Central Coast Home & Lifestyle Winter 2021

PROPERTY and FINANCE

46 Home & Lifestyle Magazine | Winter 2021 “This is about equity. A new harmonised rating structure is about ensuring the spread of the rates burden is as fair as possible across the whole Local Government Area. All Central Coast ratepayers will have their rates calculated in the same way which means that within each rating category and sub-category ratepayers with the same land values will pay the same amount for Council services. With the current rate path freeze this is not the case,” Ms Cowley said. “The change in the rates payable from rates harmonisation is based on land value. If you live in an area where land values have risen (such as the former Gosford Local Government Area) more than in other localities (such as the E llen Property – Powered by eXp Australia is one of the fastest growing new agencies on the Central Coast. Based at MacMasters Beach, Ellen and her husband Gabe Revello have already listed 4 properties within the first month of opening their doors. Thinking of selling? Find out what your home is worth in this unbelievably hot market and work with an agent that really cares and wants to help. Read what one of our recent clients just wrote… “Ellen Revello, you are one in a million. You stated from day one of meeting you that you would work tirelessly to achieve a sale for our home in Copacabana. You knew the amount that was achievable and you were right. You are professional, passionate and above all you have an extensive knowledge of our area and of the current market. You dressed my home with finesse that only an artist could achieve, and for that I am truly grateful. We had 4 open house Saturdays and you knew the potential buyers as they walked in the front door. Ellen has communicated on a daily basis to make sure we were comfortable with the sale process. I would recommend Ellen Revello to anyone who is considering buying or selling a property. She’s a star with a big smile and even larger heart”. Fastest-Growing International Real Estate Agencies Creating a fairer rates system W ith a new harmonised rating structure to be introduced on 1 July 2021, Central Coast ratepayerswill see an increase or a decrease in their rates depending on property values and location. The NSW Government has mandated that merged Councils’ rates be harmonised by 1 July 2021. Prior to this, the Government had imposed a ‘rate freeze’ on Councils, with the effect that the rate paths (structures) in place at the time of merger (May 2016), could not be changed until now. Council Acting Director Corporate Affairs, Natalia Cowley said that rates harmonisation does not result in any additional income for Council. eXp AUSTRALIA One Of The

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Italy and Hong Kong and is changing the game for agents and consumers alike. eXp values and supports their agents with a revenue share system, rather than paying franchise fees, each agent works from home and is given shares in the company. Exp Australia has the tools and platforms to maximise your home’s exposure. If you are looking for a hard working, negotiating real estate agent with integrity, contact Ellen Revello at eXp Australia today 0403 222 447 ellen.revello@expaustralia.com.au eXpaustralia.com.au Council’s adverse financial situation through an application for a rates variation, and we are also required by the State Government to proceed with rates harmonisation. “We know many people are doing it tough right now due to COVID – especially our business community and those who work in areas like services and hospitality. “That’s why we have reviewed our Debt Recovery and Hardship Policy to give support to those who need help to pay their rates. Details about the harmonised rating structure, including an online calculator to find out individual rate impacts can be found at yourvoiceourcoast.com.

Carolyn Lenthall – 29 Branga Avenue, Copacabana Ellen Property at eXp Australia are now looking to expand their team on the Central Coast and proud to welcome successful local agent Anthony Arena. If you are a licensed real estate agent contact us to be part of the first agent owned, cloud based real estate brokerage in the world. Learn more about how we empower our agents with world- class education, strategic partnership and stock awards. With over 50,000 agents internationally across the U.S., Australia, Canada, United Kingdom, South Africa, France, Mexico, Portugal, India, Puerto Rico, Brazil, former Wyong Local Government Area) then you will experience a bigger rise in rates through this process. For some former Wyong Local Government Area ratepayers, rates will go down. “Council does not set property values – that’s done by the NSW Government Valuer General and is beyond the control of Council,” Ms Cowley said. Council Administrator Dick PerssonAMsaidhe understood that the effect of the rates variation process and rates harmonisation would lead some ratepayers to have uncertainty about their payable rates in the short term. “Timing has not been kind to us,” Mr Persson said.“We were required to urgently address

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