With everything you need to get started in property investment, development or home buying. Click here
January 30, 2013
If you don’t have big bucks to spend, careful selection is one of the key criteria for securing a home or investment property that still has the potential to deliver financially, according to a Perth property buyer’s agency.
Property Wizards Buyer’s Agency’s Liz Sterzel said there were three solid strategies for hunting for property bargains on lower budgets.
“Above all else what makes a home or investment property valuable is its potential for good capital growth or good rentals yields,” she said.
January 30, 2013
The roll out of the national broadband network (NBN) will have minimal effect on the residential property market in Perth, but may have some impact on regional areas and commercial property, according to a Perth buyer’s agency.
“Given that internet connections are generally very good in Perth, it would be hard to imagine investors and tenants basing their residential property decisions on availability of the national broadband network,” said Property Wizards Buyer’s Agency’s Liz Sterzel.
January 20, 2013
People returning from summer holidays with dreams to snap up vacation homes that double as lucrative investments need to tread carefully, according to a local property buyers agency.
Property Wizards Buyer’s Agency’s Liz Sterzel said holiday homes could prove to be far trickier investments than many people thought and the best approach to deciding whether to take the plunge was to consider your key objective.
“If your goal is to build a high-performing portfolio, simply choose the best property for your investment needs in a city with solid industry and stable rental demand,” said Ms Sterzel.
October 22, 2012
Blocks ripe for building two-storey “walk-up” homes are the hottest opportunity being tracked down by investors keen to craft higher density developments in the midst of Perth’s housing affordability crisis, according to Subiaco buyer’s agency Property Wizards.
Property Wizards’ Liz Sterzel said a recent change to planning laws had created a loophole making the savvy wealth-creation strategy possible.
“The brilliant opportunity the loophole presents is being able to build two-storey walk-up homes which may look like a townhouse but are actually two apartments, one on top of the other, where each unit is a separate property with its own title,” she said.
November 14, 2012
Perth property buyer’s agency Property Wizards is urging investors to prioritise on-the-ground property inspections early in their search for an investment or enlist professional help, saying it was the only way to ensure they weren’t being deceived by online photographs being used to sell homes.
Property Wizards’ Liz Sterzel said that while the internet had made searching for property investments easier in many ways, it had also thrown up a new challenge for buyers.
“Since the internet has become the primary way of marketing houses photographs have become a massive part of an agent’s selling strategy but, as the old saying goes, looks can be deceiving,” she said.
August 28, 2012
Perth-based buyer’s agency Property Wizards has been honoured with an award that pays tribute to its exceptional customer service in helping investors snare superior properties.
First-class feedback from clients has seen the agency presented with a Gold Australian Customer Service Award for 2012.
Australian Customer Service Awards managing director Ian Lowe said Property Wizards well and truly hit the mark in delivering outstanding service.
Any investment option presents risks and rewards that must be properly understood before purchase, this is certainly the case with the purchase of property for redevelopment. You can keep yourself nicely occupied, but all your hard work could be for nothing if you’ve not done your homework.
“It may shock you to hear that small developments are by and large not profitable,” said Property Wizards buyers agent Liz Sterzel.
“Less than 1 per cent of sites advertised as development potential sites can generate a profit for the new owners,” Ms Sterzel said. “The really good profitable sites for a buy/develop/sell strategy today generate just 15 per cent profit.”
January 25, 2012
Particular Joondalup properties have the potential to be star performers for investors thanks to strong demand for student housing in the suburb, according to Perth-based Property Wizards Buyer’s Agents.
“Joondalup is becoming its own hub and has everything that the city of Perth offers – it’s a developing, modern, self-contained city, so it’s well suited for all demographics and is filled with facilities to maintain a brilliant lifestyle,” says Property Wizards’ managing director Liz Sterzel.
May 8, 2011
WA’s ‘mum and dad’ investors are taking advantage of faster building times and discounted building costs to dive into small-scale developments, report Perth property buyers agents.
Liz Sterzel, managing director of Property Wizards Buyers Agents and Developments, said educated investors had come out of the woodwork in recent months to capitalise on the unique features of the market.
“At the height of Perth’s last property boom, it was taking up to two years to construct a new home and those delays cost investors building rental properties a great deal in terms of interest costs,” she said.