Buying property? Then this blog is for you!!

This blog helps the property buying community to more easily share strategies, stories and helpful tips. It is an open blog. Anyone can join, contribute and invite others to join.

If you would like to talk property, please contact us:
Office: 1300 911 576
Martyn Fleming: 0400 000 822
Guy Clarke: 0409 055 128
E: enquiries@morpheusproperty.com.au
W: www.morpheusproperty.com.au
_________________________________________________________________

Showing posts with label Buying Property. Show all posts
Showing posts with label Buying Property. Show all posts

01 August 2011

Changes to Boost & Stamp Duty take effect today, 1 August 2011

As of today, there are a few adjustments to how stamp duty is calculated for home owners.

Important points:
  • $10,000 boost when building a new home (PPoR or IP) for anything less than $600k
  • Removal of 'Home Concession' stamp duty concession (now investors pay the same as home owners)
  • Changes to First Home Concession and Vacant Land Concession (some compensation for the removal of 'Home Concession')
  • Changes to Stamp Duty rates
So what is the impact pre & post 1st August 2011 in Queensland? Below are a few examples describing the four main components: stamp duty, concession, first home owner's grant & the building boost grant.

First home owner - Building New @ $450k


First home owner - Buying Established @ $450k


Investment Property - Building New @ $450k


Investment Property - Buying Established @ $450k


04 July 2011

Do we qualify for a Lunchbox Session with Morpheus Property?

Morpheus Property make life easier for people wanting to buy property. We deliver on this promise from day 1.

Although Morpheus host a variety of events, we also cater for our busy professionals. We bring our high quality seminars to your workplace where there are 20+ staff members.

Your Buyer's Agent will come to your workplace and cover two of our most popular topics. These topics are carefully chosen to help people achieve better results when buying property. It's delivered in the following format.

Session 1:
20 min - Market Update
10 min - Q & A

Session 2:
20 min - Property Negotiations
10 min - Q & A

Your Morpheus Property Buyer's Agent will deliver the material on-site. This is usually in your training room, boardroom or auditorium and allows you to eat lunch at the same time.

The Q&A segments offer a chance to participate and ask all the questions you'd like to ask an experienced property Buyer's Agent.

How to organise your Lunchbox Session?
Contact Morpheus Property on 1300 911 576 and speak to your local Buyer's Agent. They will arrange a suitable time to visit, set up and offer useful some valuable information.

Employers - This is a great opportunity to show you care! This is a simple and easy way (and doesn't cost you anything) to ensure your staff members are investing their income wisely and creating wealth and a better lifestyle. Morpheus Property offers solutions to employees where we'll do the property research, hunting, inspecting and negotiations while they work. The efficiency gains are very attractive for employers.

Employees - If you'd like us to run an event at your workplace, just send us your employer or HR Manager's contact details and we'll make the arrangements.

27 June 2011

Wednesday, 10 August: "Commercial Property - Options for Business Owners"

Affectionately called, “Night at the Local”, Westpac at Aspley is opening the doors after hours and extending a warm welcome for you to join us.



“Commercial Property - Options for Business Owners”
"Commercial Property - Options for Business Owners" deals with the dilemma faced by business owners where we:
  • don't have enough room for our staff members
  • need to move our operations
  • need to manage redundant space
  • have limitations on growing the business due to space
... all the issues that present a commercial property problem.

The options seem quite clear cut from the outset (buy or lease), but the solutions can involve a great deal of creativity. This workshop explores what's possible and how to make it happen sooner, rather than later!


Guest speaker is Martyn Fleming from Morpheus Property. Martyn represents buyers of residential and commercial property. Morpheus Property’s services include property searching and analysis and is constantly dealing with business owners struggling to work out how to approach commercial property.

During this engaging workshop, Martyn will offer both a decision making framework and proven process for taking the next step!!

In a relaxing atmosphere, you will have the opportunity to learn, interact and ask questions.


When 6:00pm – 7:30pm Wednesday, 10 August 2011
Where Westpac Bank
1374 Gympie Road, Aspley, Brisbane

Click here for directions

RSVP please contact Bank Manager, Mel Pope using the following details: Mb: 0410 446 502 Ph: 07 3630 9222 Em: mapope@westpac.com.au

To be notified of future events, join us at www.meetup.com/morpheusproperty/

• Drinks and canapés provided
• Networking is encouraged, so bring your business cards
• Door prizes (sourced from local businesses)


These events are an excellent opportunity for you to meet and mingle with members of the business community and your local banking personalities.

