2 0 2 0
P U L S E
F E B R U A R Y
M A R K E T
C21
PUBLISHER Century 21 Australia Pty Ltd
CONTRIBUTORS Natasha Reneker Elite Agent Magazine Tim Lawless Chris Gray Nicola Conville Bradley Beer On The Move
EDITORIAL ENQUIRIES Century 21 Australia (02) 8295 0600
ADVERTISING ENQUIRIES
WELCOME TO THE
FEBRUARY 2020 ISSUE OF
C21 MARKET PULSE
Century 21 Australia (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 F E B R U A R Y
PROPERTY MYTH BUSTING
02-03
2 0 2 0
WATER WISE GARDENS
Bathrooms sell houses and other property myths.
5 ways to be water wise in the garden.
Home Beautiful Magazine Editor, Natasha Reneker
Home Beautiful Magazine Digital Content Editor,
08-09
Nicola Conville
EXPANDING NETWORK
04 DEPRECIATION 101
C21 adds an office in Hoxton Park NSW.
10-11
A beginner’s guide to property depreciation.
Elite Agent Magazine
BMT Tax Depreciation, Bradley Beer
PROPERTY MARKET UPDATE
05 MOVING STRESS
Values rose across every capital city in January despite slower growth.
How to deal with the stress of moving.
Corelogic Head of Research, Tim Lawless
On The Move
WHERE TO INVEST
06-07
PROPERTY 14-15
Is Sydney and Melbourne too expensive for you?
Priority plan your home hunting.
Your Empire CEO, Chris Gray
As featured in the February edition of Home Beautiful Magazine
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PROPERTY MYTH BUSTING
Bathrooms sell houses and other property myths BY N ATA S H A R E N E K E R , EDITOR, HOME BEAUTIFUL MAGAZINE
Selling your home is a life-changing event that can induce a flood of questions and, quite often, a lot of confusion. It doesn’t help that there are endless myths around what to do and what not to do to ensure a successful sale.
MYTH #1
A SELLER SHOULD NEVER ACCEPT THE FIRST OFFER MADE. ANSWER:
FA L S E
Understandably, sellers may be
accepted, the vendor was left taking
tempted to refuse the first offer
a lower offer sometime down the
made in the hope of receiving a
track,” says Mr Tarbey. So, how can
more favourable one as interest
you know whether to accept the
in the property increases. While
first offer or not? Seek the advice
To help separate fact from fiction,
optimism is great, holding out for
of an expert. Your agent should be
we asked Charles Tarbey, Chairman
a better offer can oftentimes work
a trained negotiator and will know
of Century 21 Australia, to debunk
against the vendor’s best interests.
how to bring the highest possible
six popular property myths so you
“On so many occasions in my career,
offer from a buyer to a seller. They
can cut to the chase and get your
I have seen examples of the first
can then advise you when an offer is
property sold.
offer being the best and, when not
acceptable or not.
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MYTH #2
MYTH #4
MYTH #6
SPRING IS THE BEST TIME OF YEAR TO SELL YOUR HOME.
DEPERSONALISING YOUR HOME WILL HELP IT SELL QUICKER.
ONLINE HOME VALUATIONS ARE ACCURATE.
ANSWER:
ANSWER:
ANSWER:
FA L S E
TRUE
FA L S E
In strong market environments, as
Your home may be filled with
All appraisals, whether made in
we have experienced in Australia
loving memories that have made
person or online, should only be
during the last few years, there is
it special to you, but when selling,
used as an estimate of a property’s
no one time of year that is better
it is important to give potential
value and never taken as gospel. As
for selling your home than others.
buyers the opportunity to imagine
advanced as technology may be,
Although sales have been consistent
their own lives in the property.
when it comes to appraising a home,
throughout the seasons, it is worth
Presentation is crucial and personal
the results can be very inaccurate.
noting more people do tend to move
tastes can differ immensely so, if
An experienced agent will take the
during spring, however, that doesn’t
budget allows, it is worth engaging
home’s details and overall feel of
translate to it being the ‘best’ time
a property stylist who can present
the property into account when
to sell. Keep in mind the more
your home with enough neutrality
conducting a valuation, something
properties on the market, the more
to appeal to a wide range of buyers.
an app or website simply can’t
competition you will face as a seller.
