A U G U S T
M A R K E T
2 0 1 9
P U L S E
C21
PUBLISHER Century 21 Australia Pty Ltd
CONTRIBUTORS Kathryn Madden Tim Lawless Chris Gray Bradley Beer On The Move Terri Scheer Landlord Insurance
EDITORIAL ENQUIRIES Century 21 Australia (02) 8295 0600
ADVERTISING ENQUIRIES Century 21 Australia
WELCOME TO THE
AUGUST 2019 ISSUE OF
C21 MARKET PULSE
(02) 8295 0600
DISCLAIMER We have in preparing this information used our best endeavours to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective buyers and sellers should make their own enquiries to verify the information contained herein. All information contained in the CENTURY 21 Australia Pty Ltd website is provided as a convenience to clients. All links to property prices displayed on the website are current at the time of issue, but may change at any time and are subject to availability. For more information on our Privacy Policy please refer to: www.century21.com.au/privacy
C O N T E N T S A U G U S T
AVOID FIRST HOME WOES
02-03
2 0 1 9
SMART TAX TIPS
Five common first-homebuyer mistakes –
Take action now for the financial year ahead.
and how to avoid them.
BMT Tax Depreciation, Bradley Beer
08-09
Home Beautiful Magazine Editor, Kathryn Madden
IMPROVING YOUR INVESTMENT MASS MEDIA ATTENTION
04
10-11
Create a winning strategy for your investment property.
Century 21 hits a home run with House Rules.
Terri Scheer Landlord Insurance
PROPERTY MARKET UPDATE
05 MOVE SMARTER
National dwelling values stabilise in July.
12-13
Energy saving mythbusting.
Corelogic Head of Research, Tim Lawless
On The Move
PLAN FOR PROPERTY
06-07 OPEN HOMES
If there’s a will, there’s a way.
A selection of properties for sale with Century 21
Your Empire CEO, Chris Gray
from right around Australia. As seen in the current edition of Home Beautiful Magazine.
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15-23
AV O I D F I R S T H O M E W O E S
Five common first-homebuyer mistakes – and how to avoid them BY K AT H R Y N M A D D E N ,
EDITOR, HOME BEAUTIFUL MAGAZINE
It’s probably the most thrilling purchase you’ll ever make – your very own pile of bricks and a one-way ticket to the great Australian dream. Buying your first home should be a joyful experience, yet all too often, errors and emotions impair the process (and result). Thankfully these missteps are easy to bypass, so before you book up your next three Saturdays with open-forinspections, read this...
1. POOR PREPARATION
namely government grants. These
The first step in house-hunting is
most states offer a monetary bonus
not window-shopping online for
for first-time buyers purchasing a
your perfect property (tempting as it
new (previously unoccupied) build.
may be!), but attaining pre-approval
Anyone for a spare $20,000?
vary across Australia and, presently,
for a loan. Potential lenders will look into your income, living expenses and personal debt – plus your proposed deposit – to determine how much you can borrow. While the loan isn’t actually set in stone until the lender receives a signed contract, it does provide a ballpark figure for your budget.
2. BLOWING THE BUDGET Picture this: you’re at an actionpacked auction for the home of your dreams, and figure that exceeding your limit by $5000, and then another $5000, won’t hurt in the long run. It might. Overextending
Poor prep or rushed research
yourself can cause myriad issues
can also mean newbies miss out
down the track, and leaves no buffer
on significant financial assistant,
for interest rate rises or unforeseen
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Buy what you can afford, and rent where you want to live. Further down your time in real-estate ownership, you’ll have the opportunity to buy where you want to live. – C H A R L E S TA R B E Y
financial hardship. Key here is
4. UNDERSTANDING THE TRUE COST OF HOMEOWNERSHIP
forgo due diligence and rush the
Century 21 Australasia, has some
With their eyes fixed firmly on the
an open-for-inspection, try not to
sound advice: “Buy what you can
prize (that being their first piece of
imagine where you’d hang your art
afford, and rent where you want to
property), real-estate rookies often
or spend Christmas mornings with
live. Further down your time in
fail to consider the full gamut of
your (unborn) children. Of course
real-estate ownership, you’ll have
expenses coming their way. Beyond
buying a home is always going to be
the opportunity to buy where you
the actual home deposit, there’s
emotionally charged, but don’t let it
want to live.”
