Property Tips
Moving House with Young Children Without the Stress
Moving home can be an exciting time. There is an opportunity to move to a better home that suits your growing family. However, moving with young children can have its
1 October 2023
Buying a Property in SE Qld
Do you want to buy in South East Queensland? True Power Realty helps home buyers and investors buy properties that are the right fit. We specialise in houses, townhouses, and apartments in Brisbane, Ipswich, Logan City, the Bayside, and Moreton Bay.
BROWSE THROUGH
Our Property Listings
current
- 4
- 3
- 4
current
- 2
- 2
- 1
Apartment for Sale
606/428 Hamilton Road, Chermside QLD 4032
sold
- 3
- 1
- 2
House for Sale
20 Abdale St, Wavell Heights
The True Power Difference
We take care because we care. When it comes to the Brisbane real estate market, we provide the best advice tailored to your needs.
What Our Clients Say
Previous
Next
Frequently Asked Questions
The decision to buy a house in Brisbane should be based on a combination of market research, affordability, and personal circumstances. It’s important to have up to date knowledge of the Brisbane market before making an offer.
True Power Realty are your local real estate agents. We specialise in buying, selling, and renting property across Brisbane, Logan City, the Bayside, Moreton Bay, and Ipswich.
Investing in a Brisbane property can be a good financial decision where the right property is selected and it is kept in good condition. Well cared for properties in suburbs with high demand will produce a reliable rental income stream and increase in capital value over time.
Before investing in Brisbane or the wider South East Queensland region, it is essential to seek advice from a professional property agent.
Like your home your investment property will need some maintenance from time to time.
It’s a good idea to budget for fixed ongoing costs and also preparing for unexpected costs is a wise move. These costs can include blocked drains, fixing a broken dishwasher, or replacing a hot water system.
Landlord’s insurance is an essential part of owning an investment property and will offer cover for the building and various contents in the home such as the window dressings and carpets.
Also, your landlord insurance may cover you for damage caused by tenants, but it may not cover you for damage caused by their guests. At True Power Realty we work amazingly hard on our marketing and tenant selection for your property to absolutely minimise the risk of any such tenant related matters.
Best Buyers Agent Brisbane
Local Property Experts
True Power Realty are your local property experts and we provide advice on current market conditions. For example, we advise on the number of rental properties in your preferred suburb or area. As a rule of thumb, it’s not a good idea to invest in a suburb with a high number of rental properties as there can be excess supply or lower rental income growth.
True Power Realty also advises investors on a suburb or regions characteristics. This includes tenant demand for specific property types such as houses, townhouses, and apartments. It also includes demand for properties in school zones, local amenities such as parks, and services such as shopping centres and medical facilities.
The checklist
Buying a House in Qld Checklist
When looking for an investment property in Brisbane or the SE Queensland region, it’s important to factor in the market demand for rental properties and the entry cost of buying the property .
Carrying costs also need to be factored in. These costs can include:
- Annual smoke alarm checks
- Body corporate rates
- Building insurance
- Commercial cleans between tenancies
- Investment property interest rates
- Landlord insurance
- Property maintenance and repairs
- Property management
- Queensland land tax
- Rental property marketing fees when changing tenants
- Solar panel cleaning and maintenance
- Termite and pest control
- Water rates
Need Expert Advice on Brisbane Investment Properties?
Professional Real Estate Agent
This is where investing in a Brisbane buyer agent and then a quality property manager can pay dividends. True Power Realty can help you navigate the property market with our buyer’s agent services.
After you have purchased your property, we offer bespoke Qld property management. This includes vetting tenant applications, helping you to choose considerate tenants, and providing ongoing management to protect your asset.
True Power Realty is also proactive with rental increases in line with market demand. We have your best interests at heart, value you as a client and supporter of our business and will never treat you like a number.
Top Ten Tips for Buying Property in Brisbane
Buying a property in Brisbane is a significant investment. It’s important to take your time, do thorough research, and seek professional advice when needed.
We take care because we care
The top 10 tips for buying property include:
Research the Property Market
Have a good idea of the property prices and market trends so that you can make informed decisions.
Set a Realistic Budget
Ensure your budget includes the down payment, mortgage costs, and ongoing expenses like property taxes and maintenance.
Choose the Right Location
Brisbane is a diverse city with a wide variety of characteristics. When choosing a location consider the proximity to amenities, schools, transportation, and employment.
Hire a Reputable Real Estate Agent
Work with a Brisbane property expert who provides valuable insights and the pros and cons of shortlisted properties. A good agent can also negotiate on your behalf and guide you through the buying process.
Pre Purchase Building and Pest Inspection Brisbane
Always inspect a property with a building inspector and a termite and pest inspector before finalising a purchase. These inspections are not only about identifying any defects, pest infestations, or maintenance issues, they are also a great opportunity to get expert advice on your future plans for your new property. This will help you avoid costly surprises later on.
Consider Future Capital Growth
Look for areas that have potential for growth and development. Consider transportation improvements, new infrastructure projects, or other local council and Queensland Government developments that may impact property values.
Seek Legal Advice
Engage a licenced Queensland solicitor and a conveyancer with good track records. They can review contracts, terms, and conditions, conduct title searches, and ensure a smooth title transfer.
Be Prepared to Negotiate
Don't be afraid to negotiate the price. Be prepared to walk away if the deal doesn't meet your expectations but be open to reasonable counteroffers. Also, be open to options that can get a deal across the line such as vendors who want an extended settlement before they move to their new home.
Understand Strata and Body Corporate Fees
If you're considering an apartment or a property within a strata complex, familiarise yourself with the strata fees and body corporate regulations. Paying for a copy of the recent body corporate annual report is also a smart idea as it will show you if the complex is well managed, and if there are hidden costs.
Seek Financial Advice
Work with a mortgage broker who understands your borrowing capacity and can explore different loan options. A good mortgage broker can then pitch your loan proposal in the best light to the banks. This will help you secure the competitive mortgage rates.
Latest Articles
Read More »
Property Checklists
How to Sell Your Brisbane Investment Property
Selling a residential property requires careful planning and execution to maximise the sales price. To protect your interests, a wide range of professionals should be consulted including: Brisbane Property Sales
1 September 2023
Property Tips
11 Tips To Increase Your Rental Income
Is your investment property underperforming while your land tax, interest rates, and other holding costs going up? True Power Realty helps property investors to increase their rental income and capital
15 August 2023
