PROPERTY REPORT 1-4/232 STEWART ST, BRUNSWICK EAST

Transcription

1 PROPERTY REPORT 1-4/232 STEWART ST, BRUNSWICK EAST Level 1, 606 St Kilda Rd, Melbourne VIC 3004 T// E// W//

2 CONTENTS PG 3. PG 4. PG 5. PG 6. PG 7. PG 8. PG 9. PG 11. PG 20. GROUP BLOCKS INTRODUCTION GROUP BLOCKS PROCESS SUMMARY & BLOCK PARTICULARS WALK SCORE DEMOGRAPHIC PROFILE MEDIAN PRICES CAPITAL GROWTH COMPARABLE SALES COMPARABLE RENTALS PAGE 2

3 THE GROUP BLOCKS SYSTEM Advantage Property Consulting has developed a successful and popular group block strategy where we source and negotiate the purchase of whole blocks of boutique un-renovated apartments on behalf of a syndicate of investors and homebuyers. The main benefit of the type of purchase is the ability for clients to join others in purchasing an unrenovated block of apartments and collectively renovating the external areas and individually renovating the internals to add value. Our Group Blocks Strategy continues to be a resounding success with most of our projects allocated quickly with waiting lists and many clients waiting to benefit from our creative group strategy. Our group blocks renovation strategy has multiple benefits for investors and homebuyers alike. You can leverage from our extensive database of clients and reap the benefits enjoyed by developers without undertaking the whole risk of managing your own development. By providing access to apartments in bulk and co-ordinating subdivisions of title (if on one title), planning and building permits for external renovation works and the execution of external and internal renovation works, you can enjoy the benefits of being a developer without the multi-million dollar price tag usually required. As we negotiate the purchase of a whole block of apartments for multi-million dollar prices, you only pay for an individual unit at an affordable price whilst enjoying the following benefits; 1. Buying in bulk rather than purchasing individual units, usually resulting in more competitive pricing. 2. Add value to the property as all purchasers agree to an external renovation upgrade. 3. If applicable, we increase the property s value by subdividing if the property is on one title. 4. By renovating internally and externally, you can often increase rental returns and cash flow. 5. Providing clients with tax depreciation and tax deduction benefits on the capital cost of renovations, thus increasing their cash flow. 6. Building equity by adding value with internal and external renovations. 7. Renovations attracts better quality tenants, thus increasing rental returns. 8. Our allied business partners do all the hard work and co-ordinate everything for you. They include land surveyors for the subdivision, building designer/architects for planning permits, builders and renovation companies for building permits and internal and external renovations, solicitors, building inspectors, body corporate managers (owner s corporations) and property managers. PAGE 3

4 THE GROUP BLOCK PROCESS 1. PRE-PURCHASE Building and site inspection Contract review by solicitor Feasibility study on price Initial scope of works outlined for external rejuvenation 2. NEGOTIATION Negotating contract terms and special conditions Long settlement negotiated to allow adequate time for allocation Negotiating purchase price either at auction or by private negotation 3. CONTRACTS Contacts signed as and / or nominee Solicitor appointed to represent all buyers 5. FINAL INSPECTION / SETTLEMENT Final inspection arranged prior to settlement Advantage will liaise with solicitors, brokers and clients for settlement 4. PRE-SETTLEMENT Registered clients notified first, then Advantage database followed by internet advertising Client inspections arranged Apartments allocated to clients upon receipt of deposit and relevant forms signed 6. OWNER S CORPORATION Body Corporate Manager appointed and inaugral meeting arranged Purchasers review rejuvenation scope of works prior to meeting Inaugral meeting held, scope of works and quotes discussed, voted upon 7. REJUVENATION WORKS Permits lodged if required and work orders issues for external works Individual buyers to lodge permits (if applicable) and co-ordinate internal renovations Works completed 8. ONGOING (INVESTORS) Property marketed for lease and ongoing management of property Tenant secured PAGE 4

