… a Christmas Eve purchase in Sunshine

Our last few days before Christmas were fairly quiet and we took the opportunity to reflect on our year and send Christmas cheer to some of our amazing supporters who had made 2014 so special. But whilst most purchasers (and agents for that matter) were winding down in preparation for the holidays, one of our clients had seen a property which they loved and wanted to make an offer on. On Christmas Eve morning the agent was able to take us through, and the property was just as stunning as it looked in the photos.

The subdivided block and smaller land meant that for her budget our client was able to find a fully renovated 3 bedroom Californian bungalow – no mean feat in the inner western suburbs. Sunshine has been steadily growing in popularity for home buyers looking for a home on a bit of land within 12 kilometres from the city. The first home buyers stamp duty reduction has meant that people looking to buy their first home have stimulated capital growth for properties in the sub-$600,000 category and Sunshine offers plenty of properties within this first homebuyer price range.

Sunshine is home to some stunning pockets of heritage protected period homes and has enjoyed consistently stronger capital growth than it’s greater local region.

Source: RP Data

On Christmas Eve we submitted our signed offer and although the vendors weren’t prepared to budge on the already-reduced asking price of $520,000 we were able to negotiate our own special conditions and preferred settlement terms into the contract, including both a building inspection and finance clause. Our building inspection report came in on New Years Eve and we had the go ahead to finalise the purchase.  Our client was thrilled with her new home purchase and Christmas present to herself!