17 June 2011

Join us at www.meetup.com


As most of you know, Morpheus Property run free information sessions & workshops. We also run structured courses on property-related topics and are guest speaker at other events as well.

A summary of events can now be found at: www.meetup.com/MorpheusProperty/

We'd love you to join us if you're already a www.meetup.com member. If you're not a member, I can thoroughly recommend joining, as it won't cost you anything and can really help if you're:
a) expand your business network
b) looking for information on a topic
c) looking to meet experts in a particular field

Our first event registered in www.meetup.com/MorpheusProperty/ is a Night a the Local with Westpac Bank in Lutwyche, where we'll be talking about "Negotiation - Art or Science?"

Hope to see you there!

Wednesday, 22 June 2011: "Negotiation - Art or Science?"

Affectionately called, “Night at the Local”, Westpac at Lutwyche is opening the doors after hours and extending a warm welcome for you to join us.



“Negotiation – Art or Science?”
"Negotiation - Art or Science" explores the way we resolve conflict to achieve what we want in business and in life. The workshop will help you understand your negotiation style, your inherent strengths & weaknesses and how you can use these to your advantage.

Guest speaker is Martyn Fleming from Morpheus Property. Martyn represents buyers of residential and commercial property. Morpheus Property’s services include property searching and analysis, however, Martyn is a best known for his talent in negotiating great deals.

During this engaging workshop, Martyn will share his most valuable negotiation secrets!! In a relaxing atmosphere, you will have the opportunity to learn, interact and ask questions.


When 6:00pm – 7:30pm Wednesday, 22 June 2011
Where Westpac Bank. Centro
543 Lutwyche Road, Lutwyche

Click on the map for directions -->

RSVP Kerry Walker (Bank Manager) on:
0429 462 877 or kerrywalker@westpac.com.au

• Drinks and canapés provided
• Networking is encouraged, so bring your business cards
• Door prizes (sourced from local businesses)


These events are an excellent opportunity for you to meet and mingle with members of the business community and your local banking personalities.

16 June 2011

DIY or use a Buyer's Agent?

We live in a well informed society, don't we?

The internet has made a real difference to the sheer volume of information we can tap into. This information is quite useful when assessing the property market, as well as searching for and analysing individual properties.

However, the average person doesn't buy property very often. Chances are, you won't buy property more often than a few times in your lifetime (unless you have a large property portfolio, frequently change address or are involved in property development). Because this is an infrequent task for us, it's difficult to develop as a skill.

Do you get the feeling I'm about to suggest everyone use a Buyer's Agent?

Well, that all sounds logical to the folk at Morpheus Property (we're a little biased), but that ignores the fact that some people will always want to:

- do their own taxes and avoid paying an accountant
- mow their own lawn and not give the next door neighbour's kid some pocket money
- have a crack at renovating their own bathroom and not pay tradies to do it for them (at least not to begin with)


Yes, some people simply enjoy doing things for themselves!

We understand this. We love what we do for a living, so it's highly likely that other people will enjoy it too. Also, some people will always be attracted to the DIY model (irrespective of the task), but they can fall into some pretty serious traps along the way. There is a problem with the DIY model when buying property - if you learn through your mistakes, they can be quite costly and take many years to recover.

Unfortunately, we hear way too many stories where DIY buyers have told us about their recent purchase, leaving us cringing and politely reassuring them that they got a great deal. This happens too often, so we looked for a solution where our DIY buyers still get the support they need. At Morpheus Property, we offer our clients a budget solution, meaning you still do most of the legwork, but you have an expert in your corner.

There are three main levels of support:
1. Property reports (called "MPA Reports"), which analyse each property thoroughly before you buy. More info >>
2. Mentoring by your own Buyer's Agent. More info >>
3. Courses to learn more about the buying process and how to do it properly More info >>

At this stage, the most popular selection has been our mentoring service combined with our MPA reports. We're delighted that DIY buyers are getting a layer of protection in achieving their property goals and we're hearing less disaster stories.

If you'd like to know more about these services or you know someone who is muddling their way through the process and could use our help, please pass on our number and recommend they give us a call: 1300 911 576.

01 June 2011

Want to take control of your super?