5 SUMMARY Block of 2 one bedroom and 2 two bedroom villa units (from $302,500 to $405,000) External renovation contribution of $15,000 - $20,000 (approx) plus consulting fee of $13,750 (inc gst) Approximate rentals from $270 - $300 per week (1 bedroom) or $380 - $400 per week furnished (2 bedroom) once renovated Strata titled BLOCK PARTICULARS Settlement: 19th February 2015 Zoning: Residential One Council rates: $1,069 per annum (approx) Bedrooms: 1 and 2 Water rates: $687 per annum (approx) Deposit: 10% Owner s Corporation Fee: $500 - $550 per quarter (approx) UNIT PARTICULARS UNIT EXPECTED RENTAL (ONCE RENOVATED) CURRENT RENTAL BEDROOMS PRICE (PLUS $13,750 CONSULTING FEE) NOTES 1 $270 - $300 per week $190 per week 1 $302,500 Courtyard (on licence) 2 $270 - $300 per week $240 per week 1 $302,500 Courtyard (on licence) 3 $380 - $400 per week $220 per week 2 $405,000 Courtyard (on licence) 4 $380 - $400 per week $260 per week 2 $405,000 Courtyard (on licence) PAGE 5 All care has been taken in the accuracy of the information contained in this document. Prospective purchasers should make their own investigation to satisfy themselves of this information.

6 WALK SCORE RATING: 77 Most errands can be accomplished on foot Walkers Paradise Very Walkable Somewhat Walkable Car-dependant 0-24 Completely car-dependant 232 Stewart Street has a Walk Score of 77 out of 100. This location is Very Walkable so most errands can be accomplished on foot. This location is in the Brunswick East neighborhood in Melbourne. Nearby parks include CERES Environmental Park, Jones Park and Phillips Reserve. Nearby schools include Brunswick East Primary School. Nearby coffee shops include Piano Piano Cafe, New Day Rising and Milkwood. There are 16 restaurants within a 15 minute walk including Iliana Cafe & Restaurant, The Merri Table & Bar and Elissa s Bite. Walk Score helps you find a walkable place to live and provides a number from 1 to 100 that measures the walkability of any address. For further details, please visit walkscore.com. PAGE 6 All care has been taken in the accuracy of the information contained in this document. Prospective purchasers should make their own investigation to satisfy themselves of this information.

7 DEMOGRAPHIC PROFILE FOR BRUNSWICK EAST Brunswick East is located 5 km north of the CBD. Brunswick East is a mixed use suburb, mainly residential and commercial in nature. The suburb has a young population with a high proportion in the year age group. It also has a significant proportion of its population born in Italy, although the number has been falling over the last 20 years. The Merri Creek bounds the eastern boundary and is the location of many of the suburbs' parks. The suburb also features the vibrant Lygon Street shopping strip. Suburb Brunswick East Local Government Area Moreland Median Age 33 Population Under 15 years years years and over 959 Total 8476 *Based on the latest available data from the Australian Bureau of Statistics, Census 2011 PAGE 7 The information contained herein is to be used as a guide only. Although every care has been taken in the preperation of the information, we stress that particulars herein are for information only and do not constitute representations by the Owners or Agent. Sales data is provided as a guide to market activity, and we do not necessarily claim to have acted as the selling agent in these transactions.

8 DEMOGRAPHIC PROFILE FOR BRUNSWICK EAST Dwelling Type Separate house 1513 Semi-detached 986 (row/terrace) Flat, unit or apartment 1059 Other 27 Total 3924 Rent vs. Own Own 935 Purchasing 934 Rent government 70 Rent private 1517 Other 22 Median Loan Repayments & Income Monthly loan repayment $2, Weekly rent $ Weekly individual income $ Weekly family income $1, Weekly household income $1, *Based on the latest available data from the Australian Bureau of Statistics, Census 2011 PAGE 8 The information contained herein is to be used as a guide only. Although every care has been taken in the preperation of the information, we stress that particulars herein are for information only and do not constitute representations by the Owners or Agent. Sales data is provided as a guide to market activity, and we do not necessarily claim to have acted as the selling agent in these transactions.

