Share your experience in buying a property

atchino · August 2014

Anyone here looking to buy a property or just recently bought a property please share your experience and informations.

1. Location / name of the developer.
2. News about upcoming development in your area.
3. News from property developer about upcoming releases
4.

I know we can look at realestate or domain website for house for sale but it is different if the iformation came from someone who lives in the area or already spoken to agents and developers and got first hand information.

Places you can visit:
- Display homes in Kellyville / The Ponds / Glenfield
- Heard new developments in South (ex: oran park / glenfield area ...) and in West or North west area (ex: somewhere near Penrith and Richmond).

I have not heard of any new development in north or around central coast.

Found a free tickets you might be intersted for "Grand Design Live home show" (not sure until when the promo code will work - already secured my FREE ticket). Not even sure if I cna go or if I need to go ... It's FREE ticket anyway.

Details found in this link:
http://yzzymae.blogspot.com.au/2014/08/free-ticket-to-grand-designs-live-home.html

anastacia0228 · August 2014

Sana yung mga may experiences on buying properties, share naman po kayo.. and tips how where you able to have your first "home".. sa mga naririnig ko, 450K na, land plang yun

may alam ba kayong suburb na mura-mura? btw, first-home buyer here.. So gusto ko sana makuha yung govt grant, so most likely brandnew po tinatarget ko, pero worth it po ba na brand new kunin just for the govt grant? Saka baka may alam kayong murang interest lang na bank for home/construction loan, share na ren po

atchino · August 2014

Meron ka pedeng makita na mga from 330k na land if you look 40kms + away sa city. Depende sa laki ng lupa.

expect building a house around 200k+

Kung 450k land price na target mo + around 200k+ to build a house = toal cost or loan will be around 650k na.

Check how much deposit you have to work out how much you need to borrow to know if you cna afford the proprty.

With or with out the grant.... the first home buyer grant benefits the seller not the buyer. Every time government provide assistance to property buyers, the seller put up more than the grant given by government (just my observation).

If you are looking for building house, make sure you alot around 30k-100k for the finishing as the quote provided by the builder are just basics and not what you see on display homes.

anastacia0228 · September 2014

salamat sa inputs @atchino

appreciated po!
grabe na pla talaga mahal ng properties sa au.. sana po makahanap kame ng murang property..

sa mga iba po, baka may alam kayo na subdivisions na may slots pa, we prefer sana sa western side

we are open for standalone houses and townhouses

Pag nag-agent po ba, is it recommendable? Malaki ren po ba ang bayad sa kanila? Or we can do it on our own naman na?

Sana po may makapagAdvise sa amin as we are new in AU and so with buying property in AU

God bless us all always!

atchino · September 2014

salamat sa inputs @atchino appreciated po!
grabe na pla talaga mahal ng properties sa au.. sana po makahanap kame ng murang property..

sa mga iba po, baka may alam kayo na subdivisions na may slots pa, we prefer sana sa western side we are open for standalone houses and townhouses

Pag nag-agent po ba, is it recommendable? Malaki ren po ba ang bayad sa kanila? Or we can do it on our own naman na?

Sana po may makapagAdvise sa amin as we are new in AU and so with buying property in AU

God bless us all always!

May percentage /comission ang agent kung kukuha ka ng "Buyers" agent. Sila mag represent sayo kung bibili ka property at tulungan ka mag hanap ng property or sila mag represent sayo kung aatend ka ng Auction. Pwede naman na kayo lang ang mag asikaso para makatipid.

TasBurrfoot · September 2014

salamat sa inputs @atchino appreciated po!
grabe na pla talaga mahal ng properties sa au.. sana po makahanap kame ng murang property..

sa mga iba po, baka may alam kayo na subdivisions na may slots pa, we prefer sana sa western side we are open for standalone houses and townhouses

Pag nag-agent po ba, is it recommendable? Malaki ren po ba ang bayad sa kanila? Or we can do it on our own naman na?

Sana po may makapagAdvise sa amin as we are new in AU and so with buying property in AU

God bless us all always!

May percentage /comission ang agent kung kukuha ka ng "Buyers" agent. Sila mag represent sayo kung bibili ka property at tulungan ka mag hanap ng property or sila mag represent sayo kung aatend ka ng Auction. Pwede naman na kayo lang ang mag asikaso para makatipid.

amongst my friends who got their own houses, i never heard of anyone getting a buyers agent... yeah added gastos din, not sure how much but say they charge 50bps - you are gonna pay them $2500 for a $500k house...

for what? advise lang ata mabibigay nila... you can always do your own research.

