SUBURB DUE DILIGENCE CHECKLIST PROPERTY ADDRESS:

LOCAL COUNCIL:

THE 6 KEY FACTORS TO RESEARCH A SUBURB ARE:

SUPPLY & DEMAND LEVELS

SUBURB ATTRIBUTES

DEMOGRAPHIC HOUSING TYPES HISTORICAL & FUTURE PERFORMANCE

INFRASTRUCTURE & CONVENIENCE

SUPPLY & DEMAND LEVELS TASK #

RESEARCH TASK

1

WHAT IS THE POPULATION OF THE SUBURB?

2

HOW MANY PROPERTIES ARE SOLD EACH YEAR IN THE SUBURB? (This information can be obtained from the internet, local real estate agents or from RP Data).

3

ARE PROPERTIES TYPICALLY SOLD VIA: Auction Private Treaty Or both?

4

WHAT IS THE CURRENT AUCTION CLEARANCE RATE IN YOUR SUBURB? (Indicates how robust / resilient your suburb is in the current market?)

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SUPPLY & DEMAND LEVELS TASK #

RESEARCH TASK

5

WHAT IS THE AVERAGE NUMBER OF DAYS ON THE MARKET FOR PROPERTIES TO BE SOLD ?

6

HOW MANY REAL ESTATE AGENCIES ARE OPERATING IN THE SUBURB?

7

IS VACANT LAND READILY AVAILABLE IN THE SUBURB ? (If so, this is not a desirable suburb for renovation projects).

8

WHAT TYPE OF PROPERTY DO BUYERS WANT IN THIS SUBURB ? (ie: What properties are in short supply / demand?). (Speak to real estate agents about this).

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SUPPLY & DEMAND LEVELS TASK #

RESEARCH TASK

9

ARE 1 BEDROOM PROPERTIES IN DEMAND ? Yes No

10

ARE 2 BEDROOM PROPERTIES IN DEMAND ? Yes No

11

ARE 3 BEDROOM PROPERTIES IN DEMAND ? Yes No

12

ARE 4 BEDROOM PROPERTIES IN DEMAND ? Yes No

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SUPPLY & DEMAND LEVELS TASK #

RESEARCH TASK

13

ARE 5 BEDROOM PROPERTIES IN DEMAND ? Yes No

14

ARE THERE OTHER TYPES OF PROPERTY IN DEMAND ? Yes No

15

ARE THERE CERTAIN TYPES OF PROPERTIES THAT APPEAR TO BE IN SURPLUS SUPPLY? Yes No

16

WHAT ARE THE ESSENTIAL REQUIREMENTS THAT A PROPERTY MUST HAVE IN THIS SUBURB? (For Example: Houses in some suburbs must have a formal dining room while in other suburbs it’s not important. In some suburbs, buyers expect a big backyard while in other suburbs a courtyard is preferred. What is the expectation in your suburb?)

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SUPPLY & DEMAND LEVELS TASK #

RESEARCH TASK

17

ARE THERE ANY MAJOR DEVELOPMENTS PLANNED IN THE SUBURB THAT MAY AFFECT THE SUPPLY / DEMAND LEVELS? (Major developments can have an adverse effect on supply levels therefore affecting property values). Yes No

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HOUSING TYPES TASK #

RESEARCH TASK

18

% OF APARTMENTS IN THE SUBURB?

19

% OF FREESTANDING HOUSES IN THE SUBURB?

HOUSING TYPES TASK #

RESEARCH TASK

20

% OF SEMI’S IN THE SUBURB?

21

% OF TOWNHOUSES / DUPLEXES IN THE SUBURB?

22

% OF TERRACES IN THE SUBURB?

23

ARE THERE OTHER TYPES OF RESIDENTIAL HOUSING IN THE SUBURB ?

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HOUSING TYPES TASK #

RESEARCH TASK

24

CONSTRUCTION TYPE – ARE DWELLINGS PREDOMINANTLY DOUBLE BRICK ? Yes No

25

CONSTRUCTION TYPE – ARE DWELLINGS BRICK VENEER? Yes No

26

CONSTRUCTION TYPE – ARE DWELLINGS WEATHERBOARD? Yes No

27

CONSTRUCTION TYPE – IS THERE ANOTHER PREDOMINANT CONSTRUCTION TYPE IN THE SUBURB? Yes No

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DEMOGRAPHICS (BUYER PROFILE) TASK #

RESEARCH TASK

28

IS THERE A SPECIFIC TYPE OF BUYER IN THE SUBURB? (Obtain this information from conversations with local real estate agents or from suburb demographic reports).

29

IS THERE A CONSISTENT PROFILE OF BUYERS ATTENDING THE OPEN FOR INSPECTIONS? (Eg: Families, Childless Couples, 1st Home Buyers).