9 MEDIAN PRICES FOR BRUNSWICK EAST MEDIAN PRICE: This provides a measure of the midpoint of house sales, meaning that 50% of sale prices are greater than the median and 50% are below the median. In general, the median price is preferable to using average sales price, which can be skewed upwards in any time period by a number of expensive property sales. HOUSE Median Price UNIT Median Price $82,500 x % INCREASE OVER 245YEARS = 21.6% GROWTH PER ANNUM - Advantage Property Consulting P: F: PAGE 9 The information contained herein is to be used as a guide only. Although every care has been taken in the preperation of the information, we stress that particulars herein are for information only and do not constitute representations by the Owners or Agent. Sales data is provided as a guide to market activity, and we do not necessarily claim to have acted as the selling agent in these transactions.

10 CAPITAL GROWTH FOR BRUNSWICK EAST CAPITAL GROWTH: The increase in value of an asset or investment i.e. the difference between the current values and the original purchase price. In other words, selling the property would result in you having more capital than you had when you originally purchased them. HOUSE Capital Growth UNIT Capital Growth PAGE 10 The information contained herein is to be used as a guide only. Although every care has been taken in the preperation of the information, we stress that particulars herein are for information only and do not constitute representations by the Owners or Agent. Sales data is provided as a guide to market activity, and we do not necessarily claim to have acted as the selling agent in these transactions.

11 COMPARABLE SALES - 1 BEDROOM WITHIN 1 KM RADIUS 307/410 Lygon St BRUNSWICK EAST 3057 PRICE : $402,000 RECORDED : RESERVE PRICE : WALLS : SALE DATE : 12/06/2014 ROOF : METHOD : Sale BEDROOMS : 1 SETTLEMENT DATE : 24/07/2014 BATHROOMS : PROPERTY TYPE : FLAT/UNIT/APARTMENT (RES) ROOMS : MUNICIPALITY : Moreland CARPARKS : PARISH : Jika Jika STOREYS : MAP REF : 29 K 6 BUILD AREA : LOT NUMBER : 307 SIDE DIMENSION : PLAN NUM/REF : PS FURNISHED : YEAR BUILT : OWNER OCCUPIED: 9/23 Balmoral Av BRUNSWICK EAST 3057 PRICE : $330,000 RECORDED : RESERVE PRICE : WALLS : Brick SALE DATE : 30/04/2014 ROOF : METHOD : Sold Before Auction BEDROOMS : 1 SETTLEMENT DATE : BATHROOMS : 1 PROPERTY TYPE : UNIT ROOMS : 2 MUNICIPALITY : Moreland CARPARKS : 0 PARISH : STOREYS : MAP REF : 30 A 5 BUILD AREA : LOT NUMBER : SIDE DIMENSION : PLAN NUM/REF : FURNISHED : No YEAR BUILT : OWNER OCCUPIED: No Situated in a secure refurbished block of only ten, this first-floor apartment is sure to stand out from the crowd with its updated features and sublime location close to cafes, parks and public transport. Securely leased (to January 2015), the apartment's light-filled interior features one large bedroom (with built-in robes) and modern central bathroom, spacious lounge and contemporary-style kitchen, plus internal laundry facilities and secure entry. A quality additional to any investment portfolio, it's ideally positioned in a quiet Brunswick East pocket walking distance to Lygon Street trams, shops and cafes, Allard Park, Jones Park and Merri Creek trails. Nelson Alexander Pty Ltd PAGE 11 The image(s) and information you are viewing is produced by crossreferencing images and data supplied by third parties. We give no warranty that the image, information or cross-referencing is accurate or complete. All warranties are expressly excluded to the fullest extent permitted by law. Our liability to you is limited to the re-supply of the image and information or the cost of the re-supply, at its option.

