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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the property price movements, fintok and finfluencers, and tax time.

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Steve Waters, director of Right Property Group, chats about the resilience of the property market in Victoria, where another lockdown is currently in place, as well as Westpac’s latest surprising predictions for property price movements.

RMIT’s senior lecturer of finance, Dr Angel Zhong, reveals the rise of fintok and finfluencers and the dangers social media presents to financial markets.

And lastly, tax and super guru Timothy Munro talks about tax time. He reveals what Aussies need to be mindful of as we head towards 30 June, and why some should look at engaging a professional this tax time.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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Is your property undesirable to purchasers?

By Cameron Micallef

July 31 2019
Share

Invest

Is your property undesirable to purchasers?

By Cameron Micallef
July 31 2019

Aussie home owners should be wary of potential property turn-offs before putting their property on the market, according to new research.

Is your property undesirable to purchasers?

By Cameron Micallef

July 31 2019
Share

Aussie home owners should be wary of potential property turn-offs before putting their property on the market, according to new research.

Asbestos and a suburb’s crime rate top a new list, according to comparison site Finder.

More than six in 10 (64 per cent) Australians have admitted in the survey that they would reject a home if it had been built using potentially harmful materials.

The same amount of respondents said a suburb’s high crime rate would turn them away, while a comparable number (61 per cent) indicated that they would rule out a property if it has an odour.

Finder’s money expert, Bessie Hassan, said common turn-offs could be costing investors, due to the potential to shave thousands off a property’s value.

She said, “Buyers can nab a bargain if they’re prepared to think outside the box when coming up with solutions to property bugbears.”

More than half of respondents also refuse to live near a noisy bar or pub, or in a location with bad parking, while others indicated the undesirability of living on a main road.

Ms Hassan conceded that “there’s nothing you can do about living on a main road, but installing high fencing or soundproofing can work wonders”.

Living in close proximity to an industrial estate, flight paths or a brothel also all made the list of undesirable locations.

Ms Hassan urged buyers to be practical when looking for a property.

“Sometimes there’s only so much you can do to improve a property. If you can’t think of a reasonable way to fix it, then it’s best to keep looking,” she offered.

Making a home real estate ready

Finder has offered up a number of ways to improve the desirability of your property:

– Replace the carpets. These absorb years of dirt, stains and general grime, which can start to smell and look shabby over time.

– Spruce up the halls with a fresh coat of paint. Not only will this hide dirt and scuff marks, a lighter colour can transform a dingy space.

– Get your green thumb on. Despite not making Finder’s list, having a scraggly and unkempt garden can also be off-putting for potential buyers. Mow the lawn, pull out any weeds and clear leaf matter out of the gutters.

– Use a high-pressure hose. For houses made of brick, this is a simple yet effective way to get rid of any dirt or moss that has built up over the years.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron Micallef

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