Download Jacqui Mackay’s interview with John Symond on 612 ABC Brisbane on 06/05/11. They discuss the current property market, investing and the burden of debt facing many younger people.
Tags: John Symond, Mackay
118 YORKVILLE AVE., SUITE 501
ASKING PRICE: $5.9-million
TAXES: $43,831.02 (2009)
AGENT: Janet Lindsay, Chestnut Park Real Estate Ltd.
The building
Residents arriving home at the Hazelton are greeted by a doorman who ushers them into the lobby of the luxury hotel at the corner of Hazelton Ave. and Yorkville. But that’s where the mingling ends: The owners of the private residences slip clandestinely down the hall into an inconspicuous elevator. From the elevator they step directly into their unit’s entry hall so they never have to pass the neighbours in the hallway.
Unit 501 also has a second door tucked away down a long hall. Tha
Reporting from Washington
If you’ve been looking for a way to pay for energy improvements to your house, two little-publicized new mortgage programs could provide the cash you need.
Both the Federal Housing Administration and mortgage investor Fannie Mae recently have launched options in the energy conservation arena. Here’s a quick overview, with some pros and cons:
The FHA’s PowerSaver program allows eligible owners to borrow up to $25,000 at fixed rates between 5% and 7% for as long as 20 years to finance high-efficiency windows and doors, heating and ventilating systems, solar panels, geothermal systems, insulation and duct sealing, among other retrofits.
Although PowerSaver is officially a pilot program, Shaun Donovan, secretary of Housing and Urban Development, estimates that 30,000 such loans will be closed in the next two years.
Tags: Energy, Energy Improvements