All Press Releases for November 26, 2008

Budget Property Styling Devaluing House Prices In Inner Sydney

As House Prices Fall in Inner Sydney, The Effects Of Budget Styling Must Be Considered



    SYDNEY, AUSTRALIA, November 26, 2008 /24-7PressRelease/ -- First Impact proprietor Trevor Rogers was recently quoted as saying "Budget property styling can not only devalue a property, but devalue similar homes in the market place." As the global financial crisis continues to apply pressure to house prices throughout Australia, leading property stylists in Sydney have drawn attention to the fact that a budget style can exemplify the current market downturn. House prices are particularly precarious in Sydney where prices have increased by exponential amounts in recent years and owners have taken advantage of the increased equity.

Property styling is a recent phenomena in Australia with most companies being in the market place for no more than 10 years. First Impact (www.firstimpact.com.au) have been styling homes in Sydney since 1997, "a well styled property can add at least $80,000 to the sale value of a Sydney home, recently we achieved $200,000 above reserve price in Woollahra - budget property styling will not achieve results like this and therefore devalues the property and the market in general."

Numerous furniture hire companies in Sydney are offering 'budget' or 'low cost' property styling presentations.

About First Impact

First Impact, www.firstimpact.com.au are a boutique business specialising in property styling and presentation, interior design and project management for renovations and remodelling of homes in Sydney. First Impact started business in 1997 and are considered an industry leader in property styling in Sydney, Australia.

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Contact Information

Nikki Shah
First Impact
Redfern, NSW
Australia
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