Top ten factors

Top Ten Factors 1. Location - State 2. Location - City / Suburb / Town 3. Location - Street / Address 4. Dwelling - Type & Characteristics 5. Dwelling - Aesthetic Appeal 6. Dwelling - Design 7. Dwelling - Finishes & Inclusions

8. Dwelling - Ownership Costs 9. Management - Property Management 10. Management - Caretaking

1. Location - State •

Economic Outlook

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Levels of employment

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Strong population growth projections

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Relative affordability

2. Location

– City / Suburb / Town •

Economic Outlook

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Levels of employment

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Population growth

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Proximity to closest major city, ocean, river and or town centre

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Median house price of the suburb

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Median house price of the neighbouring suburbs

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Availability of lifestyle amenity (education, entertainment, retail and dining, fitness)

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Availability of employment

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Availability of public transport

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Availability of road infrastructure

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Demographics

3. Location – Street / Address •

Proximity to lifestyle amenity (transport, education, retail, etc)

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Proximity to negative amenity (main roads, train lines and stations, industrial areas, etc)

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Land Size

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Title (freehold, strata)

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School zone

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Streetscape (neighbouring houses, trees, road width, on street parking)

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Council zoning

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Negative Council overlays (flooding, waterways, transport corridors)

4. Dwelling

– Type & Characteristics •

Type (house, townhouse, apartment , land)

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Age (new, existing, warranty?)

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Features (size, bedrooms, living spaces, bathrooms, car parking)

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Ongoing land and/or building maintenance

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Orientation (sun light)

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Outlook (positive or negative)

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Tax benefits (building depreciation, fixtures depreciation)

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Scarcity (supply and demand)

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Potential to add value by renovating

5. Dwelling

– Aesthetic Appeal • Architecture • Landscaping • Colour palette • Current presentation

6. Dwelling – Design

• Liveable floor plan (connected indoor / outdoor spaces, etc) • Practical floor plan (storage, side by side garaging, etc) • Environmentally friendly (energy efficiency, water efficiency) Ex. natural light, cross ventilation • Occupant friendly (indoor air quality, Electromagnetic radiation (EMR), Radiofrequency (RF) • Technology

7. Dwelling

– Finishes & Inclusions •

Aesthetics

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Warranty

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Occupant friendly (low VOC paints, toxin free building products, etc)

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Environmentally friendly (LED lights, solar, water tanks, etc)

8. Dwelling

– Ownership Costs •

Land tax

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Body corporate fees

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Property Management fees

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Building maintenance

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Garden maintenance

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Interest costs

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Depreciation

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Rental return

9. Management

– Property Management •

Who is the property manager?

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How many properties do they manage?

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Do they have a good knowledge of the property (security, services, etc)

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Do they know your warranty of building and fixtures?

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Do they have relationships with the builder and/or trades who completed the work?

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How do they achieve the best possible rent

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Do they use professional photos

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Do they have professional reporting

10. Management – Caretaking

• Ensure the external aesthetic remains superior for the long term (gardens, compliance, lights, etc) • Who is looking after the outside or common property?

– Property Managers generally focus on the inside – The Body Corporate role is to administer the BC not manage the common property

• Is there a caretaker or gardener?

• How are they reporting to the owners?

• Does the Developer offer a caretaking service?