Sydney’s Most Searched Locations
According to real estate portal realestate.dom.au the ten most searched locations in NSW are in order: Port Macquarie, Kellyville, Castle Hill, Mosman, Blacktown, Manly, Orange, Bowral, Cronulla and Baulkham Hills. That’s an interesting mix, with possibly more than a sprinkling of lifestyle and dreaming.
Melbourne’s Most Searched Locations
According to another real estate portal domain.com.au the ten most searched locations in Victoria are again in order: South Yarra, Richmond, Brunswick, Hawthorn, St Kilda, Fitzroy, Carlton, Warrnambool, Prahran and Ballarat.
An interesting observation from both lists is that these are ‘searched locations’ so they may well have much more to do with people’s aspirations, if you like having a peak over your neighbour’s fence, than actual intentions to buy. After all both lists include some fairly expensive suburbs.
Rents & Interest Rates
Australia official interest rates has been stuck at 1.5% since August 2016. There’s almost an audible collective sigh of relief from those with home loans every time the Reserve Bank does not increase rates. Those with deposit funds might be less happy. However, there’s another group impacted by the low interest rate environment, that’s those renting. Stable interest rates and much more new supply have acted to keep rents growing at their slowest pace since 1993. We’ve also seen record low wage growth. This opens the debate about what will happen when rates do rise and investors look to increase rentals, possibly with hefty increases. Will tenants have the capacity to pay? In every way households renting will face the same financial pressure from higher rates than their investor landlords. This could lead to a tricky market.
Curves in Architecture
Research shows that as humans we generally like curves, more than straight edges and sharp corners. One reason quoted is that curves signal a lack of threat. Look around almost any city and you will see lots of evidence that supports that idea and it’s a well established theme of architecture. Sydney’s Australia Square (despite the name) is one very well-known local example.
It’s a trend that is also now spreading to the design of apartment buildings. Some high-profile examples include the Central Park Wonderland, Coterie apartments, Arkadia and Barangaroo towers. In many Asian cities, there’s also a strong trend towards the use of curves in architecture to reflect elements of nature. The integration of organic forms and Eastern design principles, with nature at the core is often referred to as ‘Emotional Architecture.’
What Colour is Your Front Door?
Our front doors come in all sorts of designs and colours. They can be a cool architectural style, a modern classic, feature big brassy handles, they can even be big double front doors. But it’s the colour, according to research by Dulux Paints that’s the most telling feature. Here’s a few for comparison: navy blue – intelligence, yellow – says welcome, grey – sincerity, black – mystery (think 10 Downing Street), red – that’s easy passion and white – also a bit predictable is a sign of a peaceful household. What colour is your front door?
Sydney’s Coastal Walk Expanded
This weekend Sydney’s newest coastal bush trail will be officially opened. The walk opens the western section of Malabar Headland National Park and is a joint venture between Randwick City Council and NSW National Parks and Wildlife Service.
The 1.15km track provides public access to Malabar Headland, which recently re-opened to the public for the first time in 100 years creating a circular loop by linking with the coastal NPWS Boora Point Walking Track. Randwick residents and visitors will welcome this development and it’s one of the many natural features making this region popular with buyers looking to move to Sydney’s east.
The walk forms part of Sydney’s famous Coastal Walkway and links South Maroubra Beach with Malabar Beach. Council has plans to build a continuous path along the entire coastline between Clovelly and La Perouse.