Buying : Where and What to Buy

WHAT TO BUY

For your convenience click on any of the links below.

> New Home
> Established Home
> Apartment/Unit/Townhouse
> Off the Plan Sales
> Land
> Where to Buy
> Location
> Trends
> Other

Ensure the contract specifies what you actually think that you are getting.

• Seek legal advice prior to signing a contract for the purchase of a property off the plan.
• Consider the cost and time of all the extras required eg, floor coverings, light fittings, the garden.
• Builders guarantees and warranties should apply.

Have the property inspected by a registered builder/architect.

• Obtain building inspection report.
• Refer to services

How many carparks/spaces do you have and are they shown on the title.

• What is the neighbour "mix", i.e. owner occupiers/tenants.
• Maintenance required.
• Body corporate fees.
• Are there any Body Corporate levies for future works ie. painting, lift maintenance.

Many savings may be offered.

• Possible saving of stamp duty.
• Possible rental guarantees (have these checked out by your legal adviser prior to signing a contract!)
• The developer may pay GST and/or stamp duty.
• Refer to previous comments under apartment/unit/townhouse..

You should give careful consideration to a number of factors with regard to land.

• Check that the boundaries of the property measure exactly as per the copy of title.
• Seek legal advice or engage qualified surveyors.
• Refer to the Local Council Authorities to ensure there are no encumbrances or restrictions governing what type of dwelling can be constructed (and ensure that a dwelling can be constructed).
• Ensure that the home you consider building is appropriately designed to suit the land
• Expensive retaining or footing walls may be necessary if the land is steep or undulating.
• Check if the soil shows seasonal movement or there has been substantial filling (old dam or old mines are not unusual). A soil test by a qualified surveyor is always recommended.
• Thoroughly check that services are available and what costs may be associated with connections.

Many consider location to be the most important ingredient in a property purchase.

• A quiet secluded court where children can play safely may be exactly what a young family requires.
• Accessibility of the home & walking distance to public transport is vital to the non driver, the elderly and student children.
• Some areas are likely to appreciate in value more than others, so it is important to get the "feel" of an area.
• Drive around and familiarise yourself with all the amenities and see if you feel comfortable.
• Do your research.

As mentioned earlier some areas have strong buyer trends, for example:

• Baby boomers.
• Cultural.
• New/Reduced employment opportunities.

See Research/Resources for more information.