12 COMPARABLE SALES - 1 BEDROOM WITHIN 1 KM RADIUS 3/125 Victoria St BRUNSWICK EAST 3057 PRICE : $340,000 RECORDED : RESERVE PRICE : WALLS : SALE DATE : 16/04/2014 ROOF : METHOD : Sale BEDROOMS : 1 SETTLEMENT DATE : 15/05/2014 BATHROOMS : PROPERTY TYPE : FLAT/UNIT/APARTMENT (RES) ROOMS : MUNICIPALITY : Moreland CARPARKS : PARISH : Jika Jika STOREYS : MAP REF : 29 K 7 BUILD AREA : LOT NUMBER : 3 SIDE DIMENSION : PLAN NUM/REF : PS FURNISHED : YEAR BUILT : OWNER OCCUPIED: No 9/25 Veronica St NORTHCOTE 3070 PRICE : $420,000 RECORDED : RESERVE PRICE : WALLS : SALE DATE : 10/04/2014 ROOF : METHOD : Sale BEDROOMS : 1 SETTLEMENT DATE : 16/04/2014 BATHROOMS : PROPERTY TYPE : STRATA UNIT/FLAT ROOMS : MUNICIPALITY : Darebin CARPARKS : PARISH : Jika Jika STOREYS : MAP REF : 30 C 5 BUILD AREA : LOT NUMBER : 9 SIDE DIMENSION : PLAN NUM/REF : PS FURNISHED : YEAR BUILT : OWNER OCCUPIED: Yes 34/25 Veronica St NORTHCOTE 3070 PRICE : $425,000 RECORDED : RESERVE PRICE : WALLS : SALE DATE : 04/10/2013 ROOF : METHOD : Sale BEDROOMS : 1 SETTLEMENT DATE : 01/11/2013 BATHROOMS : PROPERTY TYPE : FLAT/UNIT/APARTMENT (RES) ROOMS : MUNICIPALITY : Darebin CARPARKS : PARISH : Jika Jika STOREYS : MAP REF : 30 C 5 BUILD AREA : LOT NUMBER : 34A SIDE DIMENSION : PLAN NUM/REF : PS FURNISHED : YEAR BUILT : OWNER OCCUPIED: Yes PAGE 12 The image(s) and information you are viewing is produced by crossreferencing images and data supplied by third parties. We give no warranty that the image, information or cross-referencing is accurate or complete. All warranties are expressly excluded to the fullest extent permitted by law. Our liability to you is limited to the re-supply of the image and information or the cost of the re-supply, at its option.

13 COMPARABLE SALES - 1 BEDROOM WITHIN 1 KM RADIUS 5/29 Nunan St BRUNSWICK EAST 3057 PRICE : $503,000 RECORDED : RESERVE PRICE : WALLS : SALE DATE : 20/09/2013 ROOF : METHOD : Sale BEDROOMS : 1 SETTLEMENT DATE : 20/11/2013 BATHROOMS : PROPERTY TYPE : FLAT/UNIT/APARTMENT (RES) ROOMS : MUNICIPALITY : Moreland CARPARKS : PARISH : Jika Jika STOREYS : MAP REF : 30 A 5 BUILD AREA : LOT NUMBER : 5 SIDE DIMENSION : PLAN NUM/REF : PS FURNISHED : YEAR BUILT : OWNER OCCUPIED: No The image(s) and information you are viewing is produced by cross-referencing images and data supplied by third parties. We give no warranty that the image, information or cross-referencing is accurate or complete. All warranties are expressly excluded to the fullest extent permitted by law. Our liability to you is limited to the re-supply of the image and information or the cost of the re-supply, at our option. PAGE 13 The image(s) and information you are viewing is produced by crossreferencing images and data supplied by third parties. We give no warranty that the image, information or cross-referencing is accurate or complete. All warranties are expressly excluded to the fullest extent permitted by law. Our liability to you is limited to the re-supply of the image and information or the cost of the re-supply, at its option.