Investing in a Self Managed Super Fund or SMSF? This isn't fresh news off the press, but this is a worthwhile reminder for anyone:
- wanting to invest in property
- with a combined income over $80k
- with a super fund over $130k
- wanting to take control of their superannuation fund
For many people falling into this category, the idea of borrowing money to buy property in your super (getting leverage) and taking control sounds like a good idea. However, it's often difficult to know where to begin.

To help you achieve this goal, you need a team of professionals to support you. At Morpheus Property, we've assembled the team and are ready to help you take advantage of this popular wealth building strategy.

The first step is to get some good advice from competent professionals. To find out more, contact us on 1300 911 576 or send an email to enquiries@morpheusproperty.com.au

30 May 2011

Walk the block and meet your neighbours!

As a buyers agency, we've developed a comprehensive checklist for inspecting properties. Our agents use this to ensure our clients get a comprehensive opinion and anything identified is brought to their attention.

As you can imagine, there is a wide array of topics covered on our checklist and if I were to brain-storm this with you, we'd have many items. Here's the last item on my list that I find invaluable and should be yours... "Go for a walk!"

That's right, go for a walk and meet your new neighbours. At this point, you will find out things you didn't know about the property, the mood in the neighbourhood and any potential misgivings about living there.

You see, you can (and should) do all your research and ensure the numbers are right. You should check to see that it has the right amount of space, shade, natural light, air-flow, fittings, etc. It should offer a good return on investment and be in a strong capital growth area (for our investors), ... whatever the property needs to meet your purchase objective.

However, when we buy a house, it's not the building and land we're really buying, it's a living experience. If that experience is made to feel like hell-on-earth due to high levels of friction in the neighbourhood, then it's unlikely to be a good deal.

After I've inspected a property inside and out, it's also part of my inspection routine to include a lap around the block. I introduce myself to the neighbours and politely ask them a few questions. It's amazing what they'll tell you!

During my walks over the years, I've heard many interesting stories:
- who has an Apprehended Violence Order (AVO) against who
- various types of neighbourhood conflict
- all sorts of questionably legal activities ("herb" gardens, frequently visiting customers of "herb" gardens, etc)
- what happens in the local park across the road
- the meddling retired lady, who visits everyone at least daily
- the rock band or Playstation enthusiasts, who practice until 3am most nights of the week
- how much people are paying as tenants
- planned (but not registered) renovation and development activity

Don't forget, this information is also highly relevant for property investors. Bad neighbourhoods will have an impact on your tenancy retention and ultimately, the return and value of your property.

About 10% of the time, this 'street intelligence' has resulted in us crossing a property off the list. Sometimes, it can reveal an opportunity you weren't aware of or give you the confidence that your new neighbours are likely to welcome you into the area. As an additional benefit, if you do buy the property, you'll already know some of your new neighbours!!

Happy hunting!

12 May 2011

A sense of 'Fair Play'

Some people ask:
"Why Morpheus Property?"
"What sparked the concept?"
"How have real estate agents reacted to your presence?"
Good questions!!

Historically, people selling property would engage a real estate agent to sell their property. Buyers were left to their own devices under the concept "caveat emptor" or "buyer beware".

As many buyers were ill-equipped to lock horns with a seasoned negotiator, the balance of power was clearly in favour of people selling real estate. It was common for real estate agents to befriend buyers to the extent that buyers were unclear about who the real estate agents were working for.

Feeling the plight of buyers and to fix this imbalance, Martyn Fleming & Guy Clarke (the founders of Morpheus Property) sought to introduce an expert opponent to the equation. Morpheus Property was established to provide a level playing field in the real estate industry, starting in the Brisbane area. The dream - a sense of fair play in real estate transactions.

When Morpheus Property began representing people buying property, we noticed vastly different reactions from real estate agents. There was a mixture of elation, confusion, cautious civility, and many were downright rude and hostile.

These reactions were perfectly normal!!

We dared to change the very dynamics of the industry and with change comes pain and resistance. We changed how agents would interact with buyers (a significant part of their work). Some agents began to doubt their greatest skill - negotiation!

As the dust settled, we're finding that real estate agents are still cautious about dealing with Buyers Agents. However, most agents seem to appreciate the clarity in the new world order. They are more confident when the Buyers Agents are looking after everything the buyers need to attend to during a property purchase transaction, so they can focus on their vendors. For everyone (including the vendors and real estate agents), the process now runs more smoothly and with less hiccups.

Better yet, buyers are getting the representation they deserve!!

