Time to make the first step

The Weekend Post - Real Estate - - Front Page -

AS we con­tinue to see record low in­ter­est rates and a grad­u­ally im­prov­ing mar­ket, it is be­com­ing in­creas­ingly com­mon to see peo­ple mak­ing the move to­wards their first prop­erty, both as their own home and in­creas­ingly, for in­vest­ment. For those pre­par­ing to take that big step, it can seem a daunting ex­pe­ri­ence. In among the stress of pick­ing the right area for schools or find­ing that per­fect kitchen, you need to nav­i­gate the pros and cons of Body Cor­po­rate fees (yes there are pros), es­tab­lish a clear bud­get and of­ten make the call be­tween a “first home” and a “dream home”. And that’s all be­fore you put pen to pa­per on an of­fer. Hav­ing had the priv­i­lege of guid­ing both friends and fam­ily into prop­erty, the best ad­vice I can of­fer is prepa­ra­tion. The best pre­pared buy­ers are of­ten the suc­cess­ful ones, so time spent up­front in ob­tain­ing preap­proval for fi­nance, con­duct­ing thor­ough re­search on a prop­erty and area (talk to your agent) and con­sult­ing with your con­veyancer prior to mak­ing an of­fer can make the dif­fer­ence be­tween a stress­ful ex­pe­ri­ence and a smooth one. With the hard work done, you can be more con­fi­dent that that first big step is the right one. Tom Quaid, Quaid Real Es­tate sales man­ager & REIQ Cairns Zone Chair YOU just have to look at Smith­field, Mt Peter at Ed­mon­ton, the hills of Mooroo­bool and Mt Sheri­dan to no­tice new es­tates are be­com­ing a Cairns trend.

De­spite build­ing ap­provals in De­cem­ber drop­ping back from spikes ex­pe­ri­enced in Oc­to­ber and Novem­ber last year, the lo­cal ap­provals trend is still at a five-year high.

Ac­cord­ing to the lat­est Her­ron Todd White Cairns Watch re­port, stead­ier lev­els of build­ing ac­tiv­ity is ex­pected in the com­ing months.

How­ever, ac­cord­ing to the re­cently re­leased HIA New Home Sales Re­port – a sur­vey of Aus­tralia’s largest vol­ume builders – a se­cond con­sec­u­tive in­crease in Jan­uary 2016 has been recorded.

“Con­trary to the ABS build-

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