New South Wales is filled with great housing opportunities, but the 2028 is one that you’ll want a buyers agent in Double Bay to help you with. The charming area has wide streets, fashion boutiques and alfresco dining opportunities.
High demand and prices make finding houses for sale in Double Bay challenging, but the following tips can help.
How to find the perfect Double Bay property at the best price
Price is always a major consideration when choosing a property to buy. If buyers had an unlimited amount of money to spend, the buying process would be a lot easier. But unfortunately, 99.99% of buyers have a strict budget for their homes.
Finding the best price for a Double Bay property means:
- Working closely with a buyer’s agent that knows the local market and prices
- Be willing to offer concessions, such as not requesting repairs, to get a lower price
- Setting goals for the property you buy
If you go into the buying process without a plan or goals, there’s a good chance that you’ll overpay or won’t find the perfect home that you desire.
A few tips on how to choose the right property
Buying the right property is difficult, but the following tips can help make the process much more straightforward:
- Know how many bedrooms and bathrooms you need
- Consider whether your family will grow in the future
- Visit the area multiple times to know what it’s like in the morning, evening and night
- Go out to eat or grab a drink in the area
- Pay attention to the neighbours. Are kids outside playing? Is the area clean and well kept?
- Check the local crime reports in recent months to gauge safety
- Consider the distance of the home to your work
If you have children, you may also want to consider the vicinity to schools, college campuses and entertainment. A good piece of advice is to stroll through the area and see what it’s like at all hours of the day and night.
When you spend time in the local area, you’ll slowly get a feel of what it’s like to live there.
You should also rely on a property agent that knows the area well because they’ll have an easier time finding properties that are a good fit than you will.
Why knowing a home value is important
Double Bay has high housing prices, with median prices reaching as high as $6 million over the last year. Units in the area have a median 12-month price of $1.6 million, and rent prices are also trending upward.
With over 1,100 people visiting each property before it’s sold, you’ll want to be sure that you know the home’s value before bidding on a property. Knowing the home’s accurate value does a few main things for you:
- You’ll know whether you’re overpaying for a property
- You’ll be able to bid on a property accurately
Knowing a property’s value will save you a lot of money over the long term. Overpaying for a property means that if you ever try to sell it, you may not have enough money from the sale to satisfy the loan.
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