05 March 2011

Event: The Great Debate, 16th March "Property, Shares or Business" - What's best?


TO REGISTER, GO TO: http://www.wealthyfrog.com.au/event/event/detail/event/9037

Brisbane: The Great Debate 2011
The Great Debate - expanded! Property, Shares or Business- what's best to create wealth?

The age old debate by investors about whether shares or property are the better investment is just as controversial as the chicken or the egg debate! This year, we are adding the dimension of Business as an equal contender!

Our debaters are strong advocates for their side - it's sure to be an interesting evening followed by what promises to be lively discussion and question time.

TO REGISTER, GO TO: http://www.wealthyfrog.com.au/event/event/detail/event/9037

OUR DEBATERS:
Martyn Fleming, Morpheus Property - known for his passion for property!
Jeff Kumnick, RBS Morgans - a solid share man!
Bill Doyle, Altitude Communications - business = money in Bill's world!

Who should attend:
1. Share and property investors, business owners
2. Potential property or share investors or those looking to start a business
3. Property investors with equity or cash (but not enough for their next property purchase)
4. Those interested in an interactive discussion about investing in shares, property or business and the respective upsides and downsides.

We look forward to welcoming you to an interesting evening!

Contact:
Phone Enquiries: 1300 852 664
Email Enquiries: claire.grlj@wealthyfrog.com.au

When:
16 March 18:30 - 21:00

Where:
Brisbane Worker's Community Centre
Cnr Given Tce & Latrobe Tce
Paddington, Queensland


TO REGISTER, GO TO: http://www.wealthyfrog.com.au/event/event/detail/event/9037

24 January 2011

Queensland Floods and Property

Morpheus Property would like to extend our thoughts to everyone feeling the impact of our recent floods in Queensland.

We know these are tough and tragic times for families all over Queensland. After getting muddy with home owners in the Brisbane area, you couldn't help but be encouraged to see so many Queenslanders chipping in and getting their hands dirty.

We'd like to also applaud the efforts of all the behind-the-scenes volunteers who helped with the clean up. We saw mums baking cakes, plenty of donations (money and essential goods), people sharing their gardening tools and equipment, shop owners spreading food and refreshments to the home owners and volunteers and a generally giving attitude from so many people. It makes you proud to be a Queenslander!!

In the aftermath, we have fielded a variety of property related questions, ranging from flood relief packages, insurance, tenant v landlord responsibilities, the impact on prices in both flood-affected areas, as well as neighbouring suburbs.

For those directly affected, I recommend contacting Centrelink first on Ph: 180 22 66 and they can help process your initial relief claim, as well as point you in the right direction for the Premier's Flood Relief Package.

We are able to report that none of our clients were affected by the recent flooding and this is not by accident, but by design and diligent processes. There are some simple methods you can use to ensure you're investment has reduced risk of damage by flooding or overland flow.

We have also fielded some questions about the buying process and how to best protect yourself in case your conveyancing efforts discover the property you're buying is flood. We'll write a separate article on this soon. However, if this (or anything else) is an immediate concern to you, please feel free to call us on 1300 911 576.

06 December 2010

INTEREST rates could stay on hold until April... Tim Blue From: The Australian December 06, 2010

INTEREST rates could stay on hold until April as the Reserve Bank considers soft economic indicators and listens to nervous retailers.
The bank meets tomorrow to decide on its next interest rate move, with no change expected.

"RBA governor Glenn Stevens has clearly indicated that the current level of interest rates is appropriate for the 'period ahead', given the additional increases in bank lending rates last month and the strong Australian dollar," AMP Capital chief economist Shane Oliver said yesterday.

"We don't anticipate the next tightening to come until April at the earliest.

"The soft patch in the economy shown in recent data also supports the case for interest rates staying where they are for now."

Economists claim to see "clear signals" from the RBA that rates will not be moving for some time.

Tim Blue From: The Australian December 06, 2010 12:00AM


CLICK ON THE LINK FOR THE COMPLETE ARTICLE
Yours in Property

02 December 2010

Go Green and Save Money

In delivering property solutions, many of our clients are starting to think and act 'green', especially our commercial clients. Colette Quelhurst and her team can help business owners improve bottom-line results by adopting a green focus, which is appealing to an ever growing number of environmentally discerning clients.

Below is a recent article explaining their services in a little more detail. If you would like more information, contact Colette on 0431 699 771 or 3203 8232. Their website is packed full of interesting facts and information - http://www.greenbizcheck.com/

Pictured: Peter Sobchuk from Goodlife Accounting with Colette Quelhurst from GreenBizCheck.

