r/AusProperty 12h ago

WA Perth joins the house price correction with Cotality data showing the start of a significant downturn

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15 Upvotes

r/AusProperty 13h ago

NSW Is a $1,210 quote for benchtop burn marks repair reasonable at end of lease?

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15 Upvotes

Hi guys,

My rental lease just ended. Rental agent sent through a quote for $1,210 to repair the benchtop burn mark. Is this price reasonable? It appears to be engineered benchtop.

They said it would take 6 hours to complete. The repair info provided by the repair company is attached as well.

Thanks.


r/AusProperty 14h ago

NSW Rental process Sydney

3 Upvotes

Hi all,
I am relocating to Sydney in a couple of months and just want to know about the process & what to prepare for in terms of finding a rental.
I’m a mid 30s single female with a job lined up in Macquarie park and will be looking in areas easily commutable (ideally cycleable!) with a budget of around $800pw.
Some things about me:
- kiwi citizen but lived in UK for the last decade
- extensive rental experience in London & Edinburgh with great refs
- after a 2 bedroom/1 bath/ 1 car park ideally and some kind of outdoor area
- I have a small dog who was raised in apartments. Do people disclose their dogs in Sydney or just sneak them in? In London especially most dog owners I knew never told their landlords and just hid them. I don’t mind doing this but would prefer to be honest - is having a dog going to make my search harder? He has great references too! And I’ll be working hybrid so he will rarely be left.

Any words of wisdom (or misery - lbh this is reddit) let me know.


r/AusProperty 49m ago

Finance What's the biggest repayment increase you've personally seen after a fixed rate expired?

Upvotes

The media keeps talking about the mortgage cliff, but I'm more interested in real numbers.

I've seen examples ranging from a few hundred dollars a month to well over $1,000.

If you've rolled off a fixed rate:

What was your old rate?

What did it reset to?

How much did your monthly repayment increase?

I went down a rabbit hole researching it and some of the numbers were honestly pretty brutal.

Put the breakdown together here if anyone wants to compare their situation:

https://youtu.be/BjyEP__0evQ


r/AusProperty 19h ago

QLD Home based salon pod

0 Upvotes

I'm hoping this is the right sub!

Location: Cairns

Budget: 20-30k

My wife runs a home based beauty salon and we have recently purchased a property in Cairns. What we would like to do is have a separate building on our property that she can work out of. These are by appointment only, and parking etc is not an issue.

We're looking at these "office pods" that are classed as relocatable buildings and it's my understanding that these can be used but I'm getting conflicting answers. I've spoken with council and they haven't been very helpful.

Or are we better off building an structure and getting Class 1A certification?

Does anyone have any experience with this?


r/AusProperty 19h ago

Investing Should I keep my current house as a rental instead of selling it?

10 Upvotes

I'm looking for some opinions on my situation.

My wife and I have been trying to sell the house we've lived in for the last 10 years so we can upgrade to a home in the low-$1 million range. Our current house has been on the market for over 5 weeks and hasn't sold. It's currently listed at $849,000, which is already $50,000 lower than our original asking price.

We haven't had a huge amount of interest, and looking at other properties coming onto the market nearby, it feels like we may need to reduce the price even further to stay competitive.

Because of that, we're starting to wonder whether it makes more sense to keep the house as an investment property and rent it out instead of selling at a price we're unhappy with. We could then buy another home, even if it means moving a bit further away.

Our financial situation is roughly:

* Remaining mortgage on current home: about $130,000

* Available redraw: about $210,000

* Maximum budget for a new home would probably be around $850,000 if we really stretched ourselves

* Current home would likely rent for around $650-$700 per week

One thing is that we're planning to have children soon. There's a good chance my wife will stop working for a period of time after having a baby, which makes me a bit nervous about taking on too much debt.

I've also never been a landlord before, so the idea of managing a rental property comes with a lot of uncertainty and risk in my mind.

If you were in my position, would you keep the current property as a rental and buy another home, or would you play it safe, sell the current house, and then move into the new place?

I'd be interested to hear from people who have faced a similar decision.


r/AusProperty 1h ago

QLD Break lease and readvertising

Upvotes

Located in QLD. So I broke my lease without grounds and provided them the two weeks notice of my vacate. I gave this notice on Friday 17 July so my vacate day is 31 July.

