Archive for February, 2012

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North Adelaide Society fears rezoning, development

February 29, 2012

NORTH Adelaide residents claim 10-storey towers could ruin the affluent suburb if Government rezoning goes ahead.

Planning Minister John Rau is reviewing development guidelines for the CBD and North Adelaide in an attempt to meet demands of the 30-Year Plan, including city-wide population growth of about 560,000 people.

The North Adelaide Society says it has received a map from the Adelaide City Council showing LeFevre Tce, MacKinnon Parade, Wellington Square and Palmer Place are under threat.

The society’s February newsletter warns North Adelaide could become the target for residential develpment up to 10 storeys, which they fear will be “higher and denser than surrounding historic homes”.

“It will be far too late to object when you discover that the street in which you live has been rezoned for much higher and denser development, your neighbours start selling out and developers start arriving with bulldozers,” it states.

 

Mr Rau said yesterday: “It isn’t useful for anyone to run a scare campaign.”

“The Government wants to protect heritage residential areas in the city and North Adelaide, while encouraging appropriate growth,” he told The Advertiser.

“While the detail of the city planning review is still being discussed, the aim is to encourage the right development in the right places. There are plenty of appropriate places in the city for increased density.

“In North Adelaide, these opportunities are limited. My view is that the vast majority of North Adelaide has exactly the housing density we want to see in an inner-city area.

The Government yesterday announced Planning, Transport and Infrastructure Department chief executive Rod Hook would be interim head of the Urban Renewal Authority, which will oversee urban infill developments, such as Bowden Village, while a full-time chief is sought.

The Government expects to finalise a new “rule book” for city development by the middle of the year.

Source: AdelaideNow

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Lessons in Integrity

February 27, 2012

Li Cunxin recalls having integrity in life was something he was taught very early on in his childhood. Li notes that integrity is an essential trait for leaders in order to inspire and motivate those around you.

Check out the video at:

http://www.deloitte.la/dla/news.aspx?from=20120221&utm_source=Deloitte+Leadership+Academy+Newsletter&utm_campaign=5abb080662-DLANewletter201202212_21_2012&utm_medium=email

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The essential DIY painting guide

February 22, 2012
painting room wallsDon’t just dive into a painting project, be prepared and organised.

It’s one of the quickest ways to give a home a facelift, but painting like the pros requires patience, attention to detail, a steady hand and yes, tedious preparation.

It’s a messy business, with lots of bending, twisting and negotiating ladders, and inevitable dithering over the crucial colour scheme.

Decide up front who lands the back-breaking tasks of heavy sanding and painting the ceilings.

Painting is not just about getting the paint onto surfaces successfully. There’s an awful lot of work involved in not getting paint where it shouldn’t be.

Advertisement: Story continues below

painting choosing coloursChoosing paint colours can be daunting. Try collecting pictures of potential colour schemes from magazines or the internet.

To start

Start your painting project with some measurements. You will need to know how many square meters you will be painting.

Asses the surface you want to paint, is it fresh plaster or cement, is it old flakey paint or wall paper, is it a relatively new finish?

Painting toolsTools of the trade. A wall scraper and painter’s tape

How dark is the current colour compared to the new colour you’ve chosen? If the old paint is very dark and your new paint is light, you may need an undercoat or have to apply more coats of paint.

What’s the quality of the surface? Is it a nice smooth surface or is it a bit rough?

If you can’t decide on a colour scheme, get some sample pots and experiment.

painting filler fillingSurface prep is time consuming but will give the end result a more professional look.

Remember, colours can look quite different in different lighting conditions, don’t just rely on looking at the paper samples in the shop.

Paint comes in a number of finishes from matt to gloss and are either acrylic or enamel or oil-based.

Flat paint hides flaws in old walls. A semi- or high-gloss paint works best on woodwork, such as door and window frames, and skirtings. Low-sheen is the most popular finish for walls.

painting cutting inCareful cutting in gives a much better finish.

