ready for Christmas, but remember that your home also needs to be prepared if you are going away this summer http://wp.me/p1TAAD-75

TO RENT OR TO BUY?
The interest rates have been reduced again, but is buying the best option in every situation? Read this article from First National for some interesting perspectives. http://firstnationalnews.com/2011/12/06/should-you-rent-or-should-you-buy/

REAL ESTATE INDUSTRY INSIGHTS
Macquarie Bank have interviewed some senior real estate industry executives about their views on what lies ahead for 2012. These two 10 minute videos from Real Estate Business Online provide useful information for principles, agents and consumers.
http://www.rebonline.com.au/multimedia/video/4517-executive-roundtable

PROPERTY NOW WEBSITE
O’Donoghues First National is now listed on the Property Now real estate website at
http://www.propertynow.com.au/directory/Real-Estate-Agents-CAMBERWELL-33.aspx

SUPPORT YOUR LOCAL SHOPS THIS CHRISTMAS
What would we do if we didn’t have our local shops? Now is the time to support the local shopping precincts in the City of Boroondara.  Find the newly created list at http://wp.me/p1TAAD-6C

Christmas 2011

Merry Christmas 2011

CHRISTMAS HOURS
Our office is closing on Thursday 22 December 2011 at 5:30pm and we will re-open at 9:00am on 4 January 2012.  If you have a real estate question during this time, please contact Nick Pane on 0418 344 381.  See our Season’s Greetings and achievements message at http://wp.me/p1TAAD-7l or attend the Christmas Day BYO Picnic Lunch http://wp.me/p1TAAD-7r

Season's Greetings

Season's Greetings

GET FIT IN 2012
Luke from Maizey Personal Training is offering a free initial consultation and the first session free if you sign up before the end of January.  Kick start your New Year’s fitness regime and call him direct on 0431 636 608 or email maizey_pt@live.com.au

O’DONOGHUES FIRST NATIONAL REAL ESTATE
We put you first in Boroondara
269 Camberwell Road, Camberwell Victoria 3124
Nick Pane 0418 344 381
Simon O’Donoghue 0407 315 049
Gabi Vertessy and office 03 9882 3303
www.odonoghuesfn.com.au (website)
www.odonoghuesfn.com (blog)
sales@odonoghuesfn.com.au

PROPERTIES FOR SALE
http://bit.ly/odfnforsale

PROPERTIES FOR RENT
http://bit.ly/odfnforrent

PROUD SUPPORTERS OF
Bricks & Mortar Radio Program
3WBC 94.1FM Sat 11am www.bit.ly/3wbcbricksandmortar
Camberwell Centre Association www.camberwellca.com.au
First National Foundation www.firstnationalfoundation.org.au
Foundation Boroondara www.foundationboroondara.org.au
Rotary Club of Camberwell www.camberwellrotary.org.au
Rotary Club of Hawthorn www.hawthornrotary.org.au

PROUD MEMBER OF
BNI Boroondara www.bni.com.au/chapter_details.asp?chap_id=4849
First National www.firstnational.com.au
Helper Agent ® www.helperagent.com.au
Real Estate Institute of Victoria www.reiv.com.au

FIND US ON
Google Places, Facebook, LinkedIn, Twitter

SEE PAST NEWSLETTERS
http://bit.ly/odfnpastnews

Disclaimer – If your property is currently listed with another real estate agency, please disregard this newsletter.

To unsubscribe from the O’Donoghues First National Real Estate Mailing List, please reply to this email with ‘Unsubscribe’ in the subject line.

To subscribe to the O’Donoghues First National Real Estate Mailing List, please send an email to sales2@odonoghuesfn.com with ‘Subscribe Newsletter’ in the subject line.

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Preparing your home before you go on summer holidays

Preparing your home before you go on summer holidays

As you prepare for Christmas and go to all of the parties, events, church services and special occasions, don’t forget to make some time to prepare your property before you go away.

Santa at the beach

Santa at the beach

Now is the time to:
. suspend your newspaper deliveries
. add a ‘no junk mail’ sticker to your letterbox
. redirect your mail if you are going to be away for more than one week
. place all of your indoor pot plants in the coolest part of the house and add water retention products before watering them well
. ask a trusted friend or neighbour to check on your property at least once a week and contact you and the police if there are any concerns
. provide written contact details in case of an emergency to a trusted friend or neighbour (including landline numbers as mobile phones do not work at all holiday locations)
. tidy up your garden and mow the lawn close to your departure date
. complete all your washing so that you can pack whatever you need
. ensure that you have a printed or electronic copy of any essential documents or passwords that you may need in the unlikely event that your home is damaged

Before you leave
. make sure you lock all doors and windows (including the garage and any outdoor buildings)
. turn off your hot water service (you may also like to ask your neighbour or friend to turn it on the day before you return)
. make sure all taps are turned off firmly, all electrical items are unplugged (except the telephone and fridge/freezer) and your indoor rubbish bins are emptied
. all food items in the pantry are sealed firmly and perishable food is given to someone who can use it
. you leave curtains and blinds as if you are living at the property and consider having a low voltage lamp connected to a timer that turns on between 9pm and 11pm each night.