Decluttering memorabilia and
do. If you are thinking of selling,
removing personal objects, such
request a market appraisal with an
as photographs, will make it much
experienced agent.
MYTH #3
RENOVATING THE MAIN BATHROOM PRIOR TO SELLING WILL INCREASE THE HOME’S VALUE. ANSWER:
P O S S I B LY
Just like the kitchen, the bathroom rates as one of the most important rooms of your home so, if you are selling and your bathroom is looking a little reminiscent of yesteryear, a modest renovation will do wonders to improve on presentation. A
easier for buyers to connect to the property as a blank canvas they can build upon themselves. As difficult as it may be, do your best to remove emotions from the equation and to keep your focus on the sale. MYTH #5
OVERPRICING YOUR HOME WILL LEAD TO BETTER OFFERS. ANSWER:
FA L S E
full renovation is not necessarily
Overpricing your home is, more
advised as there is no guarantee the
often than not, a risk not worth
monetary value gained with the sale
taking. As Mr Tarbey says: “The
will cover the cost of an expensive
myth that overpricing your home
upgrade. You also run the risk of
will lead to better offers is definitely
your taste differing to that of your
not true. By overpricing, you
stories and signature inspirational how-tos,
potential buyers. Ensuring your
immediately reduce the number
Home Beautiful is simply one of the most
bathroom is well presented may
of prospective buyers and thus
not dramatically increase the value
reduce the level of competition
of your home, but there is a good
that is needed to sell your home
chance it may help you to sell faster.
for the best price in the shortest amount of time.”
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ABOUT THE CONTRIBUTOR Home Beautiful is Australia’s fastest growing homemaker brand. With beautiful original photography, gorgeous styled
loved, most recognised and commercially successful brands in Australia. Article Link: https://www.homebeautiful.com.au/ bathrooms-sell-houses-and-otherproperty-myths
EXPANDING NETWORK
C21 ADDS AN OFFICE IN HOXTON PARK NSW Century 21 has ended the year on a high, opening a new office in Hoxton Park, NSW. It comes only weeks after Camden, Gregory Hills and Harrington Park in NSW, and Woombye in Qld opened their doors under the C21 brand. Century 21 Partners, located in Hoxton Park NSW, is led by accomplished Principals Jamal Ishac and Mark Shlemon. Both live and work
“Having started my real estate
business and deliver exemplary
career at Century 21, I am truly
results for our clients”.
excited to return to the brand that ignited my passion for the industry” Mr Ishac said.
understand the market and the needs of their clients with their 19 years and 11 years’ experience respectively.
superior service and tailor every aspect of a sales campaign to the
supportive and invested much in
individual client and property.
the successful setup and launch of our business.”
sales and rentals within the Liverpool region of South
a local resident and specialises in
West Sydney.
property management where he will leverage his understanding of the market to achieve the best results for his clients.
award-winning sales agent who has an accomplished list of
Century 21 CEO Warren McCarthy said he was pleased to have such experienced and credentialed individuals join the C21 family.
member of the
“Having started my real estate career at Century 21, I am truly excited to return to the brand that ignited my passion for the industry.”
experienced and multi
They will specialise in residential
Fellow Principal Mr Shlemon is also
As an existing
Mr Ishac is an
of passionate agents will offer a
“The entire C21 team has been very
in the local area, and therefore
The Century 21 Partner’s team
C21 network, Mr Shlemon has been recognised as
“Both Jamal and Mark have had award-winning careers in real estate, serving the public at the highest standard,” Mr McCarthy said.
a Century 21 High Achiever in property management. “Getting to know people and their
stories is one of the things I enjoy most about working in real
successful sales and record results.
estate,” Mr Shlemon said.
