Spring is usually Sydney’s peak buying and selling period. So if you’re thinking about buying a new home or investment property, now is the time to buy a new property before Christmas. In this special article series, I will be giving you expert tips to help you prepare for finding the right property.
In this special series, we’ve looked at defining your property needs and hiring your property dream team. Now it’s time to do the right research, so you can find a new home or investment property that ticks all the boxes.
Let’s start with the location:
Begin by looking at the demographic makeup of the suburb you’re buying in. Where are the schools, shops, and transport links – and how good are they?
See if there are any upcoming infrastructure changes or major developments that will impact the suburb. Like a proposed road widening or rail development. Many parts of metropolitan Sydney are affected by these sorts of changes.
You should also check out the crime rates for the area – especially if you have children. There are plenty of helpful government websites that can help with this, including the NSW Bureau of Crime Statistics and Research (BOCSAR) website.
If you’re happy with the suburb, the next step is to drill down to street level. Find out how well the street rates in the area. What are the neighbouring properties like – and are any of them tenanted?
As well, check if the prospective property is near any adverse features such as power or sewer lines, electrical substations, storm water channels or boarding houses for example. And if you’re after a quiet property, you may want to avoid one near clubs, pubs or hotels.
It’s also a good idea to ask the local council if there are any active Development Application consents relating to any neighbouring properties.
Finally, be sure to visit the property at different time of the day or night, to make sure you’re comfortable with the area.
By following these steps, you have a better chance of finding the right property at the right price.
Ask a buyer’s agent
Of course, not everyone has the time (or desire!) to do in-depth property research. That’s where a buyer’s agent can help.
If you engage an agent, you actually don’t need to do any research at all – they’ll take care of every step of your search. And with a finger on the market pulse, they’ll help you save time and money – and find your perfect property sooner, at the best price.
To see how a buyer’s agent can make your Sydney property dreams a reality
call Nick Viner today on 0405 134 645.