HOW TO ZERO IN ON REAL ESTATE
Let’s be honest: buying your first home in today’s market is tough. Prices are high, competition is fierce, and dream homes can slip away fast.
But here’s the truth: the ‘perfect property’ isn’t always the prettiest listing or the one with the most hype. It’s the one that:
Fits your budget without maxing you out
Supports the lifestyle you actually live
Will experience capital growth so that if your family grows, you will be able to move forward
If you focus on what matters most to YOU, you’ll spot the right property—even in a competitive market.
Now to get to the guts of the search…here are some online tools that we recommend you get across for your initial research into property:
On the House
Corelogic - Mapping the Market
realestate.com.au - Suburb Research Tool
SQM Research
Microburbs
Australian Bureau of Statistics
Google Maps
Roll up those sleeves and get searching! The right property is out there waiting for you!
All these online resources are free and absolutely should form part of your search tool box but don’t rely on them too heavily as their data is usually a little bit out of date – why’s that?
Because the open market dictates what houses sell for and so when a property sells for $1,000,000 the house next to it, given that it’s a comparable property will also be valued at that level. But it usually takes 30-60 days for a property to settle and the public record doesn’t get updated when the sale price is achieved. There’s a lag time.
If you are using these sites to estimate your potential purchase price and the market is moving (upwards) quickly, mentally add a little on when you’re ready to get out there and make offers. Don’t offer more than what you think – but also be ready that you might need to negotiate up to get in!
Don’t forget - you can always buy a bigger home later - or renovate when the time comes - but right now you just need to take action!
Have a look in the First Home Buyers Hub for the CMA Explainer which goes into the nitty gritty of estimating property values…or get in touch and we’ll send you the PDF.
#firsthomebuyers #realestatetips #buildinginspections #duediligence
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0424741616
info@dwellbuild.com.au