MOST businesses can make changes to become more environmentally responsible. And GreenBizCheck franchisee Colette Quelhurst says a green credentials assessment can also help cut costs.

The Scarborough resident has been running the North Brisbane branch for the past few months and said the audit process was recognised globally.

‘‘Businesses having a certain level of sustainability will become mandatory in a couple of years so we are getting them ahead of legislation,’’ Ms Quelhurst said. ‘‘I am finding that at this stage many people don’t understand what the process is but I am here to talk them through the benefits of an assessment.’’

GreenBizCheck provides businesses with a 260-point online assessment, with immediate reporting and action planning. The process was designed to help businesses reduce their impact on the environment, by reducing waste, energy and water use.

Ms Quelhurst said apart from the obvious benefits of pollution reduction and cost saving, other benefits for organisations to go green included saving money, motivating staff, attracting ecosavvy customers and utilising green credentials for marketing and PR.

‘‘We offer a 100 per cent moneyback guarantee if clients do not save at least the cost of certification,’’ she said.

01 December 2010

New Queensland Pool Safety Laws start 1st December 2010 - Today

The Queensland Government has introduced new pool safety laws aimed at reducing the numbers of children drowning in Queensland swimming pools. These laws affect new and existing pools.

Stage 2 of the new laws commence on 1 December 2010.

There is a vast range of information and resources available on the Queensland Governments Department of Infrastructure and Planning Website.

From 1 December 2010, pool safety certificates are required when selling or leasing a property with a pool. Pool safety certificates must be obtained from a licensed pool safety inspector. Information for pool owners, pool safety inspectors and pool safety inspector course providers is available on the Department of Infrastructure and Planning website: http://www.dip.qld.gov.au/poolsafety.

Find a Licenced Inspector here:
https://www.smarteda.qld.gov.au/pools/inspectors/inspectorSearch.action%3bjsessionid=3D199030FF5A5A8BCE9907E0F40C5FD3

Pool Safety Fact Sheets: If you are Selling or Leasing a property these facts sheets contain some very valuable information:
http://www.dip.qld.gov.au/fact-sheets/pool-safety.html

New Pool safety Flyer
http://www.dip.qld.gov.au/resources/poolfencing/pool-safety-brochure.pdf

New Pool Safety Guidleines
http://www.dip.qld.gov.au/guidelines/pool-fencing-guidelines.html

New Pool Safety Forms
http://www.dip.qld.gov.au/forms-templates/pool-safety-forms.html

All properties with regulated pools need to be included in the state-based pool safety register by May 2011. Initially Local Governments are including details of pools on the register. Pool owners will need to check the register to ensure their pool is registered.

Free public information sessions have been held across the state and there are two more of these sessions left. These information sessions are an opportunity for you to hear more about the new pool safety laws and what they mean for industry, business and pool owners.

Tuesday, 7 December 2010 2.30 pm - 6 pm Brisbane North Arana Leagues Club, 274 Dawson Parade, Keperra.

Monday, 13 December 2010 2.30 pm - 6 pm Ipswich Ipswich Golf Club, 1A Samford Road, Leichhardt.

For more imformation about these sessions contact:

Building Codes Queensland
Telephone: +61 7 3239 6369
Fax: +61 7 3237 1248
Email: buildingcodes@dip.qld.gov.au
Location: Level 5, 63 George Street, Brisbane, Queensland
Postal address: PO Box 15009 City East, Queensland 4002



If you have any questions contact Morpheus Property on 1300 911 576 or send us an email - enquiries@morpheusproperty.com.au. We can direct you to a licenced expert in your area.

Yours in property
Morpheus Property

22 November 2010

Market Research

If you're after a property market update and forecast, feel free to give us a call.

At Morpheus Property, we access and interpret a wide variety of news and research publications to help ensure we give our clients competent advice.

For the typical investor, researching the market comes from plenty of reading. However, not everyone's singing off the same hymn sheet. Some will sound like the end of the world is near and others will be quite optimistic.

First step is to identify the more credible sources of information, particularly those that take a more comprehensive view and appear to be well funded in their research. Then look for an aggregated opinion of the credible sources.

As you read through the many publications available on the web, you'll notice that some information will be more relevant to you and some will be quite redundant.

