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Key Questions to Ask During a Sydney Property Inspection

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It’s easy to fall in love with a property at first sight, especially after scrolling through attractive photos. However, before making any big decisions, take a moment to ask yourself these essential questions.

Is the Staging Hiding Anything?
While the property may look stunning, keep an eye out for any cleverly concealed defects. Rugs, wide-angle photography, and strategic lighting can sometimes mask issues like uneven floors or cracks in the walls.

What Renovations Have Been Done?
Understanding the property’s history is vital. Ask about past renovations, as this can help gauge its real value and reveal potential limitations for future modifications. This insight could also spark inspiration for your own projects.

Why Are They Selling?
Discovering the owner’s motivation to sell can provide useful leverage. Whether they’re in a hurry or testing the waters, this knowledge can guide your negotiation strategy. Pair this with an understanding of their price expectations.

What’s the Roof’s Condition?
Roof issues can be costly. Look for signs of water damage, rusted gutters, or missing tiles. Inside, check ceilings for sagging or damp patches. These details can prevent unexpected repair bills.

How’s the Plumbing?
During the inspection, turn on taps and flush toilets to check water pressure and plumbing health. Make sure the hot water system is in good condition and inquire about its age and service history.

What’s the Property’s Orientation?
Orientation affects the amount of natural light your home will receive. North or northeast-facing properties tend to get the most sunlight, while others may require more artificial lighting, especially during winter.

Have You Done Your Research?
Before committing, dive into the property’s location. Investigate the area’s capital growth, comparable sales, and nearby amenities. Additionally, be aware of any upcoming developments or zoning changes that could impact your lifestyle.

Ready to Buy?
Whether you’re looking for your dream home or an investment, we can help secure the finance you need. Reach out to us today, and we’ll get you started with pre-approval.

Property Market Update

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The Australian property market is a restless one that can see things heat up and cool down in a matter of months, and with everyone trying to get a slice of a property market worth $7.5 trillion it pays to keep up to date.

Whether you are a first-time property owner, or you own multiple properties, obtaining sound professional advice, before investing in property, is essential. Wealth creation through property can prove to be a prudent strategy.

Research shows investors who have a close relationship with a qualified professional will be richer than those who do not have that close relationship.

Contact Strategic Investor Group today to review your individual financial circumstances.

Carl Thompson – Commercial Lending Specialist, Strategic Investor Group

The Interest Rate Dilemma

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The Reserve Bank has left the official cash rate on hold at its fifth meeting of the year, marking a record 22 months without a change.

RBA Governor Philip Lowe said housing credit growth had slowed over the past year, especially to investors.

“APRA’s supervisory measures and tighter credit standards have been helpful in containing the build-up of risk in household balance sheets, although the level of household debt remains high,”.

“While there may be some further tightening of lending standards, the average mortgage interest rate on outstanding loans is continuing to decline.”

Will the Banks be able to manage margins or increase mortgage interest rates to offset rising international borrowing costs?

Seek professional advice today regarding your existing or proposed lending requirements.

Carl Thompson – Commercial Lending Specialist, Strategic Investor Group