14 COMPARABLE SALES - 2 BEDROOMS WITHIN 1 KM RADIUS 2/8 Holmes St BRUNSWICK EAST 3057 PRICE : $455,000 RECORDED : RESERVE PRICE : WALLS : Brick SALE DATE : 11/09/2014 ROOF : METHOD : Private Sale BEDROOMS : 2 SETTLEMENT DATE : BATHROOMS : 1 PROPERTY TYPE : UNIT ROOMS : 3 MUNICIPALITY : Moreland CARPARKS : 1 PARISH : STOREYS : MAP REF : 29 K 6 BUILD AREA : LOT NUMBER : SIDE DIMENSION : PLAN NUM/REF : FURNISHED : No YEAR BUILT : OWNER OCCUPIED: No Inner city lifestyle in this unassumingly spacious and light filled secure single level villa unit in a boutique block of five. High ceilings enhancing the natural light and warm polished timber floorboards invite you into a generous living room (split system air conditioning) adorned with gorgeous ceiling roses providing the ideal place to enjoy a good book or movie night with friends. Enjoy hosting festive dinner parties or lazy summer barbeques from the bright kitchen with excellent cooking space, opening to an intimate meals area and out to a secluded courtyard. Comfort and privacy is found in two relaxing bedrooms, both with built in robes, outside window shutters, and sharing a gleaming bathroom with inviting soaking bath. Superbly positioned to enjoy Lygon and Albion Street bars, cafes and restaurants or the meandering Merri Creek running and bike trail, this well-presented residence is an ideal opportunity for the first home buyer or investor. With off street parking for one, a choice of trams are just outside your door. 10/41-43 Leinster Gr NORTHCOTE 3070 PRICE : $510,000 RECORDED : RESERVE PRICE : WALLS : SALE DATE : 02/08/2014 ROOF : METHOD : Auction Sale BEDROOMS : 2 SETTLEMENT DATE : BATHROOMS : 1 PROPERTY TYPE : UNIT ROOMS : 3 MUNICIPALITY : Darebin CARPARKS : 1 PARISH : STOREYS : MAP REF : BUILD AREA : LOT NUMBER : SIDE DIMENSION : PLAN NUM/REF : FURNISHED : No YEAR BUILT : OWNER OCCUPIED: No A short walk to St Georges Road and Miller Street trams and cafs, and moments to cosmopolitan High Street and the parklands of Merri Creek, this single level home is fabulous for first home buyers, enticing for empty nesters or makes an intelligent investment choice. Set in a sought after enclave, it opens to reveal large living dining enhanced by soaring ceilings. Bathed in sunlight from clerestory windows, this open space is served by a modern kitchen finished with stainless steel appliances and steps out to a generously proportioned, paved and private courtyard. Two large robed bedrooms share the family bathroom while the garage offers the convenience of internal access.in conjunction with Ian Reid's Vendor Advocacy Australia PAGE 14 The image(s) and information you are viewing is produced by crossreferencing images and data supplied by third parties. We give no warranty that the image, information or cross-referencing is accurate or complete. All warranties are expressly excluded to the fullest extent permitted by law. Our liability to you is limited to the re-supply of the image and information or the cost of the re-supply, at its option.

