As a first home buyer, you probably have questions like ‘Where can I afford?’, ‘Is this suburb too expensive for me?’ and ‘Are prices rising?
Information is power when you’re buying your first home
The property market is ever-changing and home prices rarely stay the same for long. Property values can sometimes fluctuate up and down over short periods of time in just a few years. No one can be certain when a particular suburb will peak or cool off in prices, but reports can help.
As a home buyer, it’s worth knowing how the market is performing in the area you’d like to buy in. This can give you an idea of your buying power, help you negotiate with sellers to get a better price, and give you a better idea of your limits if you want to buy at auction.
One step you can take is to research home values across a range of suburbs. This will let you know which postcodes fall within your budget and which might be too much of a stretch.
There can be vast differences in property prices between suburbs, or even between streets in the same suburb. That’s where expert suburb and property reports can help you and provide accurate property price information. You could even discover some hidden gem suburbs that are well within your price range.
The good news is that your Aussie Broker can provide free suburb reports. It can help you stay up to date with local prices, plus you get a feel for how the market is trending in that area.
If you find a particular property you like, your Aussie Broker can also provide a free property report to let you know more about its history.