O'meara Property

1/75 The Peninsula, Corlette, Nsw
Duplex / Semi Detached For Lease – Leased

Three bedroom duplex located in one of the best streets in Corlette. The property has an open plan living area with timber flooring, dishwasher, views from the large balcony, small backyard, modern bathrooms and double garage with automatic opener.

26 Cromarty, Soldiers Point, Nsw
House For Lease – Leased

Bright and fresh three bedroom house on the waterfront reserve at Soldiers Point. The property has repainted, has timber flooring, large open plan living area, large deck, built-in wardrobes, two bathrooms and a double garage.

84 Essington, Anna Bay, Nsw
House For Lease – Leased

Large family home in a central location in Anna Bay. The property has three bedrooms and a study, ensuite, large walk-in robe in the main bedroom, covered entertaining area, second living area, fenced yard, garden shed and a double garage.

15/28 Marine, Fingal Bay, Nsw
Unit For Lease – Leased

Furnished three bedroom unit opposite the beach and Fingal Bay Surf Club. The property has a large living area, dishwasher, internal laundry, balcony, ensuite and a single garage.

21 Boulder Bay, Fingal Bay, Nsw
House For Sale – Sold

Perched on the high end of a lovely block of land in Fingal Bay, this cottage is the ideal holiday home, with future development potential. Located within the sound of the waves on the beach, with the smell of salt and the cool breezes in summer you will enjoy this cute cottage. A large sunny deck will help laze away the hours.

8/3-5 Helm, Salamander Bay, Nsw
Townhouse For Sale – Withdrawn

This Townhouse is conveniently located, being a close walk to shopping centre, transport and school. Consisting of three bedrooms upstairs, it is modern and sunny with an easily maintained backyard. An ideal investment or home in a good location and a great price.

16 Nelson, Nelson Bay, Nsw
House For Sale – $379,000

This 1950′s cottage is located right in Nelson Bay, just a short walk to Dutchies beach, marina and town centre. It features three bedrooms, two bathrooms, modern kitchen, spacious living areas and sunny decks front and back. Being in good condition, it is ideal for holidays or permanent living. A single garage and easy care gardens are a bonus.

This could be your little treasure.

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2/28 Pantowora, Corlette, Nsw
Duplex / Semi Detached For Lease – Leased

Neat and tidy two bedroom duplex with a carport located an easy walk to the beach at Corlette. The garage has been converted to make an extra living area or bedroom.

5/9-11 Donald , Nelson Bay, Nsw
Unit For Lease

You will love the sweeping views of the bay from the relaxing balcony of this fresh apartment in the heart of Nelson Bay.
Walk to the cafes, beaches, shops and tourist attractions without having to drive the car!
This property is lovingly cared for by the owners and it is reflected upon by the style and quality of the furnishings.
Sleeps 5 – 1 Queen, 1 Bunk and 1 Trundle
Inclusions – Television, DVD, video, dishwasher, washing machine, dryer, stereo and BBQ
 

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The interest rate rise this week, the first Reserve Bank rise since March 2008 marks the start of an upwards trend in interest rates for the foreseeable future. Market analysts are tipping rate rises again in November and December and predict that the average variable mortgage rate will be around 6.5% before the end of the year (still well below the last 20 year average of 8.8%).

The increase in interest rates is unlikely to see any real burden placed on recent borrowers as banks have been quite ‘gun shy’ lately and will most certainly have assessed loan applications based on a higher interest rate than what we see at the moment. With most lenders lately requiring a minimum deposit of 10% and a track record of genuine savings the banks have been showing a much more considered approach to lending. Current mortgage arrears rates are reported to be 0.5%, the lowest rate in quite some time.

The number of investors entering the market is increasing solidly as first home buyers continue to taper off and there are still plenty of owner occupiers looking to buy. According to information provider RPDATA the number of properties going onto the market in the past three weeks is the highest in many months but the total number of properties for sale is decreasing. A clear sign if any that sellers are showing confidence in the market and demand from buyers is increasing at a faster level than stock coming onto the market; the next six months could be very interesting!