JOHN MCGRATH – ALWAYS BUY QUALITY TO ACHIEVE THE BEST CAPITAL GROWTH

An excellent street, ideally leafy and quiet

A north aspect to the backyard

Greater land size (houses) or internal sqm (apartments) than the area’s average

Good natural light throughout

A particularly appealing floor plan and ample parking

A pleasant outlook (always sit down to assess a property’s views)

Good privacy and peace and quiet

• Close proximity to shops, cafes, and transport

Don’t be seduced into thinking a property is superior because it has air conditioning and a dishwasher – these are not the features we’re talking about.

No matter what type of property you’re purchasing – a house or an apartment, a home or an investment, buying quality is the crucial factor for achieving the best capital growth over time. Quality means a good location, a good aspect, and if it’s an older place, then ‘good bones’. A good rule of thumb to ensure you are buying quality is to buy 10% to 20% above the median price for the suburb.

That means, by definition, you are buying a property that is above average for the area.

Quality also means not just buying in a good suburb, but in a good position within that suburb. Buying in the best street of a suburb you can afford is better than buying in the worst street of a superior suburb.

Quality also means a property with some unique or highly desirable fundamental features that set it apart from other properties of the same type in the area.

Some examples of highly desirable features include:

• Good sized backyards (houses) or balconies big enough for alfresco dining (apartments)

• A small, well-maintained apartment building

• Period features such as high ceilings, leadlight windows, and picture rails

Look for great fundamental features – the things that can’t be added or changed by you later, like a great aspect – as these are the ones that will deliver superior capital growth over the long term. You also don’t want anything that devalues the property, like an easement running through the yard. Buying quality is important for a number of reasons: The first reason is that quality properties will always appreciate more in value than inferior homes. The second is relevant right now – that quality homes will hold up better in a downturn.

When markets go through a correction, there is always a flight to quality. The most sought-after suburbs will hold up the best, as will the better positions throughout those areas.

This is important because you just don’t know when you might want or need to sell. It is usually personal circumstances that prompt us to sell, often on an unforeseeable timeline. This is true for both owner-occupiers and investors. If you need or want to sell in a downturn, and you own a quality property, you can always feel confident it will still sell well. Those highly desirable fundamental factors will ensure your property stands out in the crowd in any market conditions.

COMME r C ial

Pr OPE rty F O r lE as E

Did you know we also lease commercial units? We currently have a 66 sqm unit available in Simpson Street, Beerwah. Including an open plan office/shop, kitchenette and fantastic shop front with great signage opportunities, this unit is a must-see. Please contact Heather Smith for further information or to book your inspection – 0447 883 211.

If you would like to speak to our team regarding buying, selling or renting, we would be delighted to assist you further. For leasing and new client enquiries please contact Rebecca Hill - 0488 771 626. For all sales enquiries please contact Cassi Nuske – 0415 304 127. We look forward to being of service for all of your real estate requirements.

Nestled on a gently sloping 2065 sqm parcel in the highly sought-after Glass House Mountains, this stunning property offers a rare opportunity to own a spacious three-bedroom home and detached studio with the potential for dual living. The tropical gardens and plethora of outdoor living represent a true Hinterland oasis. Don’t miss this incredible opportunity!