Category: Purchasing A Property

Homebuyers and investors waiting for proof the market has bottomed out may want to re-think their strategy.

The practice of sitting back and waiting for confirmation the market has definitely bottomed out could be a costly move.

Many buyers want to have certainty, so they stay away from the market until they see strong evidence of price growth across the board.

This tendency means when the market is at around the bottom, there are less takers and it can present the perfect opportunity for astute buyers to potentially snap up a bargain from a keen seller and give you a head start on others.

Making the most out of property investing is about the right property choice and time spent in the market, rather than trying to time the market – and this is certainly true for the Perth market right now, so if you delay buying, you risk missing out.

Selecting your ideal property

However, buyers must remain aware that just because there are properties available does not mean they are good investments and selecting the right property is crucial. Similarly, some sellers are still asking too much, and those overpriced properties will be left sitting even as the market turns.

The majority of our enquiries are for add-value properties – those where the price is good to start with and then offer potential for adding value quickly, making it even better. People are wanting to be more in charge of their own destinies – I guess because the market has messed them around a little in the last few years.

So being back in control of decisions relating to their financial security and future is paramount in the minds of investors in the Perth market. Self-Managed Superannuation Fund buyers, and those people looking to escape the rat race through investment are key players at present.

They are buying now because sentiment is turning and for the good properties there is already competition, meaning prices may soon start to edge up.

Choosing the right suburb

Choosing the right suburb is critical. Areas close to the city, the ocean or river are where people most want to live. Next best is having easy access to these lifestyle attractions along with others such as shops and cafes.

Being close to work opportunities and good schools ranks highly and fly-in fly-out workers want easy access to the airport.

Areas that have good long-term prospects – not just flavour of the month and not just because next year is expected to be good – you need it to continue being good.

Also, where you can get good add value opportunities, whether they be renovation, subdivision, development, future rezoning or just that extra X-factor that sets it apart from others.

If you want more information about property investing, why not read our Property Investing Beginner’s Guide eBook.

If you’re not sure what type of strategy would best for you or you would like to learn more about different strategies, why not download our 4 Strategies to Success fact sheet.

Or, if you’re ready to talk about buying your first home, why not complete our Getting Started form to get the ball rolling.

Need finance?

If you’re ready to invest and you’ve got any questions about finance, call us for a free Financial Health Check: 08·9381·7450 or download our Finance Services information.

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Property Wizards believes everyone has the right to the knowledge to help you accumulate wealth, no matter your background, education or income.

We can help you unlock the potential of the real estate market for your family through savvy property selection, negotiation on price and conditions, development expertise and the magic of robust research.

Regardless of market conditions, our research, local knowledge, and access to silent sales means we find the hidden gems that can outperform the market in capital growth and rental returns for long term wealth creation.

Importantly, we’re able to provide property investors and homebuyers with the same level of representation that property sellers have benefited from for years.

Your property portfolio is your path to financial freedom and the lifestyle you’ve been longing for.

Property Wizards takes away the stress of buying a property and saves you money at the same time. We can show you how, or you can sit back and let us do all the hard work for you.

As we announced recently, Property Wizards has launched its finance brokerage arm – so we can now offer property buying and finance services under one roof.

The move was fuelled by our customers’ demand for quality financing:

“Throughout our property buying process so many of our clients ask for help with their finance. They want a smooth process where their property and finance is all taken care of without any hassles, and with a single point of contact. So it made sense to us to extend our service offer to include finance.” – Liz Sterzel, Property Wizards director

We’ve teamed up with award-winning finance group House and Home Loans to provide a quality range of services and products.

“We chose House and Home Loans because their premium standing with the banks gets us priority service and we can negotiate rates – not just accept what is offered to the market.

DOWNLOAD YOUR FINANCE FACT SHEET

Complementary services

Property investing can be quite complex and introducing a service that is complementary to our existing services simplifies the whole process. We’ve found that our customers like the synergy between their property investment and finance strategies and we can get them into the right structure from the start.

The service includes loans for investment properties, self-managed super funds (SMSFs), construction and development, commercial property and homes.

We also review existing loans to ensure our clients get the best discounted rate available. We have saved clients substantial amounts just by restructuring their existing loans.

How does it work?

Our goal is to keep it simple. So we take you through our simple 5 Steps to Finance process. We first assess and understand your finance goals and budget, develop a strategy, conduct a loan search, then help you apply for the right loan.

Our simple but comprehensive service allows you to enjoy a stress-free, smooth process, with one point of contact throughout. This can be integrated with our buyer’s agent and development services, or accessed on its own.

Now is an excellent time to review your loans, especially if you want to fix your rate as they are the lowest fixed rates we have seem for some time.

For more information about our finance service, call 08·9381·7450 or download our Finance Service fact sheet.

