Auction Wrap for the week ending 5th July 2020

OBrien Real Estate achieved an 80% Clearance rate at Auction for the week ending 5th July 2020 with the an overall clearance rate for Victoria of 78% Auctions in Victoria year to date have hit  7,000, that’s 44% of all Auctions Nationwide. National Transactions year to date have exceeded 100,000 Sales this week, with Victoria’s total Transactions exceeding 27,000 Sales.

Auction Wrap for the week ending 28th June 2020

It’s Week 26 of the year and we’ve reached a 14 week high with 4,963 sales Nationwide (7th Highest in 2020) and 1,288 sales in Victoria. That’s 10 out of 11 weeks of increased National Sales. The trend line continues to move upwards.  OBrien Real Estate had 17 Scheduled Auctions for last week with 8 Sold and 2 currently negotiated and close to selling  We had a total of $9.6 million in Sales with a 57% Clearance Rate.

Commercial Tenancy Relief Scheme Victoria

Victorian government commercial relief scheme

What is the commercial tenancy relief scheme?

The Victorian Government announced on 15 April 2020 a commercial tenancy relief scheme to alleviate financial hardship faced by tenants and landlords as a result of coronavirus (COVID-19).

For commercial tenants and landlords, the scheme will provide the following support:

  • a six-month moratorium on commercial tenancy evictions from 29 March 2020 for the non-payment of rent for small to medium enterprises with an annual turnover under $50 million that have experienced a minimum 30 per cent reduction in turnover due to coronavirus (COVID-19)
  • freeze on rent increases during the moratorium for commercial tenants
  • a rental payment waiver or deferral proportionate to commercial tenants’ income reduction due to coronavirus (COVID-19), to be negotiated between tenant and landlord
  • a mediation service for commercial tenants and landlords to support fair tenancy negotiations.

The Victorian Government will also provide land tax relief to commercial landlords that provide rent relief to their tenants, provided:

  • the tenant’s annual turnover doesn’t exceed $50 million
  • is an eligible business in the Commonwealth’s JobKeeper program, and
  • is suffering financial stress or hardship as a result of the pandemic.

The Victorian Government will also provide land tax relief to residential landlords who provide rent relief to eligible tenants.

To understand the process involved for landlords and tenants under the commercial tenancy relief scheme, please see the process for commercial tenancies page.

Vegetable Container Garden

Wicker plant box

Growing vegies in pots and containers

Do you want to grow vegetables but your property lacks space? One way of adding life to a backyard, balcony, patio or rooftop is to grow vegetables in pots or containers. Container gardening is not as difficult as you might imagine.

Containers give you the freedom to control the environment in which your plants are growing.

IDEAS FOR CONTAINER GARDENING

Vegetable container gardening

Start with pots. The bigger the pot the better

  • Larger pots will need a little space and will have room for the roots to grow. Also, the advantage of a large pot over a smaller pot is that they will hold water better. And with a bigger container, you can grow more varieties.
  • If you can use barrels, tubs, buckets, boxes and other tubs and troughs then this is the preferred method. Make sure you have holes in the bottom so the water can runoff.

Maintenance Tips for Container Gardening with Vegetables

  • While clay pots may look more attractive than plastic pots, plastic pots retain moisture better. And they won’t dry out as fast as unglazed terra-cotta ones. If you are determined to use clay pots then why not put a plastic pot inside.
  • Black pots are a good idea as they attract and absorb heat from the sun.
  • The majority of plants will need watering two times a day. During summer insert the smaller pot into a larger pot and fill in space with moss or newspaper. When you water the plant include the space between the pots.
  • Hanging baskets make an effective decoration and are great space savers. You can grow herbs, cherry tomatoes and strawberries at eye level.
  • To improve draining add about 25mm of gravel at the base of the pot.
  • Every fortnight give the plants some liquid fertilizer.
  • Apply some compost to add trace elements to container soil.
  • Putting plants where they will receive the best sunlight is ideal. Also, make sure the area has good ventilation. Keep an eye out for insects that can cause harm to your plant.
  • Prepare yourself a calendar and circle the dates for routine tasks.

