Un­lock­ing the com­bi­na­tion

Herald Sun - Property - - OPINION - AN­DREW WIN­TER

THE sub­ject of “mix­ing it up” in the won­der­ful world of Aussie real es­tate is a topic I’ve writ­ten about many times.

It seems, how­ever, that yet an­other year has gone by where I’ve had zero im­pact in my pur­suit to rec­tify a ma­jor flaw for the buy­ing and sell­ing pub­lic when it comes to prop­erty in that hard-to-de­fine “mixed” cat­e­gory.

Now I may have pos­si­bly con­fused some of you as you try to imag­ine what a mixed prop­erty could be.

To clar­ify, it’s not a home where taste­fully styled rooms are mixed with rooms rem­i­nis­cent of an episode of US TV show

Nor is it a way of de­scrib­ing a cool con­tem­po­rary home blended with its true Fed­er­a­tion his­tory.

They are prop­er­ties mainly where the ac­tual us­age is mixed be­tween liv­ing and work­ing.

This could be a retail space with ac­com­mo­da­tion above. It could be a home on acreage with a large sep­a­rate out­build­ing used for com­mer­cial stor­age/light in­dus­trial pur­poses.

It could be a con­ven­tional dwelling that has some form of self-con­tained sep­a­rate liv­ing ac­com­mo­da­tion, from stu­dio style to fam­ily space.

It could even be a coun­try home with sta­bling and eques­trian fa­cil­i­ties.

Maybe a home with a sep­a­rate of­fice space.

Among this vast ar­ray of prop­erty types there is a com­mon thread and that’s that the prop­erty as a whole of­fers not only a place to live, no mat­ter how large or small, but also an area to­tally sep­a­rate that can be used for com­mer­cial pur­pose.

This could gen­er­ate in­come for the res­i­dent, or per­haps both spa­ces could be let in­de­pen­dently.

The fun­da­men­tal point is th­ese are very par­tic­u­lar prop­erty types that right now have ab­so­lutely zero true clas­si­fi­ca­tion.

What are they? How do you mar­ket them? If you want one, where do you look?

Even our dear friends at the ma­jor banks and other lenders get a lit­tle scared of the great un­known “mixed” prop­erty, an el­e­ment I find quite con­fus­ing as the pur­pose with any of th­ese prop­er­ties is usu­ally quite clearly de­fined, just not cat­e­gorised.

In the cor­po­rate world, where there isn’t a box to tick there lies the prob­lem.

Mixed prop­er­ties need a box to tick so please help me on my cru­sade to cre­ate this box be­fore an­other year goes by.

Over the years I’ve had many frus­trated home­own­ers des­per­ate to know how to mar­ket their mixed prop­erty ef­fec­tively.

I’ve also had buy­ers who would rel­ish the op­por­tu­nity to se­cure a prop­erty with gen­uine flex­i­bil­ity to suit their life­style or in­vest­ment re­quire­ments.

But right now, where do you start as a buyer or a seller?

The cre­ation of my new cat­e­gory could lit­er­ally be known sim­ply as “Mixed”, so along­side res­i­den­tial and com­mer­cial cat­e­gories, sellers, buy­ers and lenders would all know where to go for those prop­er­ties with mul­ti­ple use/live work space/ home with sep­a­rate in­come. This is not rocket sci­ence nor a costly im­ple­men­ta­tion, so come on prop­erty re­search en­gines — be the first!

News­pa­per prop­erty edi­tors and of course Aus­tralia’s largest on­line real es­tate por­tal, realestate.com.au, please grant me my wish and en­hance the prop­erty mar­ket we all love and em­brace — let’s MIX it all up. I’m cur­rently in­volved with a new ex­cit­ing scheme of 10 prop­er­ties and, yes, they are mixed, so I’m not let­ting 2016 go by with­out some ac­tion.

An­drew Win­ter hosts

on the Life­style chan­nel

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