Top 10 renovation mistakes

October 1, 2010 § Leave a comment


Planning to succeed is the key to adding value.

If you’re planning a renovation, there are 10 sure-fire ways to devalue it, according to building advisory service Archicentre.

These range from poor planning to going over the top on things such as taps and ovens. Archicentre’s Angus Kell says the most important step to ensuring value from a renovation is good planning.

If you are renovating in stages, you need a master plan so you don’t waste money.

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Australia would buck another global downturn

September 21, 2010 § Leave a comment


Australia‘s economy is the envy of the developed world.

Not only did we escape the global downturn with hardly a scratch, but we’re in a very strong position to withstand any more external economic shocks.

We have interest rates back up to average levels and government debt at much lower levels than any of our overseas counterparts.

This means that if the US fell into recession again, or even if China’s economy took a turn for the worse, Australia still has the levers to stimulate the local economy.

When it comes to housing, the strength of the local market has overseas investors and commentators all worked up, even given the moderation in price growth experienced over the last quarter.

Foreign financial markets are convinced that Australian housing is the next big bubble that is about to burst.

Many major retail and investment banks recently released their perspectives on the situation and they all came to the same conclusion – there is no speculative “bubble” in the local property market.

Even if you subscribe to the view that Australian housing is relatively expensive, the sequence of events that would need to occur to spark heavy prices falls is unlikely.

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Docklands studio wins funding in bid to be more telegenic

September 13, 2010 § Leave a comment


The Docklands studio complex is set to get an injection of funds from the state government in a bid to make it more attractive to television producers.

Innovation minister Gavin Jennings will announce that the government plans to spend $10 million to upgrade and modify the largest of the complex’s five sound stages to enable it to host two television productions simultaneously.

Sound stage 5, which recently housed Talkin’ ‘Bout Your Generation and will soon house Ten’s Commonwealth Games coverage, currently can host only one production at a time.

Upgrades will include new flooring suitable for TV productions, additional storage facilities to house sets, and the widening of roads throughout the studio complex to improve access for large trucks.

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Missing: spring investors

September 13, 2010 § Leave a comment

With Australia’s residential property sector finally coming off the boil, investors should be set to head back into the market to take advantage of easing demand and weakening buyer competition.  

But while owner occupiers and first home buyers are fast disappearing from the market, the latest figures from the Australian Bureau of Statistics show that investors aren’t exactly jumping in to take their place.

It’s a sign of just how strong Australia’s property market became over the last 18 months that investors are now finding it a bit of a struggle to see a profitable way in.

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