15 COMPARABLE SALES - 2 BEDROOMS WITHIN 1 KM RADIUS 26/41-43 Leinster Gr NORTHCOTE 3070 PRICE : $613,500 RECORDED : RESERVE PRICE : WALLS : Brick SALE DATE : 28/06/2014 ROOF : METHOD : Auction Sale BEDROOMS : 2 SETTLEMENT DATE : BATHROOMS : 1 PROPERTY TYPE : UNIT ROOMS : 3 MUNICIPALITY : Darebin CARPARKS : 1 PARISH : STOREYS : MAP REF : 30 C 6 BUILD AREA : LOT NUMBER : SIDE DIMENSION : 191 PLAN NUM/REF : FURNISHED : No YEAR BUILT : OWNER OCCUPIED: No The surprising indoor-outdoor space, stylish quality and energy-efficient elements of this exceptional villa unit with own street frontage are perfectly in tune with its peaceful surroundings encompassing Merri Creek parkland, golf course and CERES. This wonderful single-level home is brimming with unexpected pleasures from double-glazed bifold doors and windows to a large, secluded garden with flowing deck for fabulous entertaining. Features 2 double bedrooms with BIRs and bifolds, light-filled living and dining areas with cathedral ceiling, kitchen/meals with stainless-steel appliances, bright bathroom, Euro laundry, heating/cooling, speaker system, solar hotwater, alarm and studio/workroom (easily converted back to a SLUG). Moments to schools, shops and public transport. Land: Strata 2/81 Stewart St BRUNSWICK 3056 PRICE : $537,500 RECORDED : RESERVE PRICE : WALLS : Brick SALE DATE : 14/06/2014 ROOF : METHOD : Auction Sale BEDROOMS : 2 SETTLEMENT DATE : BATHROOMS : 1 PROPERTY TYPE : UNIT ROOMS : 3 MUNICIPALITY : Moreland CARPARKS : 1 PARISH : STOREYS : MAP REF : BUILD AREA : LOT NUMBER : SIDE DIMENSION : PLAN NUM/REF : FURNISHED : No YEAR BUILT : OWNER OCCUPIED: No One-of-a-kind with its spacious interior and distinctive renovations, this impeccable villa offers a ready-to-enjoy lifestyle in a boutique block (of six) complete with undercover parking. Stylish interior highlights two double bedrooms (both with robes) and central bathroom, vast open-plan living/dining area complemented by a modern kitchen with dishwasher, stone benchtops and soft-close drawers. With high ceilings accentuating the home's spaciousness, other features include gas heating and split-system a/c, polished concrete floors, separate laundry, plus a full-width courtyard garden. In a prized Brunswick location, it offers easy access to Lygon Street cafes and trams, Sydney Road's cosmopolitan array of shops and restaurants, as well as Merri Creek trails and parkland.unit size; 70sqm (approx)body Corporate: $1666pa (approx)rates: $1268pa (approx) PAGE 15 23/41-43 Leinster Gr NORTHCOTE 3070 PRICE : $512,500 RECORDED : RESERVE PRICE : WALLS : Brick SALE DATE : 12/04/2014 ROOF : METHOD : Auction Sale BEDROOMS : 2 SETTLEMENT DATE : BATHROOMS : 1 PROPERTY TYPE : UNIT ROOMS : 4 MUNICIPALITY : Darebin CARPARKS : 1 PARISH : STOREYS : MAP REF : BUILD AREA : LOT NUMBER : SIDE DIMENSION : PLAN NUM/REF : FURNISHED : No YEAR BUILT : OWNER OCCUPIED: No The image(s) and information you are viewing is produced by crossreferencing images and data supplied by third parties. We give no warranty that the image, information or cross-referencing is accurate or complete. All warranties are expressly excluded to the fullest extent permitted by law. Our liability to you is limited to the re-supply of the image and information or the cost of the re-supply, at its option.

