Sydney and Brisbane median unit prices

In this article, we will look at the median unit price trends in the Brisbane and Sydney markets.

Here is a graph of the median unit prices in Sydney and is based on approx 500 sales per year:

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Now let’s compare Sydney to Brisbane:

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The sunshine state capital Brisbane is set to boom and has seen significant investment over the past 5 years in both the public and private sectors. The recent new infrastructure, multi-unit residential dwellings and planned entertainment precincts in the CBD all are factored in. Many claim that Brisbane will be the strongest market in Australia for the next five or six years.

 

 

Pets and strata management

The following is an overview of the basics of pets and strata management.

The laws and around keeping animals in strata schemes are often disputed, which normally involves the owners corporation’s refusal to allow animals, however allowing pets is not clearly prohibited in the by-laws of the strata scheme that is in question.

If the owners corporation does not want to allow pets they need to pass a by-law that prohibits all pets and animals.

There are laws to protect people that require companion animals, such as guide dogs. Generally, all such animals are allowed by law. Each state can differ.puppy-guide-dogsin-training

If the by-law prohibits pets, applicants can seek permission in writing, although the owner’s corporation has the right to unreasonably refuse if the pet is not a companion animal.

In NSW the following laws are applied in the Strata Titles Act:

“NSW strata by-laws are subject to section 49(4) of the Strata Titles Act which states that by-laws cannot prohibit or prevent the keeping or use of a guide or hearing dog on a lot or common property.”

NSW strata communities are governed by the Strata Schemes Management Act 1996. The Act includes a model by-law regarding the keeping of animals as follows:

“Schedule 1 – By-laws 16 Keeping of animals (1) Subject to section 49 (4), an owner or occupier of a lot must not, without the approval in writing of the owner’s corporation, keep any animal on the lot or the common property. (2) The owners corporation must not unreasonably withhold its approval of the keeping of an animal on a lot or the common property.”

Top 10 desirable suburbs in NSW 2017

What are the top 10 most desirable suburbs in NSW?

Interestingly, Port Macquarie is ranked number 1.

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It is mentioned that this is due to the ‘seachange’  trend in the market and the area has recently attracted a lot of investors.

See all of the story here