Wear and tear is another point to consider. For example, high traffic areas or walls subjected to small sticky fingers will call for a tough, easy maintenance finish.

Most surfaces require two coats of paint, and if you’re painting over a dark colour or a new wall, you’ll probably need an undercoat.

That said, many paint companies now offer “one coat wonders”, so it’s worth having a good browse of the paint shelves.

painting ladderFantasy land: you will not look this cute or happy when you’re painting. Wear old clothes or overalls and cover your hair. Gloves are a good idea too.

Preparation

You might be a wiz with a paint brush and roller, but all your efforts will be in vain if you haven’t meticulously prepared the surfaces.

Cover the floor
Be generous with the drop sheets, taping them to the walls so they don’t slide around. Make sure the drop sheets are tough enough to resist tearing if you’re going to be moving a ladder around.

painting patchy lightGood lighting is essential to ensure even coats of paint.

Light and ventilation
Make sure you’ve got good even lighting where you’re working so you see what you’re doing clearly. Wall surfaces and paint colours will look different in different lighting conditions, especially if it’s daylight coming from a single window.

Use a good bright portable light for best results. And check what you’re doing from different angles in the room.

Whenever using chemicals and stirring up dust make sure you have plenty of fresh air.

painting ladderMove the ladder, don’t risk a fall or back strain by reaching too far.

Surfaces
Older walls will need any loose paint scraped off. Holes and cracks need scraped out to remove loose material and then patched with a suitable filler.

Blade scrapers are great for tidying up old paint jobs that left paint on window glass.

Be very careful painting over old paints, some of them are oil-based and cannot be painted over directly.

Laura and Emily ... hijinks with a paint roller in the new season of The Block.Not all fun and games: Don’t be fooled by DIY shows on TV, painting is hard work … hijinks with a paint roller in the an episode of The Block.

Water-based paint will stick to oil-based paints but only if the surface is prepared correctly. Get some professional advice on this one.

Filling and sanding
The rougher the overall wall surface is to begin with, the more your nice neat filled spots will stand out as shiny patches. Roughen up your patching a little if you want it to blend in.

Old, chipped woodwork will look exactly that if you don’t give it a really rigorous sand, starting with coarse sandpaper and finishing with a fine grade.

painting bucketUse a smaller bucket to carry with you as you paint.

Give the walls a good sand over rough or shiny surfaces too and a quick sand over all the rest.

Vacuum up all the dust and lose bits of paint and plaster once you have finished preparing the surfaces.

Follow this by washing with sugar soap.

Painter’s tape
Use masking tape to protect surfaces such as light switches and skirting boards. In fact if you aren’t 100% confident of having a very steady hand… tape up the edges of everything you don’t want paint on.

A quick wipe with a rag will remove some stray brushstrokes on glass or other shiny surfaces, but it’s much easier to remove painters tape than unwanted paint, wet or dry.

This sounds like a lot of fiddling – and it is – but you just won’t get really good results without it.

Painting

Tools
Before you take the lid off the paint can, make sure you are ready to go with all your tools and equipment.

There’s nothing worse than starting to paint only to find you need to make another trip to the hardware shop or garage.

The type of surface you’re painting and the type of paint on will determine they types of brushes and rollers you will need. Always buy the best brushes and rollers you can afford, they will make the paint job look more professional.

Buying cheap rollers might seem like a good idea but not when you’re left with fuzz in your fresh paint or extra work because the roller won’t hold enough paint.

Don’t put too much paint in a roller or brush. You want the paint applied evenly but not too thick on the walls. Use a nice firm pressure when using a roller.

Step one – edges
Start painting by cutting in around all the edges with a brush or a paint edger

Make sure your cutting in doesn’t dry before you start filling in with the roller.

Using a small container for your paint as you walk around the room is easier than moving a heavy tin of paint with you and is less dangerous to carry up a ladder.

