The professionalism of your team was evident at all times and your perseverance during these difficult economic times brought an excellent result.
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Welcome to O’Meara Property
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13/39 Soldiers Point Road , Soldiers Point,
Unit For Sale
Located along the waters edge of Soldiers Point and a short stroll to the vibrant marina and restaurants, is this affordable apartment. Offering 2 individual balconies with waterviews, renovated kitchen, 2 spacious bedrooms with built-in robes, new carpets,1 bathroom and off street secure parking. Presently returning an income, this property is a must to puchase for those looking for an investment away from the fast-paced city life.
4/61 Sandy Point Road , Corlette,
Unit For Sale
Close to the waterfront and the exclusive Peppers Anchorage Resort is a North facing 2 bedroom unit. Features include timber flooring, ceiling fans, a refurbished kitchen, compact bathroom, share laundry plus off street parking. Just walk through the reserve across road to the sandy Corlette beachfront.
1/270 Sandy Point, Salamander Bay,
Retail For Lease – $0
Approximately 370 Square Metres of prime space amongst bowling alley, Harvey Norman, Video Ezy and other retailers. Premises are air conditioned and have own amenities. Plenty of parking and exposure to Salamander Shopping Centre as well as Sandy Point Road & Bagnall Beach Road. Rent is inclusive of outgoings.
121 Shoal Bay, Nelson Bay,
House For Lease – $495
This four bedroom, two bathroom property is in a great location central to many amenities. This property is set over two levels boasting two living areas and a single garage as well as off street parking. With a short walk to the marina and beach this property is one not to be missed.
Property investment owners sometimes get dissatisfied with their investment, especially as an old year gives way to a new one and forward planning is on the agenda over the holiday break. At times like this they are tempted to be impatient, thinking the market is going up too slowly, or the rent isn’t as high as it should be or the current tenants are not as good as the last ones. They decide that selling their investment property is the answer. Is it?
It’s understandable that once the excitement of owning an investment property has settled, some investors get sick of making sacrifices to pay the extra mortgage and start to think there must be a better way to spend their money. After all, many things in life that are started with enthusiasm turn out to be a harder slog when the novelty wears off. But investors who get itchy feet and decide to move on have lost the sense of deferred gratification that led them to invest in property in the first place. They want the instant gratification they think selling will deliver.
In fact, selling too soon often delivers the opposite of what investors are hoping for. Firstly, every real estate sale incurs costs which eat into the profits, so selling too soon often reduces the overall financial gain, especially if they sell before they have held the property long enough to see the market deliver its cyclical capital appreciation.
The most effective way investors can enjoy their increasing wealth is to practise good old-fashioned patience. If they really want to make things happen, they are better off borrowing more money and buying a second property than selling the one they own (provided they bought sensibly in the first place of course!). Astute investors keep buying more properties as their borrowing power increases with the rise in equity that accrues with capital appreciation and rising rents.
Holding investment properties long-term means greater wealth when it is needed (usually on retirement when income from work ceases).
It is true that some short-term self-sacrifice is involved in this strategy. Investors buying their first property are usually stretching themselves just to get a foot on the investment ladder and there is little money left over for luxuries. It is not until their portfolio grows in size that they will be less stretched and more able to increase their lifestyle spending without selling a property to do it.
The best strategy for most investors is to embark on a program of planned property investment at their earliest financial convenience – usually when the equity in their family home reaches a fairly high level and after consulting their accountant.
Then they simply keep adding to their portfolio until they increase their assets to the level that suits their aims and aspirations.
5a ‘renzo’ Myan Close, Corlette,
Duplex / Semi Detached For Lease – $600
Three bedroom fully furnished modern unit at the top of Corlette overlooking the bay. The property includes an inground pool with shared use, modern furnishings, dishwasher, air conditioner and main bedroom opening onto garden. This stunning unit is one not to be missed.
2/144 Sandy Point, Corlette,
Duplex / Semi Detached For Lease
Four bedroom ground floor duplex within footsteps to the waters edge in peaceful Corlette. The property has spacious bedrooms, ensuite of the main bedroom, spacious kitchen, tiled living areas opening onto the grass leading to the waterâ??s edge. The property also has a double lock up garage with internal access.
5/270 Sandy Point, Salamander Bay,
Retail For Lease
Approximately 233 Square Metres of prime retail space amongst bowling alley, Harvey Norman, Video Ezy and other retailers. Premises are air conditioned and have shared amenities. Plenty of parking and exposure to Salamander Shopping Centre as well as Sandy Point Road. Outgoings are approximately $3,960 per annum. Available mid-February.
9 The Jetty , Salamander Bay,
House For Sale – $465,000
This very well looked after 4 bedroom home boasts manicured gardens and is set on a 770 m2 block in a quiet location. The modern kitchen with chef style gas cooking is central to both living areas while also overlooking the enclosed sunroom. With added colour throughout, this charming family home has catered to all, including a separate workshop area for the home handyman. Don’t miss out on this excellent property.
35/71 ‘nelson Towers’ Victoria Parade, Nelson Bay,
Apartment For Lease – $400
If the location of the apartment has not grabbed your attention than the fact that this spacious fully furnished three bedroom apartment has features including ensuite, air conditioning, corner spa, large verandah with views over the Marina, lift access and a lock up garage certainly will.