16 COMPARABLE SALES - 2 BEDROOMS WITHIN 1 KM RADIUS 8/127 Victoria St BRUNSWICK EAST 3057 PRICE : $491,000 RECORDED : RESERVE PRICE : WALLS : Brick SALE DATE : 21/12/2013 ROOF : METHOD : Auction Sale BEDROOMS : 2 SETTLEMENT DATE : 24/02/2014 BATHROOMS : 1 PROPERTY TYPE : APARTMENT ROOMS : 4 MUNICIPALITY : Moreland CARPARKS : 1 PARISH : STOREYS : MAP REF : BUILD AREA : LOT NUMBER : SIDE DIMENSION : PLAN NUM/REF : FURNISHED : No YEAR BUILT : OWNER OCCUPIED: No Leave behind the battle of commuter traffic and embrace inner city living with a cosmopolitan lifestyle on your doorstep. This unit comprises of two light filled bedrooms with a sophisticated yet comfortable study. The open plan living and dining area is warmed by golden toned floorboards, stylish efficient kitchen cleverly concealed laundry and a practical bathroom. Secure undercover car space with remote access.make your move before someone else does. 6/100 Blyth St BRUNSWICK 3056 PRICE : $491,000 RECORDED : RESERVE PRICE : WALLS : Brick SALE DATE : 02/12/2013 ROOF : METHOD : Sold Before Auction BEDROOMS : 2 SETTLEMENT DATE : BATHROOMS : 1 PROPERTY TYPE : APARTMENT ROOMS : 4 MUNICIPALITY : Moreland CARPARKS : 1 PARISH : STOREYS : MAP REF : BUILD AREA : LOT NUMBER : SIDE DIMENSION : PLAN NUM/REF : FURNISHED : No YEAR BUILT : OWNER OCCUPIED: No Instantly enjoyable, endlessly bright, this fully renovated apartment is one of only eight. Natural light fills beautiful spaces with new tiled floors, quality carpet an exceptional sense of style including a large living area that features reverse cycle heating/cooling and flows out to a north facing deck and courtyard. The huge kitchen is complemented by contemporary stainless steel appliances, attractive surfaces and ample storage. Built in robes and pleasing proportions define two double bedrooms that share a central bathroom which confirms the quality with which this inviting apartment has been updated inside and out. Allocated parking outside thefront door ensures convenience matches comfort in a location highly regarded for its proximity to Sydney Road and Lygon Street trams, Anstey Station, Sydney Road and Lygon Street shopping and cosmopolitan cafe society. A secure investment with a rental return of $450pw or ideal first home. The image(s) and information you are viewing is produced by cross-referencing images and data supplied by third parties. We give no warranty that the image, information or cross-referencing is accurate or complete. All warranties are expressly excluded to the fullest extent permitted by law. Our liability to you is limited to the re-supply of the image and information or the cost of the re-supply, at our option. PAGE 16 The image(s) and information you are viewing is produced by crossreferencing images and data supplied by third parties. We give no warranty that the image, information or cross-referencing is accurate or complete. All warranties are expressly excluded to the fullest extent permitted by law. Our liability to you is limited to the re-supply of the image and information or the cost of the re-supply, at its option.

17 COMPARABLE RENTALS - $270 - $300 PER WEEK, 1 BEDROOM Suburb Address Rent Leased BRUNSWICK EAST 7/23 Balmoral Avenue $300 pw BRUNSWICK EAST 170 Edward Street $285 pw BRUNSWICK EAST /182 Edward Street $299 pw BRUNSWICK EAST 182 Edward Street $299 pw BRUNSWICK EAST 1/201 Blyth Street $270 pw BRUNSWICK EAST 201/32-34 Lygon Street UNDISCLOSED PAGE 17 The image(s) and information you are viewing is produced by crossreferencing images and data supplied by third parties. We give no warranty that the image, information or cross-referencing is accurate or complete. All warranties are expressly excluded to the fullest extent permitted by law. Our liability to you is limited to the re-supply of the image and information or the cost of the re-supply, at its option.

18 COMPARABLE RENTALS - $380 - $400 PER WEEK, 2 BEDROOM Suburb Address Rent Leased BRUNSWICK EAST 7/380 Lygon Street $400 pw BRUNSWICK EAST 2/36 Deakin Street $380 pw BRUNSWICK EAST 5/ Lygon Street $410 pw BRUNSWICK EAST 1/146 Blyth Street UNDISCLOSED BRUNSWICK EAST 61 Ryan Street $405 pw BRUNSWICK EAST 18/408 Lygon Street UNDISCLOSED PAGE 18 The image(s) and information you are viewing is produced by crossreferencing images and data supplied by third parties. We give no warranty that the image, information or cross-referencing is accurate or complete. All warranties are expressly excluded to the fullest extent permitted by law. Our liability to you is limited to the re-supply of the image and information or the cost of the re-supply, at its option.

