Repeat buyers are one of the strongest measures of confidence in any apartment development.

At <a href="https://www.apartments.com.au/new-apartments/era-newcastle-west-124-126-bull-street-newcastle-west-nsw-2302">ERA</a> in Newcastle West, some purchasers are returning to <a href="https://www.apartments.com.au/developers/gwh">GWH</a> after living at the developer's One Apartments. Their decision to purchase again was driven by the quality of life they found after moving into their first GWH home.

Keith Wilton had spent years living in a house in East Maitland before deciding it was time for a change. Apartment living had always been on his radar, but he was selective about what he wanted.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" referrerpolicy="strict-origin-when-cross-origin" src="https://www.youtube.com/embed/FH_1EzB-1vs?si=XScVlP1ERsTDJoME" title="YouTube video player" width="560"></iframe>

"I had some boxes I wanted to tick," he says.

Keith points to the open-plan design, generous outdoor areas and considered inclusions as key reasons One Apartments worked for him.

“One of those things was a nice indoor open plan area, but also I wanted a nice outdoor open area that I could entertain on in summer or Christmases or birthdays,” he says.

He also found value in the smaller details, from integrated appliances to shared resident spaces including the pool, cinema and rooftop areas.

[smartcode_project:default project_id=135096 project_image_fid=356818]

After comparing several developments, he chose One Apartments because of GWH's longstanding local reputation and his own experience working with the developer on a commercial project more than a decade earlier.

"I knew that they were local, that the quality of the build was going to be up there. I'd looked at other apartment complexes around and close by, and I just knew that here was a better decision location wise."

Today, Keith says the move has completely changed how he experiences Newcastle.

"I enjoy living in this location because it's more of a lifestyle change. That Newcastle city living where you can walk to restaurants and bars and even beaches and parks and even shopping across the road."

[smartcode_project:default project_id=135096 project_image_fid=356828]

Beyond the location, he says it's the sense of community that has surprised him most.

"Everyone loves living here because they chose to live here, but everyone looks out for each other. It's a real great community feel here."

For Aimee and Lyle Goodman, the journey started almost by chance.

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The couple happened to be having coffee in Newcastle when they noticed the site where One Apartments was about to begin construction.

"We were aware GWH was planning a development," Aimee says. "We made one phone call and things moved pretty quickly after that."

As busy business owners, they initially thought apartment living would simply reduce the maintenance that came with larger homes. Instead, it fundamentally changed how they spent time together.

"We actually catch up more as a family now," Aimee says.

"We've had homes with big yards and lots of space, but everyone ended up in different rooms. Here we'll have dinner together, the kids can play, and we spend far more quality time together."

[smartcode_project:default project_id=135096 project_image_fid=356829]

Lyle says their confidence came from GWH's reputation within Newcastle's building industry.

"I know people who've worked across different apartment projects, and whenever GWH came up the feedback was always the same. They're rock solid. They're quality."

That confidence only grew throughout the buying process.

"One of the things that really impressed us with GWH was the whole process, was the communication," Lyle says. "It was consistent, it was regular, there was no problem if we had some weird questions, there was no problems in getting answers."

[smartcode_project:default project_id=135096 project_image_fid=351104]

Aimee says one moment stood out.

"The project actually finished on time. We realised we needed to hurry up and sell our house because everything was happening exactly when they said it would."

The positive experience at One Apartments ultimately gave all three buyers the confidence to purchase again with GWH, this time at ERA.

Their confidence reflects what many buyers are seeking in today's apartment market. Location remains important, but so too does certainty around delivery, quality and long-term liveability.

[smartcode_project:default project_id=135096 project_image_fid=356822]

ERA builds on those foundations with 280 one, two and three-bedroom apartments across two landmark towers in <a href="https://www.apartments.com.au/developments/newcastle-west-nsw-2302">Newcastle West</a>.&nbsp;

Designed by <a href="https://www.apartments.com.au/architects/fk-australia">Fender Katsalidis</a>, the project will include more than 2,000 square metres of resident amenities, including a resort-style pool, gym, sauna, private cinema and rooftop entertaining spaces overlooking the harbour and coastline.&nbsp;

The development is also within walking distance of the Newcastle Interchange, Honeysuckle, Darby Street, the harbour foreshore, restaurants, retail and the city’s beaches, continuing the walkable lifestyle that existing GWH buyers say has transformed how they live.

[smartcode_project:default project_id=135096 project_image_fid=356826]

For Keith, the appeal remains straightforward.

"You feel at home even before you've moved into your home."

For Aimee, the change is measured in time.

“I just felt like I had more time,” she says.

[smartcode_project:default project_id=135096 project_image_fid=351102]

Construction at ERA is now underway, with more than half of the residences already sold and limited two and three-bedroom apartments remaining in the East Tower release. Priced from $980,000 for two-bedroom residences and $1.46 million for three-bedroom residences, buyers can secure an apartment with a 10 per cent deposit, with premium homes offering ocean views from Level 8 and harbour views from Level 10.

ERA is also backed by Resilience Insurance's 10-year Latent Defects Insurance policy, providing protection against structural or waterproofing defects for 10 years after completion. The project is anticipated to be completed in early 2028.

[smartcode_project_cta:default project_id=135096]

Joel Robinson

From ONE to ERA: Why buyers are choosing GWH again in Newcastle West

Virgate Property Group is preparing to commence construction of Verdé, its new apartment development in Melbourne's Arts Precinct at Southbank, following a strong run of sales that has seen more than half of the project's 173 apartments secured.

Verdé has attracted a broad mix of first home buyers, owner-occupiers upgrading from nearby inner-city suburbs and investors, with younger owner-occupier couples aged between 28 and 45 accounting for the strongest enquiry. Many are already living in Southbank, South Melbourne, Albert Park, Port Melbourne, South Yarra and the CBD.

"Verdé is located in one of the most desirable pockets of southern Melbourne," Blair Property Group Director Darren Blair, who is managing sales at Verdé, said.

"It's within walking distance of the Arts Centre, Royal Botanic Gardens, Albert Park Lake, and Southbank's restaurants and retail. It's a great lifestyle location with strong amenity and liveability, which made it a very attractive choice for the project."

[smartcode_project:default project_id=4661 project_image_fid=372549]

Virgate was already familiar with the precinct, having previously delivered the successful Domain House development in neighbouring South Melbourne. That experience gave the developer confidence to acquire the Coventry Street site and continue expanding its presence in Melbourne's inner south.

"We had been keeping an eye on the site and the broader precinct for a few months before deciding to move forward with the acquisition," Virgate said.

The project was ultimately secured in 2020 following feasibility studies, planning assessments and due diligence, with the brief centred on delivering "a high-quality, considered design that feels both refined and fit for purpose."

[smartcode_project:default project_id=4661 project_image_fid=314259]

Designed by <a href="https://www.apartments.com.au/architects/bruce-henderson-architects">Bruce Henderson Architects</a>, Verdé comprises 173 one, two and three-bedroom apartments priced from $599,000. The architecture is distinguished by a faceted glass façade that responds to both the site's outlook and Melbourne's changing light conditions.

