Thursday 28 September 2023

Must See Marrickville!


Factory Theatre, Victoria Road, Marrickville

Voted by TimeOut as one of the world’s ten coolest neighbourhoods, the lifestyle on offer in Marrickville is unrivalled, and its live music and theatre scene is no exception. With its wealth of funky venues and playhouses, you will be spoiled for choice when looking for the best places to party.

First cab off the ranks is the Factory Theatre. This venue hosts incredible live events from an array of performance genres, from standup comedy to sketch, live music and more. On Wednesday 27th September at 8pm, UK hip hop star ArrDee, who’s had an explosive rise to the top with 2022’s most-streamed hip hop records, returns to our shores following a sold out run last year. And kicking off at the start of November, The Life of Bryon is an extraordinary play filled with laughter and pathos. A heartwarming exploration of family and the challenges of love, responsibility, and growing up. The play sees the world through the eyes of one man as he struggles with his past and the critical decision he must make. And after the Factory, pop across to Poor Tom’s Gin Hall for a great cocktail.



Poor Toms Gin Hall, Chalder Avenue, Marrickville

The Flightpath Theatre is the ideal spot to catch emerging acts and rising stars in an intimate venue, or to witness more experimental work than the larger theatres generally offer. Following a performance here head around the corner to much-loved neighbourhood pub, The Henson. This dog-friendly, Art Deco watering hole has an honest working-class bar and great dining with a focus on quality, seasonality and sustainability. With its leafy, child-friendly beer garden, The Henson is a playground for all to enjoy.


Noel Hodda. In This Light at Flightpath Theatre. Photography © Robert Catto


Lazybones Lounge is known for serving up quality live music in the heart of Marrickville seven nights a week. Across its two floors you’ll find up to 15 bands playing each week spanning a variety of genres including R&B, jazz, afrobeat, soul and more amid its decadent Bohemian d├ęcor. Camelot Lounge is Sydney’s favourite boutique music venue and home to fantastic singer songwriters, World Music, Jazz, Folk, Blues, Cabaret and Comedy. A friendly venue for young and old alike, coming acts include Johnny G and the E Types, a tribute to Fleetwood Mac, Bowie Unzipped, Johnny G and the E Types, Evil Gal Blues and much more.


Lazybones, Marrickville Road, Marrickville


Another pup-friendly locale is Vic on the Park, Merivale’s Marrickville gem that hosts live music showcasing a spectrum of local talent, along with street murals, creative pub fare and a dance floor that allows you to get down. Pop along to The Grifter Brewing Co for its bright and refreshing range of beers, then just a quick walk away, we can’t go past the iconic Enmore, with outstanding upcoming acts including Belinda Carlisle, The Doors Alive and Deacon Blue.


The Enmore, Enmore Road, Newtown

Marrickville’s largest live music venue, The Great Club, with its 300 seats, is an appropriate pitstop for large touring acts featuring styles ranging from pop and jazz, to acoustic and experimental. While the stage and sizeable bar are undeniably the venue’s main attractions, the small museum of Greek artifacts from the 1950s building’s Greek Macedonian Club incarnation are worth admiring. Upcoming acts include Ash Grunwald and a fab lineup from the USA including Satsung, Jenny Don’t & The Spurs and The Pink Stones.

The Great Club, Livingstone Road, Marrickville


Other great venues include Gasoline Pony which has live music Wednesday to Sunday with Community Choir & Sea Shanty Club on a Tuesday. Then there’s the Marrickville Bowling Club with upcoming gigs featuring Sundogs, a classic rock and roll band compared to Tom Petty and the Heartbreakers and Pulley, a Punk Rock band from California. And to keep up the good spirits, head across to The Bob Hawke Beer & Leisure Centre, replete with 80s nostalgia, Australian-Chinese food and plenty of beer.

To live close to all the amazing live action in this greatest of Sydney suburbs, contact the Cramer team today and learn about the divine apartments at Wicks Place on the Park.


Emma Chappell
Head of Sales & Marketing
Tel 02 8302 1500
emma@cramerproperty.com




Wednesday 13 September 2023

To Invest or Not to Invest, That is the Question - Part 2



Part 2 - Property Investment in High Interest Rate Environments

In Part 2 of investing in property in a high interest rate environment and assessing your personal suitability to do so, we will continue to unpack the information amassed by financial and economic gurus, Arjun Paliwal of InvestorKit and Redom Sayed of Confidence Finance in their comprehensively researched whitepaper, ‘5 x Rules for Investing in High Interest Rate Environments.’