Step two – walls
then use a roller to apply the paint in long, even zig-zag sweeps, finishing in parallel strokes that even out any overlapping paint edges.

Rollers will make painting walls much faster and give a far better finish than brushes.

You don’t want it dripping down the wall or on the floor and certainly not flying off the ends of the roller in globs.

Cutting in around light fittings and wall fixtures at the same time as you roll will help to avoid a patchy finish if you have a large area and won’t start using the roller before the edges dry.

Using a straight edge tool will help keep paint off adjacent areas if you haven’t taped them up. This tool is especially useful for painting right down to the bottom of walls in carpeted rooms.

The paint is for the wall not for the tool, just put paint on the wall side of the brush. Wipe the straight edge frequently to make sure it’s paint-free against the surface you are protecting.

Extension poles are a must if you’re painting high ceilings, it will be faster and much kinder on your back and neck, not to mention reducing the dangers of trips up and down a ladder.

Use roller tray liners for easier clean up and less waste.

Drop sheets are essential but they don’t save floors from paint you walk from the room you’re painting to another.

Try to clean up spills on your drop sheet as they happen, but always check your shoes or take them off before you step off the drop sheet onto unprotected surfaces.

Wrap brushes and rollers in plastic to prevent drying out or needing to wash if you’re taking a break or continuing the following day.

Do…

  • Thoroughly stir the paint before starting
  • Always work your way down, starting with the ceilings first
  • Choose the best quality paint brushes and paint you can afford
  • Paint in manageable patches to ensure you’re not going back over paint that’s started to dry already.
  • Tie up/cover your hair unless you want paint speckles that don’t wash out once dried.

Don’t…

  • Use a cheap masking tape. Buy proper painter’s masking tape that won’t remove the paint or chunks of plaster when you pull it off
  • Overload your roller or brushes with paint
  • Stir paint with a brush
  • Try to paint over crumbly surfaces you will just get ugly lumps in your paint

Safety tips

  • Always wear a dust mask or respirator when sanding or using products with fumes warnings
  • Ensure rooms are well ventilated
  • Use a fan to assist with ventilation
  • Check your ladder is rock-steady before you step on it
  • If your building is old, allow for the possibility of toxic lead paint. Further information can be obtained from the Environment Protection Agency on 1800 803 772
  • Reduce trips up and down ladders by using smaller paint pots when painting with a brush, use and extension handle with a roller and avoid the ladder completely.
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Rental market eases into 2012

February 20, 2012

The State’s only rental market survey has revealed vacancies and activity has been steady over the past quarter, recording little change in vacancies and finishing the quarter with a State wide rate of 3.3%, according to the Real Estate Institute of SA.

REISA President, Mr Moulton said that the 3.3% vacancy rate for the December quarter was only a fraction above the September rate of 3.21%.

Segmented into metropolitan and regional, our city areas recorded a vacancy of 3.4% (up from 3.08% in the last survey) and regional areas tightened to 2.83% (down from 3.91%).

“The level of activity in the rental market has been steady, but REISA members are saying that it’s generally a little flatter than previous years at the same time,” Mr Moulton said.

“Over the past 12 months, we have seen a slower economy and that has led to people moving less and waiting to see what happens a little more.”

“However, REISA property managers are clearly saying that when the property is well located, in good condition and priced to meet the market, it will quickly rent.”

“Pricing has definitely been a key to the vacancies from our last survey.  In the outer suburbs, above $300 makes it a little slower to lease and closer to the city, we’re seeing that $350 is generally a critical price point.”

“The data also shows that more properties have entered the rental pool as vendors who’ve not been able to sell at their optimum price have chosen to hold on to the investment and rent it to the private market.”

Turning to median rentals, there has been little shift over the past 12 months with the median house rental price only moving up by $5 per week to $315 for metropolitan and by $15 per week to $240 for houses in regional towns.  There was little movement over the quarter in median house price rentals.

