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Ray White Bunbury Blog

Wow

Clever stuff - just reading about QR-Codes, I'm impressed!

 

 

Housing 2020

The Housing to 2020 Report Highlights Need to Boost Supply
Read the full HIA Media release:

http://www.propertymastermind.com.au/files/HIA-Housing-Report.pdf

 

Interest Rates

Reserve Bank Interest Rate Announcement

Worried mortgage holders had some good news today - the Reserve Bank kept interests rates on hold at 4.75 per cent for another month.

Rates have been on hold since the Reserve Bank hit borrowers with a surprise increase on Melbourne Cup day last November.

Each 0.25 per cent interest rate rise adds another $60 to the monthly cost of an average Australian mortgage.


 

   

Video Tours Now Online

We have some great properties available to rent

http://www.raywhitebunbury.com/for-rent.html

Make the search for a new home easy and check out some video tours: 

http://www.youtube.com/user/bunburyproperty

 

 

Smoke alarms and RCDs

Smoke alarms and RCDs

The two year transition period for the installation of smoke alarms and RCDs in residential rental properties is coming to an end.

Up until the end of the transition period it was only a requirement to install the devices when there was a change of tenancy.

Upon the termination of the transition period all premises subject to a residential tenancy lease (written or verbal) must have the devices installed.

By next Monday, 8th August 2011, all residential rental properties must be fitted with at least two RCDs. RCDs must protect all power and lighting final sub circuits. Owners of strata titled property can apply for an exemption where there is insufficient space, the meter panel contains asbestos or there is a financial requirement that cannot be met.

By 1st October 2011, all residential rental properties must be fitted with mains powered smoke alarms.

   

Welcome news for borrowers

The Reserve Bank has decided to keep rates on hold at 4.75 per cent. Those who can afford to do so though, should always pay more off their mortgage, as it provides a buffer against further rate rises, and can help to free households of mortgage debt sooner. The official interest rate is now 4.75 per cent. Mortgage holders on variable interest rates are being charged a standard variable rate of about 7.83 per cent by their lenders.
 

Attention: Eaton & Millbridge Residents

Our friendly team will be at Eaton Fair Shopping Centre thisThursday 30/6/11 9:30am-5:30pm Call in, meet the team and have a chat about your local area.Ask us questions about Selling, Renting, Buying or Property Management we are there to help…www.raywhitebunbury.com
   

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