Here are a couple of reports from Westpac that you might find interesting. They cover 2010 - 2012 and cover residential and commercial property:
- Sydney Market Update
- Melbourne Market Update
- Brisbane Market Update
- Adelaide Market Update
- Perth Market Update
- Canberra Market Update

These days, we often live in a world of 'information overload'. At Morpheus Property, we can help you make sense of what's being said and how you can best take advantage of it.

As always, there are plenty of opportunities out there and we'll help you find them!

18 November 2010

What a Morpheus Agent looks for when inspecting a property? Your home or investment property!

Outside the Building

The first thing you should do as you arrive and walk up to any property, is to look at the roof from a distance. Does it look clean, in good repair or does it look poorly maintained and in need of replacing?

Inspect Decks, Verandas and patios.

The things to watch for here are:
• The quality and condition of all timber including the balustrades
• Ensure any footings comply with building standards and do not provide access for pests or opportunity for wood rot to set-in.
• The springiness of the floor boards could indicate they are spaced too far apart or are beginning to fail.
• External flashings to roofs and windows should be regularly monitored for water resistance
• Ensure good design principles have been followed and relevant Building Codes or legislation met by having a licensed inspector perform a building and pest report.

Underfloor space

Examine the condition of all building, shed and patio slabs, paying special attention to concrete cancer, dampness and damp damage. Underfloor space should have good drainage and ventilation in order to prevent timber rot. Common defects are dry rot or broken timber members. Steel members are unaffected by age, however could be affected by chemicals or heat. Look for concrete cancer and spot damage to slabs it is found.


Car lock-ups, ports and sheds

Check at the practical size of car spaces and the storage of other equipment particularly if there isn’t a shed. Conduct the same inspection you carried out on the timber deck, on any wooden car-ports.

See if the property has a shed and how practical it is in size and layout. The point to note here is that if the property lacks a shed or other appropriate storage then more than likely all that stuff that normally goes into a shed is going to end up in your garage. And this could mean that eventually your car ends up in the driveway or worse still, on the road.


Roofing - The wind and rain

The thing to watch for here are the quality of fixings for the battens and roofing, affixing roofing material to battens requires a special type of screw fixed in a particular way. If it is a tile roof, then the condition of the tiles, ridge cappings and points are the important issue.

Look for evidence of poor maintenance or damage to the roof, with the aim being to make sure that all water drains to storm water mains, road kerb and channel and rubble pits without damage to the building or nuisance to neighbours.

Looking at the quality and maintenance of guttering and drainage which if done properly will prevent water entering the house. Roofing should be bird and possum-proof.


Sewerage, drainage, guttering and roof plumbing

The main issues to look for in this area are the adequacy of the piping in place and how well has it been maintained? A coat of paint can hide a multitude of sins, so don’t confine your inspection to just how it looks. Scratch the surface and see what is revealed.

The number and capacity of down-pipes should reflect the size of the roof area. Make sure gutters are clear of leaves and branches. Ask questions about the sewerage and water pipes and see if there have been any tree root problems. If they exist, they should tell you about any material facts that affect the property.

Check any tanks are properly installed and whether they are gravity fed or serviced by an appropriately sized pump.

Electrical installations

The first point to be made is that ALL electrical work must be carried out by a licensed Electrician. Some points of note to make are that electrical items like air-conditioners are well maintained and clean.

Smoke detectors should be installed in all homes, regardless of their age or whether they are timber or brick construction. Double check all electrical leads, plugs and external equipment such as pool pumps. Outside electrical items can be damaged by wind, rain and constant exposure to the sun.

Check all outside lights and power points are well maintained and in working order.


Gas supply and bottled gas

The connection point of the gas supply to the house can suffer rust and other connection problems. Check bottles and gas fixtures & fittings for leaks and ensure that pipes supplying underground gas are not rusting, particularly at ground level.

All plumbing and gas work should be carried out by a licensed plumber and gasfitter.

House Interior

Bathrooms / En-suite

check all wet areas for adequate water resistant sealing. The cistern and pan should be checked for cracking, leaking and stability. Check the floor for cracking and if concerned in any way use water to test the gradient water flow. If the underfloor to the wet areas can be accessed, check the underfloor for water staining and damage.

Make sure the ensuite has good lighting and sufficient natural or mechanical ventilation. Check the operation of the taps and wash basin.

