July 2022 Newsletter
HEY NEIGHBOUR!
I hope everyone has got through the end of financial year successfully! It was another tough year for many Australians! Just when you think there's light at the end of the tunnel, there are new challenges ahead, but I suppose that is part of life. Australia (and the world) is in such a strange place now and has lots of hurdles ahead: the fallout from Covid-19, global supply chain challenges, new leaders in many countries, rising cost of living, market volatility and employment shortages are amongst some of the issues we face. With all these issues, we are going to be even more focused on our mission of helping Australians love and enjoy their home. Because there's no place like home and this is even more pertinent after a tough day! Therefore, we want to try and make this feeling possible for as many people as we can.
For us, FY2023 represents our first full financial year with our brand - The Neighbourhood Property Collective (formerly CD Realty). Our new name really embodies what we are passionate about: community. Over the coming months, we will be focused on improving the experience of living and being part of a community for our renters and our rental providers. Part of this will be this newsletter which we will run every 4 - 6 weeks. Our aim is to connect our community with helpful insights, neighbourhood news, tips and some market information. Think of it as the old-style community bulletin board.
If you have any questions, ideas or general feedback, please don't wait for us to reach out. We love hearing from you so please send us as email, give us a call or even better, come into the office and say hello! If you want to stay in touch more regularly, please follow us on our social accounts (links below).
We're thrilled to have you as part of our community, and to be part of yours.
Thank you, and enjoy your day, week, and month!
Speak soon.
Carmela
MARKET INSIGHTS
We strive to stay up to date on the latest market trends. Here are a few articles we think are worth reading.
- What rising interest rates reveal about the future of the property market.
Fixed and variable interest are on the rise which is adding pressure to the residential property market and they are expected to increase by another 0.50 per cent within the next 1 - 2 months. Naturally, this is impacting consumer sentiment but it's also impacting what buyers can borrow. Both vendors and buyers will need to reset their expectations. - Ways Australia can address its worsening rental affordability crisis.
Housing availability is at its lowest in some areas of the country and this is expected to get worse for renters, especially if immigration returns.
- How the RBA duped Aussie households.
According to Christopher Joye, the RBA is on a 'path to impose one of the most aggressive interest rate hiking cycles in the developed world on the globe's most interest rate sensitive economy despite not having clear evidence that Australia has a protracted core inflation problem'. - The building companies that collapsed in the past year.
Apparently, at least 15 building companies across Australia have collapsed within the past 12 months, with many more expected to occur. Most of these are not yet in Victoria, but should we expect more locally? - The Aussie housing crash in accelerating.
Another article from Christopher Joye in the AFR discusses housing prices getting more volatile.
COMMUNITY BULLETIN BOARD
What's new in your neighbourhood? These are a few recent updates that are happening in some of our local communities.
- Mount Waverley needs a fenced off-leash dog park.
State member Matt Fregon MP is petitioning for a fenced off-leash dog area within the suburb. If successful, pet owners in Mount Waverley would have a safe space to let their dogs explore. - FOGO bins are being implemented in Brighton schools.
The Brighton Council has offered FOGO bins and free organic waste collection to encourage schools to manage their waste responsibly. The more we can recycle and compost, the more we reduce the waste added to landfill. - Have your say towards the future of the East Burwood Reserve.
This Saturday, there is a free community event to discuss ideas and concerns for the future of the local park. There will be complimentary coffee and muffins and it is hosted on the north playground with free activities for kids.
NEIGHBOURHOOD NEWS
Here in The Neighbourhood office, we work to continuously improve your experience and our services. Our below efforts in the last month were focused on building a helpful and inclusive community.
- We filmed an Introduction to The Neighbourhood video for our website.
This video was created to help new members of our neighbourhood put a face to the voice they hear on the phone. Our founder Carmela Dimasi talks about the changes we are implementing moving forward. - We have launched our new social media platforms.
We want to create a space for an online community that focuses on everyone feeling comfortable and happy in their home. Please engage with us, tell us what you want to see on these platforms so we can best help you love where you live. - We published a blog post about Stress-Free Packing.
We have an online resources section on our website where we publish blogs and articles aimed to make rental life easier for you in one easy-access place.
