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Local News

7 OUT OF 10 LANDLORDS WILL SELL THEIR PROPERTIES IF RENTAL CAPS/RENT FREEZES ARE INTRODUCED

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7 out of 10 landlords sell their properties due to rental caps/rent freezes
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7 OUT OF 10 LANDLORDS WILL SELL THEIR PROPERTIES IF RENTAL CAPS/RENT FREEZES ARE INTRODUCED

 

The introduction of rental caps and rental freezes would have a disastrous impact on the Australian rental market with a national survey of landlords revealing that nearly 7 out of 10 would make them more likely sell their properties if they were introduced.

The snap survey was undertaken last weekend of Property Club members which is the largest independent property investment group in Australia.

Kevin Young, President of Property Club, said that the survey confirmed that a rental cap and/or rental freeze being proposed by the Greens Party as part of the Federal Housing Australia Future Fund Bill would lead to even higher rents and greater homeliness throughout Australia.

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“The snap survey of Property Club membership found 67 per cent would be more likely to sell their investment properties if proposals such as rent freezes and rental caps were introduced

“18.8 per cent said it would have no influence on their decision to sell, with 13.1 per saying they were unsure if they would sell.

“The survey confirms that many landlords are already under financial stress, and any additional cost burdens imposed on them by Government would lead to a stampede of property investors exiting the real estate market.

“The upswing in investors already selling out of the property market was underlined by recent figures which showed that investor listings as a share of all listings hitting a record high of 40 per cent in Sydney and 36 per cent of listings in Melbourne in June, just shy of that city’s record.

A graph of landlords selling their properties

Question asked – “If Federal Housing Australia Future ill included proposals such as rent freezes/caps and additional powers of tenants, would this influence your decision to sell your investment property/properties?”

“2.2 million family investors supply private rental homes Australia-wide and the prospect of rent freezes or rent controls is now of deep concern to these mum and dad investors.

“The constant speculation in the media about rental caps and rental freezes is already starting to cause these mum-and-dad investors to put a pause on investing in the real estate market.

“Any rental caps or freezes would be the final straw that breaks the property investor camel’s back in Australia. They would lead to even fewer rental properties pushing up rents and leading to a homeless crisis in Australia.

“Mum and Dad property investors have not only had to endure a massive hike in interest rates since early 2022 but limits on how often they can increase their rents. Their interest rate payments have also exploded as a result of many of them being forced onto interest and principal loans from interest-only loans due to regulations imposed by APRA.

“Property Club is calling on the State and Federal Governments to publicly rule out any suggestion that a rent cap/freeze will be imposed on landlords so that confidence is restored to the property investment market”, he said.

 

For more real estate news, click here.

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Casino NSW News

Casino Showground Bookings Now Available

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Casino Showground Bookings Now Available

 

We are excited to announce that the recently revitalised Casino Showground and Racecourse precinct will commence accepting bookings starting from Monday, June 3rd.

With a generous funding injection of $12.8 million from the Bushfire Local Economic Recovery Fund, alongside contributions from various sources including the NSW Showground Stimulus Program, Drought Communities Funding, Crown Lands, and Council, the total investment in this redevelopment has reached $14.4 million.

This newly enhanced facility boasts a range of features including a spacious undercover arena, an outdoor sand arena, turfed areas, covered stables, and a state-of-the-art racehorse stable complex capable of accommodating up to 80 horses. Additionally, new parking areas for cars, trucks, and floats have been added for the convenience of visitors.

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Of notable appeal is the newly constructed racehorse exercise area, which includes round yards, a horse walker, and a 50-metre equine pool. These amenities are expected to draw considerable interest from equestrian enthusiasts and event organizers alike. Furthermore, enhancements such as powered event camping areas have expanded the facility’s versatility, allowing for hosting a diverse range of events including country music festivals, car shows, trade exhibitions, and markets.

Despite the official opening ceremony held on April 20th to commemorate the acknowledgment of government funding, certain essential construction tasks remain pending due to unforeseen circumstances. These include the high-voltage power upgrade, completion of the equine training area, and fencing installations crucial for ensuring the safety of all facility users.

Unfortunately, adverse weather conditions in the Northern Rivers region have exacerbated delays, saturating many areas of the facility and rendering them unsuitable for immediate use. However, efforts are underway to expedite the finalisation of these outstanding projects in alignment with the originally tendered project costs.

In tandem with these developments, the Council is set to deliberate on its Draft Revenue Policy for 2024-2025 at its upcoming meeting. This policy will outline the proposed fees for utilising the facility and will undergo a public exhibition period of 28 days following the meeting, during which community feedback and submissions will be welcomed.