WINDOW BOX CONTAINERS

Window boxes are great for growing edible flowers. If you choose a window box fill it with a soilless mix. Don’t take soil from your garden as it is likely to contain unwanted insects and the soil is very heavy. You can grow marigolds and other related edible flowers. Most vegetables and plants need 6 to 8 hours of sunlight.

Keep up the moisture and add organic ingredients like fish emulsion or manure. Even liquid seaweed is a good option.

SUPPORTING YOUR PLANTS

If you are growing vegetables that climb then adding supports is a must. Climbing plants can have a variety of supports such as stakes, netting, trellis or cages.

Insert your supports at the same time as you plant.

Plan your vegetable layout first. Plants that climb are ideal for plants that grow low. The climbers can climb up a trellis, whilst the low growers spread at the base. This is a good arrangement as you will reduce the space for weeds to grow.

Mix quick-maturing plants, such as lettuce or radishes, with longer-growing ones, like tomatoes or broccoli.

Group plants with similar needs for sun and water, such as pole beans, radishes, and lettuce; cucumber, bush beans, and beets, tomatoes, basil, and onions, and peas and carrots.

Here is a list of 10 herbs to grow together in a container.

WHAT ARE THE BEST CONTAINERS FOR VEGETABLES

Below is a shortlist of vegetables that are container friendly and which container types are most suitable for each vegie.

Beans, snap
Container: 20-litre window box
Varieties: Bush Blue Lake, Bush Romano, Tender Crop

Broccoli
Container: 1 plant =20-litre pot, 3 plants = 60-litre tub
Varieties: DeCicco, Green Comet

Carrots
Container: 20-litre window box at least 30cm deep
Varieties: Danvers Half Long, Short ‘n Sweet, Tiny Sweet

Cucumbers
Container: 1 plant = 4-litre pot
Varieties: ‘Patio Pik’, ‘Pot Luck’, ‘Spacemaster’

Eggplant
Container: 20-litre pot
Varieties: Black Beauty, Ichiban, Slim Jim

Lettuce
Container: 20-litre window box
Varieties: Ruby, Salad Bowl

Onions
Container: 20-litre window box
Varieties: ‘White Sweet Spanish’, ‘Yellow Sweet Spanish’

Peppers
Container: 1 plant = 7-litre pot, 5 plants = 60-litre tub
Varieties: Cayenne, Long Red, Sweet Banana, Wonder, Yolo

Radishes
Container: 20-litre window box
Varieties: Cherry Belle, Icicle

Tomatoes
Container: Bushel basket
Varieties: Early Girl, Patio, Small Fry, Sweet 100, Tiny Tim

RELATED ARTICLES

Is your vegetable garden prepared for summer

OBrien Real Estate creates a first in online auctions.

On Saturday May 2, OBrien Real Estate took innovation and professionalism to new heights for online auctions.  The group used a television studio and production to stream its 9 online auctions from the studio’s of Crocmedia at South Melbourne.

The real estate service and production named “OBrien Auction TV” was streamed live on facebook from 11am. Crocmedia host on the day was David Kennedy along with Corporate Director Darren Hutchins alongside him at the news desk with special comments. The auctioneer on the day of all 9 auctions was Corporate Director Stavros Ambatzidis.


The Auction List & Order on the day:

10 Hewitt St, Cranbourne East
3 Tundra Way, Keysborough
12 Arnold Dve, Chelsea
Bridges Ave, Edithvale
117 Oakwood Ave, Noble Park Nth
2/17 Church Rd, Carrum
3 Bavadia Plc, Keysborough
2/1 East Crt, Keysborough
28 Callistemon Ave, Keysborough


Bidding Summary Stats:

Total Bids: 53
Average Bids per Auction: 9
Average Run-Time per Auction: 5.5 minutes
Out of our 9 Auctions: 3 Sold, 3 Under Offer, 2 Strong Interest.

For YouTube Highlights Reel CLICK HERE

Michelle Stephen’s one of Australia’s best.