stamp duty, loan application fees
cloud your common sense.
remembering that your first piece of real estate needn’t be your “forever” home. Charles Tarbey, Chairman of
process, overlooking major flaws or, as mentioned above, blowing your budget). Next time you attend
and and mortgage insurance to pay.
3. ESCHEWING EXPERT ADVICE These days there are a plethora of professionals whose sole job is to make your house-hunt easier. Of course they come at a cost, which is why many first-time homebuyers choose to pass on their services altogether – but they may actually
Then there’s a whole new set of bills unbeknownst to renters, including rates, strata fees (for apartments) and ongoing maintenance. To avoid any nasty surprises, create a comprehensive budget before you buy. But you’ll also need to be prepared for the unexpected – a costly leak, for example – so set aside some funds for the future.
save you in the long term. A buyer’s agent, for example, will scope out potential properties on your
5. GETTING TOO EMOTIONAL
ABOUT THE CONTRIBUTOR Home Beautiful is Australia’s fastest growing homemaker brand. With beautiful original photography, gorgeous styled
behalf, offer you access to off-
To go with your heart or your head?
stories and signature inspirational how-tos,
market properties, and might even
Like most decisions in life, it’s best to
Home Beautiful is simply one of the most
negotiate a better deal for you.
approach real estate with a healthy
It’s also imperative to organise a
balance of both. Experts agree on
pre-purchase building inspection,
one thing: don’t get emotionally
plus enlist a solicitor to look over
attached to a property before
contracts.
it’s yours (otherwise you might
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loved, most recognised and commercially successful brands in Australia. Article Link: https://www.homebeautiful.com.au/fivecommon-first-homebuyer-mistakes-andhow-to-avoid-them?category=open_homes
M AS S ME D I A AT T E N T I O N
CENTURY 21 HITS A HOME RUN WITH HOUSE RULES Century 21’s partnership with House Rules and the wider Seven West Media network has helped to enhance the brand as well as present unique opportunities to selected agents around the country.
to all time heights and resulted in an
prospective clients in relation to
influx of new franchise enquiries.
increasing the value of their homes”
As the largest component of the Don’t Settle for Average campaign,
He continued to describe the
House Rules delivered an emotion
overall benefit of the House
filled grand finale in a series that
Rules sponsorship as “an exciting
saw selected Century 21 agents
opportunity I feel honoured to have
provide contestants their pre and
contributed to and I can’t wait to see
post renovation evaluations.
the future partnerships Century 21
Grant Smith from Century 21 in The global real estate network underwent an extreme make-over mid-2018 which consisted of an overhaul of overall brand, look, vision, identity,
rebrand has already drawn an abundance of positive reviews and spiked attention and growth within
Elissa Privitelli from Century
appear on the show twice with
21 Croziers Realty in Reservoir,
excellent reviews from the show’s
VIC shared a similar experience,
fans and crew. He explained the exposure he received was not only beneficial from
“The rebrand has already drawn an abundance of positive reviews and spiked attention and growth within the network.”
the network. To further increase brand exposure, C21 partnered with the country’s largest media organisation on a cross platform multimedia campaign spearheaded by the recently concluded TV hit House Rules which helped raise brand awareness
Australia will offer”.
Buderim, QLD was fortunate to
and mission statement. The
explained Mr Smith.
a branding perspective but also as an important discussion piece around the topic of renovating prior to selling your home.