We extend our gratitude to all existing stakeholders and potential users for their patience throughout this project’s completion, which has been hampered by unforeseen challenges. We eagerly anticipate opening all elements of this facility to serve the broader community.

For those interested in booking the venue, please visit the Council’s venue hire website.

 

For more Casino news, click here.

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Evans Head News

Serenitas Celebrates Grand Opening of Multi-Million Dollar Clubhouse at Thyme Lifestyle Resort Evans Head

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Serenitas Celebrates Grand Opening of Multi-Million Dollar Clubhouse at Thyme Lifestyle Resort Evans Head

 

Serenitas, a leading provider of lifestyle communities and resorts for individuals over 50, proudly announces the grand opening of the state-of-the-art Clubhouse at Thyme Lifestyle Resort, Evans Head. The celebratory event saw enthusiastic homeowners joined by Mayor Robert Mustow and Serenitas CEO Rob Nichols, who officiated the ribbon-cutting ceremony.

Nestled in the tranquil coastal enclave of Evans Head, the Clubhouse epitomises refined living and leisure. Located near the historic Evans Head Aerodrome and a short walk from pristine beaches, Thyme Evans Head offers an unparalleled blend of luxury and laid-back coastal charm.

Rob Nichols, CEO of Serenitas, expressed his excitement about the new facility: “We are thrilled to be opening the Thyme Evans Head Clubhouse, inviting residents and their guests to immerse themselves in the pinnacle of luxury living. With its striking architecture, ties to Evans Head’s aviation heritage, and a host of premium amenities, this opening heralds the next inspiring chapter for the resort’s homeowners and underscores Serenitas’ unwavering commitment to excellence.”

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The multi-million dollar Clubhouse features an array of exquisite facilities, including a fully equipped gym, heated swimming pool, health and beauty studio, luxurious cinema, sports bar complete with darts and pool table, croquet court, and more. A standout feature of the Clubhouse is the sophisticated Evans Lounge, providing homeowners a serene setting to enjoy views over the aerodrome by a cozy fireplace.

“The Clubhouse caters to every taste,” added Mr. Nichols. “From our active residents utilising the fitness facilities to our social groups making use of the Art & Craft Studio and other recreational spaces for gatherings and events.”

Demand for homes at Thyme Evans Head has been incredibly strong, with sales surpassing expectations since its inception. Located in the highly sought-after Northern Rivers district of NSW, Evans Head has emerged as a coveted community known for its relaxed coastal vibe and pristine waters.

“Our homes have garnered significant interest and are selling at an unprecedented pace,” remarked Rob Nichols. “With prices starting from $615,000, we are preparing to release our final homes for sale, reaffirming Evans Head’s status as a desirable destination for discerning homeowners.”

For more information about Thyme Evans Head, please visit here.

 

For more Evans Head news, click here.

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Local News

Ranger Nick Honoured with Australian Owned Achievement Award

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Ranger Nick Honoured with Australian Owned Achievement Award

 

In a competitive field of contenders, Ranger Nick emerged victorious, securing the prestigious “Australian Owned Achievement Award 2024” in the recently announced Australian Owned Business Awards on May 7, 2024.

Surprised by the announcement, Ranger Nick received a message from the judging panel praising his unwavering commitment to Australian ownership and excellence. The panel acknowledged the stiff competition and commended Ranger Nick’s business as a leader in its domain.

Reflecting on the unexpected news, Ranger Nick expressed his elation, stating, “I was on my way to the Capella Country Music Festival, after spending a few days in the scrub with no mobile reception, when I received the news. Needless to say, I am absolutely thrilled, flattered and honoured.”

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This accolade marks Ranger Nick’s third triumph in a year, following his recognition as a Finalist in the Australian Small Business Champion Awards and as a Winner in the Innovation and Sustainability Excellence category of The Australian Rural Business Awards.

Renowned as the charismatic Aussie Bush Cook, Ranger Nick embodies the authentic Australian spirit with his unwavering passion for Australian heritage and traditions. He has dedicated himself to sharing his camp oven cooking and bushcraft skills with fellow adventurewrs across the country and abroad.

With four published books, his own merchandise line, and notable appearances on television and radio, including Channel 7Mates’ “Step Outside with Paul Burt” and West Bremer Radio, Ranger Nick’s influence continues to grow.

Grateful for the support he has received, Ranger Nick humbly thanked his supporters, expressing his determination to continue his endeavors. “I extend my heartfelt thanks to all for your unwavering support,” he said. “I better pull up my socks and keep on going.”

Ranger Nick eagerly anticipates receiving his official trophy at the Dayboro Annual Show in early July, marking another milestone in his illustrious career.

 

For more local news, click here.

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