The Real Estate Business (REB) last week unveiled it’s top agents of Australia, and OBrien Real Estate’s own Michelle Stephens was awarded with a number of acknowledgements from the list of Australia’s best agents according to REB:

  • 4th within Australia for the number of listing and sales made.
  • 1st within Victoria for the number of listing made.

Michelle is a multiple award winning agent, last year Michelle also won the coveted 2019 Residential Sales Agent Of The Year for the Real Estate Institute Of Victoria (REIV).

Michelle works from our the Carrum Downs office at 4/121 Hall Rd, Carrum Downs VIC 3201.  Michelle can be contacted on 0417 352 644 or michelle.stephens@obre.com.au.

To view Michelle’s latest listings and results please click here

5 Home Art Activities For Kids

Gap door stopper

Homecraft Ideas and Activities for Stay at Home Kids

We suggest 5 ideas that can entertain your child whilst they are at home. You can also participate in the fun.

Taking Turns in Drawing

This is a fun game that adults and kids can do together. Take turns in adding to the previous drawing. This is an interactive game that requires little equipment other than your imagination. Let your child’s creativity run wild and help them develop their own expressions.

Door Stoppers

All you need is some cloth, rice, a ball of wool and a needle and thread. And for good measure, you can add some lavender for fragrance. Measure out the design you want. It can be sausage length or square. Add your name or image using the wool. Stitch it up and leave an opening to pour the rice into. Then stitch the final opening.

Indoor Treasure Hunt

You can create a list with little icons of items that are hidden around the house. For the value you may want to create a point system that gives the hard to find items more points. Have a reward for the most points.

Simple Origami

Origami is an excellent way of turning a piece of paper into a visual masterpiece. Here you can create a pretty butterfly in a few simple steps. Follow the video to see how.

YouTube

We are in the age of technology. YouTube has some awesome channels that enable your child to develop their imagination. We have found one channel that offers multiple ideas called 5 Minute Crafts.

The Advantages of Buying a New House in Your 20s

Buyings a house in your 20s Australia

Home Ownership for Young Australians

It is the dream of many Australians to own their own home, but when is the best time to buy? Some are choosing to buy a new house after establishing strong careers or to accommodate growing families, while others are opting to invest in property in their early 20’s. There is a great deal of diversity in the Australian housing market, so just what does the average Aussie first home buyer in 2020 look like?
Interestingly, there is a growing trend for younger people, particularly solo buyers, to invest in property, especially during their 20s. But is it a good idea to make such a large financial investment at this age? The truth is that there’s really no ‘right’ or ‘wrong’ time to buy a new house. It’s different for everyone. But there are a number of benefits that can be experienced by choosing to buy your own home before you turn 30.

1. Moving may be easier in your 20s
Hone ownership for young Australians
According to the Holmes-Rahe Stress Scale, a change in residence is one of the most stressful life events that anyone can experience. Yet moving into a new house is arguably easier to navigate during your 20s, especially in terms of possessions. For those previously living with parents especially, from a possession perspective moves can be remarkably simple. A study by Reuters Health found that excess possessions were more likely in the 50-79 demographic. 62% of 70-79-year olds say they have more than they need. And even if you do have a tendency to hoard, mobile storage units are affordable and can be used to safely store items that perhaps don’t fit into the new home. But the truth is that people in their 20s may not have as many things to take into account when buying a new home, such as children, school districts, or pets, which can make finding the perfect property a lot less stressful, resulting in an enjoyable move.

2. You could be mortgage-free in your 50s
Buying a home in your 20s Australia
House prices in Australia vary considerably, and if you’re looking for a new house in Adelaide you could be looking at a reasonably affordable $438,000, while a Sydney equivalent could set you back $840,000. Sydney’s high cost of living brings the average loan size for first home buyers across the country to $336,500. In purchasing a property in your 20s, you could have a standard 25-year mortgage repaid by the time you reach 55, offering you greater financial freedom as you edge closer towards retirement.

According to a report by National Seniors Australia, 62% of older people cite retirement savings as their primary concern. When asked if they worry about outliving their savings, more than half of those questioned answered ‘yes’. Money concerns in older age are common. By buying a home in your 20s and spending your working years paying off your mortgage, you could be left with more to enjoy retirement.

