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Tamarama’s Kalypso apartments offer grand design and spectacular ocean views

An artist’s impression of the view from a penthouse terrace at Kalypso, Tamarama.

A block of bespoke luxury residences set to hit the market in Tamarama is tipped to be popular as buyers love affair with a beachside lifestyle gathers pace during COVID-19.

Kalypso will be a block of just nine — comprising one bedders, two-bedders, sub-penthouses and a penthouse — is a development by Dare Property’s Danny Avidan to be built at 63 Fletcher Street.

Large windows and balconies soak in the spectacular views of the stunning coastline, from Bondi in the northeast to Tamarama and Bronte in the south.

Selling agent Ben Stewart of CBRE says: “It’s going to be pretty popular … we’ve got very strong interest already.

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An artist’s impression of Kalypso, which is to be built at 63 Fletcher Street, Tamarama.

“There’s a real appetite for that beachside lifestyle, particularly with a lot of people working from home now.”

Avidan, once the businessman behind fashion brands Charlie Brown, Howard Showers and Hollywood Fashion Tape, has since earnt his stripes as a highly successful property developer and already built the Wave development in Fletcher Street.

This latest project, Kalypso, brings together architects MHNDU, who have created the illusion of the three-level block being carved into the sloping street, mirroring stunning cliffs nearby.

The three-bedroom residences all have fireplaces.

Interiors are by MIM Design. There are curved walls and elegant Bianco Lana marble benchtops, designed to be in synch with waves close-by.

And as afternoon blends to evening in front of the keyboard as residents of the three-bedroom homes gaze out to their ocean view, they need go no further than their copper-framed wine cellar for a well-earned drink.

They’ll also have fireplaces.

There are integrated Wolf and Sub-Zero appliances throughout.

Copper-framed wine cellars and magnificent views.

And get set for freestanding bathtubs with double vanities in the bathrooms.

The penthouse master bedroom will feature a balcony with breathtaking ocean views.

Prices are yet to be finalised, but insiders suggest the four two-bedders, with interiors of 80 to 85 sqm plus 12 to 15sqm balconies, will be priced in the high $2m range.

The three penthouse-style apartments, with more than 200sqm of internal space, will have double-digit price expectations.

The standard three-bedroom apartment will be in the $5m range.

Beautiful kitchens.

And the three one-bedders, which will also have Sub-Zero and Wolf appliances — will be in the late $1m range.

All of the apartments will come with garaging, and the three-bedroom apartments will offer two car spaces.

Lords, the builders, will start demolition on the site in December with completion not due until mid 2022.

Stewart says there continues to be strong demand for the owner-occupier properties.

Bespoke finishes.

“We’re finding prestige properties and units that are rare are still selling very well,” he said.

“Empty-nesters and downsizers are saying give me something special to enjoy my life in,

“People are definitely spending more on their principal place of residence.

“There are minimal sales in investment stock, but owner-occupier sales are very strong.”

There’s been much discussion of inner-city apartments taking time to sell, but Stewart says they are seeing good resales of quality luxury apartments.

He said there’d been a sale last week of $13.5m at the Opera Residences, the 102 unit development at Circular Quay, which equated to $87,000 per sq metre.

“There’s been an uplift in price on resale of up to 25 per cent,” Stewart said.

“During COVID, there’s definitely been a flight to quality.”

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Sydney auctions: Experts reveal the best ways to bid at auction this spring

Putney home auction

The right technique can be the difference between securing a property and missing out. Picture: Tim Hunter.

An auction is the most heart pounding experience a buyer will face on the path to owning what might be their first or twentieth home.

The high stakes event can often feel like a poker game or an emotional rollercoaster for some. This can make it easy to get swept up in the mayhem — by paying more for a property than planned, or missing out due to a bad technique.

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While a property’s features and the local property market have the most significant impact on how much a buyer will pay, having the right bidding strategy might just ensure you walk way with the keys, Cooley Auctions auctioneer Michael Garofolo said.

Auction with no reserve

Making the opening bid can allow you to control the auction and possibly eliminate some competition. Picture: James Gourley/The Sunday Telegraph.

“Don’t be afraid make the first bid, as this allows you to take control of the auction and it shows the bidders you mean business,” he said.

Making the opening bid means the buyer can set the tone for the rest of the auction, Mr Garofolo said, adding that by starting strong, it could also scare off other buyers from bidding.

He said it was not about where a bidder starts with their opening bid, but where it finished.

