Here today for you to sort out 5 frequently asked questions about the Australian apartment, after reading the article, I hope you can suddenly open up!
1. What do you think of the apartment area?
Apartments in Australia do not have a public space, all of which are in-house area, with the area of the room and the area of the balcony (or the attic, cellar) being listed separately.
The real estate industry will consider the area of the wall, including the exclusive outer wall area of the apartment, the midline area of the interior wall shared with other families, and the decorated interior wall area shared with the public area (such as corridors).
When evaluating, the bank only takes into account the area within the wall. The difference in standard makes the area of bank valuation smaller than that marked by seller, which affects the bank valuation (source Financial Review).).
The apartment design standard specified by government also takes into account only the area inside the wall when it comes to area. The wardrobe area is not included in the bedroom area and is extra (source: Victoria Planning Authority).)
As for "how much per square", because the apartment is sold by set, including indoor area and balcony area, buyers can calculate according to the indoor area or total area.
Even in the same type, with the increase of floors, the original outdoor space will be closed into the room to prevent the occurrence of problems such as falling from high altitude.
two. How do you choose the apartment?
Look at the situation. The "In the southern hemisphere, Australia is the most abundant in the north, so the north-facing family is the best." should be well-known. In fact, it is not necessary to be particularly binding on this.
Light is not everything towards it!
Melbourne`s Docklands, for example, is a place where apartments are concentrated, with Docklands Harbour facing west and Port Melbourne Beach facing south. Facing west and south is generally considered an unsatisfactory direction of lighting, but because the special view can sell for a better price. In Australia, where there is plenty of sunshine, people are more concerned about how to protect themselves from the sun. More importantly, as Australians are used to, the sun will not stay indoors at all, but will sunbathe on the green space and the beach.
Moreover, because of the "good lighting in the north", Chaobei Huxing tends to sell at a higher price. If you pay for value for money, it is a matter of careful consideration to pay more than a hundred thousand Australian dollars for more sunshine. Based on past experience, an apartment project with a full range of orientations has been released, with the first to be sold in the first place towards the really good and the most economic, while the rest will be sold gently and slowly. Therefore, when looking for opportunities in the end with the mentality of picking up leakage, the real opportunities are often long gone.
3. If there is a property fee in the apartment, will it lead to a high cost of holding?
Maybe. Apartment property costs are divided into two parts, maintenance costs and maintenance costs. The former is used for the maintenance of daily facilities and the latter for the repair of damaged facilities. Because the property management department can not wait for things to break before temporarily collecting money from the owner to repair, usually need to collect some more money to save in case of a rainy day. If the apartment because of the high cost of maintenance and high property costs, then it can be said to be value for money. For example, a gym card of about A $1400 a year, if owners can use the apartment for free, then it is a good deal for people who like to go to the gym.
If that apartment is high because of the high maintenance cost, it is not necessary. The facilities are damaged frequently, indicating the quality of the apartment, the quality of the household and the problems of property management. The cost of these costs does not result in a corresponding return, but will affect the quality of life of the owner or the tenant from the frequent damage of the facility.
Generally speaking, the cost of high-rise property is higher than that of low-rise property. Because of the large number of people, high frequency of use of facilities, easy to damage. The cost of allowing short rent (Airbnb) is higher than that of non-allowed property. Because of frequent household changes, Victoria has moved to impose higher property fees on owners who operate short rents. The cost of poor quality is higher than that of good quality. In an Australian market with a penny and a penny, the price you take when you buy it tends to make up for the rapidly rising fees behind it. I have seen two-bedroom low-rise apartments with no facilities except elevators. The annual property fee is as much as A $6400. The old one costs more than the new property. This is easy to understand, the old need to repair much more places than the new.
4. Why do apartments like to have gym, swimming pool and other facilities now?
Because the facilities are easy to sell. Otherwise, developers to take space to build a few more apartments out of the sale is not better? For instance, a 20-70-floor apartment building with hundreds of thousands of residents who don`t have a gym in it needs to go out and look for a gym.
5. Always feel that it is more cost-effective to buy an old apartment, is the price of the new apartment overpriced?
The main reason for the feeling that prices are overpriced is that prices are likely to fall when they are bought for a change of hands. This is actually a unique situation around the city center, not because of "new", but because the supply is in excess of demand. A large number of newly built apartments, especially the large number of high-rise apartments into the market, naturally easy to cause house prices to decline. The oversupply of: Financial Review) has ceased to exist as the approval of new apartments continues to decline.
In addition, real estate is a long-term investment, not held long enough, its appreciation characteristics are difficult to reflect. However, this does not mean that the old apartment must be affordable. In addition to the property fees mentioned just now, if some of the new apartments were set up before 2017, using criticized old apartment standards. The old apartment must be the old standard, which means that the new apartment is not as good as the new standard in terms of area, lighting, energy saving, heat preservation, sound insulation and so on. The impact of these gaps on self-housing and rental can not be ignored.
The old standard is not only reflected in the quality of living, but also reflected in bank loans. Banks do not approve loans for old apartments, even those of good quality, for reasons such as indoor area.
(source: Financial Review)
Finally, it takes a lot of effort to manage an old apartment if you rent it out.
At this point, the landlord I know can be said to have skin pain. Her old apartment needs to be dealt with for three or two days because of various problems, including, but not limited to, leakage, lack of gas, damage to the wall, etc. Although it is not a big problem every time, it takes a lot of time to deal with and have people repair it frequently. It took 1.5 months to entrust to the rental agent to deal with it. Do you just have to sit at home and collect rent?