According to Bruce Henderson Architects, the coloured glazing gives the building a distinctive identity while also providing privacy and solar shading, with residences oriented to capture views across the bay, city skyline and surrounding parklands.

Inside, <a href="https://www.apartments.com.au/interior-designers/designoffice">DesignOffice</a> has created interiors focused on natural light, efficient planning and enduring materials. Apartments feature engineered oak flooring, natural stone benchtops, floor-to-ceiling glazing and SMEG appliances, while a restrained material palette aims to complement the expansive outlooks rather than compete with them.

[smartcode_project:default project_id=4661 project_image_fid=372550]

Resident amenity has also been designed around everyday functionality rather than occasional use. Facilities include a concierge-serviced lobby, residents' lounge with fireplace, library and co-working space, gym, terrace garden with barbecue facilities, ground-floor café, and package delivery management.

The project's location continues to be one of its strongest drawcards. Positioned on Coventry Street, Verdé sits within walking distance of the National Gallery of Victoria, Arts Centre Melbourne, Royal Botanic Gardens and Albert Park Lake, while Southbank's dining precinct, Sturt Street trams and the new ANZAC Station are all nearby. The surrounding education catchment also includes Melbourne Grammar, Melbourne Girls Grammar, Mac.Robertson Girls' High School and several major university campuses.

The sales team says buyers have responded particularly well to the combination of location, design quality and long-term liveability.

"They're responding really positively to the quality of the design, premium resident amenities and the uninterrupted views. Many also appreciate the location and how connected it is to everything they need."

The ability to secure stamp duty savings before completion has also been a key factor for purchasers, alongside the opportunity to personalise finishes ahead of settlement.

With construction set to commence soon and more than half the apartments already sold, Verdé enters its next phase as one of the Arts Precinct's more established apartment developments, offering remaining buyers an opportunity to secure a residence before construction advances further. Expected completion is scheduled for late 2027.

[smartcode_project_cta:default project_id=4661]

Virgate's Verdé Southbank moves toward construction as sales fly past halfway stage

Downsizer-focused apartment development Kooyongkoot in Hawthorn has been recognised at the 2026 Better Future Melbourne Design Awards, taking home Gold and Silver awards in two categories.

<a href="https://www.apartments.com.au/new-apartments/kooyongkoot-hawthorn-1-kooyongkoot-road-hawthorn-vic-3122">Kooyongkoot</a>, currently being delivered by developer PQD and designed by Cera Stribley, received Gold in the Interior Design – Proposed category and Silver in the Architecture – Proposed category.

The dual recognition reflects the design approach behind the boutique development on prestigious Kooyongkoot Road, where the focus has been on creating homes for downsizers seeking the space, quality and functionality of a detached house within a low-rise apartment building.

Rather than maximising apartment numbers, <a href="https://www.apartments.com.au/developers/pqd">PQD</a> and <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a> limited the development to just 18 residences, allowing for larger floorplans, greater privacy, generous landscaping and expansive communal spaces.&nbsp;The majority of the apartments also benefit from corner aspects, allowing for dual sources of natural light.

Now around 70 per cent complete and on track for completion in November 2026, Kooyongkoot will comprise a mix of garden residences, ter​race apartments, sub-penthouses, and is crowned by two half-floor penthouses with direct lift access and private rooftop terraces.

[smartcode_project:default project_id=102717 project_image_fid=355297]

The Silver Award for Architecture recognised the way the building responds to its prominent corner position at the ent​rance to Hawthorn's Scotch Hill precinct, one of Melbourne's most established residential neighbourhoods.

Rather than competing with the grand homes that line Kooyongkoot Road, the architectural approach focused on restraint and longevity, using curved brickwork, generous landscaping and carefully considered proportions to integrate with the existing streetscape.

"The form feels fluid and timeless, as though shaped by the landscape itself – architecture that belongs, rather than competes," said Chris Stribley, Co-Founder and Managing Principal of Cera Stribley.

The judging submission also highlighted practical innovations throughout the building, including lift cores servicing only nine homes each, a central landscaped lightcourt designed to bring daylight and ventilation into the building, and fully enclosed private storage rooms with lighting, power and shelving to better accommodate residents transitioning from larger family homes.

[smartcode_project:default project_id=102717 project_image_fid=355293]

The Gold Award for Interior Design recognised the project's focus on long-term liveability rather than display-home aesthetics.

According to the awards submission, the interiors were designed from the inside out, prioritising how homes would function over decades of daily use through generous proportions, practical storage, durable natural materials and flexible layouts.

The specification includes natural stone throughout, upgraded acoustic glazing, V-ZUG appliances and fully enclosed storage rooms, alongside an amenity offering focused on wellness, entertainment and everyday convenience.&nbsp;

Residents will have access to a gym and yoga studio, a wellness centre featuring traditional and infrared saunas, a cold therapy shower and treatment room, as well as a residents' lounge and golf simulator/cinema room for entertainment.&nbsp;Kooyongkoot has also considered the everyday convenience of its residents by offering a private carwash and pet wash facilities on site as well as dedicated parcel lockers and oversized fully enclosed storage rooms.&nbsp;

[smartcode_project:default project_id=102717 project_image_fid=355303]

The project's attention to detail has already resonated with buyers. Earlier this year, Kooyongkoot recorded one of Boroondara's highest apartment sales when an $8 million penthouse was purchased by a Melbourne CEO downsizing from a nearby family home.

"Every detail feels deliberate, from the overall design down to the smallest touches," the purchaser said.

"The level of quality and refinement is exceptional, but what really sold it was how liveable it felt... It felt like a place where everything had been considered, not just a luxury building."

[smartcode_project:default project_id=102717 project_image_fid=355304]

Sustainability also formed a key part of both award submissions. Kooyongkoot is targeting a minimum 7.5-star NatHERS rating across all residences, supported by passive design principles, high-performance glazing, EV charging infrastructure, water reuse systems and a wellness model focused on lower-energy dry facilities rather than pools and large wet areas.

Located within walking distance of Scotch College, Methodist Ladies' College, Koo​yong Lawn Tennis Club, Aubur​n Village and Camberwell Junction, Kooyongkoot continues to target owner-occupiers looking to remain in Melbourne's inner east without compromising on space or quality. A limited selection of two, three and four-bedroom residences remains available, with prices starting from $1.9 million.

[smartcode_project_cta:default project_id=102717]

Kooyongkoot wins Gold and Silver at Better Future Melbourne Design Awards

New apartment supply has become increasingly constrained across <a href="https://www.apartments.com.au/developments/parramatta-nsw-2150">Parramatta</a> in recent years, with fewer projects progressing through to completion as development conditions have become more challenging.

