Whether or not you know an area well, it’s a good idea to research a location before you buy.
Having a big picture understanding of the suburb you could be living in is important. Good research can help you narrow down your options – and even dish up downsides to an area you first thought was perfect. With so much at stake, research is key!
We look at the main aspects of location research that you can cover. So put your detective hat on and start digging.
Where can I afford?
Property prices vary widely from suburb to suburb – even from street to street. Developing an understanding of local values in your preferred areas will help you know where you can afford to buy.
The good news is, Aussie offers free suburb and property reports with an appointment so you can have some of this information at your fingertips!
Where should I buy?
A suburb shouldn’t just fit your budget, it should also suit your lifestyle.
Ultimately there is no substitute for visiting a location yourself to know what it really offers. Be sure to visit at different times of the day and night so you get an idea of the kind of lifestyle you might expect.
Location, location, location
You can change a lot of things about your home but you can’t change the location. This is why your choice of location matters so much.
It’s smart to check out any future development plans that might be in the works which could impact the character of the area. To identify this, you could look out for new infrastructure being built- including train lines, shopping centres or schools.
What to look for in a suburb
Check out the local schools, transport and shopping options a suburb offers. These can make the area much more appealing to live
Think about the demographics of the area too. The Australian Bureau of Statistics is a good source of facts and figures on population growth and demographics, so you have a chance to ‘get to know’ your neighbours (on paper at least) before you potentially move in.
If you’re ready to start researching, request a free suburb report from an Aussie Broker today.
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- Chapter One : Getting started
- Chapter Two : Your Dream Home
- Chapter Three : Money Matters
- Chapter Four : Ways to Purchase
- Chapter Five : Understanding Interest Rates
- Chapter Six : Understanding Home Loans
- Chapter Seven : Lending Sources
- Chapter Eight : Getting Your loan
- Chapter Nine : Choosing a Home
- Chapter Ten : Steps to Settlement