Three Colour Combos to Consider for Your Home

If you feel overwhelmed with the thought of making over your entire home’s colour scheme, don’t be. It is easy to get done with the help of some tips from the experts.

Here are some tips for the seamless colour combos to design warm spaces this winter.

  1. Rich and decadent bedroom use burgundy and charcoal

You can easily create a comfy retreat in your bedroom next winter by amplifying the lush notes of burgundy plus charcoal, which are popular right now.

Keep it up to date by integrating these colours with accessories, cushions and throw rugs.

Here is the best styling tip for your bedroom: consider texture and silky materials. For example, create an easy-luxe vibe using velvet, or create a cosy and comfortable space to rest with jersey bed linen.

  1. Modern yet classic kitchen and dining area use blonde wood and matte black

There is no other perfect natural material than timber.  Timber is characterised as earthy and having a grounding effect on any space. It is open and possesses comfort.

To take full advantage of timber’s excellent elements, organise your table, preferably made of wood, with matte black ceramics, tableware and cutlery for a contemporary vibe.

Add textiles and layers as combining these two distinct materials, to design a contemporary, functional table setting.

Here is the ultimately expert tip for kitchen styling: Black plates make food look great, and perhaps a little luxurious.

  1. For a nature luxe feel to living spaces combine mist and gold

Combining nature and a little bling adds a touch of luxe to interior spaces. Use decorative but functional gold objects in your living areas to create a luxurious feel and combine this with cushions and throws in soft-mist tones.

For the ultimate living space styling tip: Less is more. Keep things simple, assemble a few of your favourite gold pieces to create a beautifully and stylish vignette.

 

 

Australia’s Housing Market is on a Downturn. How Bad is it?

For Australia’s toughest market, Sydney, prices are down nearly 9% from its highest levels and even in Hobart, where values remain up at 5% from 2018, the market is on a downturn.

This change is attributed to stricter finance requirements, a drop in local and foreign investors, and a marked shift in sentiment.

Till at least mid-2018, values appear like they will remain on a downtrend in Sydney and Melbourne.

Although there are plenty of negative sentiments, the market is not in a pricing spiral as some analysts said.

Total listing volumes are increasing because it is taking longer for homes to sell, but new listings are declining.

Historically in the middle of a major slowdown in housing, listing volumes grow steeply with owners not having a choice but to sell, and currently this is being experienced in Australia.

In general, Australia’s economy is strong. Unemployment rate is down and business investment is growing. Though many workers are not receiving the wage hike they like and their spending habits are not like before, Australia is definitely not moving towards a financial crash.

In other price crash Australia suffered, like the subprime mortgage disaster in the US, thousands of people were becoming unemployed. However, that is not happening here.

Job loss is the real concern. If your friends and family are losing their jobs and you feel insecure about yours, then that it the time to be concerned about price declines.

In many parts of Australia, jobs and population growth are up. However not like in Perth and Darwin where values have been declining due to an economic slowdown, Sydney and Melbourne are both experiencing solid employment conditions.

There are other statistics that are worth noting beside the good employment figures: the low office vacancy rates, and the strong rental demand.

This slowdown is attributed to finance and is self-inflicted, meaning there is no global financial crisis where we cannot do anything about the situation.

A big concern right now is the sentiment in the property market. Price declines are affecting sentiment, which is worrying the Reserve Bank of Australia – not specifically due to the effect on wealth, but the worry it causes people.

Self-assured consumers reflect positively on the economy since they purchase and invest more. If they lack confidence, the deficiency in spending impedes economic growth. At the moment, as the RBA said, a wage increase is very much needed by all.

There have been further declines in Sydney and Melbourne until now. Since the federal election buyer confidence is slowly returning and it is expected that we may in fact be at the bottom of the market now rather than the beginning of 2020 as predicted.

So it seems the market is not as bad as first thought and that it is recovering faster than analysts forecasted.

 

 

Five Tasks that People Should Not DIY When Preparing their Home for Sale

You have to prepare your home if you are planning to sell it. However, it terms of getting the best price possible, going the DIY route may not always be the ideal choice, even if you can save yourself a lot of money.

It is easy for buyers to notice sloppiness, laziness and poorly made finishes. A shoddy renovation creates a sense that the house has flaws that are being hidden, and buyers may speculate what other things are wrong with the house.

Without achieving a professional result from any hasty repairs you plan to do, the best course maybe to stop immediately and call in the experts.

Contingent on your handyman skills, here are some tasks that you either action or delegate:

 

  1. Cleaning

Your house should be spotless throughout during open inspections. Kitchens and bathrooms are considered as the most essential spaces to draw in buyers, so these spaces should be paid particular attention. This means a thorough cleaning beneath the sink, behind the loo, and inside the oven plus regular surface cleaning.