It makes <a href="https://www.apartments.com.au/developers/novm">NOVM</a>'s 2021-completed <a href="https://www.apartments.com.au/buildings/the-lennox-parramatta-12-phillip-street-parramatta-nsw-2150">The Lennox</a> one of the most recently completed residential towers on the Parramatta River, and among the newest apartment developments in Sydney's second CBD.

With the project largely completed before the sharp escalation in construction costs and inflation following the pandemic, The Lennox is now offering pricing that would be difficult to replicate in a comparable new development in Parramatta today, or across much of Western Sydney.

The majority of the 413 apartments at The Lennox sold before and shortly after completion. A limited release of the remaining apartments has recently been brought to market by capital partner <a href="https://www.apartments.com.au/project-marketer/equitifund-group">Equitifund</a>, with entry-level pricing from $700,000 and two-bedroom apartments available from under $1 million.

Rising above the Parramatta River at 12 Phillip Street, The Lennox comprises one, two, three and four-bedroom apartments, appealing to first home buyers, young professionals, families, downsizers and interstate investors seeking a completed apartment in one of Australia's fastest-growing economic centres.

[smartcode_project:default project_id=5743 project_image_fid=372394]

Rather than positioning Parramatta as an alternative to Sydney's CBD, Equitifund believes the city has reached a point where it stands on its own merits.

"Parramatta is no longer simply an alternative to Sydney CBD, it's becoming a destination in its own right," Equitifund Executive Chairman Greg Huxley said.

"The Lennox captures that evolution with a level of quality and amenity that's difficult to match at its price point."

[smartcode_project:default project_id=5743 project_image_fid=953]

Designed by <a href="https://www.apartments.com.au/architects/marchese-partners">Marchese Partners</a>, the tower responds directly to its riverfront setting through expansive glazing and open-plan layouts that maximise views across the Parramatta River and city skyline. Interiors feature engineered timber flooring, stone benchtops, stainless steel appliances and floor-to-ceiling glazing, while generous balconies extend the living spaces outdoors.

Marchese Partners says the project was conceived to balance high-quality apartment living with practical, long-term functionality, pairing larger, efficient floorplans with amenities more commonly associated with five-star hotels.

That emphasis continues through the resident facilities, which include a 20-metre rooftop swimming pool, fully equipped gym and wellness spaces, full-time concierge, a residents' lounge, function room, private lifts, secure basement parking and rooftop communal areas overlooking the Parramatta River. Ground-floor boardwalk retail and dining further activate the riverfront and integrate the building into the surrounding public realm.

[smartcode_project:default project_id=5743 project_image_fid=925]

Australian housing and finance group Equitifund has secured the remaining apartments, believing there are few completed apartment opportunities in Parramatta that offer the same combination of location, amenity and pricing.

Equitifund National Sales Director Ben Hamblett says buyers are increasingly recognising that premium apartment living no longer needs to come with Sydney CBD pricing.

"The Lennox is where aspirational living becomes attainable," Hamblett said.

"Wake to river and mountain views, step into Sydney's Second CBD, and arrive home to resort-calibre amenities, all without the harbour price tag."

Hamblett says owner-occupiers are also attracted by the convenience of having Westfield Parramatta, Church Street's dining precinct, Parramatta Park, Riverside Theatres, Western Sydney University and major transport connections all within walking distance.

"At The Lennox, lifestyle is not an afterthought, it is the foundation."

[smartcode_project:default project_id=5743 project_image_fid=5374]

The Lennox places residents within walking distance of Parramatta Square, Westfield Parramatta, Church Street Eat Street, Parramatta Station, the ferry wharf, Light Rail, the future Sydney Metro West, Parramatta Park and CommBank Stadium, reinforcing Parramatta's position as one of Australia's most connected metropolitan centres outside Sydney's CBD.

Equitifund says buyers visiting the display suite consistently comment on the quality of the finishes, generous floorplans, river and skyline views, and the walkability of the location. The project has attracted a broad mix of local professionals, upsizers, downsizers, buyers relocating from Sydney's inner suburbs and interstate investors seeking long-term growth opportunities.

That demand aligns with Parramatta's continued evolution as an economic powerhouse. Equitifund Research and Market Insights specialist John Bekiaris says sustained population growth, infrastructure investment and expanding employment opportunities continue to support long-term housing demand across the city.

"Parramatta has evolved from a satellite city into one of Australia's most important economic centres. Population growth, infrastructure investment and employment are all supporting sustained long-term housing demand."

[smartcode_project_cta:default project_id=5743]

The apartment price gap drawing Sydney buyers west

A luxury beachfront apartment at Rainbow Bay has more than doubled in value since it sold off the plan six years ago, setting a new local apartment record in the process.

The three-bedroom apartment in the Flow development on Petrie Street, the first of four new projects locally by Paul Gedoun's S&amp;S Projects, has sold for $7.4 million, after originally selling for $3.27 million when the project launched in 2020.

The seventh-floor apartment, comprising 187 sqm of internal living space and a 54 sqm balcony overlooking Froggies Beach and Snapper Rocks, was purchased by a local family.

The transaction was negotiated by Pezet Matheson director Kerry Pezet and equates to more than $30,000 per sqm.

Pezet said the sale reflected the limited opportunities to buy into the boutique beachfront development.

"The sale highlights the rarity of opportunities within the boutique beachfront development, where residences seldom become available," Pezet said.

"Flow is one of the Gold Coast's most tightly held buildings. Buyers from our database move quickly when residences become available, and achieving an off-market sale at $7.4 million demonstrates the depth of demand for property of this calibre."

<img alt="Flow" data-entity-type="file" data-entity-uuid="c585b206-2130-4eee-a50c-3f27c51a7c70" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-07-06%20at%208.33.25%E2%80%AFPM.png?VersionId=m3pHRDV62Y3fvN.XQuQHq.52ilTWpRLf" />

Flow was the first of four luxury apartment developments delivered by Paul Gedoun's S&amp;S Projects at Rainbow Bay and was completed in 2023.

Positioned on the beachfront overlooking Snapper Rocks, the residence includes three bedrooms, three bathrooms, a powder room and views stretching north along the coastline towards Surfers Paradise.

Pezet Matheson Residential principal Mitchell Lambert said buyers continued to prioritise quality beachfront apartments in tightly held locations.

"Flow Residences offers a rare combination of elevated beachfront positioning, architectural excellence, comprehensive resident amenity and premium finishes, which is exactly what discerning purchasers are seeking," Lambert said.

"The transaction further reinforces Rainbow Bay's reputation as one of Australia's premier coastal lifestyle destinations, where limited supply and growing demand continue to support strong market performance."

Pezet Matheson originally marketed and sold out Flow off the plan, making the latest transaction a return to one of the project's original buyers.

