Buying Tips

In order to reduce the risks of buying a property, we suggest prospective purchasers consider the following:

  • Speak with your financier and understand much you can borrow comfortably, and ensure you have a buffer if interest rates do rise.
  • Work our which suburbs meet your criteria and lifestyle and focus on the properties within these suburbs.
  • Research recent sales in your preferred areas, drive past these properties to see what they look like.
  • Attend various auctions and open houses to get a feel for the market.
  • When you find a property of interest, obtain a contract to see if there are any special conditions that may affect the purchase or the property, view the Sewage Services diagram and if there are any easements, the Deposited Plan or Strata Plan to check the area.
  • Do your due diligence, check for past present and possible future problems by obtaining a pest and building inspection for houses and or strata report for strata title properties.
  • If the property is of interest, proceed to make an offer to the agent, best to make reasonable offers so the agent will work with you during negotiations to try an secure the property for you.
  • If the property is for auction, register to bid, have a limit in mind, and good luck with bidding.