According to statistics, in 2017, a total of 760,000 buyers across Australia wanted to purchase Australian apartments (off-house) projects, of which 220,000 buyers were keen to invest in Victorian apartment projects.

Faced with such a huge demand for home buyers, why do home buyers choose to buy an apartment? What factors will be considered when buying a house?

The following is an online questionnaire survey conducted by Realestate.com.au, an Australian real estate website, targeting 12,618 buyers in October 2017. It hopes to provide some references for you who are preparing to buy a home.

01
What are the advantages of buying an apartment?
Australian housing can be broadly divided into three categories: Apartment, Townhouse and House. The survey shows that most people think that the advantages of buying an apartment (mainly a house) mainly focus on the following aspects compared to other types of housing.

First, the apartment and its facilities are more modern and do not require frequent maintenance or repairs. Moreover, because the apartments are generally built by locally-acclaimed builders, relatively advanced materials and technologies are also used to meet the corresponding safety standards.

Second, if it is the purchase of 期房, you can also lock the current market price. For the 期房, the vast majority of the situation is that the sooner you buy the more cost-effective, in a city where land resources such as Melbourne are becoming increasingly scarce, land prices are rising every year. Materials and labor costs have also been increasing, so the project has just opened. When buying, it is cheaper to buy than when it is completed, and the range of options is even greater.

Third, if the apartment is an investment house, you can apply for a depreciation tax credit. The Australian Taxation Office generally calculates the depreciable amount per house through an impairment method. Therefore, newly completed apartments can obtain a relatively high amount of depreciation in previous years. In general, for the 期房, up to 60% of the depreciation amount can be accumulated.

In addition, in the questionnaire survey, many people also stated that the other benefits of buying an apartment include:

Apartment is a new house, no one lived
Purchase of 期房 can be their own personalized decoration
With less down payment, you can save more time

02
What factors need to be considered when buying an apartment?
The price, needless to say, is listed by most people as the most important factor to consider. Of course, the price here does not mean that the cheaper the better. Objectively speaking, the pricing of each apartment has its own rationale behind it, or its geographical location is excellent, or the unit type design is reasonable, or the construction materials are excellent. Therefore, it is recommended that everyone should consider all the factors and then do it again. Decision.

In addition, it is recommended that you determine your budget before you buy a house, carefully calculate your actual repayment ability (you can consult a professional loan broker or bank), and plan your own financial affairs before choosing a house, so as to be more targeted.

The geographical location of the project is the second consideration in the report. In the real estate industry, there is such a famous saying: “The first factor that determines the quality of land is the location, the second is the location, and the third is the location.” This shows the importance of location. As for how to determine whether a project’s geographic location is superior, it requires buyers to do more research before buying.

For example, if it is an office worker, whether the property is convenient for transportation and shopping; whether the family has an elderly person who is considering living in the Chinese community; whether the family has children should consider whether there are better schools in the surrounding area; whether they are affiliated with the school district; You can look at the government’s future plans for this area and so on.

Factors such as capital appreciation, future fund returns, and weekly rental prices are also factors most buyers will consider. Judging from the average prices of real estate in Sydney and Melbourne in the past, it has basically maintained a level of price doubling in 7-8 years.

Moreover, according to the latest data from Australian Bureau of Statistics ABS, Australia’s population increased by 1.6% in the first quarter of September last year, equivalent to an increase of 395,600 resident population, and the population growth will inevitably further stimulate the demand for housing. .

In addition to these, whether the apartment is equipped with related facilities, the reputation of the developer, the height of the project and the number of apartments, whether it is possible to choose or customize the interior design of the apartment, whether to visit the completed apartment or exhibition room, whether there is a promotion Activities, whether there is a positive word of mouth and so on are also factors that can be considered when buying a home.

03
What facilities should an apartment have?
The report released by REA Group roughly divided buyers into three categories: first-time buyers; non-primary buyers; and investors. From the survey data we can see that different types of buyers have different needs.

For first-time buyers, they will pay more attention to whether the apartment is equipped with a fully-equipped gym, swimming pool and sundeck. Instead of first-time buyers, they are more likely to consider whether there are garage storage, outdoor recreation space, ground floor coffee shop, roof-sharing facilities and other facilities. For investors, their key considerations include garage storage, BBQ grills and landscape gardens.

04
How does a buyer evaluate a developer’s reputation?
According to this survey report, the developer’s reputation will generally be considered from several aspects, including:
The buyer’s evaluation of the project before the developer (whether there is a positive word of mouth)

Developer qualifications and licenses (whether it is a large-scale enterprise, whether it has won industry-related awards, whether it has branches in other states)

Industry qualifications (whether it has accumulated a lot of construction experience before)

The company’s main partners, etc.

Although everyone’s needs are different, understanding the ideas of other buyers may give you some new inspiration. I hope the above information can help everyone.