For 2022, there is not one colour or shade that’s currently popular. The trend is simply towards colour in general, or just not white!
The trends in home colours change in decades, not years, so it’s too soon for plain white to make a comeback. With that said, some of the most popular colour trends for living areas for 2022 are:
After a decade of “being beige”, up next is a decade of different shades of green, from the cheerful, stronger greens, to the softer colours, like eucalyptus. One of the shades that has gained broad appeal is sage green, a light, dusty shade of green. It is the most innocuous pick for people who like colour, but is hesitant to go bold.
Another trend is more pastel colours, ranging from soft to intense to more low-key. These are the colours you would usually see in Italian gelato shops. There are columns of pure, pastel colours and those faintly dustier tones. Both of these colour ranges have equal space in the market. You can also consider a bright mango or deep coffee, then you have more subdued pistachio, banana, peach or macadamia.
Subdued Memphis Milano
Memphis Milano is a trend in the 80s, consisting of contrasting block colours in primarily geometric patterns. This style is making a comeback, but with dusty or subdued tones. This style has many colours together that are contradictory on the colour wheel. For example, it would be common to see a lilac beside a yellow.
Here are more examples of colour wheel opposites:
Red and green
Pink and green
Blue and yellow
Blue and orange
This can be considered wild for people who are just beginning to explore colours and can be quite blunt. However, it becomes quite the opposite when combined with the trend of subdued dusty or pastel colours.
On the other hand, there is also a trend towards pairing colours that are located right next to each other in the colour wheel. For example, a lilac next to a pink.
The colours right next to each other include:
Blue and green
Pink and red
Pink and purple
Yellow and orange
Yellow and green
Again, this can be described as more light and subdued rather than bright and bold.
It is alright for the living area to be a little cooler in relation to colour shades. Your whole house need not be done in warm colours, or it becomes too sweet.
The disparity between faintly warmer tones in the bedroom and colour tones such as greens and blues in the living areas complements each other.
How to choose colours:
If you’re unsure which colour to pick for your home, here are tips to guide you:
1. Ask the professionals. You don’t need to pay for one because there are apps that can help you with colour selection and creation.
2. Be confident. It’s actually rare for people to paint a room and regret it after, especially if they choose soft colours and gentle tones. There is a big gap between people’s fear of colour and then how satisfied they are with the results.
3. Use samples. They are a lifesaver. Paint large squares on your wall, leave it for a few days and then make a decision.
Check out more colour combinations at my Pinterest Board.
Who doesn’t want a successful home sale? Everyone, both experienced investors and first-time sellers aspire for great results when selling a house.
Here are the things you need to consider before putting your house on the market:
- Hire a real estate agent
One effective method of picking a real estate agent is by attending open for inspections and talking to the agents as a buyer. Inspect the house and act like a buyer. Take them for a ‘test run’.
This approach allows you to understand the services that they are going to provide to you and determine if their selling style is right for you.
- Pick a time to sell
What is the best time to sell?
Consider your family’s plans. You may not want to time it when one of your children is preparing for exams or if there is a new baby in the house.
Also take into account the weather and which season makes your house and garden really stand out.
Many people prefer spring to sell, but the real estate market is open all throughout the year.
- Do the necessary repairs
There may be some areas in your house that need to be fixed before it can be sold. One of the first things you need to do is organise quotes for all repairs.
Once you have all the quotes lined up, you can determine the advantages and disadvantages of doing the repairs.
- Presentation is the key
A sales campaign hinges heavily on how you present your house.
A professional house stylist can help you design your house in such a way that it appeals to many buyers. The stylist will discuss ways to highlight the best features of your home and help you to declutter and depersonalise your home so it’s easier for the buyer to imagine what they want to do in the space and how they will live there.
- Understand your sales approach
There are different ways to sell a house – auction, tender, private sale or expressions of interest.
Each method has its pros and cons. Choose the best one for you by looking at the sales data/history in the nearby areas and talk with your agent.
- Be realistic in your expectations
The people around you may have an opinion about how much you should sell your house. But we warned that their estimations are most likely not as accurate as your agent’s.
Rely on the agent’s experience instead.
It isn’t difficult to find a good place in Australia where you can build your dream home. However, a place where you live is not the same as a place where you feel you belong.
How do you know that a place is where you will feel at home?
If you are buying a house, it is important to find a neighbourhood that not only has the best to offer, but it is also the right match for you.
Here are some questions you need to ask yourself when you’re searching for a community where you really belong:
- Is it a fit for your lifestyle?
When you’re searching for a home, the most important thing to consider is that it is a place that you want to live, rather than a place that ticks the boxes.
