Home' Illawarra Mercury : August 14th 2010 Contents IMD D003
DOMAIN, Saturday August 14, 2010 3
Budget Home Loan
First Home Buyers Loan 6.59 6.63
HomePlus Package 250k+ 6.57 6.64
Illawarra CU NSW
Basic Home Loan
6.57 6.66 dwfmqsa Yes
Heritage B Soc
NSW Teachers Credit Un Solutions Plus Home Loan 6.64 6.67
Coastline Credit Union Minimiser Home Loan 6.59 6.67
Greater Building Society Great Rate Home Loan Var 6.69 6.69 d w f m q s a Yes
Mortgage House of Aust Vantage Offset HL Var 6.49 6.72
Source: CANSTAR CANNEX 10-08-10
Notes: The AAPR is calculated on a $250,000 loan over 25 years and includes any upfront, ongoing and discharge fees where
applicable. Disclaimer: The information in this table is provided as a guide only. Neither CANSTAR CANNEX nor the Providers
warrants the accuracy of any information and neither is responsible for any loss, damage or expense incurred by you as a
result of use of the data herein. In most cases, the rates indicated are available to new customers only. It is recommended that
you confirm it with the Provider before acting on it. Source: www.canstarcannex.com.au
LOWEST HOME LOANS RANKED BY AAPR%
Rate AAPR Payment
CANSTAR CANNEX STAR RATED PREMIUM VARIABLE HOME LOANS
Rate AAPR Payment
frequencies Principal +
Source: CANSTAR CANNEX 10-08-10
Notes: CANSTAR CANNEX star ratings is an independent analysis of products by combining the rates and fees over 24 months and
an assessment on over 100 features and flexibilities. Stars from 1 to 5 are awarded to products in the top 75% only.
Tailor Choice Pkg $250k+ 6.54 6.74 w f m Both
Newcastle Permanent Premium Plus Pkg <$500k 6.59 6.77 w f m Both
NSW Teachers Credit Un Smart HLoan Rewards Pkg 6.69 6.82 w f m P+I
Holiday Coast CU
Home Sweet Home Ln$250k+ 6.75 6.85 d w f m Both
anz@work Package <$700k 6.81 6.86 w f m Both
Prof Mort Pkg <$700k
6.81 6.87 wfm Both
Select Credit Union Super Mortgage Loan
6.84 6.87 dwfm Both
Breakfree Pkg $250k+
6.71 6.90 wfm Both
St George Bank
SV Advantage Pkg $250k+ 6.73 6.94 w f m Both
6.37 6.41 wfm Both
SPOTLIGHT: KIAMA DOWNS
15 Hoskings Cres, Kiama Downs
This four bedroom home has an updated
bathroom and kitchen, generous sized garage
and a large undercover entertainment area.
Inspect Saturday 11-11.45am. Contact Robert
Moore at Ray White Kiama 4232 3300.
The suburb Kiama Downs dates back to 1958 and the
first blocks of the Gainsborough Estate - west of the
old Princes Hwy - were sold in 1977.
Kiama Downs was once earmarked for an
American-style resort project which was intended to
rival Queensland's Gold Coast.
Before subdivision, the land was owned by the
Boyd and Jones families and was valued at just
$27,000. Jones (or Boyd's) Beach formed part of the
farm and was held in private ownership right to the
water's edge. Central Coast Realty bought the
property and subdivision began in 1958, starting with
land at the top of Bombo Hill.
Then, in February 1962, estate agents unveiled a
grandiose scheme of high-density development over
67ha with shopping, motel and recreation areas.
By July 1962, the plans had expanded to include 24
apartment buildings, a supermarket, shopping
centre, surf clubhouse and tennis courts.
Despite the fact finance was secured, the plans
never came off due to a deadlock over the lack of
land for public recreation.
House median price*: $485,000 (12 per cent
Currently on the market: 46 properties
Average days on market: 180
* 12 months to May 2010. Source: APM
The completely refurbished Berkeley Hotel is changing the impressions of locals, who once swore they'd never set foot in the place.
Berkeley is a beauty
A dramatic refurbishment at a
rundown Illawar ra hotel has
attracted a host of new patrons
and industry award nominations.
Berkeley Hotel licensee and
owner Dan O'Hara and his wife
Georgia bought the pub in
December 2007 and started
renovations straight away, seeking
to revamp the reputation of the old
''It was very rundown and the
hotel did have a bit of a stigma in
the community,'' Mr O'Hara said.
''We had to ensure that the
renovation changed people's
From a graffiti-covered
drinking hole serving only meat
pies, the hotel now houses a bright
family-friendly bistro with a full
commercial kitchen, comfortable
lounge and updated sports bar.
The overall structure of the
building didn't change during
renovations, but transforming the
old drive-through bottle shop into
a large sports bar and gaming area
opened up room for the lounge
bar and bistro.
''Our focus was to create a
family-friendly environment with
good food,'' Mr O'Hara said.
''We wanted families, groups
of women and elderly people to
feel comfortable here too, so we
did a full refurbishment.
''But we wanted to ensure that
we didn't alienate people by being
The result is an understated,
comfortable environment with
plush furnishing and a warm
colour scheme in creams, dark
chocolates and rich reds, which
has attracted many new customers
to the hotel.
''We've had groups come in for
lunch who had lived in Berkeley
for 30 years but swore they would
never step foot inside the hotel,''
Mr O'Hara said.
''Now they come in once or
twice a week for a meal.''
To make sure all customers
were catered for, the sports bar
retained some traditional pub
elements like pool tables and
memorabilia on the walls.
An adjoining timber deck
opened up the outdoor area for
use in warmer months.
With experience consulting on
numerous commercial and
residential fitouts, Mrs O'Hara
was responsible for choosing the
colour scheme, and other fittings
like carpets and furniture.
Mr O'Hara said a highlight of
the Berkeley Hotel refurbishment
was the lounge bar, which features
plush carpet, bright ceilings and
pendant lighting offsetting a dark
timber bar and the surrounding
Low-level lounge seating made
the area comfortable and
attractive for groups.
''Our lounge area is really
popular with women,'' he said.
In 2009, the fresh look attracted
nominations in the AHA Awards
for Excellence for the best
redeveloped regional hotel and
Mr O'Hara said he hoped the
renovations would continue to
change people's perception about
the hotel and Berkeley area.
''We think Berkeley has a lot of
potential,'' he said.
''There's still a bit of a stigma
attached, but the fundamentals are
''It's close to the lake, just off
the freeway and five minutes to
''And it's affordable, so there
are lots of younger families
moving into the area, along with a
proud, close-knit community.''
Let my 25 years lending experience take the stress out of
finding the right home loan for you.
Tel: 0413 747 138
MORTGAGE WISDOM Loretta Davison
FINANCE AND LEASING
Have you got the right Mortgage Broker
helping you with your Home Loan?
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