Pest and Termite Inspection East Melbourne Vic 3002
Living this close the CBD of Melbourne isn't going to be a cheap endeavor, but in saying that, the houses that you can expect to live in are immaculate.
2 bedroom houses in East Melbourne are going for an median price of $1.475 million. Nearly all of these are via auction, with over 15 being sold in the past 2 months. So, if you're sold on the idea of living in the area, you better bring your A-game to auction day, because its gets real competitive, real fast.
The average age of the suburb hovers around the 20-39 mark, with definitely more singles in the area with a 2/3 split. Nearly 57% of all locals rent, while the other 43$ are either paying off a mortgage or own their house outright.
Despite having -5% growth over the past 12 months which makes it one of the worst performers in Australia, its seen positive growth spanning the 5-year mark, with averaging growth sitting at 6.46%.
With 20% down on the average cost of the property, you can expect to pay just over $6,000 a month, or more accurately, $1,466 weekly.
According to the Australian Bureau of Statistics the postcode of 3000's median mortgage has increased by about 35% from the 2006 to 2011 period, and will only continue to grow.
Regardless of if you're a multi-millionaire who can buy one of these places outright, or if you think that the $1,500 a week is going to be pretty tight on the budget for a while, its always imperative that you get a pest and termite inspection. A lot of the buildings in this area are older and have been renovated inside, which can often be a great place for termites to hang out, causing some pretty serious structural damage. Needless to say, having to fork out another 10k per room when you finally do discover the termites is going to do more than sting a bit.
So, whatever category you fit into be sure to engage with a licensed building inspector to check for asbestos, pests, termites and structural defects that could further impact mortgage repayments in the future!
When choosing a Building and Pest Inspector be sure to ask them the following questions:
- Do you have professional indemnity and public liability insurance?
- How long have you been inspecting houses in Melbourne and the East Melbourne area
- Are you a licensed builder?
- Will you check the roof of the house?
- How will you identify any pest, termite or rotting woods behind the walls?
- Do you know or have any affiliation with the real estate agent you are dealing with on the property being inspected?
If you are not satisfied with the Building Inspectors answers to each of these questions then contact another building and pest Inspector in East Melbourne.
Our licensed building inspectors will positively answer all the above questions, so feel free to book in an inspection today!