You should choose a place that matches your daily life. For example, if you have children, you should choose somewhere with nearby parks, safe roads and good schools.
Retirees would also want somewhere safe, possibly with a dog park, close to shops, preferably on the flat or where there are also other retirees.
Younger buyers will likely prefer places that are close to restaurants, public transportation and entertainment.
Before starting your search, know exactly what you want. Think about what you like to do during your spare time and then find a suburb that matches you.
- Do you relate with the theme?
It is important to consider the general vibe of a neighbourhood as it is what you will experience in your daily life.
If you’re a nature-loving person, then a green-themed community where there is fresh air, peace and quiet will appeal to you.
On the other hand, choose a trendy urban neighbourhood if you’re into the hustle and bustle, easily accessible modern amenities, and a thriving village-style precinct.
You may already know what you want, but the challenge is finding it. Look at as many options as you can and it will feel just right when you find the right one.
- Are the amenities you need available?
Is grabbing a cup of coffee from your local café or doing laps at the local pool part of your morning routine?
Or, do you want good schools, a shopping centre or proximity to the CBD.
Amenities are essential because they make life easier and more convenient. They are also an opportunity to meet neighbours and like-minded people in your community.
Think about what amenities matter to you the most and find a development or neighbourhood that can offer everything that you’re looking for.
- The availability of community foundations
Community spirit doesn’t just appear out of the blue. There should be opportunities to encourage relationships.
To foster connection, many developments integrate central spaces into their design. However, search for developments that do more, such as running social programs to foster connection among residents.
West in Wickham have a community garden, growing fresh produce on the mezzanine level which they share with the entire building. West also arrange for a variety of food trucks to frequent on Friday evenings and even book entertainment for the complex. They have their own Facebook group for residents and a website connecting everyone who chooses to interact.
Other programs can include special events for major holidays like Christmas, open movie nights and board game nights.
- Engaging communal spaces
In most new developments, there will be a park or some type of communal space where residents can hang around. However, these areas should serve a function, not merely an afterthought.
It is important that a park, an open space or an urban cityscape be relaxing, practical and have a great ambiance that gives them value.
Residents have to actually want to go there, mingle and interact.
- Does it bring pride?
We all want to live in a neighbourhood where we get a sense of joy and satisfaction. Your view of your community is important because you want to feel you’ve made the right choice every time you step outside of your home.
If you don’t have pride in your community, you may end up dissuading friends and family visiting, or not telling people exactly what your postcode is, so it’s important to make the right choice before you buy.
The January to June period of 2022 will be a little bit out of the ordinary as a number of calendar events in Australia will be impacting market activity.
These events include the Easter long weekend (April 15-18) and the school holidays (April 11-15). In addition, Anzac Day falls on a Monday in 2022, so that would also be another long weekend. However, the most impactful one is the federal elections, which will happen on May 21 2022.
So right now, the month or so prior to an election is usually quiet in the property market. For this year, it seems that this period has begun as the school holidays start. This means it may affect some activity for a few weeks.
This year, there will likely be a “wait and see” for buyers and sellers due to the lack of predictability about who will win in the elections. While there is nothing definite on whether investment taxes or anything property-related will be included in the agenda, it will be a tight race. This means a degree of uncertainty that will compel some buyers and sellers to wait until the election is over before making a move.
If you’re not already on the market and don’t want to list right now, then use the time wisely by ensuring your property will be well prepared to stand out amongst all the other listings that are holding off and will launch with you. This will be your competition and you want to be better than them.
Regardless of who wins in the election, there will be no change in the interest rate, inflation is expected to continue to increase and long-term pandemic-influenced trends will continue, such as sea-changing and/or upgrading to bigger homes because of the work-from-home setup. This is expected to preserve high buyer demand throughout 2022.
However, life remains unpredictable because of Covid-19. Will another strain appear in the latter part of the year? Not even the medical experts know. This creates a potential benefit from selling sooner rather than later, due to a degree of certainty around two issues concerning market conditions:
Omicron and hospitalization cases are on the decline. That’s one of the reasons for opening international borders to foreign visitors effective February 21.
Market momentum in Newcastle, Lake Macquarie and the Lower Hunter Regions are still robust at present, especially for the AAA listings – the ones with no work to be done, presented beautifully, often staged and marketed really well by an experienced agent who also knows how to negotiate too.
Supply is still building. More sellers who paused in 2021 to get the most out of their capital gains are listing now. Vendors could experience stronger competition from other properties in the latter part of the year, if supply continues to increase. Especially if they are holding off now due to the elections, holidays and pending interest rate increases and come to the market later.
But just beware, timing the market is very complex and you should buy and sell when it suits you personally!
