Buying a 3 bed house in Bathurst might just be a good idea this year. The median housing prices have seen a growth of about 19% over the past 3 years, putting the price to $348,000. These properties tend to only spend 86 days on the market as well!
Given how well Bathurst, 2795 has done over the past few years, it can be a bit daunting to consider buying a house there. If you only have 15% of the median house price saved up already, you would be expecting to pay close to $750 a fortnight in mortgage repayments.
Given the fact youâre about to start paying $750 a fortnight, itâs a good idea to absolutely make sure theres going to be no hidden costs associated with buying your house. Getting a building inspector in to complete a pre auction inspection who has years of experience is going to be the quickest and most pain free way to save you from, well, pain. Â
According to the Australian Bureau of Statistics, areas inland in the north and west of New South Wales were some of the highest areas to experience mortgage cost hikes. Most of these areas, like Bathurst, sat around the 46-50% mark for the 2006-2011 growth period.
Whether youâre looking to sell your house or buy your first unit or apartment, make sure you engage with a licensed builder to come and complete a pre purchase building inspection or a pre sale building inspection to make sure there wont be any hidden damages or fees that can ruin the experience for you.
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:
If you are not satisfied with the Building Inspectors answers to each of these questions then contact another building and pest Inspector in Bathurst.
Our licensed property inspectors will happily answer all of the above, so feel free to book in an inspection (booking page link)
Phone: 1300 657 546
Booking: CLICK HERE