affordability was at its best point in more than a decade during the March quarter due to record low interest rates. The HIA-CBA Housing Affordability Index improved 2.1 per cent in the March quarter. Over the 12 month period, the index improved 10.8%. The index measures: Weekly household incomes The costs of home ownership house prices and monthly mortgage repayments The index assumes buyers are providing a 10 per cent deposit and financing the remaining 90 per cent of the purchase price with a 25 year variable rate mortgage. Increases in home prices over the past year have been significant, said HIA economist Shane Garrett. However, the impact of lower interest rates and continued earnings growth has ensured that home purchase affordability has improved over the past year for existing homeowners and those on the cusp of entering the market in the short term, said Mr Garrett. If youre looking to purchase a home or investment property today, contact your local LJ Hooker office or visit ljhooker.com.au Housing at its most affordable
The most important element in lighting is contrast. Its the interplay between light and dark spaces that creates drama and the illusion of space. Use Natural Light to your Advantage If a room is completely sun-drenched, try using filtering window coverings to soften its intensity. If there is limited natural light available, consider the use of mirrors and reflective finishes. Dont Be Afraid of the Dark As light creates shadow, this can be used to distort the boundaries and dimensions of a room which actually enhances its sense of space. For instance, highlighting a painting, artwork or sculpture on a dark wall gives the illusion of objects being suspended in space. Shine the Spotlight on your Features In the dining room or kitchen, cabinet lighting and illuminated shelving are impressive and eye-catching features and create great conversation topics for friends and family. Surfaces can also serve as features because of the way light responds to different materials, such as timber, brick, and metallic or reflective surfaces. Understand Space and Create Light Zones Angled down lights and wall sconces can be used to expand a rooms size or break up open spaces and walls into discrete areas. Up-lights can be used to make a room feel taller or can be used to highlight certain architectural features. Conversely in rooms with vast ceilings, table lamps, floor lamps or feature candles can bring the focus below eye level to make a room feel more inviting and intimate. Take Task Lighting to Task Shadowing is a common problem in bathrooms and dressing spaces and these rooms should employ a variety of different types of task lighting techniques. A good rule of thumb for lighting for dressing or makeup application is to have a light source coming from in front of you, whether its above or from each side, preferably diffused and casting an even amount of light on both sides of your face. Master Movement and Lighting With home automation, light can be set to different intensities in different areas and at different times of the day. This allows you to change your functional, bright preparation space into an elegant entertainment space with friends or a relaxed and romantic evening in, without having to pull out the candles to impress. To read Darrens article in full, head to myljhooker.com.au Disclaimer. This newsletter does not necessarily reflect the opinion of the publisher. It is intended to provide general news and information only. While every care has been taken to ensure the accuracy of the information it contains, neither the publishers, authors nor their employees, can be held liable for inaccuracies, errors or omission. Copyright is reserved throughout. No part of this publication can be reproduced or reprinted without the express permission of the publisher. All information is current as at publication release and the publishers take no responsibility for any factors that may change thereafter. Readers are advised to contact their financial adviser, broker or accountant before making any investment decisions and should not rely on this newsletter as a substitute for professional advice. LJ Hooker Limited 0614 LC2392-01 Over 8 years of local real estate success and still continuing to set new records. Shane Broekman is a family man who grew up in The Forest and has chosen to raise his family here too. "The Forest has so much to offer our children, from a great selection of schools to many different sports and activities for parents and kids to enjoy" say Shane. Shane knows of many amazing walking and biking tracks around the area and even mentioned waterfalls, aboriginal art caves and great spots for uninterrupted fishing. Shanes greatest advantage over other agents who work in the area is that he grew up here and still lives here, which means a greater knowledge of the area and how it can suit each individual buyers needs. Selling for more is not just about a signboard and hoping for someone to fall in love with your home, it is about the lifestyle the house and the area can provide that adds true value says Mr Broekman. Highlights of great lights In this excerpt from his latest column for myljhooker.com.au, interior designer and judge of The Block, Darren Palmer, talks about the benefits of good lighting. Ph: 0404 044 280