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market update Feb 2015

years.

Market moderating but 2015 outlook positive Real estate really is one of the most secure investments over the long term, and many consumers see it as a path to financial security. It’s therefore no wonder that so many Australians strive to own a home, and often an investment or holiday property as well. Most of us assume that the value of our real estate will increase, but the length of time a property is held has a lot to do with whether you’ll make a profit or loss. According to a recent Core Logic RP Data report, the average length of ownership for loss-making properties in 2014 was 5.7 years, versus 9.9 years for real

estate that sold at a gross profit. The good news is that the report highlights more than 90 per cent of properties make a profit when they are resold, and the average gain is $223,870. For those of us who bought real estate before 2008, our property values have, generally speaking, at least doubled. However, the effects of the GFC on property markets mean than just 4.1 per cent of people buying after 2008 have seen similar results. If you want to see your home’s value double, then the statistics show you will likely need to hold onto it for 16.8

First National Real Estate anticipates that the 2015 property market will continue to offer excellent investment opportunities although the market is showing signs of slowing down. It’s therefore important to consider the changing rate of prices growth this year and how this will affect your home’s value, if you’re thinking of selling. While many market commentators anticipate prices will continue to rise this year, depending on where you are in Australia, the pace of growth may be constrained by growing affordability issues and concerns about unemployment. The markets appear to have factored in an RBA rate cut by April, but Australia’s big four banks are playing this down. Whatever happens, interest rates will remain at historic lows throughout 2015. This means many homeowners are well positioned to leverage the equity in their home and buy an investment property.

Firstnational.com.au offers a wealth of advice about property investment and the major stages of property ownership in life’s real estate journey. As a member of Australia’s leading national real estate network, we help Australians buy their first home or investment property every day of the week. We always welcome the opportunity to share our experience, so, if you have a question about real estate, give one of our sales agents a call, or visit our website to explore its free resources. We're keen to help you buy your first investment property, or grow your property investment portfolio. Call in for a chat at any stage and we can talk about how we can help you achieve your 2015 property goals.


23 St Clair Ave, Para Hills Impressive Updated Home This home opportunity.         

represents

a

wonderful

3 Bedrooms Separate Lounge room Air conditioning Split System Ducted Cooling Instant Gas hot water Front security screen Carport Rear verandah Fully enclosed private rear yard

how much money you'll be able to part with each month for loan repayments while still leaving yourself enough to live on. Getting four-fifths help

What's your borrower profile? If you're in the market for a residential property, whether for you & your family or as an investment, chances are you'll be borrowing. This leads to a question all home buyers must answer: How much can I borrow? Like most things in life, the answer is a bit complicated. Possible versus practical How much you can borrow may not be the same as how much you should borrow. First, figure out how much you can comfortably repay. Neither you or your lender will want you to default on a loan, so work out

Once you've determined how much money you can safely borrow, you'll need to start saving for your deposit. Most lenders will allow you to borrow up to 80% of the value of a home, meaning 20% will need to be paid by you. What you bring to the table Of course, the value of your home won't dictate how much money your lender will make available. Before deciding how much money to lend you, banks and other financial institutions will take into account factors like your income, credit history, debt obligations and fixed expenses. With that in mind, it's never a bad idea to work on saving and building up your financial profile before borrowing. Taking care of your finances can help you obtain a larger loan more quickly.

local results

INGLE FARM 19 Yutara Ave 3 bed 1 bath 1 car $267,850 PARAFIELD GARDENS 41 Pearson St 3 bed 1 bath 2 car $270,000 PARALOWIE 48 Lauren Dr 3 bed 1 bath 1 car $264,500 PARALOWIE 33 Metala Road 3 bed 2 bath 5 car $345,000 PARALOWIE 199 Whites Road 4 bed 1 bath 1 car $266,000 SALISBURY NORTH 23 Bantanga Cres 3 bed 2 bath 4 car $217,000 Interested in a FREE appraisal? Whether you’re ready to sell or not, we’re happy to bring you up to date with recent results.


What should I ask my real estate agent? Looking to sell your home? Whether it's your first time or you're a seasoned seller, chances are you'll need a helping hand from a real estate professional. And while there's certainly no shortage of agents to choose from, finding the right one for you can be easier said than done. In fact, even if you interview a prospective agent, it can be difficult to tell if they're a good fit unless you know what questions to ask. The following are three good questions every agent should be willing and able to answer to your satisfaction, before you sign any form of exclusive agreement.

Can I have some references? Real estate agents thrive on the good words of past clients, so if an agent is unable to provide you with references or simply refuses to, it's a red flag. Selling your home is a very large financial decision, so you owe it to yourself to make sure you're working with an experienced agent. There's no better way to find this out than by checking their track record with previous home sellers. Where's my comparative market analysis? A good real estate agent should be an expert in his or her local

area. However, more than just personal knowledge, they should also be able to provide you with hard data relating to similar properties that have sold recently, giving you a better idea of what kind of price to set. It'll also give you an idea of what types of homes and home features are most popular with buyers in the area. This provides you with information you can use to arrive at a realistic expectation on price.

Will you be my main point of contact? It's important that you not only know who to get in touch with, but also have the ability to. Some agents work as parts of teams, or may delegate certain work to assistants. You should always know who's in charge of selling your home and how to get in touch with them. After all, it's your home on the line.

3 tips on settlement

During the settlement period, purchasers are entitled to ask for accompanied access to the property for “reasonable” purposes. Remember though, the property still belongs to the owner and they are not obliged to grant access. Stay in close contact with your legal

representative when planning removal van booking times. It’s crucial that your belongings will be delivered to your new home at a time that fits tightly with the legal process. Your agent cannot hand over the keys to your new home until instructed in writing to do so by the vendor’s

solicitor (in writing). You must be prepared for possible legal or banking delays when moving out of your current residence.


ARE YOU THINKING OF SELLING YOUR HOME? Tim Schwarz 0448 884 599

Jakub Ratajczak 0448 114 454

Contact one of our Sales Consultants for your

FREE MARKET APPRAISAL Today!

Gavin Armstrong 0408 802 350

Paul Taylor 8264 2223

Are You Looking To Buy? Below is a selection of some of our properties currently on the market.

To view all of our properties, visit our website at www.taylorsrealestate.net.au

GOLDEN GROVE 10 Cuneo Place STONE FRONTED VILLA – CLOSE TO GOLDEN GROVE VILLAGE

It features 3 brms – all with robes, 2 way bathroom, a well equipped kitchen that overlooks the meals & family area, & a further formal sitting room. There is gas heating & ducted evap air cond, while a tasteful colour scheme along with slate flooring to the main living area further compliments the home. Bonus features inc alarm system & security roller shutters.

For Sale $329,500 - $349,500

Step outdoors & you’ll be pleasantly surprised with a wonderful gabled pergola entertaining area with timber decking & privacy screening set amid a low maintenance garden, & a single carport.

MODBURY 7 Quebec Drive Position, Profit, Potential Neat & tidy 3 bed family home with double door formal entrance and a spacious L shape lounge/dine, master bed with bir & ceiling fan, bed 2 with bir, modern galley kitchen with a new gas upright stove, walk-in pantry, Pura tap, double sink & ample bench space, tiled bathroom with separate shower alcove, pitched roof pergola with timber decking, double c/port umr, polished flooring, ducted evap and gas heating, fully fenced established block of 689m2

For Sale $320,000 - $339,000

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