House Rules marketing collateral and social media support. The exposure we drew from the show was not only immediate but extremely positive in light of conversation with our existing and
04
contributed to brand awareness where we noticed a peak in enquiry and trust directly following our presence on the show”. Century 21 continuously looks for ways to integrate their campaigns on a localised level to benefit offices whether in metro or regional markets. This is evident with exclusive partnerships across The Morning Show and Home Beautiful magazine which has provided Century 21 with the strongest media
“We utilised much of the
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explaining how “the show
CENTURY 21
presence the brand has ever seen. New franchisees joining the C21 brand will enjoy all the benefits the rebrand and heightened brand exposure will deliver, helping to win new listings and attract quality staff.
P R O P E R T Y M A R K E T U P DAT E
NATIONAL DWELLING VALUES STABILISE BY T I M L AW L E S S , CO R E LO G I C H E A D O F R E S E A R C H
The improved housing market conditions have lifted the annual rate of change to -6.4% nationally, with the annual rate of decline across the combined capitals index easing from a recent low of -8.4% to -7.3%, while the combined regional markets are recording an annual rate of decline of -3.0%.
According to Mr Lawless, a number of factors are supporting the turnaround in housing conditions, however lower mortgage rates, improved access to credit, a boost in housing market confidence post the federal election and recent tax cuts are likely the primary drivers. Other factors include improvements in housing affordability and a reduction in advertised supply levels. “All of which is creating a stronger selling position for vendors,” says Mr Lawless. The primary drivers for the
CoreLogic head of research Tim
turnaround in housing market
Lawless said, “Our national dwelling
performance were Australia’s
value index may have found a floor
two largest cities, Sydney and
in July, with dwelling values holding
Melbourne, where values have
firm over the month following a
ticked higher over the past two
consistent trend towards smaller
months, taking values 0.3% off
month-on-month declines through
their floor in Sydney and 0.4%
the first half of the year. Since
higher in Melbourne. The 0.2%
peaking, the national index is
lift in Brisbane values was the
down 8.3%.”
first month-on-month rise since
“The stabilisation in housing values
November last year.
is becoming more broadly based,
Mr Lawless said, “Despite an
with five of the eight capital cities
unprecedented amount of new
recording a subtle rise in values
apartment stock entering the
over the month, while the regional
market, Sydney and Melbourne
areas of South Australia, Tasmania
unit values have consistently
and Northern Territory also
outperformed the detached
recorded a lift in housing values
housing sector through the
in July.”
downturn, and this trend is
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continuing into the recovery phase.” Sydney house values remain -0.2% lower over the past three months, while unit values have shown a slight rise (+0.02%). In Melbourne, house values were down -0.3% over the most recent three month period while unit values are 1.1% higher. The stronger performance across the unit sector may be attributable to ongoing affordability challenges in Sydney and Melbourne which, according to Mr Lawless, could be driving demand towards the medium to high density sector. He said, “Values for higher density dwellings are generally lower, however we may see some dampening of unit values in coming months across those precincts where supply is elevated as the large number of high-rise off-theplan apartment sales moves into the re-sale market.”
PLAN FOR PROPERTY
IF THERE’S A WILL, THERE’S A WAY B Y C H R I S G R A Y, C E O, YO U R E M P I R E
Chris Gray began his property investing journey when he was 22 years old. With only $35,000, he spent the next nine years learning about investing firsthand, and applying that knowledge to his own portfolio now worth over $15m. It’s not easy to get into the property market. Prices have dropped over the last few years but it still costs $500k to $1m to get into our major capital cities. Serviceability rates have also dropped by our lenders, but you still need to earn a good income and not spend too much to
So, what can you do if you really want to get a step on the home or investment ladder and can’t quite get there? The main key is to set a specific goal of what you want to achieve, by when and to be really certain. Write down what you want, why you want it, what will be the benefits and what will be the things that you’ll need to overcome. How will that make you feel once you’ve achieved that goal and what will that give you over the short, medium and long term? For the creative types, put it into pictures to help you visualise everything. Then you need to work out what you have going in your favour and what you are missing.
get a mortgage. It’s still a buyer’s
These are the main things you’re
market in many parts of the country
going to need:
but if you want a property that ticks all the boxes, there’s still plenty of competition.
