Tips For Buyers

1. Do your own research. Dont believe the hype. Make your own informed decision as to whether or not a suburb is a hot spot. Information helpful in making this decison is looking at supply to demand ratios, rental demands.

2. Location Location Location. Depending on whether you are investing or purchasing a home for your family. Location is a cruital part that must be considered to make sure the home will meet your needs. For example location of public transprt, local schools and shops.

3. Consider surrounding suburbs. If your ideal suburb is out of your price range. Look into surrounding suburbs.

4. Talk to the experts. Speak to local real estate agents, financial planenrs and mortgage brokers.

5. Finance. Make sure you have a pre approval ready to go so you dont miss out. Many people start looking for a home without getting a preapproval for their mortgage and thena apply once they have found their dream home. This can leave you at a serious disadvantage.

6. Inspect smartly. At an open home its very easy to get catch up in the moment as buying a new property is very exciting. make sure you look at the practicalities of the house. For example if there are any cracks, powerpoints, size of wardrobes ect.

7. Make sure you have good legal advise. The importance of this can not be overlooked. As a good legal representative can alert you to potential issues with a property. For example illegal building additions, issues with strata management ect.