Agency ex­pan­sion to boost jobs

Mercury (Hobart) - Property - - Front Page -

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.

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