🧾 LAND TAX: the hidden holding cost.
We all cheer price growth… then the land tax bill lands.
Key takeaways from Ep. 1525:
• Threshold: ~$1.075m (NSW).
• Rate: ~1.6% above the threshold.
• Examples: freestanding site LV ~$1.71m ≈ ~$27k/yr; strata unit LV ~$185k ≈ ~$2.9k/yr (if over threshold); larger block LV ~$2.85m ≈ ~$45.6k/yr.
• Strategy: strata can massively dilute land value; always check the Valuer General land value, not sale price.
🎯 Action: run the land tax numbers before you buy.
#MorningMinutes #LandTax #NSWProperty #PropertyInvesting #NorthernBeaches

🏛️ Heritage in property: blessing or burden?

From facades in the city to iconic Harry Seidler homes on the beaches — heritage can inspire, but it can also restrict.

✅ The good:

• Preserves history, architecture & culture
• Adds unique character & value when respected

⚠️ The challenges:

• Expensive restorations (even paint colours are regulated)
• Heritage controls can extend inside the home, not just the façade
• Even rocks and landscapes can be protected!

👉 Whether you’re buying, selling, or renting, always check heritage status before signing.

Would you live in a heritage-listed home?

#HeritageHomes #RealEstateTalk #NovakProperties #PropertyTips

🎉 1st of October = Christmas morning for first home buyers 🏡

From today, you can buy with just a 5% deposit (up to $1.5M) thanks to the new federal scheme. The gov’t covers the remaining 15% normally required for mortgage insurance ✅

💰 Why it matters:

• No $20–40K lender’s mortgage insurance 💸
• Entry costs drop from ~$300K to ~$100K on a $1.2M unit
• More buyers entering = more competition

📈 Expect:
✔️ Sub-$1.5M properties to rise
✔️ Knock-on effects into higher brackets
✔️ Units + smaller homes benefiting too

But here’s the catch: buyers weren’t exactly lining up at midnight. The buzz is louder than the bite… for now.

💌 Junk mail or valuable info?
Let’s talk about DL flyers. Some people hate them. Some people love them. One lady told us to stop stuffing her letterbox. Another bolted into our open home asking: “Where’s that list? I love it!”

The truth? Flyers have been around since the early 1900s — and they’re not going anywhere. What matters is what’s inside:
✔️ Actual sale prices
✔️ Growth from past sales
✔️ Photos of the building, not just the lounge room

We focus on community value first, agent second. Not everyone wants digital. Some still love something tangible.

👉 What do you think — helpful or annoying?

#ControversialTuesday #RealEstateMarketing #NovakProperties #DLFlyers #CommunityFirst

🏡✨ The Aussie dream is changing. Land sizes are shrinking, prices are rising, and buyers are getting smarter. From micro-lots near the beach to lifestyle acreages, it’s all about location + design.

👉 Did you know? On just 250sqm in Wooriwood, you can still build a 4–5 bedroom home with a double garage, study, and backyard. And they’re selling for $1.3–$1.5M!

Now, we’ve got something exciting: a corner block in North Curl Curl, minutes from DY Beach 🌊. Rare land this close to the sand is almost impossible to find.

💡 Micro-lot = smart lifestyle, easy maintenance, prime location.
Would you go small block for big lifestyle? Drop your thoughts below 👇

#AussieDream #PropertyMarket #NovakProperties #MicroLot #NorthernBeachesHomes

🎰 Suburb Roulette: Sydney Edition 2025 🏙️
Is your suburb a winner? We dived deep into CoreLogic data to see how much some of Sydney’s major suburbs have grown over the past 10 years—and where the opportunities lie 👀

🏠 DY:

• Houses up 94.8%
• Units up only 45%

🌊 Bondi:

• Houses up 145%
• Units up 52%

📉 Parramatta & Homebush Units:
Flat growth—just 6% and 0% over 10 years. Why? Oversupply.

💡 Key takeaway:
"Supply is the enemy of capital growth." 📉
Want your suburb featured next time? Drop it below! ⬇️

#SydneyProperty #RealEstate2025 #NovakProperties #PropertyInvestment #CoreLogic #SuburbRoulette

💡 YIELD — the most powerful word in commercial property.

Here’s the crash course ⬇️
📊 Yield = annual rent ÷ property value.
👉 Gross yield = rent before expenses.
👉 Net yield = rent after outgoings (council, strata, land tax etc).
👉 Triple net = tenant covers everything.

Why it matters:

• In residential, yield is rarely the focus — buyers chase capital growth.
• In commercial, yield can literally make (or lose) you $$$.
• Secure a tenant on a higher rent, and your property’s value jumps overnight.

Example: one shop went from $700K to $910K in just weeks — only difference? A tenant locked in.

🔑 Pro tip: always ask whether quoted yield is gross, net, or triple net before you buy.

#CommercialProperty #PropertyInvesting #RentalYield #NovakProperties #InvestorTips #PassiveIncome

🚨 Tenant Laws Have Changed 🚨

“No grounds” evictions are gone.
Landlords can still ask tenants to vacate — BUT they now need a valid reason + evidence.

Here’s what counts:
✔️ Selling the property (must show contract/agent letter)
✔️ Major renovations (proof required)
✔️ Landlord/family moving in (stat dec can be used)

⏰ Notice period = still 90 days.
📑 Tenants can now contest the notice at NCAT if they believe it’s invalid.

👉 Bottom line: nothing much has changed except the paperwork.
But it’s now more important than ever to have a professional property manager on your side.

#TenantLaw #NSWProperty #RealEstateAustralia #NovakProperties #PropertyManagement #LandlordTips #RentalMarket