Are you going to let another year pass YOU by?
STOP! Listening to all the Doom and Gloom - Smart investors know that all this talk of Doom and Gloom is the RIGHT time to make money in property, no matter what your budget is! As Warren Buffet says "be fearful when others are greedy and be greedy only when others are fearful." It is easy to believe everything that is written in the paper, what you see on TV and the ?experts' at friends BBQs about how bad the property market is but we urge you to stop and think about what all this really means. Think back 15 - 20 years ago and you will remember people saying "Don't buy now, it's only going to get cheaper. You'll never make money in property........." If only you knew then what you know now
*This is a home we purchased for one of our clients in the Brisbane Greater Metro area in August 2008
- 4 bedroom, 2 bathroom home on 1012 sqm of land. Current rental appraisal is $365pw. Purchased approx $20,000 below market value. Suburb is current achieving 18.2% growth pa.
1989 Purchased for $65,500
2005 Purchased for $211,000
*August 2008 Purchased for $295,500
Estimated value today $345,000
Its been an interesting time over the past 12 months in the Real Estate industry to say the least..... We are seeing lots of action in certain markets and lots of great ?opportunities' presenting themselves.
Please see to follow a break down of each price bracket and what you can expect to purchase:
We are seeing some great older lowset 3 bedroom, one bath, one car garage brick and tile homes, or Highset Chamfer board/timber, three bedroom, one bath, DLUG homes - both on approx 600sqm hit the market in this bracket - most typically in that 25km radius from the city.
For first home buyers - these are a very affordable way to enter the market.
For investors, these properties are an affordable, low risk way to re - enter the market and are returning a great weekly rent return of approx $300 - $320 pw. May require some TLC but not major renos
$300,000 to $400,000 Bracket
In our experience, the housing market in this bracket and up to the $450,000 mark is literally pumping in the good areas. It is nothing for agents to be selling 6 to 8 properties a week and it is evident good quality stock is in short supply. There is still alot of properties on the market but usually they are overpriced for location and work required.
The added bonus from the government for First Home Buyers has definitely made a massive impact on this bracket and added demand is helping to inflate prices - we believe by as much as 15% since 1st of Dec 08.
In this bracket you could expect to purchase a 4 bed, 1 bath, DLUG Brick and Tile Home that is under 10 years old on approx 600sqm of land. Very contemporary style home that will require very little, if any, work. Still within that 20km-25km radius to the city. Another good option in the low $300's is a 2 bedroom, 1 bath, single car garage unit around the 10km radius to the city.
For Home Owners and investors alike, there are some great buys in this bracket if you are prepared to move quickly to beat the rush.
For Investors, these 4 bedroom homes are returning anywhere from $370 - $400 per week rent for a typical purchase price of around $380,000.
$400,000 to $500,000 Bracket
This bracket is still very active - and again good quality homes that are realistically priced are hard to find. Once you get over the $500,000 bracket, appear to have slowed slightly, what this means they are staying on the market longer but are selling.
If you are looking to buy under that 10 year old home, 4 bed, 2 bath, remote double garage that has the dishwasher, air conditioning, outdoor entertaining area which make excellent rental properties attracting high rents and good quality tenants, then you need to be quick as cashed up overseas investors are buying this style of home.
This is the time for investing in Property.......
How can Hot Property Specialists Buyers Agency help you in 2009......?
*We work only for buyers, not sellers - so you only receive unbiased independent advice
*Predict hot spots before they become hot spots and back it up with evidence
*We search for the best property to suit your needs
* You will never have to chase selling agents again
*Discuss and understand your property goals
*Discuss best places to buy for your money
*Take care of all the details on your behalf
We save you serious time, money and frustration!
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GENERAL ADVICE WARNING:
Please note that this information is deemed to be GENERAL advice, as the information does not take into account your particular objectives, financial situation or needs. It is also a ?typical' report of the current property market by Hot Property Specialists based on our current experience in the market and no guarantees can be made as to the property types for depicted budgets. Hot Property Specialists will not be held responsible for any loss or damaged suffered as a result of relying upon the opinions and information contained in this report. At all times you should seek professional advice based on your personal requirements before you act further.