14 Feb Are You Suffering from Analysis Paralysis?
WOULDA — COULDA — SHOULDA is one of my least favourite things to have to live with. Its parent is hindsight, but hindsight won’t show up until much later in the piece–long after the first ping in the gut, urging you to act now. Like a parent, hindsight is teaching you some kind of lesson in life.
I was watching this play out on the Today Show in the US last week. News coverage showed open homes in America being well attended. It was a robust show of confidence among buyers. Although one poor lady being interviewed during the inspection explained that prices were unfairly rising, that they were selling above market prices, (I wondered if she actually meant the list price of the property), and that the areas she and her family wanted to live in, were now out of their reach.
If only she had have started looking sooner, she said.
We stall at moving ahead with our plans for many, many reasons. Some are habitual, emotional or logistical. Whilst I can’t help you with the habitual or emotional issues related to getting stuck, I can offer sound, thorough advice and help with the logistical side of your decision making. Let’s consider some of the logistical decisions of buying property. WHY BUY THERE?
|Suburb||Median purchase price||Median rental price||Key features|
|Alexandria Headland||$705,500||$500||Situated with Maroochydore to the left, Mooloolaba to the right and on pristine coastline. Patrolled beaches, surfing events, entertainment, and prestigious location.|
|Buddina||555,000||440||Hospital hub and shopping precinct. Close to Kawana Shoppingworld, but beach access and recreational areas ensures an in-built lifestyle of sports and leisure. Great schools are a distinct advantage.|
|Buderim||520,000||460||Class and character defines the location with a timeless village feel, boutique shopping and leafy, mountainous conclaves. Buderim is a traditional favourite for executives and families. Buderim also has fascinating historical significance which its residents are proud of.|
|Birtinya||630,000||515||Keen eye on progress, the area has the lakeside advantage of still-water sports, hosts regattas, boasts convenience to commercial and industrial addresses and direct access to the Bruce Hwy heading to Brisbane.|
|Bokarina||492,000||410||Savvy investment opportunity with a long stretch of pristine beaches, older homes offer the advantage of buying in an area that will transition to a modern address as renovations occur.|
|Caloundra||398,100||365||This dynamic region is a tourist destination with quality restaurants, Sunday street markets, music festivals, an event centre and exciting marina development planned. The Pumicestone Passage is a major drawcard.|
|Caloundra West||405,000||420||Caloundra West is busting a move as a sturdy investment choice for families and investors. Affordability and proximity to Caloundra, conveniences and schools are a big plus. Just look at the yield this area is offering today.|
|Currimundi||431,000||400||An older area, the doer-upper investor will be in their element. Investors: sit up and take note, there’s stacks of future capital investment at this doorstop. It’s a residential area off the Nicklin Way between Wurtulla and Caloundra. Currimundi beach is patrolled and there are lovely nature walks, cafes and accommodation around the nook.|
|Maroochydore||437,000||430||‘Don’t delay’, is the top advice you can get when it comes to investment in Maroochydore. This is a city on the rise, but it’s a tourist destination as well. Beautiful beaches are still yours for the enjoyment. Shopping, many amusements, and nightlife adorn the city and a 10-minute drive north takes you to Sunshine Coast Airport. It’s hard to make a wrong investment in Maroochydore.|
|Minyama||697,500||520||The median house purchase price doesn’t reveal the exquisiteness of this multi-million-dollar address. Ocean access is the drawcard for buyers with watercraft too. This is the residential enclave for celebrities who live in the southern end of the Sunshine Coast. Elite and separate with only two entrances.|
|Mooloolaba||543,570||410||This is one of the few suburbs of the Sunshine Coast that is well-known internationally. As such it’s a tourism and event hotspot. Quality restaurants and nightlife venues overlook a stunning beach. Famous for hosting a knockout New Year’s Eve event, the area – accented by alfresco dining and beachwear clad leisure seekers – has a ‘forever young’ feel and will always be a frontrunner in the selling stakes.|
|Mountain Creek||490,000||470||Easily, Mountain Creek has grown as one of the most popular areas to live in since its 1995 beginnings. It claims a family friendly, neighbourhood atmosphere. Great access to the Bruce Hwy and Brisbane is a key feature. The schools have an excellent reputation. Young, modern family are the keynotes here.|
|Sippy Downs||415,000||430||A strategic development plan intended to make this neighbourhood suited to families of every age and every stage. It’s home to the University of the Sunshine Coast, and public and private schools. The residential aspect is practical with its convenience to all-inclusive shopping centres and arterial roads to the highways heading north and south. Parks and recreational areas highlight the area’s natural beauty. The university is always expanding and the value of Sippy Downs keeps growing with it.|
|Twin Waters||642,500||575||Twin Waters still holds its own as queen of the waterways. Just off the Sunshine Motorway, it’s a hop, skip and a jump from the airport. Beautiful homes match pristine beaches and stunning canals.|
|Wurtulla||438,250||428||Like Currimundi, (the suburb it’s closely situated to), – wether beachside or on the opposite side of the Nicklin Way – Wurtulla is embedded with smart investment potential. Older generations make up a large portion of residents. Wurtulla beach courts, like Minyama have a sense of separateness, and prestige. Rarely are there more than a couple of homes on the market in the beach courts and it is an area on the wishlist of potential tenants.|
Source: realestate.com.au – viewed April 27, 2014. Key features: by Elisse Carin: Book-in Editorial and Writing Works. It’s a great idea to narrow your search areas by taking note of your key objectives, which I hope you find outlined in some of the suburbs in the table. Once you have decided which areas you would like to visit for open home inspections, you will need to know what price range to look in and how to approach auction properties in your chosen areas that do not provide a purchase price range. To guide you with determining price ranges as well as lending and buying at Auction, call Kelly & Co Financial Services on 1300 54 94 54