The story Century 21 adds an offi ce in Hoxton Park NSW, fi rst appeared on Elite Agent.
His strong negotiation skills and
“I am thrilled to step into the role of
knowledge of his market are the
Co-Principal to leverage this strong
foundation of his ongoing success.
global brand to grow a successful
Article Link: https://eliteagent.com/century-21-addsan-offi ce-in-hoxton-park-nsw/
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P R O P E R T Y M A R K E T U P DAT E
VALUES ROSE ACROSS EVERY CAPITAL CITY IN JANUARY DESPITE SLOWER GROWTH Australia’s housing value rebound continued into 2020 with the CoreLogic national home value index up by 0.9% over the first month of the year. This now takes the annual growth rate to 4.1%; the fastest pace of growth for a twelve month period since December 2017. Housing values rose in January across every capital city and restof-state region, apart from regional South Australia, where values held firm over the month. According to CoreLogic head of research Tim Lawless, this demonstrates a broader recovery trend which originally began in Sydney and Melbourne midway through 2019, and gradually spread to other areas of the country. Across the capital cities, Sydney and Melbourne continued as the leaders for capital gains after recording more substantial declines during the recent downturn. Values increased by 1.1% and 1.2% over the month respectively, while Hobart (+0.9%) achieved a higher growth rate relative to most other regions.
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 remaining capital cities
“Factoring in the seasonal affect,
generally saw a mild rise in values
the latest results indicate a
over the month.
reduction in the speed of growth
For Perth home owners, the latest results deliver positive news. Housing values are slowly emerging from a slump lasting five-and-ahalf years, as dwelling values edged 0.1% higher over the month. Perth dwelling values posted their first rise over a rolling quarter (+0.4%)
across most markets, especially for Sydney and Melbourne where affordability constraints are once again becoming more pressing. As advertised stock levels rise over the early part of the year, we could see some further dampening of growth rates.”
since a brief period of growth in
Four of Australia’s eight capital
May 2018. Darwin, where dwelling
cities are already showing home
values have been consistently
values at new record highs:
falling to be almost 32% below their
Brisbane, Adelaide, Hobart and
2014 peak, also recorded a subtle
Canberra. Sydney values need
rise (+0.1%) in January.
to recover a further 5.4% before
Across the regional markets, the strongest conditions were recorded in regional Tasmania, where values were up 1.3% over the month, followed by regional Western Australia (+0.9%) then regional Victoria and regional Queensland, both up 0.8% Tim Lawless said, “Seasonal effects provide some explanation for the slowdown. The CoreLogic seasonally adjusted hedonic index implies the time of year shaves about 1 basis point of growth from the December reading and 2 basis points from the January reading.
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posting a full nominal recovery and Melbourne values need to see a further 1.2% lift. Perth and Darwin will take a much longer time to see values recover. Although the Perth market seems to be moving into a recovery, housing values remain 21.3% below their 2014 peak and Darwin values are 31.8% below their peak.
Click here to read the full article
WHERE TO INVEST
IS SYDNEY AND MELBOURNE TOO EXPENSIVE FOR YOU? 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.
they tend to be less volatile than
There’s no way most people can
some of our other property markets.
save their way to a deposit as often
The biggest downside of this strategy thought is the $750k – $1.5m price point for getting into a
investing in second hand, median priced, blue-chip properties, in blue-chip inner-city suburbs around our main capital cities. From all the interviews I’ve done on Sky News Business and from my 25+ years personally investing, I’ve learnt that no matter what is happening with the economy, if there is no more supply of property and there’s plenty of demand, prices tend to rise. And in the downtimes,
can put money into a low interest savings account.
one or two bedroom unit in Sydney.