TasBurrfoot · September 2014

salamat sa inputs @atchino appreciated po!
grabe na pla talaga mahal ng properties sa au.. sana po makahanap kame ng murang property..

sa mga iba po, baka may alam kayo na subdivisions na may slots pa, we prefer sana sa western side we are open for standalone houses and townhouses

Pag nag-agent po ba, is it recommendable? Malaki ren po ba ang bayad sa kanila? Or we can do it on our own naman na?

Sana po may makapagAdvise sa amin as we are new in AU and so with buying property in AU

God bless us all always!

May percentage /comission ang agent kung kukuha ka ng "Buyers" agent. Sila mag represent sayo kung bibili ka property at tulungan ka mag hanap ng property or sila mag represent sayo kung aatend ka ng Auction. Pwede naman na kayo lang ang mag asikaso para makatipid.
amongst my friends who got their own houses, i never heard of anyone getting a buyers agent... yeah added gastos din, not sure how much but say they charge 50bps - you are gonna pay them $2500 for a $500k house...

for what? advise lang ata mabibigay nila... you can always do your own research.

RE: buyer's agent or buyer's advocate: 50bps was very conservative rather they charge as per below:

Our competitive fee structure works on a % based on the type of service required and the value of the property, however we are happy to quote a fixed fee for our service if required. Our fee structure are as follows:

An initial registration fee of $990 (incl. GST) to commence the process. This is fully deducted from the success fee once the property is secured.
Full Search & Acqusition Service is between 1.65% to 2.75% (incl. GST) of the purchase price.
Negotiation & Auction Bidding Service is 1.1% (incl. GST) of the purchase price.

2.75% of $500K is a whopping $13,750...

WOW!! Stamp duty na iyon!!

cholle · September 2014

My cousin in Sydney has bought / built his first house in Colebee, sa Stonecutters Ridge. I'll probably ask him when I arrive next month what the figures are like plus what he had to do, just to have an idea. He got me a ticket rin pala to Grand Design Live in Sydney.

atchino · September 2014

Development in Colebee is a bit expensive.. owned by Greg Norman (golfer) and has a gold course. You will be paying higher strata to maintain the golf course even if you don't use it.

If someone wants to go to "Grand Design Live in Sydney" this Oct-24-26.

FREE ticket to "Grand Design Live in Sydney"

Promo code still works...

Refer to link:
http://yzzymae.blogspot.com.au/2014/08/free-ticket-to-grand-designs-live-home.html

cholle · September 2014

@atchino Yeah, premium property siya, yung may golf course. May mga lots pa ata yung development, nasa website nila yung info. I find it really inspiring; my cousin only moved to Australia six years ago, pero pangalawa o pangatlong property niya na ata yan (may commercial pa siyang isa). Need to find out how he managed to do it and learn from him.

vhoythoy · September 2014

@atchino Yeah, premium property siya, yung may golf course. May mga lots pa ata yung development, nasa website nila yung info. I find it really inspiring; my cousin only moved to Australia six years ago, pero pangalawa o pangatlong property niya na ata yan (may commercial pa siyang isa). Need to find out how he managed to do it and learn from him.

Tanong mo tapos share ka ng tips

TasBurrfoot · September 2014

@atchino Yeah, premium property siya, yung may golf course. May mga lots pa ata yung development, nasa website nila yung info. I find it really inspiring; my cousin only moved to Australia six years ago, pero pangalawa o pangatlong property niya na ata yan (may commercial pa siyang isa). Need to find out how he managed to do it and learn from him.

By leverage!

Learning the finer details on this type of investment din... who knows!

atchino · September 2014

@atchino Yeah, premium property siya, yung may golf course. May mga lots pa ata yung development, nasa website nila yung info. I find it really inspiring; my cousin only moved to Australia six years ago, pero pangalawa o pangatlong property niya na ata yan (may commercial pa siyang isa). Need to find out how he managed to do it and learn from him.

Most likely nasa 400-450k+ yung land palang.
Cost pa ng house maybe another 300-350k.
Cguro from 750k house and land.

If 6 yrs ago, mura pa property biglang tumaas property kaya may equity sya to buy another investment property... na inflate ng foreign/chinese buyer.

Meron nga dito nababalita na entire building was funded by chinese tpos binebenta lang din nila ung property sa mga chinese.

Related article:

http://www.smh.com.au/comment/grey-money-from-china-helps-blow-our-property-bubble-20140928-10n7a8.html?utm_source=social&utm_medium=facebook&utm_campaign=nc&eid=socialn:fac-13omn1676-edtrl-other:nnn-17/02/2014-edtrs_socialshare-all-nnn-nnn-vars-o

cholle · September 2014

Simply put, buying at the right place at the right time.

arlene5781 · October 2014

I tried the link wla na po complimentary pass :-( baka meron po gusto mag giveup super keen na po kmi buy house and start house hunting pa Pm naman po :-)

cholle · October 2014

@arlene5781 Try the promo code URCREATIVE (that's what we used)

arlene5781 · October 2014

@cholle sis accepted sya kaso wla na complementary. Sensya na ha kasi available yung concession or general admission na lang tapos i was asked to pay :-( ganun din b sa iyo?