Spring is usually suggested the best time of the year to sell property. However for the past 10 years our office finds that the most and best sales are in Autumn and usually coincides with Easter.
Let me explain why.
By the time Autumn approaches, most people are over the disruption of Christmas, New Year, holidays and getting the kids back to school. Autumn also occurs just before the end of the financial year around Easter. This can prod buyers into looking and preparing for tax concessions and Easter provides some time off work and normal routines to make this happen.
Unlike Spring, where open homes can attract curious people wanting to get out into the warmer weather, Autumn attracts a more serious buyer who is focused on a result rather than just filling in time. These buyers have have made the time to research, plan, budget and strategise and are focused on the result.
Most sellers still believe that Spring is the best time to sell and as a result the market is usually flooded from September onwards which leads to an oversupply of properties resulting in a buyers’ market. So when Autumn rocks around, things tend to settle. With fewer properties on the market this drives buyer competitiveness, maximising the seller’s chance of achieving the best sale price possible. Which is why we strongly recommend selling in Autumn.
Autumn in Newcastle is sensational. Not too hot and not too cold. An ideal time for selling. Your buyers will feel comfortable and feel confident that they won’t have to fight the elements.
Think about how nature looks and feels in Autumn. The trees are changing colours, and most gardeners are aware that plants are now preparing for winter, becoming dormant and so it’s the perfect time to tidy up the garden with little ongoing maintenance.
Get Ready for an Autumn Sale
An Autumn sale means there will be less maintenance for your weekly open homes oter than raking or blowing fallen leaves. Once you’ve prepared your property for the launch, keeping it tidy is less work for the sellers. The grass and gardens grow slower, there’s not as much rainfall to dirty the windows either. When it comes to the interior, it should be impeccably clean and decluttered with the light on and the blinds and windows open. But also think about bringing in some seasonal accessories like throws, cushions and layering your bed to make buyers feel welcomed and at home.
Don’t Let the Holidays Put You Off
Whilst many potential buyers could leave town for Easter, don’t let this stop you from launching. In fact, it gives you the opportunity to go away too and leave the house beautifully presented for your agent and when buyers are on holidays it gives them more time to find your property online and contact the agent.
Determine if Autumn is Right for You
We know Autumn is the best season to sell but deciding to come to the market will depend on the property, its surroundings and location too. For example, if your home looses light and becomes dark and cold due to it proximity to a large building, tree or hills then Autumn may not be the right time for you to sell. Or you may have to adapt a strategy of opening the mornings only.
The best strategy when selling is to use an experienced real estate agent who identifies and understands your particular situation. At One Agency Pinkerton Properties you are not only getting an experienced agent, you are also getting the owner of the business.
Contact me today to learn more and book an obligation-free property appraisal.
With an ever changing market and a huge amount of money involved, setting a home sale price seems quite daunting. After all is said and done, the key to pricing involves supply and demand.
Sellers often set their price based on the amount they need to repay debts or purchase a new home. In reality, the price calculated this way has no relation to the property’s actual market value.
Sellers also compare their home to nearby homes to get a price, but personal bias gets in the way.
Most sellers invite three real estate agents, looking for three valuations on their property. They are, in reality, getting three pitches for business.
A reliable agent, with local area knowledge, will work with the sellers to determine a fair price, taking into account all the pertinent market forces.
It is your agent’s task to research and get familiar with the local market, as well as know the seller’s expectations, to set a reasonable price, with a cooperative seller and a cooperative buyer.
Vendors can also spend a few hundred dollars to get a sworn valuation from a reputable valuer. A basic valuation costs less than a building inspection.
Things to consider when setting the price:
When setting a sale price, there are several factors that need to be considered. What you need to do is get ready and do your research.
1. Check the listings in your area
Find out what is happening in your area, so you can get a good indication of the present market trends.
First thing is to check out the property listings in the same neighborhood as you. Pay attention to homes that have been listed over the past six months or so.
When looking at listings, compare the original listing prices with the final sale prices. This will provide you data on any price cuts and the supply and demand in the area.
2. Compare the same properties
Comparing a one-bedroom home when you live in a three-bedroom will serve no purpose. Focus on properties that are the same as yours. One good example is areas that compare in square footage within a 10% variance up and down.
3. Look at expired and withdrawn listings as well
Including expired and withdrawn listings in your considerations will give you a picture of what’s happening in the market.
This will give you information if any listing were pulled from the market and resisted and reveal any difference in listing sale prices. This should give you more understanding of what is happening and guide you with the appropriate sale price.
4. How to compute the value of your home
When all your research is done and have gathered all pertinent information, it is time to make your computation.
If, for example, you have found three or four comparable homes in your area, get the average to give you an idea of how much you can reasonably ask for your home.
