Dowling Raymond Terrace - Issue 8
Calling All Investors to Raymond Terrace FOR SALE
FOR SALE - 21 Glenelg Street, Raymond Terrace - Full story on page 3
IN THIS ISSUE OF PROPERTY NEWS
• Selling? Pitfalls and Helpful Hints • Annual growth rates good for investors • Choosing an investment property
Phone 02 4987 2226
02 6568 6599
Message from the Licensee Dear Readers, Raymond Terrace is a great option for property investors. In this issue of Property News is featuring a property for sale, 21 Glenelg Street, which would make for a great development site. For more details see our story on page 3 or give us a call. If you are considering selling, an experienced professional agent can give you some guidance in preparing your home for sale. First impressions are very important when selling property. For people considering buying an investment property, our page 4 story has some questions that are worth asking to help you make a good investment. If you are thinking of buying or selling a property, please give us a call or drop into our office. We’d love to help you.
Selling? Pitfalls and Helpful Hints Appointing a professional agent is the first step to success!
Are you concerned that if you sell today you are not going to maximise your profits? Regardless of what happens over the next 12 months few people would deny that we are experiencing a sellers’ market. This is basically brought about by a surplus of buyers over sellers. If this is so, how do you go about selling your property at a premium and really benefit from the market? The short answer is you need to make your property more saleable than your competition through better presentation, better marketing and by offering better value. This doesn’t mean you have to offer it at the lowest price because not every buyer is driven solely by the desire for a bargain. For a start, a sellers’ market is likely to attract more purchasers, thereby providing more potential buyers for your home! But this is not enough in itself to ensure a sale for you. The first secret to an effective sale is to assign an agent to the task, because you need someone who is not emotionally involved in the sale.
You cannot afford to take personally comments and rejections that some buyers will inevitably make when viewing your property. The agent is there to shield you from all the hassle involved in selling.
Gregg Bates Licensee
Once you have appointed an agent you need to evaluate the presentation of the property. A professional agent will guide you about the best way to present your home to the market. Follow their advice and you will find it most helpful. Remember, as in all business matters, first impressions are most important.
16A William Street Raymond Terrace, NSW 2324
The next step is to devise a marketing campaign. Once again an experienced agent will discuss this with you and if they really know what they are doing they will tailor a marketing strategy that is specifically designed to suit your property.
T: 02 4987 2226 F: 02 4987 1367 email@example.com www.dowlingterrace.com.au Disclaimer Notice: Neither Dowling Raymond Terrace, its principals, nor Newsletter House Pty Ltd, nor the publishers and editors of articles in this issue, accept any form of liability, be it contractual, tortious or otherwise, for the contents of this newsletter or for any consequences arising from its use or any reliance placed upon it. All the information contained in this publication has been provided to us by various parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own enquiries in order to determine whether or not this information is in fact accurate. ©Newsletter House Pty Ltd 2018 Ph: 02 4954 2100 www.propertynews.info
During the campaign your agent will probably market the property through a window display, on the Internet, through signboards, in media advertisements and possibly through other types of advertising such as leaflets and brochures.
Selling your home is a special time for the family.
Because of the agent’s experience they will ensure that the property’s special features are highlighted so that the buyer feels they are getting good value for money!
