Don’t Forget Your Building and Pest Inspections When Buying In Oxley
Oxley is a suburb on the move and at only 11km from Brisbane’s CBD it’s quickly becoming a highly desirable residential area. Previously considered a poorer alternative to the affluent neighbouring suburbs of Corinda, Sherwood and Graceville, it’s now trendy to live in Oxley and properties are increasingly in high demand.
With a wide variety of housing types available, building inspections are essential for Oxley purchases. What’s more, having a trusted building inspector pre-arranged might be your secret weapon if you need to act quickly to purchase.
Why residents love calling Oxley home
Much of Oxley’s population is young families with growing children. Couples with children are moving to the area for convenient commuting to the city and they stay to appreciate the family-friendly lifestyle. The suburb is well serviced by public transport; major arterial roads provide easy access to other areas of Brisbane and also the Gold Coast.
Oxley itself has all you need, with major grocery stores, numerous cafes and smaller local shops. You’ll also find ample recreation with two golf courses and other sporting clubs available. Additionally the QPS Training Academy and government agencies are located in the suburb and draw interest, and employment, to the area.
Wide, leafy streets, parklands and recreational areas are characteristic of Oxley, which has a reputation for community spirit and a relaxed and friendly attitude.
Andrew’s tips for buying in Oxley
Oxley is a suburb experiencing rapid change. Long gone are the days of Oxley being seen as the poorer cousin to its rather posh neighbours! Oxley is, in its own right, a premium Brisbane suburb – and with that premium, comes inflated purchase prices. Buying for the address means you’re vulnerable to paying post code premiums regardless of the quality of the home. With a long history of low cost rentals and low quality landlords could mean problems hidden just below the surface. Cheap renovations and “band aid solutions” to repairs could mean your premium property sticker price comes with long term financial woes. Areas like Oxley need a proper, comprehensive and trustworthy pre-purchase inspection to rule out these issues. Once you’ve got your report, you can use it to re-negotiate your purchase price if there are any issues with the property.
The sorts of homes you’ll find in Oxley.
If you’re keen on buying property in Oxley, it’s essential to know that some areas are low lying and prone to flooding. This makes arranging a thorough and professional building inspection more important than ever. As a leafy area, pest inspections are also a must to ensure ants, spiders or termites aren’t taking up residence – especially in timber homes.
As it’s an older suburb, there are a number of stately and traditional Queenslander style homes in Oxley. Larger home blocks are more recently being subdivided into new developments, and townhouse complexes are quite common. The median sale price of a 4-bedroom house is currently $526,000 and you can expect to pay an average of $346,500 for a unit or detached townhouse.
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Arranging your Oxley building inspection.
A building inspector with local knowledge of Oxley and its flood prone areas should be on speed dial if you are searching to buy a home in this suburb. There is high demand for property as entry price point is lower than surrounding suburbs, with growth potential well recognised.
It’s usual to have 14 days from when you sign the contract until the purchase becomes unconditional so arranging any building and pest inspections promptly is crucial. Don’t risk missing out on your dream property in Oxley, call today!
Contact Action Property Inspections today to arrange building and pest inspections for your Oxley property purchase.
Looking in the area? Why not look at Darra?