Front Cover: 165 Norbury Road, Beaconsfield Upper
In today’s competitive real estate market, buying a home requires careful consideration and strategic planning. Whether you’re a first-home buyer or looking to upgrade, it’s important to approach the process with diligence and awareness. To help you navigate the current market successfully, we at First National Real Estate Neilson Partners have put together five things for you to consider when buying a home.
Before you begin your house-hunting journey, it’s crucial to obtain a pre-approval from your bank or lender. This step will give you a clear understanding of your budget and ensure you’re looking at properties within your financial reach. By knowing your financial limits in advance, you can avoid disappointment and focus on homes that align with your budget.
Creating a list of non-negotiable needs is essential when searching for a home. Consider your lifestyle, family size, and plans for the future. Prioritise factors such as the number of bedrooms, proximity to schools or workplaces, and essential amenities like shopping and public transport. While it’s natural to have desires and preferences, distinguishing between needs and wants will help you stay focused during the home-buying process.
Location plays a vital role in your daily life, so it’s crucial to decide where you want to be. Consider factors such as proximity to public transportation, family and friends, and essential services. Research neighbourhoods that align with your lifestyle and preferences, ensuring they meet your current and future needs. By narrowing down your desired location, you can save time and effort by focusing on areas that truly suit you.
While online property listings provide a convenient starting point, it’s important to connect with a real estate agent who can offer valuable insights and assistance. Neilson Partners real estate professionals have extensive knowledge about the local market, upcoming listings, and negotiation strategies. By establishing a relationship with your preferred agent, you can benefit from their expertise, receive tailored advice, and gain early access to potential properties that match your buying requirements.
In the current market, timing is everything. Stay proactive and act quickly when you find a property that meets your criteria. Attend open home inspections promptly and submit your offers without delay. Low stock on the market right now means little choice for buyers and by demonstrating your commitment and readiness to move forward with your purchase, you increase the chances of securing your dream home before others have the opportunity. Remember, the key is to remain focused, adaptable, and proactive throughout the buying process. With these considerations in mind, you’ll be well-equipped to make informed decisions and find the perfect home in today’s competitive real estate market.
With expanding infrastructure and amenities, plus extensive residential development, new estates and subdivisions, Pakenham has attracted residents from various parts of Melbourne and interstate who have developed the suburb into the thriving community it is today.
There is a wide range of retail, dining and entertainment options plus several parks, gardens and recreational facilities including the Pakenham Recreational Reserve and The Cardinia Cultural Centre.
Pakenham is perfect for young families and boasts a variety of educational options with numerous public and private primary schools and secondary colleges plus access to childcare centres and kindergartens.
Community events, markets and festivals are frequent and provide opportunities for people to come together and celebrate their diverse community in what is an attractive option for those seeking to settle in Melbourne’s outer southeast.
OISHI JAPANESE ASIAN RICEBAR
Mouth-watering meals and super fast restaurant and take-away service, Oishi provides the finest food experience that will keep you coming back for more.
2/38 Lakeside Blvd, Pakenham 5941 7347
@oishijapanese
THE BAKERY STORE
The Bakery Stores passion is to serve customers great tasting fresh food and quality ingredients. If you’re looking for an early morning coffee or a tasty afternoon treat, The Bakery Store has a wide range of options for everyone.
1/141 Windermere Blvd, Pakenham 59198 0111
@thebakerystore
SHANIKAS
For a great day out head to the Robert Gordon Factory Outlet and Cafe where you can enjoy a delicious coffee or lunch and pick up a gift or two at the same time.
Boasting an international menu inspired by Italy, Shanikas is popular amongst locals and visitors to the area. With a focus on quality, delicious food and professional and personable service Shanikas caters for all occasions from casual dining to your next celebration.
7 Lakeside Blvd, Pakenham 5941 7577
@shanikaspakenham
PAKENHAM
MEDIAN HOUSE PRICE $635,000
MEDIAN HOUSE RENTAL $440PW
24 Days on market (average) 5043 Buyers interested
MEDIAN UNIT PRICE $480,000
MEDIAN UNIT RENTAL $380PW
23 Days on market (average) 1179 Buyers interested
RENTAL YIELD
3.7% House, 4.1% Unit
Source: PropTrack for realestate.com.au
A time to celebrate the achievement of our Property Management team.
Friday 21st July was National Property Managers Day, marking the date to recognise the role Property Managers across the nation play in supporting Rental Providers and Renters throughout their investment and property journey.
The members of the First National Real Estate Neilson Partners Property Management team never cease to amaze me with their level of tenacity, empathy, and adaptability.
Property Management is a massively challenging role with many balls to juggle, made even more challenging in the last few years with the impacts of COVID-19, and the significant legislative changes that have been put into effect.
National Property Managers Day is a day to celebrate the growth and achievement of our Property Management team as both individuals and as a group. It is a day to think about the wonderful role Property Managers play in our industry, communities, and society and celebrate their hard work.
We take this opportunity to recognise the sterling efforts that our residential and commercial property managers put in each day and thank them for their commitment. They represent, without a doubt, a key cornerstone of our business and we appreciate their efforts.
- Allison Holzer | Rental Division DirectorFirst things first, what is a Property Manager and what do they do? A Property Manager is employed by a Rental Provider to maintain and improve the value of their Investment Property. They act as mediators between Renters and Rental Providers, ensure that rent monies are paid on time, respond to maintenance issues and prepare and uphold lease agreements.
If you are looking for a career in Property Management and are unsure where to start, follow these 3 simple steps to guide you on your journey.
1. Obtain your Certificate IV in Real Estate Practice
Once you have completed your certification you can apply to Consumer Affairs Victoria for an Agent’s Representative, and you will meet the educational requirements for employment as a Property Manager in Victoria under the supervision of a Licensed Estate Agent.
2. Get your foot in the door
You can get your foot in the door by applying for an Administration/Receptionist position or as an Assistant Property Manager. Both roles within the real estate
industry, together with your Certificate IV in Real Estate will give you the knowledge and skills to gain a solid overview and the experience to become a Property Manager.
3. Apply for a Property Manager role
Once you have completed your qualifications and gained some experience in the field you can begin applying for Property Manager jobs. You may be fortunate enough to secure a job as a Property Manager within the organization you are working for otherwise you can begin searching online or apply directly with Real Estate Agents. Ensure you have a resume and cover letter ready to go.
Please feel free to contact First National Neilson Partners if you would like some further information.
1.38%
31,248
632
AVERAGE VACANCY RATE ONLINE VIEWS APPLICATIONS RECEIVED
PAKENHAM 7 DONDAY COURT $400PW 3 / 2 / 2 BERWICK 6A CHURCH STREET $430PW 2 / 2 / 1 CLYDE 15 YARRA STREET $520PW 4 / 2 / 2 NARRE WARREN SOUTH 26 THE SPRINGS CLOSE $510PW 4 / 2 / 2
With a flood of new listings predicted to hit the market this Spring, now is the best time to Beat the Rush.
Our team is dedicated to provide first class real estate service and results so you can buy, sell and lease with confidence.
We put you first.