Annual growth rates make Raymond Terrace a smart investment choice
Craig Higgins, principal at Dowling Property, the longest serving real estate agency in Raymond Terrace, says the area offers a low vacancy rate and high gross returns on investments. “Right now, there are great, affordable investment opportunities in Raymond Terrace which yield good returns. Usually gross returns of between 5.5 and 6 per cent,” Craig says. If you’re looking to get into the Raymond Terrace real estate market, Craig has a brilliant opportunity for savvy investors. New to the listings is 21 Glenelg Street, a free-standing home on a huge 1182 sqm block only 300 metres from the CBD. “The demand for units close to town is increasing and the Glenelg property makes a great development site,” Craig says. “We’ve got a good investment market in Raymond Terrace and the need for more units, so there’s great re-development potential here.” The property has a lot of possibility for anyone wanting to keep the existing home too. The three-bedroom, onebathroom home is move-in ready for new owners or tenants, but there’s also a lot of opportunity for DIY home-renovators to try their hand at being designers. The large yard includes a double garage, double carport and ample space for lawns,
1/9 Eskdale Drive Raymond Terrace
Over the past five years, statistics show that the median selling price for homes in the Raymond Terrace area has increased by 25.4 per cent. In 2013, the average selling price was $290,000. Today, the average is up to $370,000 and climbing. gardens and maybe even a swimming pool.
facilities are located at the throughway
Whatever plans go to this property, you can be sure that it will be a sound investment.
that leads to the backyard. Outside, lush
Median prices are rising and vacancy rates are low, which is a good combination when looking for somewhere to invest. Craig recently sold 1/9 Eskdale Drive for $245,000. The two bedroom, one bath unit is currently tenanted for $260 per week. The tidy duplex features an openplan living, kitchen and dining area. The bedrooms have built-in wardrobes and the bathroom is an all-in-one style. Laundry
lawns and low maintenance gardens make this property attractive to tenants and investors alike. It’s no wonder this rented unit, which is less than a 10 minute walk to Lakeside Leisure Centre, was snapped up after only 22 days on the market. For more information about the Glenelg Street property, or for any other real estate needs, call the friendly team at Dowling Property.
We Have The Experience And Local Market Knowledge You Need
Gregg Bates Licensee
Craig Higgins Principal
Mark Butler Rural Sales Consultant
Call one of our sales specialists to sell your property. You won’t regret the decision. Phone 02 4987 2226
Garry Fairhurst Sales Consultant
investment property How do you know what to buy that will suit your needs?
Everyone who is contemplating buying an investment property, feels a little bewildered by the decision that lies before them. It’s hard to know what and when to buy or even where to look. All investors would love to be able to buy in an area before it becomes the ‘the place to be’, so they can buy cheaply and enjoy the benefits of increased property prices. However, how do you find that suburb? What signs can indicate an “up and coming’ suburb in the making? In this article we will attempt to point you in the right direction and by revealing some of the signs you should look out for when you are about to buy an investment property.
What questions should you ask yourself before buying a property in a particular area? • Does the demand for property in the area exceed supply? • Is the area’s price increase significantly greater than the region as a whole? • Does the area have low prices, which are expected to rise in the near future? • Are the neighbouring areas experiencing good capital growth and are there positive developments happening in the area that will impact positively on capital gains? By asking yourself these questions, you can determine whether it is possible for the area you are about to buy into, to experience some significant residential booms. Investing always involves risks. It is important to be aware of these before you buy a property. • If the vacancy rate increases, rent may be less than expected. • A rise in interest rates will mean a rise in repayments. • Maintenance costs of the property could be higher than budgeted for. • There could be no capital gain or worse the property could drop in value. Why do properties remain vacant? If the rent is too high it may be harder for you to find a tenant for your property. High rents can lead to long-term vacancies and this will greatly affect your investment income. If there is a higher ratio of properties to tenants, it will have a negative effect on the vacancy factor as the tenants have more choice and are in a stronger position to negotiate on rents. If your property is poorly presented it may fail to attract tenants, so it is important to keep your property in the best possible condition. It is also important to buy an investment property that is close to all the necessary amenities. It is always a good idea to seek professional investment advice from your account and/or financial advisor.
Most financial advisors believe that the minimum timeframe for investing in property is 5 years to allow sufficient time for capital gain.
Kate Fuller Property Management
Jessica Corrigan Property Management
Madi Hunter Property Management
Our trained, professional Property Managers will look after your property as though it were their own. Phone 02 4987 2226
Caitlyn Vinton Administration