Pest and Termite Inspection Larrakeyah NT 0820
Considering buying a 2 bedroom unit in Larrakeyah? Currently, a unit there will cost you upwards of $385-500k+. Not the cheapest suburb in Australia by a long shot, but definitely one of the nicer ones, especially being that close to the water!
With a split that seen nearly 63% of the demographic as single, and not surprisingly also sees that same number, 63%, as renting as opposed to the 15% who own their home outright, it might be the perfect time to consider buying a unit here is an investment property.
It's also been doing extremely well with its capital gains, growing at an average rate of 10.05% over the last year!
For clarities sake, if you buy a property there for the full $500,000 above, and have saved up the 20% deposit, that means you need a loan of $400,000 from the bank. At 5% over the full 30 years, that makes your weekly repayments out to be $495.19. Compare that to the median advertised rent of $480, and the place almost starts to pay for itself. (That rent figure is likely higher than that for a $500,000 property)
To make sure that this property is going to keep paying off, get yourself some peace of mind by having a Pest and Termite Inspection carried out before buying it, to make sure you're not going to be slugged with any hidden costs and damages later on.
According to the Australian Bureau of Statistics, the Northern Territory is one of the highest growing areas for mortgages; the average sitting at around 65%, while some places have seen as high as 125%!
So it's absolutely imperative with the rising costs associated wit the area that you protect yourself from any hidden costs. By the time you actually see termites, its often too late to do much about them, and calls for a large, oft expensive renovation to remove them.
Asbestos, pests, termites and structural defects could further impact mortgage repayment pressures in the years to come.
When choosing a Building and Pest Inspector be sure to ask them the following questions:
- Do you have professional indemnity and public liability insurance?
- How long have you been inspecting houses in Larrakeyah and the surrounding suburbs?
- Are you a licensed builder?
- Will you check the roof of the house?
- How will you identify any pest, termite or rotting woods behind the walls?
- Do you know or have any affiliation with the real estate agent you are dealing with on the property being inspected?
If you are not satisfied with the Building Inspectors answers to each of these questions then contact another building Inspector in Larrakeyah.
Our licensed property inspectors are always happy to answer all of the above, so feel free to book in an inspection
Phone: 1300 657 546
Booking: CLICK HERE