2. Serviceability to get a loan 3. Knowledge of what to do and
how to negotiate
4. Time to search for properties An experienced mortgage broker is a good place to start and you’ll find one by asking friends, family, colleagues or real estate agents – there’s plenty around so try and find someone you can associate with and will help educate you along the way. They can assess your financial situation and work out what you can borrow. If you can’t borrow enough yourself, they may be able to give you guidance on what’s possible if you earnt abit more and/or spent abit less. Going alone is normally the best way to go as you can control everything 100% yourself and don’t need to be reliant on anyone else but if you
1. Deposit – you’ll often need
can’t then you’ll need to work with
5-20% + 5% for stamp duty
someone else – much better to own
and legals
half a property, than nothing at all.
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Parents are always an obvious place
treat it like an unemotional business
goal and you’re looking backwards;
to start and they don’t necessarily
as you’re dealing with a large amount
it wasn’t that hard, and it was well
need to give you cash, often a
of money and property is always a
worth the effort.
parental guarantee with a bank
medium to long term game.
could be all you need. If you think they won’t want to help, you might be surprised. Sure they often don’t want to hand it to their kids on a plate but if you come to them with a business proposition and show them how long it would take you by yourself versus doing it with some help and how that might look in a few year’s time with a few percent capital growth each year. Offer them a return on their money or a percentage of the profit to show some willing. If parents aren’t an option, think of friends and colleagues who may be looking to do something similar. Often one person has a deposit but not a great income and vice versa. Work out what each person is going to put into the deal and who is responsible for what. You might be buying an emotional home but still
No matter whether you’re getting help from family, friends or colleagues, you’ll want to get a solicitor to document your agreement. Set it out in bullet form first, highlighting what will happen in every possible situation including a full fall out when both parties aren’t speaking. It’s much cheaper to do it now rather than after something has
ABOUT THE CONTRIBUTOR
happened as unfortunately things
Chris Gray is CEO of Your Empire, a buyers’
don’t always go to plan.
agency that buys homes and investments for
Most people will agree that we’re
time-poor people – searching, negotiating, renovating and managing property on their
at the bottom of most property
behalf. Chris has spent over 10 years as the
markets. Prices are looking to rise
host of ‘Your Property Empire’ on Sky News
and that will make it harder to enter the market. I’ve spoken to literally thousands of homebuyers and
Business channel, where he’s interviewed various heads of property research companies and major industry figures. Chris is a qualified accountant, buyer’s agent and
investors over the last couple of
mortgage broker. For more information visit
decades and the common comment
www.yourempire.com.au,
is that they all wished they had got in sooner. It can be daunting but often once you’ve achieved that
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www.chrisgray.com.au and follow Chris on Twitter: @ChrisGrayEmpire.
SMART TAX TIPS
TAKE ACTION NOW FOR THE FINANCIAL YEAR AHEAD BY BRADLEY BEER, B M T TA X D E P R E C I AT I O N
For most people, a new financial year means time to prepare an income tax return.
HERE ARE FIVE SMART TAX TIPS FOR THIS NEW FINANCIAL YEAR:
2. MAKE SURE YOU’RE CLAIMING ALL THE DEDUCTIONS YOU’RE ENTITLED TO
1. VISIT YOUR FINANCIAL ADVISOR
As a property investor you’re
some extra tax) and then forget
If you haven’t visited your financial advisor in a while, make this
depreciation.
about it until next tax time rolls around.
financial year the time to do so.
For property investors, it has added
They’ll be able to assist in
meaning. It’s a great time to take
reviewing the performance of your
stock of how your investment is
investments and advise on whether
performing and set some things in
you should set new goals or adjust
place to ensure you’re in an even
your current investment strategy.
better position next tax time.