Property Wizards represented a client at auction over the weekend and achieved a fantastic outcome – securing them a beautiful home in the Perth hills.

The property was secured at $25,000 below the bank’s reserve using auction techniques and skills to ensure bids did not reach any higher than they had to and through skilled post-auction negotiation. Here’s how… (more…)

If you’re just starting out in property investment and you’re not sure which investment strategy is right for you, it’s worth exploring the differences between yield and capital growth.

Understanding the differences can help you work out which strategy is right for you, and therefore the type of property you should be looking for. (more…)

This International Women’s Day, we thought we’d celebrate female empowerment by taking a look at female property investors.

An article last year, Single girls top guys in homeownership stakes, revealed that according to the Australian Bureau of Statistics, single women’s ownership of property is higher than that of single men.

It also showed that despite the oft-documented gender pay gap, in the property sector, some women are outperforming men. (more…)

When you think about property investing, a lot of people immediately think of residential property.

But there are also opportunities to generate wealth from commercial property investment, so long as you understand the key differences between commercial and residential investment markets.

While many investors understand residential property because they may have bought and sold homes themselves, commercial property is more complex. The factors that drive the success are different and the things to consider when choosing your purchase are different.

And before you start, you need to get a few things in order:

• Pre-determine a budget
• Consult with your finance broker
• Check with your accountant if you need to register for GST
• Decide what entity you will hold the property in

Property Wizards director Liz Sterzel shares her tips for achieving success in commercial investing – for those crossing over from residential or those just starting out: (more…)

“It’s a buyer’s market!” you probably keep hearing. Perth’s current property market is a buyer’s market! The time to buy is now!

To dig a little further and find out if it really is a buyer’s market, and what this means for investors, we asked Property Wizards director Liz Sterzel what she thought. (more…)

Whether you’re just starting out in property investment or you’re a seasoned pro, you’d be familiar with the term, median house prices, and have probably spent countless hours scouring newspaper articles and real estate data trying to digest and distil them.

But what do they really tell you and what else do you need to know to make sense of them?

Well, we thought we’d break it down for you. We asked Property Wizards Buyer’s Agency director Trevor Dunkley for his insights on median house prices. (more…)

Want to know how to pinpoint the next real estate hot spot? Of course you do. That is a question we get asked all the time here at Property Wizards.

So we thought we’d save you some time, and go straight to director Liz Sterzel for her thoughts.

Many people want to invest their money in property, but choosing a suburb that offers maximum growth can be a daunting and confusing experience. So how do you isolate great growth areas?

Here’s what Liz says: (more…)

As people have become more aware of the workings of the real estate industry, many buyers now recognise the need for representation.

Just as you might engage a lawyer, a doctor, an accountant to address specific legal, health, financial aspects of your life, it makes sense to engage a professional buyer’s agent if you’re considering buying property.

And, if you are considering buying a house or apartment, the seller is likely to have an agent on their side, so why not have a professional on yours.

Whether you’re just starting out, or even if you’re a pretty savvy property investor, you’re probably asking, “but what can a buyer’s agent do that you can’t do yourself?” (more…)

Thinking about buying your first home? Taking advantage of Perth’s current property market and the Federal Government’s First Home Owner’s Grant (FHOG) is a great place to start. But do you understand all there is to know about it?

Following the state government’s announcement of a boost to the first home owner’s grant, we thought we’d break it down for you. (more…)

A new year often inspires a time to reflect – on your personal goals, health goals, financial goals. They’re called New Year’s resolutions for a reason. Have you made any?

If property investment has made your resolutions list or is part of your 2017 financial goals, now is a very good time in the Perth market. And if it hasn’t, perhaps it should!

If you’ve been umming and aahing about buying an investment property, now is a great time to make it happen. (more…)

You know the old saying: “Don’t judge a book by its cover.” Many investors place too much emphasis on looking rich rather than becoming rich, and make the mistake of buying properties based on cosmetic appeal instead of their capital growth potential.

Buying a property just because it’s pretty could mean you end up with an under-performing investment.

Our go-to tips for weighing up aesthetic appeal versus potential capital growth include: (more…)

So you want to buy a property to develop or subdivide, but not sure where to start or what to look for?

Knowing how to secure a property with superior development potential can be difficult, especially if you are just starting out.

Here are our top tips for a successful development project: (more…)

While it’s one thing to rush and make poor decisions under pressure, waiting for “the right time in the market” can prove equally costly, and may not be a smart property investment strategy.

In periods like this, when the Perth property market is at a low, many investors become increasingly concerned about whether or not it is “the right time” to enter the market.

But, such a situation provides the perfect illustration of why waiting to get into the real estate market can be costly.

By the time buyers who’ve held off realise the theory that there is a “right time” to enter the market is flawed, they’ve already missed the boat. (more…)