Kitchen
Things to look for? Check to see if:
• the location of kitchen appliances isn’t concealing any defects.
• The kitchen bench-tops for lifting laminate or water damage.
• The sink taps for water flow, leaking, dripping and water hammer.
• Tiled areas should be checked for loose or cracked tiles or defective grouting and sealant.
• Poor quality construction material isn’t hiding behind bench surfaces. Standard grade chipboard will be quickly ruined by any contact with moisture.
• Make sure all fixture appliances are in working order, including those often forgotten ones such as insinkerators etc …


Laundry

Check the gradient of the floor and how well it drains to the floor waste. Ensure taps operate well and check water flow; leaking; dripping and water hammer. Tiled floors should be examined for loose or cracked tiles and defective grout or sealant. Adequate ventilation is required, either natural or mechanical.

Check behind appliances for damage to walls, floors and to appliances themselves. Full waterproofing around wet areas will help prevent damage by water entering the timber.


Internal roof framing

This inspection should be conducted by a licenced professional because you will have to get up into the roof cavity and know what you are looking for. Your professional should look for bowing and broken timbers. The position and condition of all internal bracing, which will affect the structural capacity of the roof. Roof battens may also be damaged, if there are excessive loads. This inspection should reveal any water leaking or damage from broken or displaced roofing tiles, lifting roofing materials or poorly secured sheeting.


Stairs

Check stairs to ensure stringers, hand rails, posts, treads and risers have not been damaged by rot or rust. Be aware that patches and paintwork can hide defects. Any movement will need to be repaired, as a moving tread or balustrade may gain increased momentum and fail without warning. For external stairs, good protective coatings and weather-proofing will help prevent damage and failure.


Ceilings

Check the ceiling plaster for any evidence of sagging, nails popping, defective lining and surface cracks. Dampness often indicates roofing defects. In cases of severe water penetration, inspect the ceiling joists closely. Heat and humidity coupled with water near the timber, creates an ideal atmosphere for wet rot. Examine the plaster around cornices for looseness or cracking which may indicate structural defects. If in doubt get a licensed professional to make further investigations.


Kitchen, bathroom and laundry Cabinets, Appliances & Fittings

Check all permanently fixed cabinets and appliances in wet and high traffic areas, as they can hide defects under or behind them. All vanities, cupboards and storage systems should be checked for damage to doors and drawers.

Check Vacuum Systems for effectiveness and checked for blockages.

Floors, doors and windows

Floors

All floor types including concrete floors should be checked for cracking and even levels.

Wooden floored areas should be checked for springy and squeaky boards, rot, out-of-level boards, dampness and damp damage. Serious problems can occur where ground floor joists are poorly ventilated, so make sure you inspect sub-floor areas if possible.


Doors

Blemishes on the surface of newly painted areas may conceal corroded frames. Damaged doors are usually easy to detect / notice. Ensure doors and windows operate smoothly. All timber exterior doors are likely to absorb rainwater, as they are rarely painted there. Look for signs of blistering paint or varnish down around the bottom. In some cases the timber swells to prevent proper operation.

Windows

Check for adequate window flashing around mouldings and sills. Any water staining, peeling or loose paint could be indicative of more extensive damage. If a window frame is soft and easily penetrated, it could lead to rotting frames. External surfaces need to be maintained with waterproof flashings and coverings (paint, oils or varnish) so check for evidence of this maintenance.

Housing Build types

Brick & Brick Veneer

Ensure the weep holes in external brick walls are clear of debris. Ensure weep holes under windows and above the Damp Proof Course are visible. Check for dampness and damp damage. Ensure method of water proofing does not create more problems than it solves. A common problem is foundations failure and mortar build up within cavities.

Also look for the tell-tale mud tracks of pest infestation on external surfaces. Garden beds and timber products directly adjacent to the slab and external building walls are danger signs that should be investigated to their fullest extent.

Timber

Paint can be used to cover defects and the use of matte finish paints can be used to hide fresh paint work. Check for water damage and damage due to exposure to the elements. Ensure that house cladding is not covering up defective boards. Check timber stud wall frames for damage.

All timber boards should be examined for rot and pest damage. If there is superficial damage, then determine the cause and extent of the damage. White ant investigation should be done by a licensed Pest Inspector with attention paid to the presence of both physical and chemical barriers. Inspection of garden beds and loose timber or timber products against the structure of the house may reveal white ants or other pest’s problems covered.

Steel

Weathering steels may appear to have good structural adequacy but should be checked very closely. If in any doubt, seek professional advice from a structural engineer or master builder.


