Looking to Buy?

Whether you are buying for the first time or are a seasoned buyer, the Jump team will provide you professional advice and support throughout the buying process. The Jump team are up to date with any grants or concessions that may be available to you such as the First Home Owners Grant or the Seniors Housing Grant. See revenuesa.com.au for more information.

So, what can you expect when buying a house?

Gather your team & get your house in order!

Talk to your mortgage broker as they can assist you to understand the many lending products available and help you establish your buying capacity. A good broker should keep you updated as banks have ever changing policies, let the broker do the heavy lifting!

Find a conveyancer who will assist with the legal component of purchasing and the settlement process. If you don’t have a conveyancer ask the team from Jump, we can offer a referral to several trusted professionals who we deal with regularly and know to be prompt, efficient with great communication & service.

Go house hunting

The fun begins! Set up alerts on websites such as domain.com.au or realestate.com.au for property coming onto the market in areas of interest to you. Prepare a wish list of the features of your ideal property.

Get out and about and visit as many properties as you can to develop an idea of the market in your chosen area. Attend opens, talk to the Agent and take notes. Use online resources (such as pricefinder.com.au) to gain an idea of sales in your suburbs of interest. Speak to Agents and tell them what you are looking for and asked to be put on their data base so that you can be contacted when a property comes up that matches your housing needs. There are sometimes ‘off-market’ properties that are sold directly from the agent’s data-base.

You have found a property you like and want to make an offer

Now things are getting interesting! Ask for the Form 1. This document should be available to review when the property goes to market and is a disclosure by the vendor about their property, about such details as council rates, council approval for improvements and additions, whether any other party has an interest in the property or if the property has any easements. There are different rules about the Form 1 for private treaty and auction. Use your conveyancer to navigate and understand the Form 1.

Completing an Offer Form / Letter of Offer is not the same as completing a contract. The Agent will be in contact and invite you to sign a contract of sale which becomes legally binding once the vendor agrees to & accepts your offer.

Buying at auction requires that you have undertaken your research on the property, including any building & pest inspections before auction day and that you have your finance arranged. When buying at auction you sign a contract of sale. This is legally binding and unconditional as there are no cooling off rights (see below) and cannot be subject to any conditions (also known as ‘cash-unconditional’). You will need to pay the deposit (or part thereof) on the day of the auction.

Going to contract

For private treaty / by negotiation sales the ‘cooling off’ period is two clear business days. This allows purchasers to organise a building inspection or pest inspection and they can withdraw from the sale if there are any concerns.

Once the cooling off period has ended you will be required to pay a deposit (often 10% of the purchase price). This is paid to the selling Agent and is held in their trust account until settlement; their office will provide you details and instructions on how to make payment.

You may also have a subject to finance clause and a time frame (usually 14 days) in which your bank or broker needs to obtain formal approval of your loan. A valuation may be required on the property you are purchasing, this can be arranged by your broker or bank.

Settlement

Your conveyancer will support you through the settlement process and advise on what you need to have in place prior to settlement. It is a complex legal process whereby your conveyancer will verify your identity, prepare transfer of land documents, book settlement with your bank, transfer titles, and calculate rates and taxes. Once settlement is completed you will be contacted by your conveyancer and you will be able to collect your keys.

The fun bit!

Pick up the champagne. Order the takeaway. Get over to your new abode to celebrate your new purchase with your favourites!

FEATURED PROPERTY
Beautifully Presented Spacious Apartment, Freshly Painted, New Carpets, Centrally Located & Secure, Ideal Home Or Investment.

20/5-19 Goodall Parade, Mawson Lakes, SA 5095

Conveniently positioned in the heart of Mawson Lakes, this immaculately presented 1st floor apartment has just undergone a transformation with a bright neutral colour scheme that reflects a more stylish & sophisticated on-trend look; featuring natural white paintwork with gorgeous charcoal carpets providing the perfect back drop that you will love adding your furniture and artwork to.

Offered with vacant-possession that will suit an owner-occupier & investors alike; allowing a fresh start for either a home owner or maximising the appeal to the most discerning young single / couple / professional tenant/s. Mawson Lakes is a hive of activity and has become well known as being a knowledge, technology, information & education precinct with great public transport and expressway connectivity to the CBD.

Built in 2006, the complex is modern & contemporary in design whilst secure swipe-pass entry, internal lift access, & swipe-pass access ground-floor carpark with auto roller-doors offer convenience, peace of mind, & added user appeal.

On arrival you will be very impressed with the winning combination of having 2 well-proportioned bedrooms; a well-equipped kitchen complete with dishwasher, ample bench & cupboard space; generous open plan meals & living area flowing seamlessly to a wide private balcony that all come together to provide generous accommodation, a desirable alfresco living area & desirable low-maintenance living with the security of a modern complex with swipe & intercom access to those that you choose to allow in.

A summary of features includes:

• Immaculately presented throughout, with new charcoal carpet and fresh paint throughout

• Spacious open-plan meals & living area

• Modern kitchen with dishwasher, ample bench/cupboard space

• 2 generously proportioned bedrooms, both with built-in robes

• Crisp & clean bathroom with self-contained laundry facility

• Split-system reverse-cycle air-conditioning for year-round comfort

• Generous private balcony offering extended alfresco living

• Intercom system linked to main entry

• Secure entry + lift (& stair) access

• Secure carpark with allocated car space

For investors looking to start or grow their portfolio, Mawson Lakes typically enjoys strong rental demand courtesy of the University & growing Defence sector including notable demand from Defence employees based at the Edinburgh RAAF base & Osborne AWD & Submarine Yard (given the comparatively quick travel time).

Boasting notable convenience, the apartment is located half-way between Foodland & Woolworths, & in close proximity to Aldi Supermarket, Mawson Lakes Primary School, Endeavour College, The University of South Australia (Mawson Lakes Campus), The Mawson Lakes Hotel, The Mawson Lakes Interchange (bus & rail), numerous cafes & restaurants, & parks, Mawson Lakes Golf & Country Club, sporting facilities, & walking trails (including those around the main lake). The Northern Expressway also provides surprisingly quick access to Semaphore & Largs Bay Beaches a mere 20+ minutes away. As locations go, Mawson Lakes offers incredible convenience that's hard to beat.

Immaculately presented & well-equipped apartments such as this can be a rare find in any market, & accordingly we encourage your prompt inquiry to avoid disappointment.

*** PROPERTY OUTGOINGS & PARTICULARS ***

Title: Community Strata Plan

Council: City of Salisbury

Zoned: UN Urban Neighbourhood

Year Built: 2006

Total Area: 110SQM approx.

Council Rates: $ TBC / PA

ESL: $ TBC / PA

SA Water: $ TBC / PQ

Community Admin Fee: $ TBC / PQ

Quarterly Sinking Fund: $ TBC / PQ

All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal advice.

Call Kevin from Jump Property on 0432 375 216 (RLA260 752) today to find out more about this superb opportunity to buy into a relaxed coastal lifestyle.