3. You can save money on rentals
Owning a home Australia
A $300,000 loan, for 25 years, at a standard variable interest rate of 4.42% would result in a monthly repayment of just over $1,100 per month. While this is certainly a significant amount more than the average house rental cost, it’s also an investment. Each monthly payment is going directly towards achieving the dream of homeownership and is money in your pocket. Rentals are more budget-friendly, but the rental fees contribute to your landlord’s growing property portfolio, rather than to your funds. And your home could even make you money. Reports show that more Australians are moving overseas than ever before, particularly those in their 20s and 30s who have perhaps not yet started families. Popular destinations they’re heading for are New Zealand, Hong Kong, and Singapore. A new house is an investment, and renting it out while you travel could help fund your trips to explore the world.

To Buy Real Estate or Not to Buy?
There really is no right or wrong answer. However, as we can see, there are certainly many advantages to buying a new house in your 20s. Ultimately, it’s important to do what’s best for you and your future. What will real estate in 2020 look like? No one can say for sure, but what we do know is that with multiple first home buyer options, including the First Home Owner Grant and stamp duty exemption, along with the First Home Super Saver Scheme which Australians become eligible for at 18, we can reasonably expect it to become easier for people in their 20s to get a foot on the property ladder.

Renee Wainwright GoBoxRenee Wainwright is the Gobox Mobile Storage Manager whose years of experience in the industry allow her to provide customised and tailored mobile storage solutions to suit residential, business and corporate customer’s storage and moving needs.

6 Easy Ways To Add Instant Value To Your Home Part 6

Garden home value

Part 6 – Invest Some Time In Gardening

Landscaping and gardening can add tens of thousands of dollars to your property. Unlike other kinds of home improvements, it not only adds instant value, but it is also the gift that keeps on giving. A carefully thought-out garden will literally add more value year on year as trees mature and provide those much sought after qualities like shade, privacy and screening. Spend some time on simple things like weeding, planting new flowers and shrubs, and if need be, new turf.
A neglected garden can lower your home’s value by somewhere between 5-15%. While taking your gardening efforts from ‘good’ to ‘excellent’ can add up to 6-7% in value to your home.

Growing veggies in pots and containers

Do you want to grow vegetables but your property lacks space? One way of adding life to a backyard, balcony, patio or rooftop is to grow vegetables in pots or containers. Container gardening is not as difficult as you might imagine.

Containers give you the freedom to control the environment in which your plants are growing.

IDEAS FOR CONTAINER GARDENING

Vegetable container gardening

Start with pots. The bigger the pot the better

  • Larger pots will need a little space and will have room for the roots to grow. Also, the advantage of a large pot over a smaller pot is that they will hold water better. And with a bigger container, you can grow more varieties.
  • If you can use barrels, tubs, buckets, boxes and other tubs and troughs then this is the preferred method. Make sure you have holes in the bottom so the water can runoff.

Maintenance Tips for Container Gardening with Vegetables

  • While clay pots may look more attractive than plastic pots, plastic pots retain moisture better. And they won’t dry out as fast as unglazed terra-cotta ones. If you are determined to use clay pots then why not put a plastic pot inside.
  • Black pots are a good idea as they attract and absorb heat from the sun.
  • The majority of plants will need watering two times a day. During summer insert the smaller pot into a larger pot and fill in space with moss or newspaper. When you water the plant include the space between the pots.
  • Hanging baskets make an effective decoration and are great space savers. You can grow herbs, cherry tomatoes and strawberries at eye level.
  • To improve draining add about 25mm of gravel at the base of the pot.
  • Every fortnight give the plants some liquid fertilizer.
  • Apply some compost to add trace elements to container soil.
  • Putting plants where they will receive the best sunlight is ideal. Also, make sure the area has good ventilation. Keep an eye out for insects that can cause harm to your plant.
  • Prepare yourself a calendar and circle the dates for routine tasks.