Whilst I do think the blue chip inner
How’s that going to work for a first
city strategy is the final goal for
home buyer or investor?
those that want a pretty passive and
It’s not only the deposit you have to save up for, it’s also being able to afford the difference between the rent and the mortgage (negative
I’ve always been a firm believer in
the market grows quicker than you
gearing), as often those inner city properties will only get a 3 – 4%
less volatile wealth creation result, I think you can use those same thought processes to find a similar property further out from the city at a much more affordable price point of $400k – $600k.
yield, less 1 – 1.5% of expenses. So
So, what are some of the things
even if mortgage rates are in the
you should be looking for in these
3 – 4% range, you will still have to
secondary areas?
cash flow $1,000 a month out of your own pocket.
1. Net interstate migration / population
When I started buying property at the age of 22 on a $25k salary, I couldn’t afford to buy the best place in town and that’s certainly true
2. Number of industries supporting
the local area
3. What is the average household
these days too. And so, what you
income?
need is a steppingstone to get you
4. What is the unemployment rate?
on the ladder.
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Year Property Value (+5%)
0
1
2
3
4
5
6
$1,000k
$1,050k
$1,103k
$1,158k
$1,216k
$1,276k
$1,340k
$100k
$105k
$110k
$116k
$122k
$128k
$134k
$0k
$24k
$48k
$72k
$96k
$120k
$144k
$0k
$50k
$103k
$158k
$216k
$276k
$340k
10% Deposit Savings ($2k p/month)
Property increase
5. Investment in infrastructure and
If this is a first-time purchase,
the risks of getting it wrong can
other projects.
6. Lifestyle / amenities / transportation. 7. What other property is available? Regional areas can often have the reputation of being great for generating an income, but not so
increase, as emotions kick in and you buy what you ‘like’ rather than what makes financial sense. You need to consider using a professional to help you, as they can often access research information and data that the public can’t and
ABOUT THE CONTRIBUTOR Chris Gray is CEO of Your Empire, a buyers’ agency that buys homes and investments for time-poor people – searching, negotiating,
will assist you to concentrate on
renovating and managing property on their
is possible to buy a $400k - $600k
what the numbers say.
behalf. Chris has spent over 10 years as the
property that will give you a solid
Creating wealth from property is a
Business channel, where he’s interviewed
journey and there’s nothing wrong
various heads of property research
good at rising in value. However, it
rental yield and a consistent growth, albeit slightly less than the bluechip inner-city areas. You do need to do your research though, as there are so many areas you could get into and they are not all going to perform.
host of ‘Your Property Empire’ on Sky News
with starting off small and building it up, step by step. The key is to take some positive action and then adjust
companies and major industry figures. Chris is a qualified accountant, buyer’s agent and mortgage broker. For more information visit www.yourempire.com.au,
and repeat and before you know
www.chrisgray.com.au and follow Chris on
it, you’ll be investing in the best
Twitter: @ChrisGrayEmpire.
suburbs in Australia.
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WAT E R W I S E G A R D E N S
5 ways to be water wise in the garden It’s never been more important to save our water supplies, here are some expert tips to get you started.
BY NICOLA CONVILLE,
D I G I TA L C O N T E N T E D I TO R , H O M E B E AU T I F U L M AGA Z I N E
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Being water wise has never been more important, with researchers from Melbourne’s Climate College reporting that current droughts are the worst to hit the country in 800 years and water restrictions reaching level five in some areas. “While kitchens and bathrooms offer the biggest opportunity for water conservation, a few simple changes in the garden can also make a big difference,” says TV personality and Horticulturalist, Melissa King who discusses the latest ways to
3. GET HANDS ON
colours and finishes to suit any
Hand watering is another great way
locations as they can build up heat
to care for your garden and allows
in the sun, leading to unwanted
you to tailor your watering to the
evaporation. Additionally, look for
needs of specific crops or plants.
plastic containers that are UV and
It also provides an opportunity to
frost resistant as they stand up to all
get up close and personal with
weather conditions and hold their
your plants, so you can detect any
colour beautifully.
garden. Keep darker pots in shaded
issues early and get on top of them quickly. Water restrictions state that all hoses must have a trigger nozzle, and it’s a great idea to choose one with different settings for all your watering needs to allow you to easily shut the water on and off on, effectively minimising wastage.
