Agency expansion to boost jobs
EVERY ‘‘property type’’ who writes, speaks, blogs or tweets about how to get the most out of the property market and avoid mistakes should always make it clear you should do your research before you buy, sell or invest in a home to rent out.
The first element of that research should really be about the area’s demographics.
For example, knowing the total number of dwellings within a suburb, will help you understand what percentage of the area is on the market. You’ll need to compare the demographic number to an online search of the suburb to discover how many homes are for sale.
Compare the number of homes for sale with neighbouring suburbs to give you an insight into the local supply, noting some homes listed may be duplicated and some may be old listings or under contract. It can take a bit of time, but that time is teaching you all about the homes in that area, which is the point of the exercise.
Short supply in your area could mean that is not the time to buy, but the time to sell. Looking in the papers, then, will add to your insight.
Perhaps you are researching the rental market as a potential landlord.
What you need to find out is how many homes in the area is rental stock. What rents are they paying typically?
It is even better if you can obtain an insight into the typical average earnings and the amounts of income spent on rent. All these statistics help you decide if the rental figure you are hoping for is reasonable and if there are good chances of retaining 95 per cent plus per annum occupancy.
Another good way to get a true insight into the type of area you are considering, is to establish how many dwellings are owned outright, owned with a mortgage, or just rental stock.
Then you should look at the typical household mixes of that suburb.
How many people typically live in a home? How many cars do they have? How many children on average? What age group is the population? Marital status?
All these factors help you understand the type of property you should be seeking that will be most attractive as a rental in that area.
It is even more useful if you can compare this suburb with others similar, in the state and nationally. FOLLOWINGa recent expansion in Victoria, real estate agency LJ Hooker isnow turning its focus south to Tasmania.
Apotential six extra offices are set to open across the state before the end of the year, says regional manager for Tasmania and Victoria Paul O’Regan.
‘‘We are building a larger, even stronger network because it’s a great time in Tasmania for investors with great yields on rental returns and increased activity due to lower interest rates which results in greater affordability,’’ he said.
‘‘We are focussing on the Hobart, Devonport and Launceston areas as well as other regional centres where weare not currently represented.’’
MrO’Regan said the proposed office openings would also create more jobs, with an average franchise needing a principal, two to three salespeople, a property manager and support person.
In June, one advertisement for an administration position at LJ Hooker Kingston attracted applications from 300 people.
AUCTIONof the week is a 1950s weatherboard home which has had a recent makeover.
24 Ashburner St, Devonport goes under thehammer on Saturday at 11am.
All the renovating has been done
One generalisation that you should be aware of is that with research you often see information about your post code as opposed, to your actual suburb.
This can be misleading as your postcode could be home to a selection of vastly different suburbs.
One sector could demonstrate a strong market now while the other so you can just unpack your belongings and move straight in.
This three-bedroom home has been fully renovated so any new owner can relax and enjoy the benefits of this property in such a great location, only a short stroll to the heart of Devonport’s CBD.
The lovely open entrance way takes you through to an open plan dining and lounge room with stylish kitchen, complete with dishwasher sector is weak. This means that while it is useful to know your suburb’s median house price, it is also useful to be aware of how long it takes for homes to sell in the market and the price range of those sales.
So how do you get hold of this information freely and easily?
Well, the Australian Government supplies it, through the Census, the and quality stainless steel appliances.
The tiled entrance, kitchen, bathroom and laundry areas make for an easily maintainable home.
The master bedroom has a walkin wardrobe plus ensuite, with shower and toilet.
The main bathroom has a spa bath so you can soak your stresses away after a long day.
There is plenty of storage space latest being two years ago, making much of this information pretty up to date.
Not only will you find information on the suburb you may be considering buying in, but you will be drawn to learn about the suburb you live in now, where your mates live and your parents.
Anyway all these fascinating facts throughout this home, which continues outdoors with a single lock up garage and storage shed.
You will also be able to entertain rain, hail or shine with a large outdoor entertaining area at the back of the home for privacy and convenience.
To book your inspection and take a closer look, please phone the listing agent Carolyn Dutton on 0407 301 377. are a click away at www.abs.gov.au
Go to ‘‘Quick Stats’’ search button, put in your suburb and press ‘‘GO’’.
The world opens up to you. It is pure joy.