It’s also a great way to get a holistic
They’ll lodge their return, hopefully get a refund (or maybe have to pay
view of your finances, which can be hard to do on your own.
entitled to a range of tax deductions, one of which is
Considering depreciation often sees residential investors get an average of $5,000-10,000 in deductions in the first financial year alone, it’s important to take advantage of these deductions if you want success as an investor. Combined with all the other deductions you’re entitled to for your investment property, such as
A good accountant or financial advisor will also ensure you’re
repairs and property management fees, these deductions really do
claiming everything you’re entitled
add up and shouldn’t be overlooked.
to as an investor. Speaking of
Visit BMT’s tax depreciation
which....
calculator for an estimate of the deductions you may be entitled to.
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3. BE SMART WITH RENOVATIONS
4. KEEP ACCURATE RECORDS AND RECEIPTS
Are you planning on renovating
Your accountant would have told
your investment property in some
you time and time again to keep
There’s no doubt that the best part
form this coming year?
receipts of things you need to
of tax time is getting a tidy tax
claim. This advice still stands.
return.
it and realise that the assets you
One exception to this is if you’re
While it’s tempting to put that
choose can maximise future
ordering a tax depreciation
extra cash towards a holiday, a car
deductions.
schedule from BMT. In this case
or even put it into your savings, as
you don’t need receipts for work
an investor you should consider if
completed or new assets installed
there are better ways you can use
– this is what our site inspections
this extra cash.
If so, you should be smart about
Selecting which assets to replace during a renovation can make a difference to future deductions. This is because each asset’s rate of
are for.
5. CONSIDER HOW YOU CAN RE-INVEST YOUR TAX RETURN
For example, you could choose
depreciation is calculated based on
Accurate record keeping is
to reinvest this in shares, put
its individual effective life.
essential for investors – it’s a good
it towards a deposit on a new
idea to jot down conversations
investment property to grow your
you’ve had and agreements you’ve
portfolio, or use to it renovate or
made with your property manager
update your existing investment
or with your tenant if you self-
property, which could result in a
manage your property.
higher weekly rent and increase the
For example, deductions available in the first full year depreciation claim for carpets, floating timber floors and tiles differ. You can use BMT’s depreciation rate finder to calculate the effective life and depreciation rate for various plant and equipment assets. Furthermore, if you’re planning a renovation this year, you should contact a specialist quantity
This is particularly important for
overall value of the property.
owners of holiday rentals, who need to have accurate records of exactly how many days their property was available for rent in the past year to make legal claims.
surveyor before starting work. This is important during the removal or demolition of any existing structure or fixture onsite that would have been eligible to claim deductions for depreciation (division 40) or capital works deduction (division 43). These removed and scrapped assets could entitle the owner to additional claims. An updated tax depreciation schedule may be required after a renovation to capture all newly installed plant
ABOUT THE CONTRIBUTOR
and equipment assets or
Article provided by BMT Tax Depreciation. Bradley
capital works expenditure.
Beer (B. Con. Mgt, AAIQS, MRICS, AVAA) is the Chief Executive Officer of BMT Tax Depreciation. Please contact 1300 728 726 or visit www.bmtqs.com.au for an Australia-wide service.
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IMPROVING YOUR INVESTMENT
CREATE A WINNING STRATEGY FOR YOUR INVESTMENT PROPERTY Some landlords believe that the cost of landlord insurance outweighs the peace of mind, protection and financial security benefits. This is not true.
BY TERRI SCHEER LANDLORD INSURANCE Your tenant runs into financial difficulty and stops paying the rent. A broken water pipe causes major
If a tenant suffers bodily injury
flooding. Cooking is left unattended
on the property and the landlord
and your property burns to the
is found responsible, there may
ground.
be significant legal expenses and
As a landlord you can be left out Landlords need to think how they would cope financially – such as making mortgage repayments – if their investment property stopped generating rental income. Landlord insurance costs as little as one dollar per day to safeguard your investment property income from unruly tenants, unpaid rent
LEGAL LIABILITY
compensation payments.
of pocket with no regular rental income and significant repair bills. This is where landlord insurance
TENANT DAMAGE This can be accidental or malicious.
can help. What can go wrong? Financial reward is not without its risks. For landlords, the main risks associated with owning a rental property include:
Terri Scheer Insurance has seen instances of holes punched in walls, kicked-in doors and intentional damage to carpets and floors. However, even the most fastidious tenant can spill red wine on a carpet.
and other costly risks. It can be a winning strategy. Imagine this scenario: You’ve worked hard to build your family’s financial security and prosperity. You purchase an investment property with a view to capital growth and the benefit of steady rental income.