Paul Gedoun is selling his third project, <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia Rainbow Bay</a>, after recently completing, and selling out, <a href="https://www.apartments.com.au/buildings/esprit-217-227-boundary-street-coolangatta-qld-4225">Esprit</a>. He has plans for a <a href="https://www.apartments.com.au/news/qld/first-look-s-s-projects-proposes-88-apartment-wellness-tower-at-coolangattas-boundary-street">fourth building</a>, 88 apartments on <a href="https://www.apartments.com.au/new-apartments/209-213-boundary-street-coolangatta-qld-4225">Boundary Street</a>.

Rainbow Bay apartment doubles in price since off the plan sale during pandemic

Renovation

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Guest observation
The seemingly ever increasing property prices in Australia have turned many first home buyers' attention to affordable and fixable homes.
With popular TV programs like Building Ideas and The Block, the media also reinforces this link between the Australian "can-do", DIY attitude and home buying. For first home buyers on a budget, doing it DIY can be appealing.
However, lack of prior investigation and poorly informed decision making can amplify costs – potentially much higher than a first home owner's budget allows. When in the initial stages of your home buying search, you can save your time and valuable money by looking out for warning signs when viewing homes and gauging whether the renovation costs will fit within your budget.
Is there such thing as a 'bargain' home? When purchasing a lower than market value property, there are key points every home buyer should consider.
Drainage System
Buildings showing signs of bad drainage will usually exhibit signs of water seeping through walls and floors (in the form of brown stains on the plaster) and a strong mildew odour. Grey water present at end of pipe drains evidences that a drainage system is blocked by contaminants. Be especially aware of unsanitary black water containing sewage. This is the most hazardous to health, and means that drinking water may also be affected.
Cost of renovation: High
Ceiling
If a structure is not adequate to support a sagging ceiling, there is certain safety hazard. Buildings with damaged ceilings must be repaired immediately. Look out for cracks in the ceiling plaster as well as water stains in the plaster as these will be causes for concern. However, if you notice the ceiling is sagging, the house is more than likely going to be a no-go for someone on a tight budget as this is a the sign that costly reparations are necessary. This is an important consideration- particularly for first time buyers, as you will probably wish to move in right away, but entry will not be permitted without costly repair for safety reasons.
Cost of renovation: High
Floors and Walls
The foundations of a home must be stable in order to be able to house occupants. Cracks across foundations or walls may be the result of soil creep, flood or other natural forces. Structural integrity cannot be compromised. A full audit of cracks is necessary to discern the level damage, but as a general rule of thumb, thin hairline cracks are pose little cause for concern and can be covered with a lick of paint, but large cracks causing the separation of wall plaster or floor tiles present more serious challenges.
Cost of renovation: Moderate to high
Mould
Leakage from a water system or foundation can substantially weaken a structure. Health considerations and sub-standard appearance are a more common result of mould. A mould-laden property with pathogens can lead to poor air quality. Potentially perilous for children, respiratory patients, and pets, mould should be eliminated prior to move-in. Look out for mould (usually in the form of black or grey spores) in areas such as inside cupboards (especially under sinks), on window frames, behind curtain headings or pelmets and along the floor outside showers or bathtubs.
Cost of renovation: Moderate to high
This article continues on the next page. Please click below.
<hr class="system-pagebreak">
Pests
The danger of pest infestation is a problem that must be managed with chemicals. These include rodent, roach, ant, and termites. Inspection by a licenced pest control professional will provide exact information on the extent of the damage. Pests tend to nest in cupboards, wardrobes, beneath floorboards and in rarely used parts of the house like the garage, so look out for them in there. If pest excrement is present, it is a sign of infestation.
Cost of renovation: Moderate to high
Roof
Indications of structural roof sagging should be inspected to assess the cost of the damage. Roofs with falling frames will be more costly, while minor levelling problems may not be as expensive to fix.
Cost of renovation: Moderate
Water Stains
When pipes crack or break, flooding, leaks, and seepage can make its way into ceiling and wall foundations. Brown stains in rooms near bath and kitchen amenities are most likely to see extensive damage. Re-plastering is generally the solution if the pipes have already been repaired.
Cost of renovation: Moderate to High
Wood Rot
The deterioration of wood caused by water damage and termite infestation can cause rotting, and even crumbling. One simple method of ascertaining wood rot damage is to press frames around the door and windows of a building. A crumbling or sponge-like texture is usually an indicator that wood rot is taking over key fixtures. These would need to be replaced to keep your home safe from burglars as a crumbling door or window frame won't keep out a concerted break-in effort.
Cost of renovation: Moderate to high
Bargain homes often attract first time buyers, but it's important to move forward with caution when considering this type of property. Replacement of fixtures and structural elements can be expensive depending on the size of the home. Always have a professional evaluate the number and type of repairs required before settling a property deal.
Professional pre-purchase building inspection Firstly, before signing on the dotted line and handing over the deposit on a 'fixer- upper' home, a professional pre-purchase building inspection is advised.
A sound inspection should investigate deeper into the structural integrity of the home and expose any repairs that are necessary to keep the home in a safe condition. Brad Porteus is the Managing Director of BSP Construction Consultants, pre-purchase building inspection specialists in Perth, Western Australia. You can read his contributions on <a href="https://blog.realestateview.com.au/" target="_blank">realestateview.com.au</a>. 
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jrichardson-uRX5hFdKfN

Can you trust a ‘bargain’ home?