19 Due Diligence checklist What you need to know before buying a residential property Before you buy a home, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you, if you buy it. This checklist aims to help you identify whether any of these issues will affect you. The questions are a starting point only and you may need to seek professional advice to answer some of them. You can find links to organisations and web pages that can help you learn more, by visiting consumer.vic.gov.au/duediligencechecklist. Urban living Moving to the inner city? High density areas are attractive for their entertainment and service areas, but these activities create increased traffic as well as noise and odours from businesses and people. Familiarising yourself with the character of the area will give you a balanced understanding of what to expect. Is the property subject to an owners corporation? If the property is part of a subdivision with common property such as driveways or grounds, it may be subject to an owners corporation. You may be required to pay fees and follow rules that restrict what you can do on your property, such as a ban on pet ownership. Growth areas Are you moving to a growth area? You should investigate whether you will be required to pay a growth areas infrastructure contribution. Flood and fire risk Does this property experience flooding or bushfire? Properties are sometimes subject to the risk of fire and flooding due to their location. You should properly investigate these risks and consider their implications for land management, buildings and insurance premiums. Rural properties Moving to the country? If you are looking at property in a rural zone, consider: Is the surrounding land use compatible with your lifestyle expectations? Farming can create noise or odour that may be at odds with your expectations of a rural lifestyle. Are you considering removing native vegetation? There are regulations which affect your ability to remove native vegetation on private property. Do you understand your obligations to manage weeds and pest animals? Can you build new dwellings? Does the property adjoin crown land, have a water frontage, contain a disused government road, or are there any crown licences associated with the land? Is there any earth resource activity such as mining in the area? You may wish to find out more about exploration, mining and quarrying activity on or near the property and consider the issue of petroleum, geothermal and greenhouse gas sequestration permits, leases and licences, extractive industry authorisations and mineral licences. Soil and groundwater contamination Has previous land use affected the soil or groundwater? consumer.vic.gov.au/duediligencechecklist Page 1 of 3

20 You should consider whether past activities, including the use of adjacent land, may have caused contamination at the site and whether this may prevent you from doing certain things to or on the land in the future. Land boundaries Do you know the exact boundary of the property? You should compare the measurements shown on the title document with actual fences and buildings on the property, to make sure the boundaries match. If you have concerns about this, you can speak to your lawyer or conveyancer, or commission a site survey to establish property boundaries. Planning controls Can you change how the property is used, or the buildings on it? All land is subject to a planning scheme, run by the local council. How the property is zoned and any overlays that may apply, will determine how the land can be used. This may restrict such things as whether you can build on vacant land or how you can alter or develop the land and its buildings over time. The local council can give you advice about the planning scheme, as well as details of any other restrictions that may apply, such as design guidelines or bushfire safety design. There may also be restrictions known as encumbrances on the property s title, which prevent you from developing the property. You can find out about encumbrances by looking at the section 32 statement. Are there any proposed or granted planning permits? The local council can advise you if there are any proposed or issued planning permits for any properties close by. Significant developments in your area may change the local character (predominant style of the area) and may increase noise or traffic near the property. Safety Is the building safe to live in? Building laws are in place to ensure building safety. Professional building inspections can help you assess the property for electrical safety, possible illegal building work, adequate pool or spa fencing and the presence of asbestos, termites, or other potential hazards. Building permits Have any buildings or retaining walls on the property been altered, or do you plan to alter them? There are laws and regulations about how buildings and retaining walls are constructed, which you may wish to investigate to ensure any completed or proposed building work is approved. The local council may be able to give you information about any building permits issued for recent building works done to the property, and what you must do to plan new work. You can also commission a private building surveyor s assessment. Are any recent building or renovation works covered by insurance? Ask the vendor if there is any owner-builder insurance or builder s warranty to cover defects in the work done to the property. Utilities and essential services Does the property have working connections for water, sewerage, electricity, gas, telephone and internet? Unconnected services may not be available, or may incur a fee to connect. You may also need to choose from a range of suppliers for these services. This may be particularly important in rural areas where some services are not available. consumer.vic.gov.au/duediligencechecklist Page 2 of 3

21 Buyers rights Do you know your rights when buying a property? The contract of sale and section 32 statement contain important information about the property, so you should request to see these and read them thoroughly. Many people engage a lawyer or conveyancer to help them understand the contracts and ensure the sale goes through correctly. If you intend to hire a professional, you should consider speaking to them before you commit to the sale. There are also important rules about the way private sales and auctions are conducted. These may include a cooling-off period and specific rights associated with off the plan sales. The important thing to remember is that, as the buyer, you have rights. consumer.vic.gov.au/duediligencechecklist Page 3 of 3