LOSS OF RENTAL INCOME
With landlord insurance from Terri
Loss of rent is the most common
Scheer Insurance, investment
issue landlords experience. This
property owners can seek protection
can occur if a tenant defaults on
from these risks to help secure their
their rental payments. If a property
wealth.
has been damaged, loss of rent can occur while repairs are made.
Who is Terri Scheer Insurance? Terri Scheer Insurance is Australia’s leading landlord insurance specialist
But then the unexpected occurs.
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Percentage of Terri Scheer insurance claims paid to landlords that include the following types of loss: Claims
%
Loss of rent Tenant damage
35% (includes accidental, malicious, deliberate and pet)
26%
Re-letting costs exceeds bond
13%
Water damage
8%
Theft
4%
Storm damage
3%
Other
11%
Terri Scheer Insurance (July 2018 – June 2019, Landlord Preferred Policy) and was established in 1990. Part
Terri Scheer Insurance has paid
Insurance cover as part of their all-
of the Suncorp Group, Terri Scheer
single claims as high as hundreds of
inclusive service to landlords. This
insures nearly 200,000 investment
thousands of dollars or substantially
makes us the most referred landlord
properties.
more than the annual premium.
insurer in the country.
That’s a major vote of confidence
Landlords need to think how they
from Australia’s rental property
would cope financially – such as
owners.
making mortgage repayments – if
While most other insurers include landlord insurance as an add-
their investment property stopped generating rental income.
on product, it is the Terri Scheer
Landlord insurance costs as little
ABOUT THE CONTRIBUTOR
Insurance specialty. Our sole focus
as one dollar per day to safeguard
The information contained in this article is intended
is to support landlords to protect
your investment property income
to be of a general nature only. Terri Scheer does not
their investments and safeguard
from unruly tenants, unpaid rent and
accept any legal responsibility for any loss incurred
their wealth.
other costly risks.
as a result of reliance upon it. Insurance issued by
Why insure your property with Terri
It can be a winning strategy.
Scheer Insurance? Some landlords believe that the cost of landlord insurance outweighs the peace of mind, protection and financial security benefits. This is not true.
Vero Insurance.
insurance? More than 8000 property management offices across Australia offer Terri Scheer
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Read the Product Disclosure Statement before buying this insurance and consider whether it is
How do you get landlord
CENTURY 21
right for you. Contact Terri Scheer on 1800 804 016 or visit our website at www.terrischeer.com.au for a copy. https://www.terrischeer.com.au/
ENERGY MYTHS
ENERGY SAVING MYTHBUSTING BY ON THE MOVE We all know saving energy is good for your hip pocket and the environment, but the question is, what do you actually have to do to be energy efficient? Here are five of the most persistent energy-saving myths floating around today.
Energy-rated appliances always help you save. Contrary to what you might think, buying an appliance with a high energy rating won’t automatically save you more on energy. The truth is, you can compromise your appliance’s energy-reducing features if you use it the wrong way. Plus, if you install it incorrectly, position it in a less than optimal place, or fail to maintain it, your energy-rated appliance could end up costing as much if not more to run. Follow the manufacturer’s instructions and maintain it as directed.
Electrical space heaters are better than the thermostat. While you might think using electrical space heaters in one or two spaces is better than heating the whole house or office, those electric heaters consume a significant amount of power. In a lot of cases, you’d probably be better off setting the thermostat to a moderate setting and putting on an extra layer of clothing.
