Property in Sydney remains hot, prices have risen dramatically since the start of the year. There are no signs of slowing either, thanks to a glut of buyers and a drop in interest rates.
News that areas like the Northern Beaches no longer have any suburbs without an average house price of under $1 million can be very disconcerting for anyone looking to find a bargain. Sometimes it seems like the only time to get a cheap property in Sydney was 20 years ago and more1
So how do you find that excellent house that others might pass by?
Understand what makes a great property
Fancy furnishings and a fresh coat of paint may make a house visually appealing, but you need to look further to spot a property with real value. If a place that looks a little run down but has great ‘bones’ is being bypassed by other buyers, it could be your chance to score a sturdy and reliable bargain. Having a little bit of insider knowledge and understanding what to look for never hurt anyone in their property hunt.
Go ‘one over’
If all the other buyers are focusing on the best street in the neighbourhood, walk around the corner and see what’s happening there. Is there really a big difference in living in the second best street? The same applies for suburbs – it’s often the areas surrounding the most popular places to live that are on the verge of becoming the next big thing.
Have a great real estate or buyer’s agent who knows the area – and listen to them
So the garden might be small and the study seemingly useless, but a professional property insider can see the long term potential of a house beyond its current state. Work with someone you trust completely and listen to the reasons that they feel a property will be a wise purchase in the years to come. They will help you to see potential for change … and profit!
If you see a house you like – ask about it!
Sometimes people are thinking of selling but are yet to take action. You don’t have to knock on the door of every single property that takes your fancy but if you’re daydreaming and you happen to catch the owner heading out to check their mail why not see what price they’ve got in mind. A lot of sellers would be happy to be free of the headaches of property listings and open homes if they can get a reasonable price.
A buyer’s agent can help you find that hidden diamond of a property. Contact Amanda On My Side.