Yours in property
Morpheus Property


This article is for the general use of Morpheus Property, its clients. Neither Morpheus Property Group Pty Ltd nor any of their officers or employees gives any warranties nor accepts any liability for any decision with respect to investment or non investment, sale or purchase of property which is made as a consequence of the use of this article.

Morpheus Property Group Pty Ltd believes the statements, information and recommendations contained herein to be correct and not misleading but give no warranty in relation thereto and expressly disclaims any liability for any loss or damage which may arise from any person acting or deciding not to act partly or wholly on the basis of any such statements, information and recommendations.

04 November 2010

"Night at the Local" - 17th November


Affectionately called, “Night at the Local”, your Aspley Westpac Branch is opening the doors after hours and is extending a warm welcome for you to join us.

These events are an excellent opportunity for you to meet and mingle with many of the local business owners and members of the community.


"Investing in Property - Getting it right!"

Guest speaker is Martyn Fleming from Morpheus Property - your local Buyer’s Agency.

Morpheus Property helps people buy residential and commercial property.

This event will focus on property investment and how to really get that portfolio moving. One of the biggest challenges is ensuring investors buy property that suits their individual needs, including the right type, price, location, risk profile, capital growth and return.

Using a workbook approach, Martyn will lead you through the process to identify the class of property that best suits you. It’s an interactive session and you’re encouraged to ask any questions you may have.



Meet Footy Legend, Tonie "Tunza" Carroll

Following an impressive rugby league career at club, state and international levels, Tonie has made his knowledge and skills available to you through TUF or “Tunza Ultimate Fitness”. TUF offer various levels and types of training, including:

  • Corporate
  • Personal
  • RL & RU defensive technique and elite fitness training
  • RL & RU defensive structure systems

To help celebrate a “Night at the Local” with the Aspley Westpac branch, Tonie is offering one lucky winner a FREE 1 hour personal training session. To be in the draw, simply be there on the night!!


When 6:00pm – 7:30pm Wednesday
17 November 2010

Westpac Branch, 1347 Gympie Road, Aspley
RSVP Mel Pope on 3630 9222, 0410 446 502

or mapope@westpac.com.au

Drinks and canapés provided

Networking is encouraged, so bring your business cards

Door prizes (sourced from local businesses)


26 September 2010

Property Investment Seminar on Brisbane's North Side!!

Book now for your FREE Educational Seminar, which explains the fundamentals of investing in property.

As you know, many people in the real estate industry try to sound clever by over-complicating the topic, in an attempt to sell a book or promote themselves. This results in many investors not knowing which way to go, or leaving them in a state of "analysis-paralysis".

Attending our FREE Seminar, you'll hear from property, financial and legal experts on the topics that will give you clarity and confidence to take the next step!


This seminar will be held in Caboolture on the 7th October, 2010. To register, go online to http://caboolture.eventbrite.com.

You'll also have the chance to ask the panel members questions in an interactive Q&A session. If you would prefer to remain anonymous, but still hear answers to your questions, feel free to ask your questions as you register online.

Look forward to seeing you there!

14 August 2010

Property Seminar and Networking Opportunity

29 July 2010

SEMINAR - Buying the right property at the right price!


Consider 6 Key Things Before Investing in Property…

Know what your options are for a well informed decision.

Remember, even if you are buying a home to live in yourself, you should do so with an investment mindset. This event is equally relevant for you and your situation.

You are invited to this must attend information seminar designed for anyone thinking of buying or investing in property.

Hear the answers to important questions, such as:
• What makes a good property investment?
• What type of investment properties are there?
• Which refinancing options are suitable for me?
• How can I utilise my equity?
• How do I start the process?

Gain invaluable investment tips from Morpheus Property –one of Brisbane’s leading property research and investment firms, specializing in sourcing high growth and superior quality residential property.

Gain invaluable information about asset protection from Quinn & Scattini – one of Brisbane’s finest legal firms who specialize in assisting their clients with every legal matter that comes up during a life time.

Seminar 1Date: 4th August 2010
Time: 6:30pm
Address: Icon Bar & Bistro, Raby Bay Harbour,Cleveland Qld 4163
Cost: $30 - ($10 from every ticket will go to Bravehearts).
Coffee and tea provided

Numbers are limited so RSVP at this link - http://clevelandseminar.eventbrite.com/
Yours in property
Morpheus Property