‘In 2018, I will’ – How to reach your real estate goals this year
Be realistic, write it down, track your progress – there are many steps we can take to ensure we reach our goals.
One of the most important, however, is finding the right person to join you in your dreams.
At Nelson Alexander, we’ve been helping Melburnians achieve their real estate goals for more than 45 years. Whatever you have planned for 2018, we want to be a part of it.
In 2018 I will …
Buy my first home
With recent changes to stamp duty and First Home Owners Grant in Victoria, there has never been a better time to nab your slice of prime Melbourne real estate.
Buying your first home, however, comes with a unique set of challenges and you’ll need an experienced agent to help navigate the process. From finding your dream home to negotiating your offer and organising the details, you need someone you can trust by your side.
Downsize to something smaller
In order to reduce pressure on housing affordability, the 2017-18 Budget has made it easier for people to downsize. From 1 July 2018, people aged 65 and over will be able to make a post-tax contribution into their super of up to $300,000 from the proceeds of selling their home.
This new special ‘downsizing cap’ will allow older Australians to get into more suitable homes and free up larger, family homes for the next generation.
The team at Nelson Alexander can help you learn more about selling your home and taking advantage of this new measure.
Become an investor
If lending restrictions made you hesitate in 2017, make sure 2018 is the year you enjoy the benefits of owning your first investment property.
Melbourne’s property market continued to boom in 2017, recording growth of 10.10 per cent (for all dwellings) for the year to November, according to CoreLogic. With the city rapidly adding to its list of distinguished million-dollar suburbs, there’s never been a better time to buy.
Where should you look? The Real Estate Institute of Victoria ranks several inner Melbourne suburbs in its top growth category, including:
- Moonee Ponds – with a quarterly change of 28.7 per cent,
- Preston – with a quarterly change of 21.8 per cent, and
- Essendon – with a quarterly change of 11.3 per cent.
You will need to organise the right property management company for your investment.
Move out of home
There’s no better feeling than having your very own space.
There’s no better feeling than having your very own space. That said, apartment hunting can be stressful – particularly if you’re moving out of home for the first time. Planning your budget, choosing the right location, understanding what’s fair in terms of rent and fees – there’s a lot more to it than signing the lease.
To this end, don’t go it alone! By working with an experienced agent, you’ll not only get to see the best rental properties Melbourne has to offer, but you’ll also enjoy peace of mind that all the little details have been sorted out properly. When you look for your new home on Facebook or Gumtree, you simply don’t have this assurance.
Open my own business
Think you might be sitting on an idea for Melbourne’s next big thing? Sit no more – it’s time to act.
If you want to open up a business in 2018, location is key – no matter what your enterprise is. At Nelson Alexander, we have heaps of amazing commercial spaces for sale and lease from retail spots on busy streets to large office spaces. Talk to us today to see if we have the perfect place for you to set up shop in 2018.
Ready to take some action?