They told me the break lease fee is 3 weeks due to how far I am in the term. I paid them the 3 weeks just so I don’t have to worry about it later (moving costs 😅) and expect a refund for any overpayment.

But I know the RTA website says tenant is liable for the lesser of the rent until somebody moves in, or the 3 week fee. And also that the agent must make reasonable actions to mitigate any costs tenant incurs.

I emailed them yesterday asking when the property will be advertised and they said they thought they did it Monday but it must not have worked. Apparently she’s new to it and somebody else in team usually does the ads.

It’s now Thursday morning and still no advertisement.. at what point does it become unreasonable? It’s nearly a whole week since I gave notice and it’s still not advertised.


r/AusProperty 23h ago

WA 'Like a desert': Conditions cool in hottest capital city, but there's a catch

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0 Upvotes

The Perth property market is having a significant downturn as supply has increased nearly 5x since December. As much as REA'S have tried to convince buyers that Perth property is more valuable than Sydney, Melbourne and Brisbane this is not the case according to the Cotality data. I won't be surprised to see many in the Negative Equity territory soon.


r/AusProperty 21h ago

NSW What to do with an unused car space?

9 Upvotes

I have just rented an apartment that comes with a covered car space. While this is nice, I do not drive and I do not have a car. I asked the agent if I could forgo the car space for a reduction in rent, and was told that the car space came with the apartment, but that I could try to lease it out to other tenants if I wanted.

Thus far in my life I have lived in high-rise apartment complexes with no parking so I am a little out of my depth trying to figure out what to do with this. To make it even worse, I am one of those dirty New Zealanders and arrived here last week so I am unfamiliar with Aus/NSW laws regarding this kind of thing.

Has anyone had experience with this? Are there any risks with trying to lease the space out to someone else (e.g. if they smash their car into the building while using the parking space am I liable?)? Are there differences if it is someone from the same apartment complex versus someone outside the apartment complex? And, how much would be a reasonable price to set per week/month (this is in Newtown, Sydney)?

As far as I can tell there is no fob or anything needed to access the parking space, so needing to arrange extra fobs shouldn't be a problem.

I've seen people list parking spaces on real estate websites, but I'm not sure if that would be too heavy handed an approach for something like this.


r/AusProperty 12h ago

VIC Need honest advice on these Melbourne suburbs

2 Upvotes

Hi everyone,

My partner and I recently migrated to Melbourne, and we're looking to buy our first home. Since we're still new to Victoria, we'd really appreciate advice from people who know these areas well.

Our main priorities are:

- A safe and secure neighbourhood.

- A reasonable commute to the Melbourne CBD (I'll be travelling to the city 4 days a week).

- Good amenities nearby, such as supermarkets, cafés, gyms, parks, and other everyday conveniences.

- A welcoming community where newcomers can feel comfortable.

This weekend, we have house inspections in:

- Macleod

- Ringwood East

- Ringwood North

- Forest Hill

- Mitcham

- Oak Park

I'd love to hear your thoughts on these suburbs, especially regarding:

  1. Safety and overall neighbourhood feel.

  2. Any challenges or things migrants should be aware of.

  3. Peak-hour traffic and commuting to the CBD (both driving and public transport).

  4. Access to shops, cafés, gyms, and other facilities.

  5. Any other pros and cons you think are important for first-home buyers.

If you had to rate these suburbs overall for a recently migrated couple, how would you rank them, and why?

Our current rental lease ends in the first week of September, so we're hoping to make a decision before then. This is a big step for us, and your local knowledge and honest opinions would really help us make the right choice.

Thank you so much in advance!


r/AusProperty 13h ago

NSW Sydney Rental Market

2 Upvotes

A friend and I are currently in NZ and everyone we know is moving to Aus after graduating. I was interested in Sydney but keep seeing mixed comments about finding housing and rentals in Sydney, what is the actual market like at different times of the year? If I have NZ bank statements and some payslips from work here, what type of paperwork should I begin preparing?


r/AusProperty 15h ago

Renovation I-build kit homes?

2 Upvotes

Anybody have any experience with this company?

https://i-build.com.au/

Seems like they push out a lot of homes but very little online reviews from buyers beyond ibuilds published testimonies.