Gardens and lawns are often the first areas to suffer in dry conditions, but Melissa says all that it takes is some common sense, a little creativity and the right tools to conserve moisture and keep your plants happy and healthy.
save water in your garden.
4. USE A WATERING CAN 1. WATER AT THE RIGHT TIMES Restrictions dictate that watering should be done before 10am or after 4pm. Set customised schedules easily with wifi controllers that allow you to control your sprinklers through your mobile, no matter where you are. Create several watering settings according to the needs of each section of your
Watering cans are also a great water-saving option. Choose a can with lots of small holes to help give you an even distribution of fine water droplets, it lets water soak deeper into the roots. The Nylex Premium Spray Gun has seven different functions and allows you to easily shut the water on and off with its simple to use click control design, effectively minimising wastage.
garden to ensure that plants stay healthy while paving and walls stay dry.
2. MOVE WITH THE RAIN Rain sensors prevent unnecessary watering, providing savings of up to 20%. The Rain Bird Wired Rain Sensor easily connects to most irrigation system controllers and automatically shuts your sprinkler
5. CHOOSE YOUR POTS WISELY When every drop counts, the right pots can really make a difference. If you love the look of classic terracotta, look out for pots in Northcote Pottery’s CottaSEAL collection, which are treated with a water-resistant sealant that helps to prevent moisture loss. If you’re after a more modern look,
worry free whether at home or away.
turn to plastic pots. They’ve come a long way in recent years and now come in a range of fantastic designs,
09
Home Beautiful is Australia’s fastest growing homemaker brand. With beautiful original photography, gorgeous styled stories and signature inspirational how-tos, Home Beautiful is simply one of the most
system off when it rains, leaving you
C21 MARKET PULSE
ABOUT THE CONTRIBUTOR
CENTURY 21
loved, most recognised and commercially successful brands in Australia. Article Link: https://www.homebeautiful.com.au/5-waysto-be-water-wise-in-the-garden
D E P R E C I AT I O N 1 01
A BEGINNER’S GUIDE TO PROPERTY DEPRECIATION BY BRADLEY BEER, B M T TA X D E P R E C I AT I O N
Property investors are entitled to several taxation benefits however many fail to take full advantage of the depreciation deductions available to them.
The Australian Taxation Office
be claimed at a rate of 2.5 per cent
(ATO) allows owners of income
per year for up to forty years.
producing properties to claim this depreciation as a tax deduction.
WHAT CAN YOU CLAIM? Depreciation deductions are split into two distinct categories:
While most investors are aware of claims for expenses such as interest on their loans, council
• Division 43 capital works allowance
Owners of buildings constructed prior to 1987 should still find out what deductions are available, as often these buildings have undergone some form of renovation which can result in capital works deductions. Plant and equipment depreciation can be claimed for the easily
rates, property management fees
• Division 40 plant and equipment
removable fixtures and fittings
and repairs and maintenance costs,
depreciation
found within the property. There are more than 6,000 different
depreciation is a hidden factor often not considered.
The capital works allowance
To help you better understand
relates to claims for the wear and
property depreciation, here are
tear that occurs to the structure of
the answers to some of the most
the property and any fixed items.
frequently asked questions.
Capital works includes items like the roof, walls, doors, kitchen cupboards,
WHAT IS PROPERTY DEPRECIATION?
bathroom tubs and toilet bowls. Generally, any residential building where construction commenced
As a building gets older, its structure
after the 15th of September 1987
and the assets contained within it
will entitle its owner to capital works
wear out – they depreciate.
deductions. These deductions can
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depreciable assets recognised by the ATO, including items like carpet, blinds, air conditioners, hot water systems, smoke alarms and ceiling fans. Each plant and equipment asset is assigned an individual effective life and depreciation rate. Under current legislation, owners of second-hand residential properties who exchanged contracts after 7:30pm on 9th May 2017 cannot claim deductions for previously
WHAT IS INVOLVED IN COMPLETING A TAX DEPRECIATION SCHEDULE?
