Tips for Buying an Apartment in Sydney
Sydney is among the most lavish and attractive cities in the world. The city offers numerous markets, facilities, and all the attractions one needs. That’s why every citizen in the city aspires to own an apartment there. Although the property rates are quite high, it is not impossible to buy one. Here is where an investment property consultant helps.
Affordable options in Sydney allow investors to buy apartments in the city.
However, buying property in Sydney can still be challenging. There is a high demand for feasible units.
So, If you are planning to buy an apartment in Sydney, you can follow the tips mentioned below to make your property buying decision wisely.
Real Estate Tips for Buying Apartment in Sydney
Research as best as you can before buying an apartment, and ask some common questions:
1. What sort of properties are in trend?
2. What is a suitable location for you and why?
3. If you rent it out, how much rent will you receive?
4. What capital growth can you expect from that area?
5. Are public services such as transport, school, and market available nearby?
6. What is the future of the location?
7. Does the price tag match the worth?
8. Is it affordable?
9. Do you have the finances ready for buying an apartment?
Stamp Duty
A buyer has to pay stamp duty while purchasing a property. The individual is supposed to pay the tax within 3 months of the contract date. The higher the rate of the property, the higher the tax. That’s why it is advised to calculate the stamp duty early. Talking about NSW, the tax is 4.7%. The Office of State Revenue regulates stamp duty.
Ask for advice
Whether you are making a property purchase for the first time or fourth, advice from professionals always helps. Asking property experts and lawyers will help you to get the best guidance because they have a better idea of the current property scenario. You can even get first home buyer assistance.
The distinct feature of the Apartment
Look for an apartment that is unique in different ways. Ask what makes the property unique to yourself. By this, it doesn’t mean investing in ancient properties. You can go for nice spaces, beautiful views, impressive facilities, security, and new features.
Look at lighting and ventilation
A beautiful view is appealing, but selecting the appropriate element is often more crucial. Consider the lighting in the wintertime or the sunlight in the summertime, air circulation, and wind, or the rooms’ proximity to common areas before finalizing the property.
Constantly look at the layout to see how it relates to the north since this will assist you in identifying if the sun comes up and falls with respect to any windows. Personal choices influence the subjective nature of features.
If accessibility is feasible, visit the place during the times of day you’d ordinarily be around to examine how the ambient light looks. It is an excellent approach to make sure you don’t get any unpleasant shocks once you settle in.
Look for basic amenities
A new place must offer basic amenities such as pools, gyms, garbage disposal, and mailboxes inside the buildings. Also, inspect the condition of the apartments and that area, security, and proper security cameras, among others. Security also includes keyless entry, security doors, and lighting in walkways.
Conclusion
Purchasing a property is both a wise and a crucial decision. You will find many available options but, in the end, what will matter is your decision.
If looking to buy a property in Sydney, Quarter Acre is the foremost investment property consultant.
Quarter Acre is there to help you to make a purchase. We are experts in dealing with apartment living and are looking forward to helping you. Get in touch today and complete your dream of buying property in Sydney.