“Be cheeky and offer less than the guided price, as nine times out 10, the auctioneer will always counter and might meet you halfway,” he said.

“Just remember to not put your best and final figure first as you want to leave some fuel in the tank.”

The auctioneer said buyers should never wait for the property to be called to market before bidding, as it increased the risk of overpaying.

“It means any bids from here are at market value or above,” he said.

Mr Garofolo said bidders should instead be proactive beforehand to give themselves the best opportunity to be at the front of the pack for any negotiations that come up.

Making small bidding increments of $1000 at the end of the auction could also see a buyer miss out, Mr Garofolo said, adding it allowed others to remain in the picture.

“I’ve seen many buyers miss out by $500 because they didn’t attempt to land a knockout bid,” he said.

Gladesville home auction

Michael Garofolo (pictured centre) said bidders who increase their bids in increments as low as $500 towards the end of the auction run the risk of missing out. Picture: Sam Ruttyn.

At the same time, buyers’ agent Rich Harvey of Propertybuyer said people should also not throw a knockout $200,000 bid in an attempt to wipe out the competition.

“It doesn’t always work, and you could be left paying far more than what the home was actually going to sell for,” he said.

Wearing sunglasses or the body language you let off could also impact your prospects of winning an auction Mr Harvey said.

Hot Auction - 20 Ellalong Rd, North Turramurra

Keen bidders should stand where the auctioneer can clearly see them. Picture: David Swift.

“Some buyers like to wear sunglasses like a poker play would to hide their intentions or what they are thinking,” he said.

The buyers’ agent said it did not matter where a person opted to stand during the auction, as long as the auctioneer can see them.

Before even placing a bid, Mr Harvey said it was important to research the local market to see what the competition is like and how much homes are selling for to allow you to create the best auction strategy.

“This allows you and your bidding partner to work out what is the maximum amount you will bid and will not go past,” he said.

Buyers agent Rich Harvey said it was important to write down your maximum bid and never go past it as you run of the risk of regretting it.

“Never do flexible figures as you will end up regretting it after the auction when you have to go past your budget.”

Mr Harvey also advised buyers to write down your bids and ensure the auctioneer hears your correct bid.

“The early $1 millions can get quite confusing, and an auctioneer might hear a higher bid than you want,” he said.

Despite Australia being in the middle of its first recession since 1991, the number of scheduled auctions is expected to ramp up over the coming months with the arrival of the popular spring selling season.

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Cattle station sold for massive $35m via online auction

Nardoo cattle station sold for $35m under the hammer via Ray White Rural QLD.

An enormous Queensland cattle station has sold for $35m via online auction – the biggest price fetched under the hammer by one of the country’s leading agencies this year.

Eleven bidders registered to bid on the 97,500ha Nardoo cattle station, with the first bid coming in at a whopping $20m.

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Nardoo cattle station was the biggest under the hammer price fetched across Ray White so far this year.

Ray White Rural Queensland principal Bruce Douglas facilitated the sale which was “the highest under the hammer price across Ray White this year”, a company statement said.

“Interest came almost exclusively from larger grazier families around Queensland,” Mr Douglas said. “It’s good cattle country and very tightly held, properties don’t come up very often in the area so buyers jumped on it.”

Stunning scenery across the station.

He said the property saw strong interest all the way through the sales campaign.

The massive cattle station sold to a local Cloncurry grazier family.

Outgoing owners Peter and Ann Wollett offered the property up for auction along it is cattle and plant machinery.

The station has a carrying capacity of 8000 cattle and is located 280km north west of Cloncurry.

The classic homestead at Nardoo station.

Among other big cattle station sales in Queensland this year according to BeefCentral was Dooruna 100 west of Moranbah which sold for $27m to Goondiwindi family the Duddys.

As well, Terrica, 56km north west of Stanthorpe, sold in August to Grimwade & Gordon for $14m, it said, while Whyenbirra, 132km south west of St George sold for $4.3m to Robert Woodward in late August.

LATEST QLD REAL ESTATE NEWS

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Simon Diaz: Smooth sailing in property for radio announcer

Simon Diaz grew up in Glen Waverley and still lives nearby.

Simon Diaz is a smoothfm 91.5 afternoon announcer.

Where do you live?

In the southeastern suburbs with my wife and two boys in a 1980s, mission-brown brick, three-bedroom home we bought in 1997, just before Melbourne’s property prices went crazy. It even came with an ’80s kidney-shaped pool.