When considering property investment, Paliwal and Sayed say it is essential to know the numbers and how to break them down. It is critical for the would-be investor to stress test an investment prior to committing to it, and getting the help of a financial planner and accountant to crunch the numbers is critical to an investment’s suitability for your personal financial situation.



It is imperative to establish how to manage risk, for example the buffers you need for a particular property, minimum rental yields, purchase price limits and your percentage of net savings per month both now and estimating into the future. The current environment is a fantastic litmus test as if you are satisfying tests of stress with the current high rates, but again, your financial planner and accountant will be best placed to assess risk.

For those who already have a property portfolio, when considering a new property, the same in-depth number crunching applies before one takes on more risk in their property portfolio. Very few people buy property outright in cash. As mentioned in Part 1, the vast majority of property investors invest with mortgage debt - the most common Loan to Value being 80%. So, any additions to an investment portfolio need to take into account other assets and debt. In general terms, Paliwal and Sayed also stress that Australia has not had two negative calendar years of property price growth in over 40 years. The last time this occurred was in the 1970s. This shows how resilient the market is and how quickly adjustment periods can pass. The Sydney market is already showing property price increases over recent months.



While the Sydney market fell quickly when rates began to rise last year due to panic and sensitivity after being so used to historically low rates, investors are now more accustomed to rises and for the vast majority, individuals’ positions are far stronger than anticipated in the current high rate environment. With mortgage delinquency incredibly low, property supply dwindling and recent price declines invariably very short, there is a promising return in confidence across the real estate market.

If you are considering an investment property, Cramer offer a range of architecturally superb properties with outstanding amenities in fantastic locations. Contact the Cramer team to learn more.

Disclaimer: This information and any content provided is general in nature and should not be taken as investment advice. Cramer Property are not liable for actions taken based on this content. Always seek advice from relevant professionals such as legal, financial and accounting experts.



Tuesday 12 September 2023

Why more and more Mums and Dads are Buying Homes for Adult Children



With the Sydney property market pricing so many young adults out of the market, and with rental costs increasing astronomically, more parents than ever before are taking the proverbial bull by the horns and purchasing a property for their offspring. Recent sales indicate a definite trend showing parents are buying property for their children, either in their own name, the child’s or the family trust.

With soaring rental costs at times outweighing mortgage repayments, parents are seeing the sense in investing in a home for their child. Oftentimes, parents purchase the property and the adult child pays the mortgage or a least the majority of it. But there are some cases where parents are buying a property outright for their child to give them housing security.



There are a few recent cases where a parent has purchased an entire block for their children. For example a local family paid over $5 million for a block of four two-bedroom apartments in Randwick. With a crowd of over a hundred, local families were the most interested bidders, respectively attempting to secure the block for their adult children.

In another case, a father was the successful bidder at the auction of a Chiswick home, paying a massive $4 million so his daughter could live in the same street. And a concerned father bought a Paddington terrace for his children in their 20s. He paid a sizeable $3.8 million to stop them having to pay ever increasing rents.


Sydney University, Camperdown

University of Sydney AHURI research centre director and senior lecturer in urbanism, Dr Laurence Troy, said the university’s recent paper concluded that most young people were unable to purchase their first home without family support. “We now have a system of homeownership based on inherited wealth,” Troy said. “If you’re living independently in a private rental trying to save for a deposit, forget about it. It’s depressing, but people need to wake up to this.”

Some parents are also buying property for their younger children, particularly where the property is close to transport, universities and other tertiary institutions. Recently, a mother from Canberra purchased three apartments in Cramer listings in Wicks Place, Marrickville for her very young children who will one day move to Sydney for university. Popular urban locations where there is also a great youth culture and plenty of infrastructure are most attractive to such parents.

Cramer Property have a selection of outstanding apartments in Marrickville, Zetland and Rosebery. These brand new, architecturally superb properties are located close to tertiary education, transport and amenities. So, if you are in a position to help your child get on the property ladder reach out to the Cramer team today.