The story is similar for units with the median in metropolitan Adelaide being $270 per week (up from $260 twelve months ago and $265 in the September quarter) and $180 in regional towns (up from $175 at the same time last year with no change over the quarter).

Rental vacancy rates

City/ North Adelaide

3.6%

West

3.5%

South

3.3%

East

3.9%

North

3.3%

Hills

2.3%

Eyre Peninsula

1.5%

Upper Spencer Gulf

4.6%

Mid North

1.1%

Fleurieu/Kangaroo Island

3.8%

South East

3.8%

Riverland

3.2%

Yorke Peninsula

5.1%

Media comment – REISA President – Greg Moulton – 0418 661 888

Background information – Emma Slape – 0423 88 11 20

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SA rental market remains steady

February 15, 2012

SOUTH Australia’s rental vacancy rate has remained steady at 3.3 per cent.

The Real Estate Institute of SA’s rental market survey for the December quarter showed the vacancy rate was only slightly higher than the September quarter, which was 3.21 per cent.

The metropolitan area recorded a vacancy rate of 3.4 per cent, regional areas were 2.83 per cent.

REISA president Greg Moulton said the rental market was steady but “flatter” than previous years at the same time.

“Over the past 12 months we have seen a slower economy,” Mr Moulton said.

“However, REISA property managers are saying that when the property is well-located, in good condition and priced to meet the market, it will quickly rent.”

The median house rental is $315 per week in metropolitan Adelaide.

For all you need to know about South Australian property prices, turn to the Property Guide, out Saturday.

Source: Adelaide Now

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NABs Summary of RBA Announcement

February 13, 2012

If you are interested in listening to NABs summary on yesterdays Reserve Bank of Australia (RBA) announcement, please feel free to visit the link below.  David de Garis – Senior Economist provides a compelling overview.

http://financial.markets.nab.com.au/Pages/default.aspx

Source: NAB Bank

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RBA Leaves Rates on Hold

February 7, 2012

The shock move comes as many parts of the economy continue to struggle with the side effects of the mining boom. Data published yesterday showed retail trade contracted 0.1 percent in December, traditionally the sector’s strongest month.

In anticipation of a rate cut, the Prime Minister and Treasurer earlier urged banks to pass on the cut in full.

But the board’s decision means mortgage holders and borrowers will have to wait another month in hope of further interest rate relief.

The CEO of mortgage comparison company RateCity, Damian Smith, told ninemsn the surprise announcement does not spell impending doom for mortgagees.

“Borrowers shouldn’t be disheartened that the Reserve Bank kept the cash rate at 4.25 percent today because the sluggish home loans market means the ball is in your court,” Mr Smith said.

“We’re seeing lenders offering discounts of up to 1 percent off their standard variable rates for basic home loans and many lenders — including the big four banks — have said they are willing to negotiate to retain their share of the home loan market.”

The Australian dollar rose sharply immediately after the news, up more than 0.7 of a US cent.

At 2.32pm (AEDT), the currency was at 107.79 US cents, compared with 107.06 US cents just before the RBA announced its decision at 2.30pm (AEDT) today.

The announcement may temper the rampant rise of the Australian dollar, which has surged due to strong commodity prices and the large gap between interest rates in Australia and the United States.

Retailers and exporters have been vocal about the detrimental effect of a high dollar on their businesses since the currency surged to parity with the US dollar in October 2010.

 

Source: http://finance.ninemsn.com.au/newsbusiness/8415324/rba-leaves-rates-on-hold

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RP Data Industry Market wrap

February 6, 2012

The results of the RP Data-Rismark Home Value Index for December 2011 were released this week. Home values across the combined capital cities fell by -0.2% over the month with Sydney the only market recording positive value growth (0.4%). Over the quarter the rate of decline seems has moderated; values fell by -0.5% compared to falls of -0.8% across the September and June quarters and a -1.5% fall in the March 2011 quarter. On an annual basis, home values were -3.6% lower than they were at the end of 2010 and all cities recorded a decline in values ranging from -0.3% in Sydney to -6.8% in Brisbane. Over the year, the value decline for units (-1.5%) was significantly lower than that for houses (-3.6%).