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GUEST OBSERVATION
With renovation season approaching, it pays to know what gas risks there are with your renovation, no matter how big or small your home improvement is.
You’ve been busy watching all of the reality renovation shows and writing down all of the ideas, now it is your turn to get your hands dirty and start ticking off that long list of home improvements you’ve been waiting to do.
But as exciting as it is to knock down walls, fit out a new kitchen or build an extension, it isn’t without it’s risks, and for the safety of you and your family you need to be aware of them, particularly when it comes to gas in your home.
Faulty appliances, flue blockages and gas leaks can all lead to the production of carbon monoxide, a highly poisonous colourless, odourless and tasteless gas that can cause serious health issues including death. To ensure you avoid the dangers, here are five tips to keep in mind when renovating where gas is installed.
<img src="/images/2014/07/04/yellow-one.jpg" alt="" style="float: left;">Know where your gas pipework or flues are located Before you start drilling, nailing or knocking down walls it is important you know where your gas pipework is located. Gas flues can be fitted through the ceiling and roof or fitted through the wall, and any bump or blockage could result in poisonous carbon monoxide gas released into your home.
<img src="/images/2014/07/04/yellow-two.jpg" alt="" style="float: left;">Watch for blocked flues 
Flues can become blocked from nests, insects, debris or by being covered up in the case of a chimney renovation.
Sooting, or yellow or brown staining around your appliances, ceilings or walls can be an indicator that carbon monoxide is present as a result of a blocked flue. If you do see this turn off your appliances get it checked by a licensed gas fitter.
<img src="/images/2014/07/04/yellow-three.jpg" alt="" style="float: left;">Recognise when you need help
There are some jobs in a renovation that you just shouldn’t handle yourself, and installing or moving gas appliances is one of them. Any maintenance, alteration or repairs on your gas pipework or appliances like stoves and hot water systems should be done by a licensed gas fitter – and make sure you check their qualifications.
A licensed gasfitter will make sure your flue is not blocked or leaking to ensure gases are being safely released outside and not into your home. They can also check and clean your gas appliances  (which should be done every two years according to manufacturers recommendations) to keep them working safely and effectively. 
<img src="/images/2014/07/04/yellow-four.jpg" alt="" style="float: left;">Know the signs of carbon monoxide poisoning 
While carbon monoxide is almost impossible to detect, it can give you subtle symptoms and signs that it may be present. Symptoms of poisoning start a like the flu, you can experience headaches, tiredness, nausea and vomiting, which can lead to confusion, unconsciousness and death in high doses.
If you see or experience any of the following, carbon monoxide may be present in your home and you should have it checked immediately:
<ul>
<li>Pilot lights that frequently go out</li>
<li>Excessive condensation</li>
<li>A blue flame that starts to burn yellow or orange</li>
<li>Sooting, or yellow or brown staining around your appliances, ceilings or walls; and/or</li>
<li>Improved health when you are away from home but it worsens on your return</li>
</ul>
<img src="/images/2014/07/04/yellow-five.jpg" alt="" style="float: left;">Add a carbon monoxide alarm
One addition you should put to your home improvement list is a carbon monoxide alarm. Just like smoke alarms, carbon monoxide alarms save lives. 
Ensure your renovations, additions and improvements are a safe and enjoyable experience by following these five gas tips. While it can be tempting to cut corners and renovate as affordably as possible the health and safety of you and your family is too important. Frans Sterk is a qualified gas fitter, carbon monoxide specialist and owner of Gaswatch. For more information and safety tips on carbon monoxide head to <a href="https://www.gaswatch.com.au/" target="_blank">www.gaswatch.com.au</a>.
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FransSterk-cBBAKGGHS2

Gas risks with renovation – and how to avoid them

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With property prices soaring it’s no surprise that first time buyers are increasingly looking at properties that need a little bit of work.
These “doer upper” or “renovator’s dream” properties offer huge potential for adding value through a renovation. However, novice investors and buyers do not want to be going in unsure of what they’re getting themselves in for.
Firstly, new buyers should look for properties that need what is called a ‘cosmetic’ renovation first. If you don’t know what this is, you <a href="/expert-insights/what-is-a-cosmetic-renovation-investment-terms-explained">can read our explanation here</a>, but essentially it's a light fix up that doesn't require structural changes or, usually, any council approvals. These are the best projects for novice renovators and homebuyers and the least likely to see you make poor decisions.
The pitfalls around renovating can be many and they can be very expensive. From overcapitalising, to DIY-ing where you shouldn’t, you must go in with a plan in mind.
However, it doesn’t always have to cost you a fortune. Reno Kings’ Paul Eslick suggests focusing on the following areas for bang for your buck:
<ul>
<li>A new coat of paint</li>
<li>Install a fence</li>
<li>Get your gloves on and do some light landscaping</li>
<li>Laminate and tile paint in the kitchen and bathroom (also consider replacing hardware such as taps and handles)</li>
<li>Window furnishings can make your home look a lot better, consider straight venetian blinds</li>
<li>Better lighting</li>
</ul>
These simple things should help improve any lacklustre purchase.
Renovating for Profit’s Cherie Barber treats renovating as a scientific process. Here is her eight-step process that she follows to get the maximum equity out of her properties in the quickest time possible:
<ol>
<li>
Structure and strategy - The structure in which you purchase is crucial to ensuring you are taxed efficiently at the very end of the process. Should you purchase in a trust, SMSF or company structure? - Decide on the strategy upfront: Is it buy/renovate/hold, buy/renovate/sell or something else? 
</li>
<li>
Suburb due diligence - Investors must know suburbs down to a street level. Pointing to her target suburb of <a href="/news">Balmain</a>, she explained that she knows where the negative and positive price pockets are, or where the prices change, and the reasons for this. - Ensure you're targeting the right type of suburb for the renovation you intend to undertake. Middle ring and outer areas tend to suit cosmetic renovations, while inner city areas tend to favour structural. 
</li>
<li>
Pricing due diligence - The real estate agent's job is to make the vendor money, never forget this.  - Ensure you are looking at true comparables - your suburb due diligence should assist you with this process. 
</li>
<li>
Property due diligence - Ensure you're not purchasing a property with major defects you cannot rectify under your budget (think about the hidden problems, such as termite damage or bad wiring). - Check that the property stacks up for the majority of buyers in the area. Your demographic is crucial, and you should be thinking about a property as a product. - Calling council and a number of other local experts will save you money in the long run. 
</li>
<li>
Acquire - The purchasing process and negotiation can be crucial for getting the price right. Ensure you enter in unemotionally and knowing the value (pricing due diligence). - There are a number of different conditions, requests for early access and similar that can be asked for at this part in the process. 
</li>
<li>
Council approval (usually for structural renovations) - The earlier this part of the process is started the better. Investors should be prepared for councils to take longer than is often stated on their websites. - To get an idea of how long the process might take, check online and see what has already been approved and the time frames. Expect it to take longer. 
</li>
<li>
Renovate - Get some good tradespeople and treat them well. It can often take a number of renovations to get your team selected. - Keep organised, keep timelines and ensure effective communication. - Avoid being the DIY-er unless you have done it before effectively. 
</li>
<li>
Sell/Rent - While you should have been clear on which of these approaches you were going to take since step one, it's now important to ensure you approach the best real estate agents and property managers for the job. - Treat choosing agents as an interview process, rather than solely basing it on personality. - Ensure that at any opens, the changes you have made to that process are highly visible and communicated to potential tenants/purchasers.
</li>
</ol>
You might also want to read <a href="/expert-insights/building/twelve-key-points-to-consider-before-you-start-home-renovations">Lisa Montgomery’s 12 things to consider before you start your home renovations</a>.
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jduke-EHk3XBmHkn

