Time to make the first step
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-