What do you love most about your home?

The outdoor room, which overlooks the pool. I also love that our home is close to friends we made through mothers’ group, the local footy club is only 500m away, the local Westfield is a five-minute drive, and a ride up the Dandenongs is not too far. Getting to the smoothfm studios, in Richmond, on the “Monash carpark”, though, is very trying.

Have you changed anything?

We altered a few internal walls to create a separate living area so the boys could have their own living area and we didn’t have to hear the PlayStation. And we converted the outdoor deck into an outdoor room we could use all year round.

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One more thing you’d change?

We often say we should’ve knocked down the house and rebuilt, but there was no way we could’ve afforded it back then.

How many homes have you ever lived in?

I grew up in Glen Waverley, in a home my dad designed in the ’70s and ’80s. It’s still one of a kind. I’ve also lived in numerous flats in country towns throughout my radio journey.

The most memorable?

A coastal block down the Bass Coast I bought for nine grand. I told all my mates about it and they bought blocks as well. We had the best summers down there, camping. Eventually, we built on the block and sold it.

Your first foot on the property ladder?

Where I’m living. We’ve also had a few investment properties we’ve renovated and sold.

Are you a keen or reluctant property buyer?

I’ve always been a keen property watcher and buyer. We’re the sort of couple that can be driving through a suburb, see a sale sign and look up the property to see what it’s selling for.

Highlights of your property journey?

Seeing how new carpet, a coat of paint and a little kitchen and bathroom makeover can make such a difference.

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The lowlights?

There’s always a risk with an investment property. A tenant can damage your property and can skip rent, which has happened to us.

Tips for homebuyers?

Buy within your means. Make sure you can service the loan. If it means moving a bit further out, like we did, so be it.

Future property plans?

We’re looking at a knockdown rebuild in Mornington and plan to eventually sell our family home, once the kids have finished school, and move down there. I’m sure the boys will follow.

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Postcard view of Sydney Harbour Bridge matched by absolute luxury

Peek-a-boo – 801/20 Alfred St, Milsons Point.

You would be hard pressed to get a home closer to one of Australia’s best-known icons.

And that’s just the beginning of this stellar penthouse that sprawls over two levels of what could best be described as pure opulence.

The four-bedroom apartment at 801/20 Alfred St, Milsons Point, is located in the landmark, boutique complex aptly called The Point.

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Michael Coombs, of LJ Hooker Avnu, is well-versed in selling some of the lower north shore’s most prestigious homes, and says it is a standout.

“This is the best apartment I’ve had the opportunity to sell on the north shore – it’s an absolute stunner on every level,” he said.

It’s a big call, but you only have to set foot inside to see what he is talking about.

A void across both levels of the apartment connects the floors, and with no neighbours, privacy is a big feature.

What a view!

The main bedroom.

Floor to ceiling glass doors imported from Germany slide away to reveal multiple terraces perfect for relaxing or entertaining. One can only imagine the spectacle that unfolds on New Year’s Eve.

Mr Coombs said the owners had undertaken a massive renovation of the apartment, creating a home of elegance and flawless contemporary design.

“It’s a new build – they even raised the roof internally,” Mr Coombs said. “It’s the closest apartment building to the Harbour Bridge. It’s postcard angle so you get to see the bridge and the city and everything in between.”

Luxury living.

Formal dining.

It comes as no surprise that everyone wants to have a look at this apartment – even if they don’t have the bank balance to afford it.

Since the property was listed, it has been viewed on the realestate.com.au site more than 5000 times.

Nothing has been forgotten in the rebuild, from the induction kitchen with hidden pantry to the granite island bench and marble ensuite.

There are multiple terraces.

The kitchen.

There is a six-car garage, remote priority lift access, video intercom, and security alarm of course.

“It’s truly an aspirational property,” Mr Coombs said.

The property is for sale by private treaty with a guide of $15 million to $16.5 million. It is open for inspection by private appointment. For more details contact Mr Coombs, or co-agent Adam Ross, of Knight Frank Australia.

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Olinda treehouse for sale lets buyers live among the ferns

20 Olinda-Monbulk Road, Olinda requires no artwork on the walls as its natural surroundings are picture perfect.

There’s no need to go buy the fancy fern wallpaper that seems to be all the rage right now for this Olinda treehouse. 

The picturesque property with huge glass windows is surrounded by forest, a tiered fern garden and native birdlife – letting nature do all the work for you.