From there, the depreciation and
real estate or add new plant and
BMT Tax Depreciation start by
BMT can even forward your
equipment assets to a second-hand
collecting the basic information
schedule to your accountant
residential property can still claim
needed to prepare the schedule.
directly, saving you time.
substantial depreciation deductions.
This includes simple details like
used plant or equipment assets. Investors who purchase brandnew residential and substantially renovated properties, commercial
specialist tax team will review the information gathered and prepare your tax depreciation schedule.
the name you would like to appear
HOW WILL CLAIMING DEPRECIATION HELP AN INVESTOR? As the owner of a residential investment property, claiming depreciation deductions can make a big difference to your cash flow. During FY 2018/19, BMT Tax Depreciation found residential clients an average first year claim of almost $9,000. A BMT Tax Depreciation Schedule covers all deductions available over the lifetime of a property to ensure you maximise your cash flow and is 100 per cent tax deductible.
on your depreciation schedule, the property address, purchase information and your property manager and accountant details. Then, a property inspection is conducted. To make this as easy as possible, BMT can contact your property manager or tenant directly to arrange access to the property. A property inspector will count, measure and photograph all depreciable assets such as the flooring, light fittings, tapware and other items. All the depreciable assets found within your property will be recorded during the inspection and reported back to your local office.
ABOUT THE CONTRIBUTOR Article provided by BMT Tax Depreciation. Bradley 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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MOVING STRESS
HOW TO DEAL WITH THE STRESS OF MOVING Moving home, it’s never easy. There’s kids, pets, anxious partners and pricey rental vans, bond contracts, lost boxes, keys and goodbyes all adding to the headache.
BY ON THE MOVE
deeds and trade them for a little moving muster, whether it’s packing,
MOVE MID-WEEK
unpacking, lifting, cleaning, driving
The best time of week to move is a
or babysitting, the more hands on
Tuesday or Wednesday, at the crack
deck, the easier your life will be.
of dawn. Avoid the hectic weekend traffic and make use of lower rental
DO THE PAPERWORK
van prices by scheduling your trip for hump-day.
One of the biggest grievances Here at On The Move we
people have with moving house
understand, we too have endured
is dealing with household utility
those coffee-fuelled all-nighters
companies. If you are sticking with
In the lead-up to the big move,
that come with rearranging one’s
your current electricity provider,
maintaining your regular day-to-
life. But luckily for you, we
make sure to advise them of your
day routine can significantly
know a few trusty methods that
new address well ahead of time.
alleviate stress levels. So if every
can help manage that house
If you’re going to be looking for a
Sunday we can normally find you
hopping madness.
new energy company, remember to
down at the local café, head over
properly disconnect all utilities at
and grab a croissant. Consider it
your old residence.
doctor’s orders.
MAP IT OUT A whole life cannot be packed up in a week; it takes several months of preparation. Buy yourself a calendar and map out a moving timeline. Register all the key dates, such as when to call in the moving van, disconnect the electricity and book in that aromatherapy massage.
PULL IN THE FAVOURS Remember the time you dogsat for your best friend, or when you lent your sister the car for a weekend? Reign in those good
BE NORMAL
INVEST IN A LABEL MAKER Disarray is guaranteed to send the heart rate sky-high, so stock up on stickers and triple label your moving boxes. A good idea is to firstly label the contents of the box, then the room that box is destined for and finally, clearly mark (in red!) if it’s fragile. This will not only save you time when unpacking but will also make finding kids toys easier when
ABOUT THE CONTRIBUTOR On the Move is Australia’s leading service connections specialist providing a one-stop service for electricity, gas, phone, internet, pay TV and insurance. Since 2004 On The Move has partnered with Real Estate agencies and other organisations to give
the little ones refuse to go to bed on
their customers a convenient and seamless move-in,
the first night in the new place.
lights-on experience. https://www.onthemove.com.au/
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Moving?