Looking for a “renovator’s dream”? Here’s what you need to know first

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To the inexperienced buyer, finding a quality property at an affordable price is pretty hard to do.
Whether you are a home buyer or investor, this is very hard to do, especially in Australia’s major capital city markets.
Buyers without experience face difficulty drawing a distinction between a crappy property that is full of potential and a property that should be avoided completely.
I’ve always been intrigued by the phrase ‘buying a lemon’. Perhaps I take the opportunist view a little too much though, because this lemon phrase is very similar to ‘what do you do when life throws you lemons? You make lemonade, of course!’.
In the reality of a property context though, this is rarely true. With property it is more accurate to say that some properties are lemons, sure, but only a few of those lemons are actually ripe and ready for harvesting. Other property lemons, though, have fallen off the tree long ago; turned brown, decayed, and are utterly useless.
So, we have ‘ripe’ property lemons and ‘rotten’ property lemons.
In my experience, I would distinguish between ripe and rotten by asking oneself: ‘What are the property’s problems that I can change (cost-efficiently, of course), versus those problems that either cannot be changed or are too costly to do so?’
By no means is this a definitive list; but here are some ideas of ripe lemon (possibly worth buying) ‘problems’ compared to rotten lemon ones (deal-breakers that translate to ‘walk away now’).
<ul>
<li>Rotten Lemon Problems:</li>
</ul>
Location:
First of all comes the biggest problem one cannot change in a property; its location and the other properties surrounding it. If the property is too far away from fundamental ‘renter must-have’ proximity features (transport, work node access, shops, schools etc) than this is something you cannot change, no matter how beautiful the property itself is.
Aspect/outlook:
We cannot change the way the sun rises and sets every day, for instance (though I would like to meet anyone who could!). To some future tenants and buyers aspect is very important. Ensuring enough sunlight is given to living and communal areas is important.
Serious structural problems:
During your due diligence, building, pest and/or strata reports will identify any serious structural issues. For house buyers this will be the house itself. For unit buyers, the strata report will highlight upcoming major capital works and maintainence scheduled in coming years.
Any serious structural problems identified are almost always hugely expensive to fix. When these are identified, the property is a true rotten lemon. Whether it's an investment or a home, you’ll be up for a lump sum of cash to repair it that you may not have so readily handy once the loan itself finalises.
So what about the things you can change? And cost efficiently, too? 
Click through to the next page to find out.
<hr class="system-pagebreak">
 
<ul>
<li>Ripe Lemon Problems:</li>
</ul>
Outdated and ugly properties:
Drab, old, and outdated look (internally for units and both internally/externally for houses). Expert property ‘flippers’ Nathan Birch and Cherie Barber have built entire wealth strategies around this very specialty.
Ripped up ugly carpets can expose beautiful floorboards; cheap fresh paint can add exponential value and appeal, and so on. Inexpensive light (cosmetic) renovation can help bring what looks like a ‘dud’ property up to scratch.
The problem is, selling agents are keenly aware that buyers know how to spot these properties and accordingly the discounting offered may not offset that cosmetic renovation outlay required.
Ugly, cluttered yards:
Poorly presented properties frequently feature cluttered rear yards, sometimes overgrown, or with poorly placed/planted trees and overgrown garden beds. Buyers need to look beyond this to realise this property may not be a lemon and could offer scope for future improvement.
Not enough bedrooms:
More of a house opportunity than a unit one; but consider the problem of too few bedrooms. If the property is especially discounted and the major reason is, say, it is a two bedroom house in an area where three bedrooms is the expectation, there may be scope to cost efficiently reset some internal walls to create a third bedroom.
In older houses this is usually done by consolidating large laundry rooms into kitchen cupboard laundries (when a kitchen is also being renovated) and re-purposing that laundry space.
Awkward layouts:
If it is an older house it may feature an awkward layout that impractical to today’s families/inhabitant types. However, this is another example of ‘ugly duckling’ perceptions; particularly if, at first inspection, the rooms are being incorrectly presented.
How many times have property photos showed dining rooms being used as studies/offices, and so on?
If priced accordingly, there may be an opportunity to consider a poorly laid out property if there is scope to easily move some rooms around later on to suit a better layout.
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cmcevoy-Go82SmsJA9

Making lemonade from property lemons: How to pick the properties ripe for renovation

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Project manager Michelle Hosking last week pleaded guilty to 12 charges relating to two renovations in Croydon North that resulted in a cost blow out of more than $120,000.
Hosking was fined $15,000 in Ringwood Magistrates’ Court after managing the renovations without the required contracts, insurance, registration or permits, according to the Herald Sun. She was also ordered to pay costs.
The Victorian Building Authority’s Cheryl Lewis said that Hosking had drafted three page contracts that failed to meet requirements. She had previously only undertaken commercial office fit outs.
The Herald Sun <a href="https://www.heraldsun.com.au/leader/east/woman-behind-cost-blowout-of-120000-on-croydon-north-renovation-convicted-and-fined/story-fngnvlxu-1227025947257" target="_blank">reports</a> that Lewis told the court the home owners paid $124,000 more than the contract price for the renovations and that cost blow outs had occurred.
It was also reported that Hosking took deposits above the maximum allowed 5%.
The work on both houses was completed.
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Project manager fined after $120,000 renovation cost blow out

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Property owners will be knuckling down to tackle renovations over the next few years, with Master Builders Australia’s Forecast of Building and Construction predicting strong growth in the amount of home alterations.
Housing alterations and additions are expected to grow by 14.9% ($96.4 billion) over the period to 2016/2017, according to Master Builders CEO Wilhelm Harnsich.
“The robust outlook is in stark contrast to the languid performance experienced over the last three years, when it contracted by an average of 3.2% per annum,” said Harnisch.
“The strong growth in renovations will be a shot in the arm for builders across Australia and complement the solid pipeline of work indicated by the solid lift in new building activity,” he said.
Where our renovating aficionados are expected to be found:
Northern Territory – Expecting the largest growth in renovations, with an average yearly growth of 27.8% up from a 9.7% average, the renovators are likely to be strongest up north.  
New South Wales – 19% per annum average growth expected.
Western Australia – Just slightly behind New South Wales, they’re expected 18.6% per annum annual growth.
ACT – 16.9% per annum annual growth
Queensland – 14.6% per annum annual growth
Victoria – 12.5% per annum annual growth
South Australia – 3.1% per annum annual growth
Tasmania – 1.5% per annum annual growth
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Property owners' focus on renovating tipped to grow: Master Builders Australia

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Laorence Nohra is the chief executive of the Tradebusters Group, which includes Tradebusters Tradesman Concierge Services, Tradebusters Connect and Tradebusters Academy.
The <a href="https://www.tradebusters.com.au" target="_blank">Tradebusters </a>companies connect homeowners with a network of trusted tradespeople for a variety of projects. Property Observer spoke to Nohra about how renovators can avoid dodgy tradies and when it's time to tackle something on your own. 
When choosing a tradesperson for a renovation, what are the key things to consider?
<ul>
<li>Does the tradesperson have the right experience for the job? Each tradesperson is different so you want to make sure he or she has the right skill sets for your particular type of project.</li>
<li>Does he or she have the correct licences for the jobs they are undertaking? Licence requirements vary state by state and may be different depending on the size and value of the job</li>
<li>Are they covered by the right insurances?</li>
<li>Who will be doing the work - are they employees or sub-contractors?</li>
<li>Will they meet your timelines? Will this tradesperson be 100% focused on your project or do they have several running at the same time which runs the risk of your job dragging out. 
</li>
</ul>
How can renovators prevent issues with their tradesperson?
First and foremost, get the selection of your tradesperson right so that you don’t have any major or “unmanageable” issues. Unfortunately, issues become costly and stressful when the wrong tradesperson is selected, or, worse still, they have disappeared from the scene.
You'll also need to establish the track record of the tradesperson. Especially for major renovations - meet their recent customers and see the quality of the work. Find out what the customer experience was like with that tradesperson: did they meet deadlines, stick to budget and most importantly, how did they deal with issues that presented themselves along the way?
Find out if the tradesperson has clients that he or she does regular on-going work for, like local real estate agents or architects. How long have they know them and what can they say about the tradesperson's history and track record?
The thing with renovations is, sometimes thing do go wrong or expectations may not be completely met– but that can all be solved by selecting the right tradesperson upfront, and ones that care about their reputation and take pride in their work, as they are the guys that won’t leave until you are totally satisfied.
How can a person act when their tradeperson causes delays or doesn't complete a job as expected?
Always try and communicate your expectations around timelines and quality upfront.
In terms of how to “act”, don’t overreact and don’t be afraid to give feedback!  I have meet some homeowners that feel almost “afraid” to give a tradesperson feedback, but what they may not realise is that sometimes, unless you tell a tradesmen that there is an issue is, they may genuinely not be aware of it.
It’s always important to be as constructive as possible with the feedback and share the positives as well. Any reputable tradesperson will appreciate the feedback and work with you towards a positive outcome.
This article continues on the next page.
<hr class="system-pagebreak">
 
