Making News

Keep a look out in your mail-box for JacksonRowe Real Estate Post-it Notes!

We are busy delivering these throughout Ryde and its surrounding suburbs.

The post it notes are made from recycled paper & the cello bags are re-usable, archival/acid free and recyclable along with other soft plastics.

We are committed to reusing or recycling all of our products and packaging!

Please join in the spirit of Christmas & giving this year by kindly donating a toy or book to our Christmas Toy and Book Appeal.

All gifts will be donated to The Smith Family who are aiming to deliver 27,000 brand new toy & book packs to help bring smiles to many disadvantaged children
on Christmas morning.

Simply purchase your gift and drop it into our office at 5 Church Street, Ryde

All gifts will need to be dropped to JacksonRowe by Wednesday 11th December, 2019.

At the request of The Smith Family, please do not wrap your gift.

Your generosity is highly valued, and we appreciate the time and effort it takes to get a special gift for a child in need.

For more information please click the links below:

Smith Family Appeal 2019

https://events.thesmithfamily.com.au/event/toy-and-book/faqs

We are holding our annual Christmas Colouring Competition!

To enter, simply click on the link below and print out the stencil (or pop into our office to pick one up) and have your kids colour it in.

Click here: Colouring Competition 2019

Please put down your child’s  name and age on the front.

Post or drop the entries to our office at 5 Church Street, Ryde.

We will need to contact the winner so please put down the best contact number on the back with an adult’s name.

The winner will receive a family pass to visit your choice of 2 attractions from SeaLife Sydney Aquarium, Wildlife Sydney Zoo, Madame Tussauds or Sydney Tower Eye.

Entries close Saturday 14th December, 2019.
Winner will be announced on Monday 16th December, 2019.

Merry Christmas from the Team at JacksonRowe!

I’ll admit I’m a bit obsessed with interest rates and how far they can fall. I use to think zero was the limit but it turns out it is not.

Negative interest rates have been available in Europe since 2014 apparently.  The talk of the RBA dropping rates to these levels proves that nothing is off the table when it comes to getting the economy going. However, if you are a property investor, this could get really interesting (ok, pun intended).

A property’s rent well and truly covers the standard outgoings but rarely the mortgage’s interest payments as well unless the loan is relatively small. Banks are now particularly interested in attracting and holding borrowers who have a loan to value ratios (known as LVRs) of less than 60% and are offering extra discounts to win your business.

If mortgage interest rates fall to zero or near it, we could reach a point where much of Sydney investment property could be generating positive cashflow. This used to be the strength of regional property investment but never Sydney property.

In the past, people sold their investment property when they were retiring and invested the money to generate an retirement income.

Maybe that could change and residential investment instead could become an acceptable income generator.

SQM research has released their report into Vacancy Rates across the country. Across Sydney it shows that the vacancy rate for June 2019 now sits at 3.5% which may not mean a lot to many. Statistically 2% vacancy is considered to be indicative of stable rental market while higher vacancy rates suggest rents will fall.  So, 3.5% isn’t great news. In June 2018, the vacancy rate in Sydney was 2.8%.  That’s a deterioration of 25% from last year to now. It probably won’t surprise you that unit vacancies are worse than houses.  This is a direct result of the unit building boom. However, our area is different as they say, so I accessed a specialist report from SQM Research for postcode 2112 because it is indicative of our local area.

Vacancy rate for 2112 is sitting at 4.5%, and that is really not good.

On property prices and growth, SQM use a star rating system for each postcode to identify areas they consider good buying.  2112 comes with a 3.2-star rating which means as they say,

‘There is greater than average risk of the area underperforming over the medium term’.

 But always with statistics, you have to ask, ‘Compared to what?’

Well across NSW, postcode 2112 still rated better than close to 60% of all the postcodes.  In fact, around 50% of postcodes were rated as areas that required ‘Strong Caution’ or just flat out ‘Avoid’. Real estate is going to stay tough for a while, but we will still be better off than plenty of other Sydney property owners.