The three-bedroom pad at 20 Olinda-Monbulk Road is on the market with a $1.2m price tag.

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The kitchen backdrop looks fake it’s so lush.

Give me a home among the treetops.

The lucky buyers will feel at one with nature: the home has you feeling like you’re living in a secluded haven, yet it’s just 50m from the local village, which features boutique stores, antique shops, cafes and restaurants.

Bell agent Elliot Bell said the house had functioned as the owners’ weekender, and had been completely rebuilt.

“It’s a fit out you’d find in Brighton or the Bayside suburbs,” he said.

The owners have $1.2m price hopes.

The home has most recently been used as a weekender.

The property was designed around an open-plan communal hub, which features the kitchen, living and dining zone and connects to the large entertainment deck.

The bedrooms and bathrooms flank this hub.

Soaring ceilings, a gas fireplace, and the picture windows that frame lush green vistas are standout features of the home.

A private garden studio, which could be “the perfect spot to finish that novel”, is another highlight.

Be at one with nature.

A quaint studio in the gardens rounds out the package.

“It’s disappointing we can’t show people through at the moment but once we are able to do so, it will get snatched up really quickly,” Mr Bell said.

“It’s biggest appeal is it is this amazing secluded property, but still only a 1-2 minute walk from the village.”

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Entertainer’s dream in Griffith all set up for an epic house-warming party

No. 16 Landsborough St in Griffith is up for sale.

Sleek and sophisticated, this luxurious Griffith residence is fit for the most extravagant of house-warming parties with a host of premium perks, including a kitchen that will “blow your mind”.

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Set behind automatic gates on a private 1002sqm landholding, the four-bedroom property at 16 Landsborough Street features plenty of luxurious extras including a luxury master ensuite adorned with Arabescato marble, a swimming pool with spa jets and hydronic underfloor heating.

The incredible facade.

The kitchen has everything you need for entertaining with two integrated double fridge/freezers, an integrated dishwasher, two cooktops, three ovens including plate warmers, a steam oven and microwave, as well as two climate-controlled wine fridges with capacity for 356 bottles.

Selling agent Mario Sanfrancesco, from Blackshaw – Manuka, said the abode, designed by Terry Ring from Architects Ring and Associates, is “absolutely spectacular”.

“The kitchen will blow your mind. Without doubt, it’s one of the most outstanding kitchens I’ve seen – from the overall quality and style, to the appliances, wine fridge. Let’s just say that the house-warming party would be amazing!”

Modern kitchen.

The perfect flow between inside and out.

Constructed by Homes by Howe as the personal home for builder-director Brendan Howe and his family, the Griffith property has etched its position alongside some of Canberra’s finest homes.

“It offers an amazing resort-style lifestyle with a really functional and flexible floorplan,” Mr Sanfrancesco said.

“There’s a separate studio or fifth bedroom-gym-office at the rear of the property, which I think is a really unique offering. The options really are endless, it can be tailored to your needs,”

Spotted gum timbers have been used throughout the home, from the solid front door, to the open staircase, refined timber in the kitchen and the garage door.

The alfresco entertaining area includes a barbecue and a full outdoor kitchen with a sink and fridge.

Chic industrial style throughout.

The separate self-contained studio, which is currently used as a gym includes a kitchen, bathroom and walk-in robe and offers flexibility as a home office or another outhouse.

In addition, there are also solar panels, a zoned security system and extensive garaging with internal access, anti-slip flooring and a workbench.

The property is due to go to auction on 26 September at 10am.

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Buyer demand explodes in Townsville’s 2019 flood-affected suburbs

Aerial pictures of Flooding of flooding in Townsville. Credit Barry Gibson

Some of Townsville’s flood-affected suburbs have seen a resurgence in buyer demand, with interest up 96.7 per cent in one of the most impacted suburbs.

Exclusive data from realestate.com.au shows that Hermit Park, which is known for its good school catchments and charming Queenslander homes, has seen the biggest year-on-year growth in demand, with its median sales price reflecting the renewed interest from buyers.

Thirty-four houses and 25 units have changed hands in the tightly-held suburb over the past 12 months, with the median sales price for houses up 22.8 per cent in three months to $316,500.

Over 12 months, the median house sales price has increased 4.2 per cent, according to the REA Market Trends report for August.

But the data shows median house prices in Hermit Park still have some ground to make up on its 10-year median sales price of $389,000.