30

31

IS THERE A CONSISTENT PROFILE OF BUYERS ATTENDING AUCTIONS IN YOUR SUBURB? (Eg: Families, Childless Couples, 1st Home Buyers).

WHAT IS THE TYPICAL AGE RANGE OF PEOPLE IN THE SUBURB?

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DEMOGRAPHICS (BUYER PROFILE) TASK #

32

33

RESEARCH TASK

WHAT IS THE TYPICAL HOUSEHOLD STRUCTURE IN THE SUBURB? (Eg: Couples with Children, Childless Couples, Single Parents, Group Households, Lone Households).

WHAT IS THE TYPICAL HOUSEHOLD OWNERSHIP TYPE IN THE SUBURB? (Ie: Owner Occupiers, Renting or Other).

34

WHAT IS THE TYPICAL EMPLOYMENT TYPE OF BUYERS IN THE SUBURB? (Eg: Management, Professionals, Blue Collar Workers, Trade etc).

35

WHAT IS THE TYPICAL INCOME LEVEL OF BUYERS WITHIN THE SUBURB?

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DEMOGRAPHICS (BUYER PROFILE) TASK #

RESEARCH TASK

36

IS THE SUBURB DOMINATED BY A CERTAIN NATIONALITY?

37

ARE EXISTING RESIDENTS & BUYERS OF A CERTAIN RELIGIOUS BELIEF IN THE SUBURB?

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INFRASTRUCTURE & CONVENIENCE TASK #

38

RESEARCH TASK

WHAT IS THE DISTANCE TO A MAJOR CBD?

INFRASTRUCTURE & CONVENIENCE TASK #

RESEARCH TASK

39

WHAT IS THE DISTANCE TO A LOCAL HOSPITAL?

40

WHAT IS THE DISTANCE TO LOCAL SCHOOLS?

41

WHAT IS THE DISTANCE TO THE LOCAL SUPERMARKET?

42

WHAT IS THE DISTANCE TO A MAJOR SHOPPING CENTRE?

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INFRASTRUCTURE & CONVENIENCE TASK #

RESEARCH TASK

43

WHAT IS THE DISTANCE TO PARKS & RECREATIONAL FACILITIES?

44

WHAT IS THE DISTANCE TO THE NEAREST AIRPORT?

45

IS THE SUBURB SERVICED BY BUSES?

46

IS THE SUBURB SERVICED BY A TRAIN LINE?

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INFRASTRUCTURE & CONVENIENCE TASK #

RESEARCH TASK

47

IS THE SUBURB SERVICED BY FERRIES?

48

IS THE SUBURB A CONVENIENT LOCATION FOR FREEWAY ACCESS?

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HISTORICAL PERFORMANCE TASK #

49

RESEARCH TASK

WHAT IS THE AVERAGE CAPITAL GROWTH RATE IN THE LAST 12 MONTHS?

HISTORICAL PERFORMANCE TASK #

RESEARCH TASK

50

WHAT IS THE AVERAGE CAPITAL GROWTH RATE IN THE LAST 3 YEARS?

51

WHAT IS THE AVERAGE CAPITAL GROWTH RATE IN THE LAST 5 YEARS?

52

WHAT IS THE CAPITAL GROWTH PROJECTION IN THE NEXT 12 MONTHS?

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FUTURE PERFORMANCE TASK #

RESEARCH TASK

53

WHAT IS THE CAPITAL GROWTH PROJECTION IN THE NEXT 3 YEARS?

54

WHAT IS THE CAPITAL GROWTH PROJECTION IN THE NEXT 5 YEARS?

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SUBURB ATTRIBUTES TASK #

55

RESEARCH TASK

IS THIS SUBURB AFFECTED BY SEASONALITY FACTORS?

SUBURB ATTRIBUTES TASK #

RESEARCH TASK

56

IS THIS SUBURB RELIANT ON ONE MARKET? (Eg: tourism, mining, student accommodation etc).

57

IS THERE GOOD NETWORK IN THE SUBURB? (ie: mobile phone, ADSL/cable, internet, Foxtel, free to air TV).

58

IS THE SUBURB ROBUST IN TERMS OF ECONOMIC VIBRANCY OF LOCAL BUSINESSES ? (ie: Businesses actively trading, not closing down etc).

59

ARE THERE ANY PUBLIC HOUSING IMPACTS IN THE SUBURB?

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SUBURB ATTRIBUTES TASK #

RESEARCH TASK

60

HOW DIFFICULT IS THE LOCAL COUNCIL IN RESPECT TO BUILDING APPLICATIONS?

61

WHAT IS THE AVERAGE NUMBER OF DAYS FOR BUILDING APPLICATIONS TO BE APPROVED IN THE LOCAL COUNCIL?

62

ARE THERE ANY FURTHER REPORTS AVAILABLE ON THE INTERNET FOR THIS SUBURB? (Just google your suburb name).

NOT APPLICABLE

RESEARCH IN PROGRESS

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