Private sector lending and credit aggregates for December 2011 were also released by the RBA this week. These figures measure the amount of outstanding credit held by the private sector. Over the month, housing credit increased by just 0.4% with owner occupier and investor credit up 0.4% over the month, other personal credit fell by -0.6% and business credit increased by 0.3%. Over the 2011 calendar year, housing credit increased by 5.3% (the lowest annual rate of growth on record) with owner occupier housing up by just 5.5% and investor housing up 5.0%. The growth in private sector housing credit has shown to correlate very closely with the movement in capital city home values, the historic low levels of private sector housing credit growth have unsurprisingly occurred at the same time home values have fallen by -3.6% over the year.
Latest National Auction Clearance Rates

Capital city auction markets have recorded a slow start to the year with just 180 auctions taking place last week. Across the combined capitals the weighted average auction clearance rate was recorded at 36.3% over the week. In Melbourne, there were 46 auctions with a clearance rate of 38.9% and in Sydney the clearance rate was 42.9% across 25 auctions. In the coming weeks the performance of the auction market should provide a good lead indicator as to what we can expect for sales volumes and property value growth over the earlier part of 2012. If clearance rates break the 50% mark we can expect an improvement on the housing market’s performance over the second half of 2011 and if not we will probably see similar overall market conditions. 021211_Clearance rates small

Advertised Stock on the Market

The number of new properties advertised for sale recorded a sharp increase this week as housing market activity continues to ramp-up following the Christmas / New Year period. The number of new listings is currently 7.6% higher than at the same time last year across the country and they are -1.1% lower in the capital cities. RP Data is currently tracking 287,119 properties for sale nationally and 136,220 properties across the combined capital cities. Across the nation, total listings are currently 29.9% higher than they were at the same time last year and they are 30.7% higher across the combined capital cities. The listings data should be closely followed over the coming weeks to see if stock levels return to their pre-Christmas highs. 021211_Weekly listings small

Number of Properties Advertised for Rent

The number of newly advertised properties for rent increased over the past week across both the national and capital city markets. The number of new properties listed for rent is 17.1% higher than at the same time last year nationally and 13.6% higher across the combined capital cities. RP Data is currently tracking a total of 93,070 properties advertised for rent across the nation and 62,536 properties across the combined capital cities. The total number of properties listed for rent is 6.1% higher than at the same time last year nationally and 5.8% higher across the combined capital cities.
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Friends join forces to buy first homes

February 1, 2012
First-home buyer Lisa Vallely

Land and house package first-home buyer Lisa Vallely at her plot at Lightsview. Picture: Chris Mangan Source: The Advertiser

 
 

DEVELOPERS say the “buddy up and buy” trend has been growing over the past six months as a way to get into a first home.

LWP Property Group residential sales manager Tony McEntee said first-home buyers purchasing their first home together was a trend that he had seen a lot in the past six months.

He said that according to his calculations, over the past six months, about 21 per cent of first-home buyers at Ellenbrook purchased on their own, and about 79 per cent as a couple.

“A lot of young people are coming together to purchase their first home,” he said. “Instead of young professionals renting together we are seeing them taking out mortgages together.”

He said Ellenbrook had lots priced from $175,000. These were 315sq m, with a 10.5m frontage, with house-and-land packages available from $315,000.

“For $315,000, people are able to build a three-by-two home with a theatre and al fresco area popular features for first-home buyers,” Mr McEntee said. “However, what has also proved popular recently is the 12.5m fronted home sites from $190,000, our 13m fronted home sites from $193,000 and our 15m fronted home sites from $215,000.”

Read more: http://www.news.com.au/money/property/friends-join-forces-to-buy-first-homes/story-e6frfmd0-1226256302859#ixzz1l53W3W4t

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