Finance advice

Reality TV raises buyer interest in kitchens

By webmaster

The kitchen has always played a key role in the value of a home, however, with the rise in reality TV programs such as Masterchef, the layout and design is now front of mind for many home buyers, one industry body has claimed.

"The kitchen has been promoted into an area of prominence also by the plethora of highly publicised and successful cooking television programs such as MasterChef,” Archicentre’s state manager Queensland, Ian Agnew said.

"Kitchens are such a showpiece now that many homes have two, one inside and the other outside. The back deck of a home, once the domain of just a portable barbeque, now frequently comes with its own dining setting, wood fired pizza oven, refrigerator and sink."

Century 21 general manager Paul Mylott said he was not surprised that the kitchen plays a key role in the property purchase decision.

“The kitchen has risen in significance as an important property feature, especially when it comes to selling,” Mr Mylott said in a recent blog.

He said it was important that home owners sought professional advice before spending the "large sums of money [that] can be invested into renovating kitchens."

Archicentre is owned by the Australian Institute of Architects.

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With the softening market impacting property values in many parts of Australia, Sally Dale, Opteon state director for NSW, ACT and Qld joins us to discuss the importance of valuations in the current property market

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Joining host Phil Tarrant, Sally will draw on her 25 years of experience in valuation and discuss the processes involved in arriving at a value for a particular property. She will also share how that process differs between commercial and residential properties and the difficulties which regional property valuations can present.

Sally will unpack the importance and cost of regular valuations on your properties, discuss whether presentation and owner input can sway a valuation and share what you should look for when seeking a reputable property valuer.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

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A softening market can be a difficult time for a property investor with finance approval tightening and property capital growth slowing, and while many real estate agents are also feeling the squeeze McGrath Brighton Le Sands' Bill Tsounias claims it is simply the market returning to normal.

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In this episode of the Smart Property Investment Show, Bill joins host Phil Tarrant to share his thoughts on the current Sydney property market, and to share the shifts that he has seen in house and unit sale prices following their worst quarter in the past decade.

Bill will unpack why properties are spending longer on market, share what he believes property investors are doing wrong when trying to sell their properties and share the secrets to getting the best out of a real estate agent and an auction in the current softening market.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

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Gavin Kemp and his now-fiancé bought their first property together after only six months of dating. They weren’t even living together at the time. Now, two years on, the pair have bought five properties, sold two and have a solid plan in place for their ongoing property journey. 

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Gavin will share his thoughts on the current property market, reveal the people who he has leaned on throughout his property journey and discuss why his strategy employs a zero procrastination rule.

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A joint property portfolio before they were even living together

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