You probably already have a fair idea of where you want to buy your property.
In many cases, it's more than likely that you are already living in or close by the area, or you are returning to where you grew up, or your family has moved to, or away from!
Whatever your reasons, there are two main factors to consider when deciding where to buy property - capital growth potential and the ability to satisfy your lifestyle.
Capital growth relates to the ability of your property to build equity in the long term i.e. will it be worth more in the future?
Lifestyle considerations may include: whether you get the train or tram to work? Are there parks nearby for the kids? What are the schools in the area? Is the gym nearby? Can I get a quick coffee on the way to the station? Can I grab wine on the way home?
These may be simple questions, but depending on your lifestyle, these are some of the most important things to consider when looking for somewhere to buy.
What type of property do you want to buy?
Now that you've found the area where you want to buy, the next step is looking to buy property that suits your lifestyle.
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Are you looking for a two-bedroom apartment with views, a house with a backyard for the dog, or a warehouse that you can mould to be your own?
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Are these types of properties in the area where you want to live?
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There may not be many places with a car space, or the possibilities for expanding may not be available.
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The biggest question is can you afford to buy what you want, where you want?
Stay focused when looking for your dream place. Ask yourself if you really need two car spaces? Or will an open car port suffice? Don't buy what you don't need.
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