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New homes are always energy efficient. The energy-efficiency rating of a home depends on its design and not its age. Newer homes, if not well designed, can be more energy-intensive than older homes. If you’re buying a new house, don’t assume it’s going to be energy efficient. Look to the design and features to work out how your home rates on energy efficiency.
Max the thermostat to heat your home faster. Setting the thermostat to the maximum temperature or a higher temperature won’t heat your spaces any faster than if you set it to your usual setting. It takes the same amount of time to heat your house whether you turn it to a higher temperature or a moderate one. So the next time you’re tempted to max your thermostat on a freezing day, don’t. Set it to your ideal temperature instead.
Hand washing dishes saves more energy than the dishwasher. Dishwashers are actually more energy-efficient than hand washing. They use less water and therefore less energy (if you wash with hot water). In addition, you’ll probably end up with cleaner plates with your dishwasher, since studies have found dishwashers clean dishes more effectively.
While the jury may still be out on some energy saving tips, On the Move offers a guaranteed time saving tip - take the stress out of
ABOUT THE CONTRIBUTOR On the Move is Australia’s leading service connections specialist providing a one-stop service for electricity,
your move with and let us manage
gas, phone, internet, pay TV and insurance.
your utility connections. In a single
Since 2004 On The Move has partnered with Real
10-minute call you can get up to
Estate agencies and other organisations to give
6 services arranged. Then you can focus your energy on more interesting things!
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their customers a convenient and seamless move-in, lights-on experience. https://www.onthemove.com.au/
Moving?
Leave it to us Since 2004 we’ve partnered with Australia’s leading suppliers to bring
Connect six services in just one call
you a convenient and seamless move-in, lights-on experience. Simple and convenient One-call convenience. In 10 minutes, we can arrange to connect all 6 services.
Our service is free You get connected by a member of our Australiabased team, absolutely free of charge.
Our Promise to you We guarantee that your electricity and gas will be connected on your agreed move-in date*.
* Terms and conditions apply. Full details at onthemove.com.au
Move home with confidence and peace of mind 1300 850 360 | onthemove.com.au
Electricity
Gas
Home Phone
NBN / Broadband
Pay TV
Insurance
1. CHECK THE WORK STATIONS
double check if there are any new
A house needs the essentials: a
to pay more for a beach view, only
bathroom, kitchen and laundry.
to find that beach view will soon be
However, if you’re visiting multiple
obscured by an apartment building
properties it can be easy to
or shopping centre.
areas of development happening in the suburb, because you don’t want
skip over a careful analysis of
n the 4. DO YOUR RESEARCH i n e e As s on of If you plan to buy an apartment i t i be particularly illusive.eMake sure d ent rrexact cu to check the locationa ofu the tiful be sure to get a strata inspection e B e m enough room report and familiarise yourself laundry, that Hothere’s e! n i z a g with any levy fees, past, current or in the kitchen toM bea functional and those rooms. If you’re looking at
apartments, then the laundry can
the layout of the bathroom.
future issues, future plans for the building and any maintenance or
2. KEEP THE FUTURE IN MIND
repairs that need to be done. It’s important to know what money you might be expected to cough up.
Although you may just be buying your first property, are you planing to have children? Or planning to get a pet? Do you need a space where you can work from home? Do you need a garden or are you happy with a courtyard or balcony? These are all important questions to keep at the forefront of your mind when viewing a property, because a onebedroom unit with a small balcony might suit your life now, but it isn’t going to cater to a couple with a child and a dog. Try to future-proof your investment so it can grow and adapt as your life changes.
3. SPEND SOME TIME IN THE AREA You don’t want to move into your brand-new home, only to discover it’s under a flight path, the suburb has heavy traffic or is slated for development. Spend some time getting to know the suburb and familiarise yourself with the traffic situation, the noise situation, and if it has facilities such as a doctor, dentist, supermarket and chemist within easy reach. It also pays to
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