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Flooding Townsville

Aerial damage of Rooneys Bridge, Railway Estate from a helicopter. Picture: Zak Simmonds

Ray White’s Julie Mahoney is marketing a Queenslander packed with period features at 47 Ackers Street in Hermit Park.

47 Ackers St, Hermit Park

She said many of the flood-affected suburbs were “off-the-market” for a few months after the unprecedented 2019 inundation, which was caused by a tropical low that parked itself over the region, causing heavy rain, flash flooding and forced the complete opening of the Ross Dam spillway.

But buyers were now being drawn back to these suburbs.

“People love the area (Hermit Park). It has got some great school zones and the houses are divine and full of character,” Ms Mahoney said.

“Just recently (September 1) we sold one on Carmody Street at auction with eight registered bidders.”

Ms Mahoney said Idalia, another suburb affected by the extreme weather event, was also seeing a comeback.

The realestate.com.au data shows year-on-year buyer demand in Idalia is up 81.5 per cent.

Median house prices slumped 9.9 per cent over the 12 months to August, but the suburb recorded a 3.3 per cent increase in prices in the past three months to $410,000.

Five years ago, the median house sales price in Idalia was $530,000.

***

TOWNSVILLE REGION

Suburb/Demand Year-on-Year

Hermit Park 96.4%

Rasmussen 85.6%

Heatley 84.4%

Condon 82.2%

Idalia 81.5%

Aitkenvale 62.9%

Kelso 60.3%

Mount Louisa 58.0%

Bohle Plains 53.1%

Ayr 51.9%

Home Hill 48.0%

Annandale 46.7%

Mundingburra 45.6%

Railway Estate 42.0%

Gulliver 40.7%

Bushland Beach 39.0%

Douglas 37.2%

Burdell 27.4%

Ingham 24.5%

Kirwan 23.7%

(Source: realestate.com.au)

***

Keyes & Co principal Damien Keyes, who has a number of listed properties in Idalia, said the appetite for quality houses in Idalia “has been fantastic”.

“I have achieved roughly pre-flood valuations in a number of price points in Idalia,” he said.

“Buyers are asking lots of questions (about the impact of the floods) but they are also seeing the chance to buy a well-finished property in a nice suburb close to the city, one they may not have been able to afford to buy into a few years ago.”

Flooding Townsville

Aerial damage of Idalia from a helicopter during the 2019 floods. Picture: Zak Simmonds

Mr Keyes said he recently sold a lakefront house in Idalia for $760,000 – the highest price achieved so far in Idalia post-flood, he said.

“It was snapped up by a family who experienced the floods in an older suburb,” he said.

“Buyers are coming in eyes wide open, and asking questions around whether properties were flood-affected before the dam was released.

“The general attitude seems to be that the weather event was a freakish one compounded by the management of the dam and that is something buyers are prepared to wear, that they believe that won’t be stuffed up again.”

Real Estate

Keyes and Co Property Director Damien Keyes.

Railway Estate has seen a 42 per cent increase in demand, according to the realestate.com.au data.

Thirty houses have sold in the past 12 months, with the inner-city suburb recording a 12-month median sales price increase of 3.9 per cent to $296,250.

REA chief economist Nerida Conisbee said the recovery in affected suburbs was not dissimilar to other areas affected by natural disasters.

She said the mining recovery in the region was also bolstering the market.

“We see it after fires, floods, buyers come back because these events often happen in desirable areas,” she said.

“We see a short-term dip (in values) but they almost always come back up.

“We saw it after the Brisbane floods (2011), with all those affected areas now recording values well above what they did pre-flood.

“You look at places like Florida (USA) which experiences hurricanes but people keep building there.

“Buyers make adjustments for risk and desirability.”

REA chief economist Nerida Conisbee

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The Morning Show co-host Larry Emdur quietly lists Bondi investment properties

Larry Emdur with his Morning Show co-host, Kylie Gillies.

The Morning Show’s Larry Emdur has quietly listed his Bondi investment properties on the back of his agent son’s recent sales success in the neighbourhood.

Son Jye Emdur, who works for The Agency alongside Brad Gillespie, set a building record for an Art Deco two-bedder at 6/28 Ramsgate Avenue, North Bondi recently.

“We were guiding $1.1m, but we had 60 groups through and sold it in seven days prior to auction for $1.36m,” he told the Wentworth Courier.

Snapped up by a young local man from Waverley using a buyer’s agent, he had first home buyers and a handful of investors keen.

