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Tim Mardiyants, MBA, DipProperty (Agency Mngt)
Participant
@blockrealestate
Join Date: 2018
Post Count: 7
April 9, 2018 - 7:07 pm
Currently there are some blocks selling in Throsby (Canberra’s Gungahlin region) that are 250 sqm. I have also had customers put a 4 bedroom home on a 315 sqm block. But then again they are paying around $1000 per sqm just for the land.
Tim Mardiyants, MBA, DipProperty (Agency Mngt) | BLOCK Real Estate - Canberra
http://www.blockrealestate.com.au
Email Me
Sales. Property Management. Buyers Agent.
Tim Mardiyants, MBA, DipProperty (Agency Mngt)
Participant
@blockrealestate
Join Date: 2018
Post Count: 7
April 7, 2018 - 5:15 pm
Hi, hopefully you managed to secure a home by now. Auctions are a mental game and you have to be prepared to walk away at your cut off point. I would advise going to a few before hand as an observer just to get used to the process, the pace and the tactics utilised by both the auctioneers and the bidders.
Tim Mardiyants, MBA, DipProperty (Agency Mngt) | BLOCK Real Estate - Canberra
http://www.blockrealestate.com.au
Email Me
Sales. Property Management. Buyers Agent.
Tim Mardiyants, MBA, DipProperty (Agency Mngt)
Participant
@blockrealestate
Join Date: 2018
Post Count: 7
April 7, 2018 - 5:07 pm
Canberra’s population is on course to reach 420 000 in the next 18 months or so, with an average annual growth rate of 3%. The best and most stable employment market in the country, the highest level of disposable income in the country. Lots of infrastructure investment from the local government. All the fundamentals point to a sustained positive investment market.
Tim Mardiyants, MBA, DipProperty (Agency Mngt) | BLOCK Real Estate - Canberra
http://www.blockrealestate.com.au
Email Me
Sales. Property Management. Buyers Agent.
Tim Mardiyants, MBA, DipProperty (Agency Mngt)
Participant
@blockrealestate
Join Date: 2018
Post Count: 7
April 7, 2018 - 4:41 pm
In reference to the original question from Helen the answer is – ‘it depends’.
You are essentially paying for someone’s time, expertise and local area knowledge to get you the best deal. If you are a seasoned buyer / investor who has outstanding knowledge of the local area and lots of time to do research you may be able to get a similar result.
However, 95% of buyers do not fit into that category so using professional representation would assist a lot. Just make sure that the fees are proportional to the amount of work that the buyers agent has to carry out on your behalf. At the end of the day it has to be a fair exchange and a win win situation for everyone.
Tim Mardiyants, MBA, DipProperty (Agency Mngt) | BLOCK Real Estate - Canberra
http://www.blockrealestate.com.au
Email Me
Sales. Property Management. Buyers Agent.
Tim Mardiyants, MBA, DipProperty (Agency Mngt)
Participant
@blockrealestate
Join Date: 2018
Post Count: 7
April 2, 2018 - 10:34 am
Have you had a look at the ACT Land Titles Practice Manual 2017? It may contain some really good information, including the procedural guidance to the ACT Land Titles Office which administers the Land Titles issues in Canberra.
The link is here: https://www.accesscanberra.act.gov.au/ci/fattach/get/165815/1503876368/redirect/1/filename/Land+titles+practice+manual.pdf
Having a chat to the staff at the shopfront in Dickson should also give you all the answers that you need.
Tim Mardiyants, MBA, DipProperty (Agency Mngt) | BLOCK Real Estate - Canberra
http://www.blockrealestate.com.au
Email Me
Sales. Property Management. Buyers Agent.
Tim Mardiyants, MBA, DipProperty (Agency Mngt)
Participant
@blockrealestate
Join Date: 2018
Post Count: 7
April 2, 2018 - 10:27 am
I can’t comment on other businesses but please be aware that there are different kinds of buyers agents. Kind of similar to financial advisors. The key question is who is paying them? If they are paid by any other party other than their client if could potentially indicate a conflict of interest. A lot of agents sell properties on behalf of developers and that clearly is something to be aware of. No issues with using an agent like that as long you know all the facts before hand and make an informed decision.
There are a couple of other buyers agents in Canberra, including Block Real Estate, which is relatively new multi-disciplinary agency but is gathering considerable momentum at the moment.
Tim Mardiyants, MBA, DipProperty (Agency Mngt) | BLOCK Real Estate - Canberra
http://www.blockrealestate.com.au
Email Me
Sales. Property Management. Buyers Agent.
Tim Mardiyants, MBA, DipProperty (Agency Mngt)
Participant
@blockrealestate
Join Date: 2018
Post Count: 7
April 2, 2018 - 10:17 am
Hi Stuart, congratulations on picking the right investment and getting some great capital growth returns. My only concern would be your leverage and overall equity position with 2 properties to service. The other issue might be that your principal residence will be taking the brunt of your mortgage repayment without any tax deductible benefits. Have you considered ‘rent vesting’? Ultimately its about your overall returns and equity position.
Tim Mardiyants, MBA, DipProperty (Agency Mngt) | BLOCK Real Estate - Canberra
http://www.blockrealestate.com.au
Email Me
Sales. Property Management. Buyers Agent.