Salamat po

cholle · October 2014

@arlene5781 ay baka naubos na nga yung allocation. malapit na kasi yung event eh. yung sa amin kasi matagal na namin 'to binili. aww sayang

arlene5781 · October 2014

@cholle oo nga sis, d bale baka meron pa promocode lumabas :-) thanks sis

arlene5781 · November 2014

Ask lng po sana ako advice meron po kmi nakita location around glenfield, ask ko lng po ano po ba ang mas most cost efficient way? Bumili ng lot at magpatayo? bumili na po ng gawa na pero brand new? Or mag kuha ng off the plan tapos gagawin pa lang. Sana may makasagot po. Pa share naman po ng experience nyo

atchino · November 2014

may name dun sa PASS

Ask lng po sana ako advice meron po kmi nakita location around glenfield, ask ko lng po ano po ba ang mas most cost efficient way? Bumili ng lot at magpatayo? bumili na po ng gawa na pero brand new? Or mag kuha ng off the plan tapos gagawin pa lang. Sana may makasagot po. Pa share naman po ng experience nyo

Mahirap i compare.

Mag kakaiba kasi ng arrangement / charges / timeline to move in.

Kung gusto mo na matirhan kaagad - bumili ka ng gawa na paa hindi ka nag babayad ng rent habang pinapatayo mo ung bahay.

Kung gusto mo na cutomize yung design ng house - buy lot then build.
Ibang developer pag nag benta ng hous nad land package... may mga additional expenses kung i papamodify mo yung layout/plan.

Kung gusto mo na hindi masyado nag iintindi ng design pero baging bahay - kuninmo yung off the plan na may design na at ayos na layout para di ka na magiisip masyado sa detalya ng ipapagawa mo.

Bawat may ipapabago ka or idagdag, syempre may additional cost.

TasBurrfoot · November 2014

Ask lng po sana ako advice meron po kmi nakita location around glenfield, ask ko lng po ano po ba ang mas most cost efficient way? Bumili ng lot at magpatayo? bumili na po ng gawa na pero brand new? Or mag kuha ng off the plan tapos gagawin pa lang. Sana may makasagot po. Pa share naman po ng experience nyo

it is probably cheaper to buy an established property...

just make sure the house is still ok.

arlene5781 · November 2014

thanks po @atchino and @TasBurrfoot may napupusuan na po kmi sa Edmondson Park sana nga po ok

atchino · November 2014

thanks po @atchino and @TasBurrfoot may napupusuan na po kmi sa Edmondson Park sana nga po ok

Ano price range sa Edmondson park?

Medyo malayo layo na rin. Pero buti may bagong train station yata sa ara na yan kaa ok na rin kahit walang direct to city.

arlene5781 · November 2014

@atchino nasa 500k plus n for 2 storey 4 bedroom, actually po mahirap makakuha ng lot kaya nag land and house package po last option namin

vhoythoy · November 2014

@atchino nasa 500k plus n for 2 storey 4 bedroom, actually po mahirap makakuha ng lot kaya nag land and house package po last option namin

sino developer nyo pla?

atchino · November 2014

@atchino nasa 500k plus n for 2 storey 4 bedroom, actually po mahirap makakuha ng lot kaya nag land and house package po last option namin

Ano size ng land?
Naka pag deposit na kayo?

Malapit lang ba sa train station ng edmondston?

Just wondering if nag wowork ka sa city or sa north ryde/chatswood... gano katagal byahe

engr_boy · November 2014

If 6 yrs ago, mura pa property biglang tumaas property kaya may equity sya to buy another investment property... na inflate ng foreign/chinese buyer.

Meron nga dito nababalita na entire building was funded by chinese tpos binebenta lang din nila ung property sa mga chinese.

Related article:

http://www.smh.com.au/comment/grey-money-from-china-helps-blow-our-property-bubble-20140928-10n7a8.html?

wow the next superpower is busy grabbing everything, from iraqi oilfields to western australian raw materials. china has it's hands on everything. even small west ph sea islands.

@-) ^:)^

cholle · November 2014

If 6 yrs ago, mura pa property biglang tumaas property kaya may equity sya to buy another investment property... na inflate ng foreign/chinese buyer.

Meron nga dito nababalita na entire building was funded by chinese tpos binebenta lang din nila ung property sa mga chinese.

