Worried About Rising Interest Rates ?

The Reserve Bank Of Australia has increased interest rates for the past 8 consecutive months.<br/><br/>Are you worried that your dream of home ownership is rapidly diminishing, can’t see the light at the end of the tunnel as loan repayments go up, up, up and your maximum borrowing capacity decreases ?<br/><br/>Fear not !! Welcome to The Shire where you’ll find in the townsite of Northam some very affordable housing. After all, the Median Sale Price here is a very inexpensive $275,000.<br/><br/>And Northam is a very commutable 75km/55 min country drive to Midvale. So stop shopping for a $400-500,000 house in Perth and focus your radar on Northam. <br/><br/>Now that I have your attention, consider 1 Cody Street.<br/><br/>Firstly, its superb location, high on a hill just off heritage precinct Gordon Street and around the corner from St Joseph’s private school where you can walk the kids 75m to the intersection of Cody & Gerald, kiss and wave goodbye as the kids walk the remaining 80m to the school boundary at Lance Street.<br/><br/>Secondly, the dwelling, pretty much in its unaltered 1948 state, fibro walls, iron roof, Jarrah floor boards, entry hall, L-shaped lounge/meals with a gas room heater, kitchen with electric stove, three bedrooms, renovated bathroom with tessellation of Federation themed tiles, toilet in laundry, ducted evaporative air conditioning, insulation, solar hot water heating.<br/><br/>Your boisterous teenage kids are going to love this… a detached bunkhouse in the backyard. Use it as an external bedroom for your older studying child who wants some peace and quiet separate from his or her younger siblings or use it as a games room for; “weddings, parties, anything”.<br/><br/>The property is serviced by a laneway along the entire length of its Eastern side boundary alignment which should really excite investors as the R30 zoning of the 838sqm lot might support a Group Dwelling development (subject to compliance with the Dept Of Planning’s Residential Design Codes and Shire Of Northam’s regulations).<br/><br/>Don’t spend too much time thinking about it… ask Steve Hill or Lara Turnbull for an inspection today.