Leave it to us Since 2004 we’ve partnered with Australia’s leading suppliers to bring
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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.
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Electricity
Gas
Home Phone
NBN / Broadband
Pay TV
Insurance
AS SEEN IN THE FEBRUARY EDITION OF
GET VISUAL We’re not suggesting that manifestation is the answer to all your property aspirations, but visualisation is a savvy starting point. Envision your perfect home in all its glory – the size, the style, the suburb… Keep it semirealistic (shelve your Tuscan villa pipedreams for now), but still think freely. This will help tap into your desires and get you thinking about how you want to live. Sure, ocean views may fall outside your budget, but perhaps you’d settle instead for easy access to a beach or bay. Scrawl down all your ideas to refer back to later.
A DV E RT I S E M E N T
P R O PorEbreak. R T ItYmight be the same for a pool. Interior features
could also fall into this category – think hardwood flooring and stone countertops, as well as central air conditioning or a fireplace. Check in with your above-mentioned visualisation notes as you go, picking out the elements that are enticing, but also attainable.
PRIORITY PLAN
ADD THE NICE-TO-HAVES Below your must-haves, start noting down the features you deem appealing, but not essential. A walk-in wardrobe? You wouldn’t turn it down, but it’s not make
CONSULT THE EXPERTS Finally, round out your list with a little expert intel. The agents at real estate organisation Century 21 will share some “value” items to consider tacking onto your list. As the name suggests, these are features that will add value to your property over time. Think a great bathroom, dual-pane windows, or close proximity to top schools. While these items shouldn’t take over your wants and wishes, they’re nevertheless worth keeping in mind as you navigate the inspection circuit (now armed with a handy priority list, so you never swerve off course again!)
GO BACK TO BASICS Important considerations are the minimum number of bedrooms, number of bathrooms and their minimum size. Other must-haves might include a garden or deck, off-street parking or an internal laundry. Location may be paramount – perhaps you want to be within walking distance of your children’s school – or maybe you have your heart set on a UWHEN certain cluster of suburbs. YOU’RE ON THE HUNT FOR YOUR DREAM HOME, SET YOUR PRIORITIES BEFORE YOU HIT THE INSPECTION Also consider liveability: is CIRCUIT TO KEEP YOUR EYES ON THE PRIZE renovating an option, or are you keen to find a home and move straightINin?ASSOCIATION WITH
I
t’s happened to the best of us: you turn up to a house inspection on the hunt for a modern twobedder with parking, but find yourself so enamoured by the home’s soaring period ceilings that all your pre-considered requirements fly out the pretty sash windows. Compiling a prioritised wishlist will help separate your needs from your wants, and keep you on track in the search for your dream home.
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A DV E RT I S E M E N T A DV E RT I S E M E N T
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CONSULTTHE THEEXPERTS EXPERTS CONSULT
Finally,round roundout outyour yourlistlistwith witha alittle littleexpert expertintel. intel.The The Finally, agentsatatreal realestate estateorganisation organisationCentury Century2121will willshare share agents some“value” “value”items itemstotoconsider considertacking tackingonto ontoyour yourlist. list. some As the name suggests, these are features that will add As the name suggests, these are features that will add valuetotoyour yourproperty propertyover overtime. time.Think Thinka agreat greatbathroom, bathroom, value dual-pane windows, or close proximity to top schools. dual-pane windows, or close proximity to top schools. Whilethese theseitems itemsshouldn’t shouldn’ttake takeover overyour yourwants wantsand and While wishes,they’re they’renevertheless neverthelessworth worthkeeping keepingininmind mindasasyou you wishes, navigate the inspection circuit (now armed with a handy navigate the inspection circuit (now armed with a handy prioritylist, list,sosoyou younever neverswerve swerveoffoffcourse courseagain!) again!) priority
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