Related article:

http://www.smh.com.au/comment/grey-money-from-china-helps-blow-our-property-bubble-20140928-10n7a8.html?
wow the next superpower is busy grabbing everything, from iraqi oilfields to western australian raw materials. china has it's hands on everything. even small west ph sea islands.

@-) ^:)^

Come to think of it, etong building kung saan ako nakatira ngayon, ang sabi sakin ng landlord ko halos puro Chinese ang nakabili. Alam nilang mura pa ngayon dito dahil nga may bad reputation yung lugar pero sobrang ganda ng location. Mukhang magmamahal na rito within the next few years!

legato09 · November 2014

we've done several visits sa mga model houses, accompanying a friend whos in the midst of finding their house, so parang learning experience na din and mas matanong pa ako dun sa bibili ;-)

Dun sa mga model houses na nakita namin mostly if not 90% sa loob nung bahay ay upgraded, so kung yung package nya to build it lets say 290K, starting lang sya and 100% basic lang ang content nya, may mga upgrade packages naman na available, like top up ka 10K or 20K or even 40K and you will have this and you will have that.....

Kung Lot naman, may ilan na din kami pinuntahan and ang requirements nga within a year dapat matayuan na sya ng bahay...and make sure yung plan nung bahay eh yun na yung gusto nyo kasi kapag na submit na sya for approval then all of sudden meron kayo gusto baguhin, another approval na naman sya and they even mention sometime even the smaller details kailangan i-pa approve ulit.

Kung Off The Plan naman, watch out for the Sunset date ;-) and watch out for progress payment, kung okay sa inyo so wala naman problema. Pero mostly naman down payment during start then the rest is during the settlement.

Pre-Approval and Formal Approval, usapang loan na ito ;-). Before house hunting mag pa pre-approval muna kayo dun sa acceptable range ng presyo ng bahay na gusto nyo to see your borrowing capacity. Kung Off-the-Plan hindi pa recommended na kumuha ng Formal approval kasi 6mths lang sya valid, pero depende sa inyo kung gusto nyo nang formal para sure kayo na meron magpapautang, depende din sa sunset date, pero after 6mths ipapa re-new sya yun eh kung hindi papasok sa sunset date ang validity nung formal approval. yung loanable amount is depende sa percentage na dapat mo hiramin, meron up to 97% nung presyo nung bahay(95% is Loanable Amount, 5% downpayment mo, 2% is for the LMI). Meron 5%, 10% downpayment in that sense magbabayad ka ng LMI Loan Mortgage Insurance, kung 20% ang downpayment wala na LMI ;-)

Variable Rate, Comparison and etc.....yang ang inaaral ko pa ;-)

atchino · November 2014

we've done several visits sa mga model houses, accompanying a friend whos in the midst of finding their house, so parang learning experience na din and mas matanong pa ako dun sa bibili ;-)

Dun sa mga model houses na nakita namin mostly if not 90% sa loob nung bahay ay upgraded, so kung yung package nya to build it lets say 290K, starting lang sya and 100% basic lang ang content nya, may mga upgrade packages naman na available, like top up ka 10K or 20K or even 40K and you will have this and you will have that.....

Kung Lot naman, may ilan na din kami pinuntahan and ang requirements nga within a year dapat matayuan na sya ng bahay...and make sure yung plan nung bahay eh yun na yung gusto nyo kasi kapag na submit na sya for approval then all of sudden meron kayo gusto baguhin, another approval na naman sya and they even mention sometime even the smaller details kailangan i-pa approve ulit.

Kung Off The Plan naman, watch out for the Sunset date ;-) and watch out for progress payment, kung okay sa inyo so wala naman problema. Pero mostly naman down payment during start then the rest is during the settlement.

Pre-Approval and Formal Approval, usapang loan na ito ;-). Before house hunting mag pa pre-approval muna kayo dun sa acceptable range ng presyo ng bahay na gusto nyo to see your borrowing capacity. Kung Off-the-Plan hindi pa recommended na kumuha ng Formal approval kasi 6mths lang sya valid, pero depende sa inyo kung gusto nyo nang formal para sure kayo na meron magpapautang, depende din sa sunset date, pero after 6mths ipapa re-new sya yun eh kung hindi papasok sa sunset date ang validity nung formal approval. yung loanable amount is depende sa percentage na dapat mo hiramin, meron up to 97% nung presyo nung bahay(95% is Loanable Amount, 5% downpayment mo, 2% is for the LMI). Meron 5%, 10% downpayment in that sense magbabayad ka ng LMI Loan Mortgage Insurance, kung 20% ang downpayment wala na LMI ;-)

Variable Rate, Comparison and etc.....yang ang inaaral ko pa ;-)

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