Tips On Finding the Right Property

Fortunately what’s right for some is wrong for others so we’re not all chasing the same property – but considering the high add on costs of purchasing such as Stamp Duty, property should be a long term hold - whether a it’s a home or investment.

When property hunting, always consider:

• Will I be able to live here or easily rent it out for at least five years?
• Is there anything happening in the surrounding area that will impact (favourably or unfavourably) on the value of this property? Eg. Is it likely that a high rise building could be built next door obscuring my view or is rezoning a possibility?
• Can I improve the value of this place by renovation, refurbishment or changing its use or ‘rentability’ – eg. is it a possible medical rooms or dual occupancy site (Subject to Council Approval)?
• Is this area mainly owner occupied or rented – sometimes having only renters  around you means poorly maintained gardens & less than ideal ‘street appeal’ when reselling.
• Is this area/neighbourhood improving in value? (Purchase statistics to find out such as www.homepriceguide.com.au or www.propertyvalue.com.au)

Helpful links:

• Clarendon Homes
• Oliver Hume
• MCI Construction