How can a person decide whether to DIY a renovation job or hire a team?
<ul>
<li>Do you have the time to DIY? Will it mean taking time off work and can you afford that?</li>
<li>Know your objective for doing it yourself. If it’s to save money, have you calculated the cost of your time off work and lost annual leave (something many people forget). It may take you far longer to do it on your own, which means it could be cheaper to hire a professional.</li>
<li>If it is a property you are planning to sell or rent, and going DIY means taking an extra four, eight or 12 weeks to get it to market or to get rental income, then does it work financially? It could actually be more costly to go DIY.</li>
<li>Are you experienced enough to do a DIY renovation? It is important to know your capabilities so that you are not left disappointed with the results, or, more importantly, risk your safety and health. Also, it is a lot more costly to bring a professional to fix up a DIY job gone-wrong than just to have a professional do the job in the first place.</li>
</ul>
<blockquote>
"I'm noticing a lot more women taking charge of renovation projects and doing it extremely well" 
</blockquote>
 
 
 
 
What are some of your top tips for DIY renovations?
<ul>
<li>Know your limitations and when to call in the professionals.</li>
<li>Absolutely leave anything that requires a licence or that is structural in nature to the professionals.</li>
<li>Don’t take shortcuts in areas where quality is highly visible, like tiling or cabinetry.</li>
<li>Take all precautions and don’t do anything that could risk your safety or those around you</li>
<li>Think twice about a DIY renovation for a property that you plan to sell post-renovation. As a potential seller, you have a huge opportunity to maximise the potential sales value of your property and reap the profits through a well done renovation. Quality plays a big part in that. Bad DIY jobs do not go unnoticed by potential buyers and can destroy potential profits.</li>
</ul>
What are some of the key trends in renovation that you're noticing at the moment?
I'm noticing a lot more women taking charge of renovation projects and doing it extremely well.
There's also a big trend in doing all the joinery of a home in a more consistent and sophisticated style from kitchen, to laundry to living and bathrooms, and all at the same time. Kitchen renovations continue to be popular, especially as they can add considerable value to the property, and homes are getting more lifestyle focused, with extensions of living areas “outdoors”, with covered decks, and mini outdoor kitchens.
For more information on what to do when your renovation goes wrong, see <a href="/expert-insights/building/lessons-from-the-block-what-to-do-if-your-tradie-disappoints">Lessons from The Block: What to do if your tradie disappoints</a>
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Renos, DIYs and tricky tradies: Q&A with Laorence Nohra

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The producers of The Block certainly know that if it ain't broke, you don't fix it.
The show's blend of drama, deadlines and dollars is a winning formula for the series (if the huge ratings and the turnout for last year's open for inspections are anything to go by), and the characters are the most essential part of the process. For the upcoming The Block Glasshouse, it seems the producers have been busy mining the past to recreate their success.
We've been <a href="/expert-insights/building/the-block-glasshouse-promos-released-series-coming-soon">introduced to the contestants of this series</a> in a number of promotions, and Property Observer thought some of the couples looked eerily familar.
Maxine and Karstan
<img src="/images/2014/07/18/karstan%20and%20max.jpeg" alt="">
Image courtesy of Channel 9.
We aren't the first to think that this season's young loved up New South Wales contestants reminded us of another season's young loved up New South Wales contestants.
Host Scott Cam spoke to The Herald Sun about Maxine and Karstan, saying:
"We had the super Ks ... (Kyal and Kara), this year we've got the supermodels.
"She (Maxine) is beautiful, he is this good looking bloke and they are just this perfect couple."
Kyal and Kara (pictured below) were the fan favourites last year - will Maxine and Karstan be just as popular?
<img src="/images/2014/07/25/kk.jpg" alt="">
Image courtesy of Channel 9.
Darren and Deanne
<img src="/images/2014/07/18/darren%20and%20dee.jpeg" alt="">
Image courtesy of Channel 9.
Maxine and Karstan aren't the only ones who have been compared to last season's contestants. It seems The Block Glasshouse's producers push to market Dee as reality TV shrew of the year is working. Before the series has even aired, News.com.au has published an article headlined: "Is The Block: Glasshouse contestant Deanne Jolly the most volatile Blockhead yet?"
Josh and Jenna (pictured below) of the 2011 incarnation of The Block also proved a reliable source of tantrums.
<img src="/images/2014/07/25/l_joshandjenna.jpg" alt="">
Image courtesy of Channel 9.
Carlene and Michael
<img src="/images/2014/07/18/michael%20and%20carlene.jpeg" alt="">
Image courtesy of Channel 9. The promo material released do their best to paint Carlene as a witch (complete with cackle), while both Carlene and Michael admit that it's the man of the couple that has trouble controlling his temper. Like Darren and Deanne, the young parents could turn out like Josh and Jenna.
Then again, they could turn out like any of the 14 (at our last count) blonde-woman-and-man couples that have already appeared on the series. Simon and Shannon
 <img src="/images/2014/07/18/shannon%20and%20simon.jpeg" alt="">
Image courtesy of Channel 9.
Will the two-Aussie-larakin-blokes-who-are-a-bit-cheeky-but-still-good-natured-and-very-loveable trope work for The Block Glasshouse?
The producers are clearly hoping so with Simon and Shannon, but it's unclear whether the Brad and Dale combo (pictured below) will be quite as successful with double Dales and no Brad.
<img src="/images/2014/07/25/721372-51cabcea-9454-11e3-8d43-e004d36a6c9a.jpg" alt="">
Image courtesy of Channel 9.
Chris and Jenna
<img src="/images/2014/07/18/jenna%20and%20chris.jpeg" alt="">
Image courtesy of Channel 9.
It's hard to pinpoint exactly where Chris and Jenna will fit in The Block universe. To our knowledge, the show has never featured an Asian Australian contestant before, nor a Maltese-Indigenous Australian.
So far, they're being marketed as the quirky renovation rookies as Steve and Chantelle were (pictured below) - let's hope they do as well out of the deal as last season's winners.
<img src="/images/2014/07/25/steve-chantelle.jpg" alt="" style="line-height: 1.3em;">
Image courtesy of Channel 9.
The Block Glasshouse starts this Sunday on Channel 9 at 6:30pm.
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The Block Glasshouse draws on the past for inspiration