“It felt positive and strong from the get-go,” he said.

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Jye Emdur sold 6/28 Ramsgate Avenue, North Bondi for $1.36m, a record for the block.

The two-bedroom apartment attracted 60 groups through and sold in a week.

Chippendale auction

Jye Emdur at an auction in Chippendale in July. Picture: Darren Leigh-Roberts

Despite the market for apartments in the inner-city being less strong, the experience in Bondi enthused dad Larry.

“He’s had Bondi investments for 30 years and he’s looking to do other investments down the track rather than one-bedroom or two-bedroom units,” Emdur said.

“So we’ve got them on the database and we’ve got some who missed out on Ramsgate Avenue looking, and a few others have been through.”

Ultimately, he expects his dad will put the apartments — a one-bedder at 3/78 Brighton Boulevard purchased for $318,000 in 2001 that collects $600 a week in rent and a two-bedder at 5/16 Glen Street, Bondi bought for $400,000 that same year that had been renting for 850 a week — on the general market.

The facade of 3/78 Brighton Boulevard, North Bondi.

The Brighton Boulevard apartment features a renovated kitchen and bathroom.

There are now hopes of circa $1m for each of the apartments.

Jye says Larry and wife Sylvie have no plans to move on from their $3m apartment in the Rocks in the CBD, purchased in 2017 after accountant Anthony Bell paid a suburb-record setting $11.5m for their clifftop mansion in Dover Heights.

They live both there and the Berowra Waters holiday home with river views purchased for $1.1m in February.

Jye, 26, spent the first few years of his life living with his parents at an apartment on Ramsgate Avenue, North Bondi.

The terrace of the two-bedroom apartment at 5/16 Glen Street, Bondi.

The Glen Street apartment has two bedrooms.

The family retains that apartment, bought for $375,000 in 1992.

Larry Emdur, who grew up by the beach at Bondi, has been an enthusiastic surfer all his life.

Says Jye: “Dad used to surf a lot … that’s how he fell into his job, being a copy boy over night and he’d surf all day.”

Jye, an agent for two years with The Agency, shares an enthusiasm for Bondi.

“Three generations of Emdurs have lived in Bondi and Bondi holds a very special and close place in my heart,” he said.

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Homeowners could save thousands switching to better mortgages now

Hawthorne

Based on Brisbane’s median house price of $550,000, owner occupiers with a $440,000 loan could make big savings of $4,494 a year switching to a better loan.

Homeowners could save close to $4500 a year off their mortgages by shopping for a better loan deal now, new analysis found.

Comparison site Finder insights manager Graham Cooke urged more Aussies to look into how to boost savings across multiple cost centres.

“At a time when many households are feeling the financial pinch of COVID-19, we urge Aussies to see how their current loan stacks up,” he said.

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“If you’re paying a higher interest rate or steeper fees, it could be time to switch and save.”

He said there had never been a more important time to get a savings boost than now.

“For an owner-occupier loan (variable), Aussies could save $4,494 per year or $134,835 over 30 years by switching to the best product on the market.”

The comments came after the comparison firm’s 2020 awards named Freedom Lend its home loan category winner. Freedom Lend took out three categories in the Finder Awards including best owner occupier home loan – variable, best refinance home loan, and best investor home loan.

Finder’s award for best owner occupier home loan – three year fixed was a product by Well Home Loans, while best investor home loan principal and interest three year fixed was awarded to Tic: Toc and best low deposit home loan (owner-occupier variable) was by P & N Bank & Home Loan.

According to Finder calculations, based on a loan size of $440,000, assuming 80 per cent LVR (based on Brisbane’s median house price of $550,000), the annual saving to be had switching to the best owner occupier variable home loan was $4,494 or $134,835 over 30 years.

Finder said it arrived at the figures by reviewing the winner’s interest rate in the final quarter of the Finder Awards assessment period (12 months to May 2020) versus the current standard rates quoted by the big four banks.

The winning three year fixed best owner occupier home loan saw calculated savings of $506 annually or $15,188 over three decades using that Brisbane data.

The best variable investor (P & I) home loan savings were estimated at $4,124pa or $123,705/30years while that of the three year fixed for the investor category was $431pa or $12,942/30years.

Mr Cooke said homeowners could also use apps to identify mortgage savings opportunities.

“Once you connect your accounts to the (Finder) app, it analyses your spending behaviour, hunts down savings and sends you alerts when it could make financial sense for you to refinance.”

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