Buying In Moorooka? Don’t Forget Your Building and Pest Inspections!
If Moorooka is a suburb of interest to you, as a buyer or investor, be sure to secure peace of mind with expert building inspections before you buy. Situated approximately 7km from the CBD on Brisbane’s south side, Moorooka is not yet as trendy as some of the other inner city suburbs. This makes it very appealing to first home buyers and investors. There are great opportunities, but don’t risk proceeding without knowing exactly what you’re getting for your money.
The figures show that residents of Moorooka tend to be predominantly between the ages of 20 and 40 with the numbers of young families and professionals on the rise. Major roads through the suburb include Beaudesert Road and Ipswich Road, along which you’ll find a mix of commercial, industrial and residential properties. Famously, there’s the Moorooka Miracle Mile of car yards known city-wide as one of Brisbane’s most established locations for car dealerships.
Housing in Moorooka is eclectic. Amongst Queenslander style gables sit ‘70s style brick units and tidy 3 bedroom post-war homes. Interest in the suburb and also the surrounding areas of Tarrigindi, Salisbury and Annerley has led to property owners investing in renovation and remodelling.
In January 2016, you could expect to purchase a 4-bedroom home in Moorooka for $623,000 and renting the same could be at around $455 per week.
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There’s many reasons why you’d buy a home in Moorooka
Moorooka is ideally placed for inner city living without the hefty price tag…yet. With undiscovered pockets there’s still opportunity to enter the market before popularity increases and housing values rise.
Living in Moorooka offers a quick commute to the city and the bus service is reliable. The local state primary school has a solid reputation and there are high schools, public and private, in nearby suburbs. There are ample amenities for families, no shortage of shops and plenty of small eateries.
The streetscape has recently been refreshed. This street appeal, along with expanses of park land, makes Moorooka an attractive and appealing suburb.
First Home Buyer? Here’s our inspector’s top tips for buying in Moorooka
Talk about a suburb that re-invented itself overnight! Moorooka, once synonymous with car yards, railways and heavy industry, is now a hot spot for first and forever home buyers who want to live close to the city. Moorooka however, has a long history of affordable housing and rental properties, and even a few issues with flooding.
Long term low cost rentals usually means poorly maintained properties and renovations done on the cheap. While your potential new Moorooka home may look as pretty as a picture, it may have a dark past! A thorough, superior pre-purchase inspection should detect any issues laying just below the surface.
For first home buyers, you’ll find yourself up against some pretty savvy investors. It’s vital to arm yourself with information on that first vital walk through. Know what to look for, know what you can afford and what could cost you long term. Then you can put in your offer with confidence.
Get our FREE first home buyer guide here.
Arranging your building inspector in Moorooka
As demand for housing in Moorooka is greater than the state average, it should be stressed that buyers with interest in the area should be ready to act as soon as a suitable property is listed. One way to ensure a smooth purchase is to pre-arrange a thorough building inspection. This is particularly important in suburbs such as Moorooka where there are many older homes and issues like subsidence or concrete cancer may arise.
Action Property Inspections recommends selecting a professional building inspector with specific knowledge of Moorooka so you’ll have peace of mind that your property investment is sound.