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Renovators and home builders can expect to be assisted under draft supporting regulations for new laws from New South Wales Fair Trading Minister, Matthew Mason-Cox.
Measures proposed by Mason-Cox as pat of the Home Building Act reforms include fast-tracking IPART reforms, that allow residential work under $5,000 to be done without a permit.
Also, property owners will be able to do work on their home up to the value of $10,000 without an owner-builder permit.
These are additions to amendments passed by the New South Wales Parliament in May that cleared up definitions around structural defects, and tightened licence eligibility to stamp out <a href="https://www.timebase.com.au/news/2013/AT644-article" target="_blank">phoenixing</a> (defined by ASIC as "the fraudulent act of transferring the assets of an indebted company into a new company to avoid paying creditors, tax or employee entitlements"). 
“For most consumers, building or renovating their home is one of the biggest financial undertakings they will ever make in life,” said Mason-Cox.
“Modernising the Home Building Act is absolutely essential to enhancing consumer protection and ensuring the ongoing viability of the building sector.
Other changes may include a review of the scope of some categories of work for licences and certifications. Feedback is also being sought on deregulating excavation work, cleaning work and some fencing so that licences and home warranty isn’t required.
“The reforms will reduce the cost of providing building and maintenance services and help ease the cost of living pressures for consumers across NSW, while still providing an appropriate level of consumer protection,” he said.
Stakeholders can <a href="https://www.fairtrading.nsw.gov.au">still comment on the reforms</a>, with a submission deadline of 15 August 2014. Resulting new laws are expected later this year. 
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Draft regulations to assist renovators released: NSW Fair Trading

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A portion of property investing is often related to creating equity in a property – through developments, subdivisions and even renovations.
It's unsurprising, especially with shows such as <a href="/expert-insights/building/want-to-join-the-block-2015-heres-how-to-apply">The Block</a> and <a href="/expert-insights/building/underdogs-adam-and-lisa-win-house-rules-season-two">House Rules</a>, that renovating is a much discussed aspect of real estate for both home owners looking to improve their properties, and investors looking for bang for their buck.
Our Tuesday Q&amp;A is with Renovating for Profit’s Cherie Barber,  where we ask about essential renovation skills, the experts you can’t do without and whether you can really make money from a quick cosmetic fix up. Which skill is more important for renovating – a good eye for design or good management skills? I’d say good management skills are essential, whereas a good eye for design is definitely an asset, but you can always call on professionals to help out with that.
In the renovating game, it’s those with exceptional time management and organisational skills, who are great negotiators and communicators, and who know how to accurately set a budget and stick to it… they’re the ones most likely to succeed and make money.
A creative eye, without all those skills, might get you a beautifully renovated property, but it could send you broke! If you could choose just one professional as your “go to” for a renovation project, who would they be? I rely heavily on all my tradies, so choosing just one is difficult, but I’d say a really skilled carpenter is your biggest asset. They’re a jack of all trades who can turn their hand to most things, whether it’s putting up a stud wall, putting in a kitchen, making built-in seating for a courtyard or just smart shelving.
You really need a second in command on a project that you can depend on, so a carpenter would be my “go to” guy if I had to choose just one. Do you think there are any difficulties for women renovating? To be honest, it took me a couple of renovations to gain my confidence working as the only female on a building site – and not just the only female, but the one in charge! Not all blokes are comfortable with that, especially in a male-dominated industry like the building trade.
I’ve found the key is to be calm, assertive and very clear and direct in my communication style.
Never get emotional. You’ll minimise misunderstandings and disputes by having everything in writing, so if there’s a disagreement over an aspect of work or money, you have your written contract and detailed scope of works to fall back on. “Firm, but fair” is an approach that tradies understand and respect, whether you’re male or female. 
Friendliness goes an awfully long way on a building site. No one likes a dragon lady! Can buyers really make money with a cheap cosmetic renovation?  (Must read: <a href="/expert-insights/what-is-a-cosmetic-renovation-investment-terms-explained">What is a cosmetic renovation?</a>) Absolutely - loads of my students have done it! But you have to target the right properties.
If you’re looking for a two-bedroom apartment to renovate in a certain suburb, and you find that renovated and unrenovated two-bedders are pretty much selling for the same price, then it’s unlikely you’ll make money on the renovation.
You need to find decent “pricing disparity” – suburbs where buyers are willing to pay a premium for smartly renovated properties. That’s why careful research is so critical.
Buy the right property, in the right suburb, at the right price, and yes, you can definitely make money on a cosmetic renovation.   
During your shows you often point out that there are many ugly properties across, what are your most hated design features in a property? There’s a few thing buyers really don’t like. “Popcorn ceilings” are definitely one. They’re the spray-on ceilings that were especially popular throughout the 60s and 70s, and often contain asbestos. Visually they’re ugly and people don’t like the idea of asbestos in their home. Skinny little skirting boards and architraves always look cheap.
I hate bad layouts that don’t make the most of the available floor space, and unruly landscaping that was never properly thought out in the first place. And anything terracotta coloured – whether it’s tiled roofs, pavers or brick houses! Speaking of brick (especially those terracotta and blonde ones), rendering them is absolutely compulsory in my book. Are there any people who should not renovate a property? This probably relates back to question one, and the importance of excellent organisational, budgeting and negotiation skills. Those three cornerstones are just such a big advantage in the renovating game.
If you don’t have a single one of them, well, then you’re really going to struggle. Renovating isn’t an automatic road to riches. It takes time, focus, dedication and a lot of hard work to be successful.
Unless you’re willing to put in the hard yards to educate yourself about what’s required and then get out there and do it, you might be better off sitting at home. Trying to “wing it” is simply a recipe for disaster.
Cherie Barber is a public speaker, TV renovator and the owner of Renovating For Profit, a company that teaches everyday people how to buy and renovate properties for a profit. Cherie Barber’s <a href="https://www.renovatingforprofit.com.au/content/renovating-profit-home-study-cherie-barber-live-workshop-inclusions" target="_blank">next three-day Sydney workshop is August 21</a>.
YOU MIGHT ALSO WANT TO READ:
<a href="/expert-insights/building/three-reasons-you-should-renovate-for-profit">Three reasons you should renovate for profit: Patrick Bright</a>
<a href="/expert-insights/investing/to-renovate-or-not-to-renovate-that-is-the-question">To renovate or not to renovate? That is the question: Jo Chivers</a>
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Developments

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