Further suggestions can be found in this article, particularly about whether or not you should consider buying a holiday home whilst you are away.

And of course – happy holidays from all of us here at O’Donoghues First National Real Estate in Camberwell!
www.odonoghuesfirstnational.com.au

Safe Decisions Can Make The Most of Your Holiday

http://firstnationalnews.com/2011/12/16/safe-decisions-can-make-the-most-of-your-holiday/

For people heading off on holidays, First National Real Estate’s National Communications Manager, Mr Stewart Bunn, says to be careful to make sure homes are left safe and secure and to think carefully too, if considering a holiday home purchase.

“Holidays are great times for criminals to get to work if they believe a home is empty.  It’s also a time when vacationers ponder their existence as they sit back and enjoy the relaxing lifestyle on offer in popular holiday spots,” Mr Bunn said.

“No one likes returning from their holiday to find dead plants, over stuffed mail boxes, or even worse, stolen or broken treasures from a burglary.

“But they do like to think about ways of making the holiday euphoria last longer than the few weeks away.”

Mr Bunn said with some careful planning and forward thinking, home owners can find they peace of mind they seek whether they are leaving for vacation or looking for ways to extend it.

“Anyone considering heading off for a well-deserved rest should start now to put some simple, cost effective measures in place for while they are away,” Mr Bunn said.

“Unattended homes and cars act as green lights for burglars, which is why it’s important to take as many precautions as you can to ensure you don’t return from your holiday to find you’re a victim of crime.

“Turning on security lights or alarm systems is a great place to start, but the best thing you can do is ask the assistance of a trusted friend, neighbour or family member to collect the mail each day, put out bins at collection times, park a car in the driveway or adjust curtains and blinds.

“This helps give an impression of someone still being at home and deters unfriendly and unwelcome visitors.”

According to Mr Bunn, a common trend for people on vacation is to fall in love with the holiday spot and look at purchasing in the area to either move into, or retire to, at some later stage in their lives.

“It is easy to get carried away with the relaxing lifestyle of a holiday home and many people want to either relive this time away, or adopt it as a new way of life,” Mr Bunn said.

“But, purchasing a holiday home should only be done after careful planning and consideration of all the factors, beyond the pleasant experience.

“A holiday home purchase comes with some financial considerations such as use or purpose of the home when the owner is not there. These matters have potential long-term impacts and tax implications.”

Holiday homes can attract capital gains tax on the difference between the purchase price and the later sale price, should the decision to sell ever arise.

“However, many holiday home owners neglect to expand their purchase cost base by adding the expenses involved with holding the property, including council rates and water bills, major extensions or repairs, strata levies, garden maintenance and interest on mortgage repayments,” Mr Bunn said.

“This can reduce the taxable component of the sale by many thousands of dollars, which is why it is important to ensure you keep all receipts for any expenditure on the house, including legal fees, stamp duty and any other costs relating to the purchase.”

Mr Bunn advises when looking to purchase a holiday home, to approach it in the same way you would any property investment and make sure it is in the right location.

“A holiday home may also double as an investment property, given it is vacant for most of the year Mr Bunn said.

“So it is important to ensure it is close to transport or employment opportunities, especially if it is in regional areas, otherwise it will be less desirable as an accommodation option for renters.”

There is a lot more holiday property advice says Mr Bunn and your local First National team can offer assistance. http://www.firstnational.com.au

For further information contact Stewart Bunn, National Communications Manager, First National Real Estate, on 0413 624 317

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Reciprocal Links for O’Donoghues First National

Reciprocal Links for O’Donoghues First National

We are very fortunate to be able to share reciprocal links with a variety of different websites.

Multiple Links

These websites have time based page links (the link only exists whilst a property is being advertised) and this may appear and disappear depending upon our current listings of properties for sale or rent.
Domain www.domain.com.au
Craig’s List http://melbourne.craigslist.com.au/reb
First National Real Estate www.firstnational.com.au
Helper Agent® www.helperagent.com.au
Home Hound www.homehound.com.au
Open 2 View www.open2view.com.au
Property.com.au www.property.com.au
Real estate.com.au www.realestate.com.au
Real Estate 1 www.realestate1.net.au
Real Estate View www.realestateview.com.au
Rent www.rent.com.au

Profile Pages Published Online
This is where our business is profiled online

First National
www.firstnational.com.au/?pageCall=officeSearch&agentID=1570

Hot Frog
www.hotfrog.com.au/Companies/O-donoghues-First-National

Property Now Real Estate
http://www.propertynow.com.au/directory/Real-Estate-Agents-CAMBERWELL-33.aspx
http://www.propertynow.com.au/directory/Real-Estate-Agents-HAWTHORN-40.aspx
http://www.propertynow.com.au/directory/Real-Estate-Agents-HAWTHORN-EAST-41.aspx

True Local
www.truelocal.com.au/business/odonoghues-first-national-real-estate/camberwell

Yellow Pages
http://www.yellowpages.com.au/vic/hawthorn-east/first-national-real-estate-odonoghues-14154316-listing.html

Article Published on Another Website

Newcomers Network www.newcomersnetwork.com/publications/111027_your_business_online.php

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