Tips On How To Research The Real Estate Market

Whether you are looking to buy a new home or your next investment property, doing your research is critical, but knowing where to start can be tricky. So here are resources available at your fingertips and others that you can explore on foot to give you the best chance of success.

Reliable market data sources

There are many resources you can tap into to access market data for different regions across Australia. Sources such as CoreLogic RP Data, APM Price Finder, or Residex will help you understand different property markets across each state and territory. Additionally, most government websites provide community profiles that share information about council plans, development projects or building regulations that can help you understand the supply and demand of the area as well as offering data to refine your search.

From a local perspective, your local office can provide you with an in-depth local market report detailing the strongest growth areas, most traded and fastest selling areas, the top-performing local suburbs and a snapshot of houses and unit sales, median sale price, rental yield, days on market and more. Understanding the local market is very important, so make sure you contact your local LJ Hooker office – they live and breathe real estate in your local area and are a great source of valuable local market data.

The traditional research methods above are very important, but there are other clever alternative tactics that could really kick-start your property hunt.

Talk to the locals

A good idea to really get the feel of a suburb and street is to find a few locals and chat to them.

If you’re looking at buying a house, wander the street and see if anyone is out cleaning the car or watering the garden. Ask them what the area is like, how long they have lived there, what they like about the neighbourhood, and what they don’t. For example, what is the noise like during the day and night, but also any other questions you may have? You may even be able to find out why the seller is moving and if any developments might impact the value of properties in the immediate area.

If you’re looking at buying an apartment, consider knocking on a few doors on either side of it and ask similar questions to your potential neighbours. If that seems a bit scary, visit the nearest café and ask them what the area is like – they are often a great source of local gossip and community knowledge.

Infrastructure and Development

Major council developments and infrastructure projects may seem like a good thing at first glance. Still, it is essential to determine whether this infrastructure boom is a result of planned growth in the area, or whether the growth has already happened, and the infrastructure is just catching up.

The local council is responsible for planning and development, including zoning and re-zoning, so they are a great source of information. So head up to the council and see what you can find out.

A Winter Checklist for a Cosy and Warm Home

Winter is almost here, but instead of using the cold weather as an excuse to stay on the couch, why not take care of your home and make it cosier. Here is a checklist of jobs to help keep you warm, entertain the kids, care for your pets and make the most of being indoors as the temperatures drop.

Make your kitchen comfy

If your cooking space is a bit on the chilly side, add a rug to warm up your toes and relieve pressure on your legs and back. Choose an outdoor mat made from recycled plastic that can be easily cleaned or look for a rug that can be thrown in the washing machine. You can attach it to the ground with some anti-slip rug gripper to avoid any tripping hazards.

Upgrade the bathroom

Spend a wet weekend clearing out all the hotel soaps and shampoos and create a bathroom with just the essentials. Use smart storage solutions to sort items into groups, so it is easier to find them when you need to. This might require investing in a shelving unit, storage baskets or an organiser that hangs over the door.

Create space in the bedrooms

For bedrooms with limited floor space, install some wall shelving to display your unique treasures or favourite books. This adds personality to the bedroom while not taking up any space on the ground. This is an easy job to DIY using shelving from a hardware store or Ikea. For those not so confident wielding a hammer, ask a handy friend for help.

Install curtains to prevent heat loss

In winter, a tremendous amount of heat is lost through windows that are not double-glazed and don’t have curtains or blinds covering them. Heavy curtains with backing are available ready-made, or you can have them custom made to suit your furnishings. Check for draughts holding a lit candle near windows and doors. If the flame flickers, seal up the source of the breeze.

Light up your home

Spending too much time inside can make you long for a change in furnishings. A quick and low-cost facelift for any room is to replace the lampshades. You can spend as little or as much as you like. Visit garage sales or charity shops to find inexpensive shades or lighting stores for more of a selection. You could even have a go making your own by attaching fabric over an existing lampshade. Cash for houses in Florence.

Get artsy with your children

If your children are getting a bit restless over the holidays and scribbling on the walls, set aside a space to make it ok. Use painter’s tape to outline an area on their bedroom wall and paint with blackboard paint. Give them some coloured chalk, and they will be out of your hair and off your walls.

Get carrot crazy

Get the kids in the garden to enjoy the winter sunshine and sow some baby carrot seeds. They will love watching them grow and will eat them by the handful. If you live in a very cold area, sow carrot seeds into pots filled with good quality potting mix. Choose a spot that gets four to six hours of sun a day and water weekly once the seedlings emerge.

Keep winter pests away

Look at the top and bottom of camellia leaves for signs of leaf suckers like thrips and mites. Prune any damage after they have finished flowering and spray with an insecticidal soap followed by a feed of Dynamic Lifter. Don’t forget to also give them a good drink of water after long periods without rain.

Enjoy the warmth of a toasty fire

Entice your dinner guests outside for a nightcap to enjoy the warmth from a toasty fire. There are gas, wood or fueled braziers available that come in steel, cast iron or ceramic. If budget and space allow, go all out and install an outdoor fireplace. Check the regulations about fire safety for each state before firing up. You will never be indoors again.

Create a warm shelter for your cat or dog

Pets who spend a lot of time outdoors need more food in winter because they use more energy to keep warm. Give them a balanced diet and plenty of fresh water. Short hair dogs might need a coat for extra warmth, and there is no shortage of embarrassing outfits for your furry friend available. At night ensure they have a warm spot to sleep with shelter from any rain or droughts.