At this point, it’s a good idea to seek guidance from experts – you might want to add or deduct 10% of this average to be competitive in the market and ensure a fast sale, or try your luck and target the highest possible price you can get.
The record real estate boom in 2021 saw prices increase nearly in all regions in Australia and while units were not excluded from the booming market, it’s the prices of houses that were mind blowing.
In a span of just 12 months, house median prices soared by $214,250, exceeding $1 million.
Unit prices also increased but not as much – by $44,317 in the 12 months to December 2021.
It has been quite challenging, especially in capital cities, where the price difference between units and houses has significantly widened since the pandemic started. The swift rush of buyers for homes with bigger spaces led to demand for houses picking up and prices climbing sharply while demand for units weakened.
This is quite obvious in Sydney, where the price gap between the median prices of units and houses has increased from $400,000 in December 2019 – pre-Covid – to $799,000 in December 2021.
Currently, the price of a house is double that of a unit. In some Sydney suburbs, like Strathfield, Collaroy, etc., the price difference between houses and units reaches millions of dollars.
There is a 2.3%, or $15,000, price gap between the median price of units and houses. This is because the suburb’s coastal location makes its property market diverse.
A homebuyer with a budget of $850,000 could get either a unit or a house. You can purchase both for the same price, but they both won’t be located by the water.
A significant portion of the apartment market in Forster is influenced by location. Because it is a high tourism area, it has many apartment blocks on the waterfront or near the water, which drives up the average unit prices higher. Thus, you can purchase a house for the same price as a unit but the house will not be in the same area as the unit.
Plenty of the areas in NSW where the price gap is smaller between units and houses are in the coast, including Ballina, Yamba, Terrigal and Tweed Heads South, which all had differences of less than 30%.
Like Forster, the median apartment prices in these locations are likely to be higher due to a greater concentration of units near to the beach.
We see this in Newcastle too where there is a high concentration of units near our beaches and harbour!
You consult a doctor when you have health issues. You do the same when you’re experiencing plumbing problems. So, why wouldn’t you engage a real estate agent to sell your biggest asset, your home?
Real estate agents are trained to do many things for you. Here are some of the important matters they are specialised in:
Presentation. Help your property get noticed among all the other properties in the market.
Marketing. Design the right marketing campaign to get the highest possible sale price for your property.
Pricing. Calculate the estimated sale price.
Communication. Make sure you are provided feedback from prospective buyers.
Buyer Engagement. Encourage buyers to push through with the sale.
Negotiation. Take care of several buyers to get the best deal for you.
Strategy. Conceive an atmosphere that will generate the highest offers.
Even more than the things stated above, real estate agents help you maximise the sale price for your home, and are usually already working with prospective buyers.
Emotions can come into play if you sell your home without an agent. Buyers may not feel comfortable dealing with you as most will be polite and not provide accurate feedback. If, for example, a buyer makes negative comments about the kitchen, you may feel upset, but an agent, who is not emotionally attached to your property, can handle the process objectively by talking about options.
To you, a real estate agent’s commission may be high, but you can count on these professionals to get the highest possible return on your property, and the results will most likely be greater than what you could have accomplished if you tried to sell your home yourself.
Call me today to find out how much your property is worth in today’s marketplace.
After spectacular price increases in 2021 across most of Australia, both buyers and sellers are wondering if and when can we expect to see the market start to cool off?
There are a number of key signs to look for that will indicate that the market is cooling? Here’s what I would consider to be some signals:
- Attendance at open homes decreasing
- Days on market increasing
- Median price growth slowing
- Reduction in advertised asking price
- Auction clearance rates declining (usually reported as a percentage)
- Bidders at auctions lower
- Pace of bidding at auctions slower
So what’s happening in our region?
We have noticed that demand for high quality property is still in strong demand in Newcastle and these properties are selling in a reasonable timeframe. While it is expected that there will be a potential interest rate increase later in the year, this has not deterred the bulk of buyers who are still actively looking and interested to get into the market now.
In Newcastle, the overall number of buyers attending open home inspections has decreased and the fast pace of bidding at auctions have slowed compared to this time last year. Price guides are becoming more realistic, with the exception of unreasonable or mislead sellers who are still expecting the market to increase and have marketed their homes for a stronger price guide. These properties are languishing on the market and taking time to sell.
Worth noting is that, this time last year sale results were achieving 15% to 20% above the guide! This is no longer the case for the majority of available listings. The properties that are still achieving strong prices are the high quality property that have been well marketed and where all the renovations and work has already been done.
One Agency Pinkerton Properties specialise in the following suburbs in Newcastle and Lake Macquarie
And have SOLD in these suburbs