Dowling Real Estate Mayfield - Issue 3
Listed with another agent for three months
Sold In 2 Weeks
Database Marketing Key
To A Fast Sale - Story P.3
SOLD
465 Maitland Rd
Mayfield West
IN THIS ISSUE OF PROPERTY NEWS
• Choosing The Right Agent
• Agency Boasts Powerful Buyer Database
• How To Get It Right As A New Landlord
Phone 02 4960 0499
02 6568 6599
Message from the Principal
Dear readers,
Mayfield is very much the flavour
of the month with properties in high
demand.
We have been saying for a while
that it had to happen.
There is a move into the inner
city and fringe suburbs and with
Tighes Hill, Carrington, Maryville
and Islington becoming increasingly
expensive, it is natural that Mayfield
is now having its day.
What does worry us is that recent
dramatic changes in values may have
escaped the attention of many older
residents considering downsizing.
Many of them may simply not be
aware of how much their property is
worth in the current market.
If you, or any of your family
members, have had overtures about
selling, please obtain a property
appraisal from professionals such
as ourselves.
It costs nothing and the results
may surprise you
Joe Di Claudio
Licensee
Choosing the
right agent
How do you find the best person
to sell your valuable asset?
When you’re selling your property, you
want the experience to be as pleasant
and profitable as possible. Choosing the
right agent to help you is a big step along
the way to achieving these two aims.
An agent can offer expert help in
various areas, from giving you tips as to
how to present your property for the market
to advising you about the price that is most
likely to achieve a successful sale.
But how do you know who is the right agent for you?
276 Maitland Road
Mayfield NSW 2304
T: 02 4960 0499
F: 02 4960 1899
E-mail: [email protected]
Web: www.dowlingmayfield.com.au
Disclaimer Notice: Neither Dowling Mayfield,
its principals, nor Newsletter House Pty Ltd, nor
the publishers and editors of articles in this issue,
accept any form of liability, be it contractual, tortious
or otherwise, for the contents of this newsletter or
for any consequences arising from its use or any
reliance placed upon it. All the information contained
in this publication has been provided to us by various
parties. We do not accept any responsibility to any
person for its accuracy and do no more than pass
it on. All interested parties should make and rely
upon their own enquiries in order to determine
whether or not this information is in fact accurate.
©Newsletter House Pty Ltd 2016
Ph: 02 4954 2100 www.newsletterhouse.com
Ask around
If you haven’t dealt with a real estate
agent before, a good starting point is to
talk to anyone you know who has sold a
property and ask the name of the agent
who helped them. You can also check
recent local sales of properties similar to
yours, and contact the agents who sold
those properties. As well as providing you
with information about the local market,
talking to these agents will help you to
decide on the one with whom you feel you
have the right rapport and trust.
Be businesslike
You need to feel comfortable with your
agent but you also need to remember
it is a business relationship, with both
parties hoping to benefit from a successful
result. Don’t be afraid to check the
agent’s experience and to ask how much
commission will be charged.
Be realistic
As well as being guided by your agent’s
knowledge of the market, you should also
do some homework yourself to make sure
you have some idea of the top and bottom
prices you could expect for your property.
An agent who suggests a price that seems
unrealistically high may not be the best
person to sell your home.
Ask questions
The right agent should be able to
communicate well and to explain the
selling process to you. Ask about costs
such as advertising, check the proposed
marketing program, enquire about
whether open houses would be beneficial
and get your agent’s opinion about the
presentation of your home. The answers
should help you to know whether you will
be happy to entrust your valuable asset to
this agent.
Database Of Investors
Key To Successful Sale
Dowling Mayfield Principal, Joe Di
Claudio, knows the local market like
few others and his recent sale of 465
Maitland Rd, Mayfield West is a prime
example.
While the vendors were setting to the
tasks, Joe began the process of matching
the property’s features against the criteria
of qualified buyers on the agency’s long
established database.
of the qualified buyers on the database.
The property had been listed for sale
with a non-Mayfield agent for three months.
An email alert to these buyers
highlighted the block size of 543m2 - big
enough to accommodate a granny flat.
“We deal extensively with investors,
from mum and dad first time investors to
property developers, and we know what
they are looking for.”
The moment Joe set eyes on the
property he identified the key issues that
needed attention in order for it to sell.
Heading this list was the conversion of
a sunroom into a bedroom, thus making it
a true three bedroom home.
Joe had an offer in the first week and
a second at the first open house that
attracted more than 20 inspections.
In just two weeks the cement rendered
brick home was sold for $470,000 to one
“Local knowledge is just so very
important when it comes to marketing
properties such as this one,” Joe said.
Joe said that there is a strong, unmet
demand for similar properties and he has
buyers waiting.
We Have The Experience And Local Market Knowledge You Need
Joe Di Claudio
Licensee & Registered Valuer
0412 25 1434
Maria Di Claudio
Sales Consultant
0413 690 105
Bradley Page
Licensed Real Estate Agent
Auctioneer
0403 496 891
Call one of our sales
specialists to sell
your property.
You won’t regret
the decision
How to get it right
as a new landlord
Avoid these mistakes:
To succeed as a property investor, you need to avoid certain pitfalls
Mistakes made by some new
landlords include:
Treating it as a hobby
The best investors remain unemotional
about their properties. If you drive past
each week to check the roses, perhaps
you need to consciously distance yourself
from the property.
Making friends with tenants
It’s not easy to serve an arrears notice
on someone with whom you have a close
relationship. The same applies to rent
increases and bond claims.
Thinking of it as home
Not having a depreciation schedule
A depreciation schedule is the
inventory of items that can be depreciated
to claim a tax deduction. By investing a
few hundred dollars to have a schedule
prepared you can save thousands of
dollars in tax.
Not increasing rents regularly
A small, regular rent increase is much
better than a large, infrequent one that
shocks the tenant so much they move out.
As long as the increase is reasonable you
should have no problems with your tenant.
properties in interest only loans until they
eliminate non-tax deductable debt.
Forgetting the bigger picture
Using the wrong accountant
Good accountants who understand
property are worth their weight in gold.
Such an accountant can advise you as to
how to structure your property portfolio
around your plans.
Good investment opportunities can
be missed if investors judge properties
by their own needs. For example, you may
choose not to live in an apartment with no
parking, but one close to public transport
may be a great investment.
In the excitement of buying your first
property, you may forget the bigger picture
of building a portfolio. Remember, the
greater your equity and rental returns,
generally the more you can borrow towards
that portfolio.
Neglecting the property
Paying down in the wrong order
Failing to use an experienced
property manager
Improvements such as a coat of paint
or necessary repairs can make a big
difference to the value of your property
and increase the rental yield substantially.
It can be tax effective to pay down
non-tax deductible debts (such as home
loans) before a tax deductible investment
debt. Most investors have their investment
For a couple of dollars a day a property
manager can save you thousands by
ensuring your vacancy rate is low and your
property obtains the highest possible rent.
We Have The Property Management Team You Have Been Looking For
Our trained, professional property managers will look after
your property as though it were their own
Deanne Morrall
Senior Property
Supervisor
Hunter Scott
Property Manager
Teresa Stefanoff
Property Manager
Deborah Hutchinson
Property Officer
Blake Nugent
Property Officer
Franca Cannone
Property Management
Administration Assistant