WINDOW BOX CONTAINERS

Window boxes are great for growing edible flowers. If you choose a window box fill it with a soilless mix. Don’t take soil from your garden as it is likely to contain unwanted insects and the soil is very heavy. You can grow marigolds and other related edible flowers. Most vegetables and plants need 6 to 8 hours of sunlight.

Keep up the moisture and add organic ingredients like fish emulsion or manure. Even liquid seaweed is a good option.

SUPPORTING YOUR PLANTS

If you are growing vegetables that climb then adding supports is a must. Climbing plants can have a variety of supports such as stakes, netting, trellis or cages.

Insert your supports at the same time as you plant.

Plan your vegetable layout first. Plants that climb are ideal for plants that grow low. The climbers can climb up a trellis, whilst the low growers spread at the base. This is a good arrangement as you will reduce the space for weeds to grow.

Mix quick-maturing plants, such as lettuce or radishes, with longer-growing ones, like tomatoes or broccoli.

Group plants with similar needs for sun and water, such as pole beans, radishes, and lettuce; cucumber, bush beans, and beets, tomatoes, basil, and onions, and peas and carrots.

Here is a list of 10 herbs to grow together in a container.

WHAT ARE THE BEST CONTAINERS FOR VEGETABLES

Below is a shortlist of vegetables that are container friendly and which container types are most suitable for each vegie.

Beans, snap
Container: 20-litre window box
Varieties: Bush Blue Lake, Bush Romano, Tender Crop

Broccoli
Container: 1 plant =20-litre pot, 3 plants = 60-litre tub
Varieties: DeCicco, Green Comet

Carrots
Container: 20-litre window box at least 30cm deep
Varieties: Danvers Half Long, Short ‘n Sweet, Tiny Sweet

Cucumbers
Container: 1 plant = 4-litre pot
Varieties: ‘Patio Pik’, ‘Pot Luck’, ‘Spacemaster’

Eggplant
Container: 20-litre pot
Varieties: Black Beauty, Ichiban, Slim Jim

Lettuce
Container: 20-litre window box
Varieties: Ruby, Salad Bowl

Onions
Container: 20-litre window box
Varieties: ‘White Sweet Spanish’, ‘Yellow Sweet Spanish’

Peppers
Container: 1 plant = 7-litre pot, 5 plants = 60-litre tub
Varieties: Cayenne, Long Red, Sweet Banana, Wonder, Yolo

Radishes
Container: 20-litre window box
Varieties: Cherry Belle, Icicle

Tomatoes
Container: Bushel basket
Varieties: Early Girl, Patio, Small Fry, Sweet 100, Tiny Tim

RELATED ARTICLES

Our 6 Part Series Index: –

Thinking of Selling? In this climate, the agent you chose is more important than ever.

If you’re looking to sell your home, our agents will be able to advise you on what areas of your home you should focus on before listing your property for sale.

6 Easy Ways To Add Instant Value To Your Home Part 5

High pressure cleaning

Part 5. High Pressure Clean Old Surfaces

Clean surfaces that look as good as new is important because nothing says neglect like a dirty looking house. No matter what kind of home you have, it will always look cared for if it is kept clean. Pressure cleaners are a great way to remove things like dirt, mildew, and oil from a variety of surfaces to make them look clean and like new again. Over a weekend it’s perfectly achievable to hire a high-pressure water cleaner and tackle surfaces like:

  • Courtyard pavers
  • Outdoor decks
  • Driveways and garage floors
  • The grout in between bricks and outdoor tiles

Make sure you do plenty of research so you know exactly what attachments, water pressure and detergents you will need for different surfaces. This is important as you don’t want to end up causing any damage to your home. Of course, if your budget allows, you can always hire a professional to do it for you. An average cost is around $150-$250 for anywhere up to 40 square metres.

A neglected garden lowers your home’s value by somewhere between 5-15%.

Browse our other blogs on cleaning –

Our 6 Part Series Index: –

Thinking of Selling? In this climate, the agent you chose is more important than ever.

If you’re looking to sell your home, our agents will be able to advise you on what areas of your home you should focus on before listing your property for sale.