What is worse than dirty windows? Streaky windows. Carpets look new and fresh with a steam cleaning rather than just vacuuming.

All interior tasks will require time and effort, but you’re not finished there. You have to also tend to the outside like the paths, eaves and fences.

Professional cleaners can do the job in a fraction of the time it will take you to complete it. They have the training, experience and equipment to complete a task fast and well, including steam cleaners, pressure washers, pole-extended window cleaning devices for hard-to-reach windows, etc.

 

  1. Painting

The rule of thumb when it comes to painting is: use neutral colours to attract as many buyers as possible. Painting is an easy enough project, right?

However, how many have failed at this ostensibly simple job because they are not quite adept at cutting in to achieve that sharp finish around architraves and crown mouldings? Or worse, attempted to paint over dark walls but after numerous layers you feel like that original colour is still not completely covered?

Many tricks and techniques are used to achieve the perfect paint finish. Painters have the gear, skills and can complete the task fast, and you can guarantee that the result will present the house in the best way possible.

The paint that painters use are bought at a discount, so while you have to pay for the services of the paint, you can save a few dollars on the paint itself.

 

  1. Gardening

A house can become instantly appealing with indoor-outdoor living, but can become a tangle of weeds and shrubs creating an impression of disrepair and hard work for the new owners.

Outdoor spaces should be made to look as big as possible. While you can slash the bushes and chop some tree limbs, do you have real skills to do it?

Each species of tree and shrub has a distinct way of growing. If they are not pruned right, they could grow spiky branches with no foliage, or a bare lawn that will not regrow in time for the open houses.

Expert gardeners have the know-how to prune plants so that they continue to be healthy and looking beautiful. They can also give advice on how to quickly make over your garden to boost its appeal, like plant in a certain moist dark area or what will survive in a dried-up flower bed in the hot sun.

 

  1. Electrical and plumbing task

Is there a blockage in the kitchen sink? Are you smelling something weird from the laundry drain? Is a sunken ceiling light flashing irregularly that it is giving you a migraine?

Maybe it is easy enough for you to do some tasks like changing a light bulb or using a drain cleaner. But it is never a good idea to hide plumbing and electrical issues, because a pre-purchase inspection will reveal the problems and buyers will either realise unwelcome future additional costs, or will attempt to use the issues to lower the agreed purchase price of your home.

Plumbing and electrical work must be done by a licensed tradesman, so don’t even think about doing the job yourself.

 

  1. Styling

We watch amazing home makeovers on the tv and think that we can do the same thing easily.

In real life, it’s not so easy to look at your own house and see “what could be.” DIY styling could involve dragging old furniture out and entirely replacing it indefinitely for show but there are stylists and furniture-hire services that specialise in home staging furniture for a fraction of the cost.

It is the business of home stylists to identify what will attract buyers and they have industry connections where they can source inspiring furniture and accessories to create an appealing look. You can avoid so much of your time and effort by hiring an expert.

 

 

Rock Bottom Prices May Be Available to Bargain Hunters Only until the End of 2019

Homebuyers who are seeking a bargain may want to do so soon, as new estimates state that property downturn could end as early as the end of 2019.

It is currently a strong buyer’s market, but it could come to an end with an impending perfect storm of market forces supporting declining prices.

According to housing experts, recent changes, such as the potential culmination of the current credit squeeze, more cuts in rates and the inevitable future of negative gearing, are shifting the direction of the market, which had been forecasted to only bottom out by mid-2020.

This would have a significant effect on sales.

Initial figures hint prices were continuing to decline at a slower pace than in 2018.

The median home price in Sydney had declined almost 14% since the market reached its highest level in July 2017. However, much of the impact was experienced in 2018.

Since January, the decline has been losing momentum, and continues to do so in May.

Weekend auction figures revealed that some buyers have started reacting to the changed conditions. Figures showed that citywide clearance rate reached 69.9% with 505 of 697 auction results confirmed. It is possible for the clearance rate to decline as more results come in, but the figure is expected to be the highest in nearly a year.

Weekly clearance rates have stayed close around the 55% level most of the year.

Auction experts observed that homeowners who are considering upsizing or downsizing could relax. Plenty of them have been playing the waiting game because they were not sure of how Labor negative gearing changes would affect house values.  But now buyers are more confident about making a bid.

However, the real test could happen in August when the typically calm winter period for sales comes to a close.

Prices were not likely to begin increasing again at a fast pace like the lead up to 2015 and 2016, and buyers would gain more confidence.

Though underlying factors that are likely to hold down prices for a while longer, the negatives for the market have disappeared.

Signs show the market going flatter, which means there is more balance between buyers and vendors, which is very positive.