“Buyers generally have a broader search criteria with a budget range to suit,” she said.
“They’ll commonly start with more defined particulars and broaden those as they get further in their search.
“First homebuyers and young families entering the market gravitate towards areas offering a more accessible price point and neighbouring lifestyle hubs.
“This includes areas such as Craigie, Beldon and Heathridge, which offer easy access to beaches and entertainment, and areas like Caversham, Ellenbrook and Brabham that are near Swan Valley.”
Ray White Cannington Sales Associate Gemma Cotterill said location was a big factor when looking for a property.
“Whether it’s a specific suburb or an area, location is often a non-negotiable for buyers,” she said. “Properties that are close to some of the top schools, workplace districts and public transport tend to be highly sought-after.
“First homebuyers without prior credit access can be limited in their borrowing capacity and therefore expand their search criteria into areas they did not originally consider to get the best value for money.
“First homebuyers understand their first property will not always be their first choice in terms of location or internal specifics, so it is important to keep in mind that a first property can just be a stepping stone to their dream home.”
According to Ms Baker, aesthetics come second to the liveability of a property but, of course, play an essential part.
“Renovated or modern properties with manicured gardens and neutral tones and style are the most popular on the market and generally yield the highest level of competition,” she said. “Behind this, quality homes needing a little extra love in sought-after areas are still in high demand.
“We’re seeing an increasing appetite for renovators’ delights – buyers like the idea of renovating to their personal taste and getting into the suburb they want sooner.”
Ms Cotterill said the market was seeing fewer first homebuyers building and more opting to purchase established homes.
“With rental prices increasing exponentially, tenants are realising just how much they could save per week if they purchased instead,” she said.
“The downside to this is an established home doesn’t always include the same fresh features a new home would.
“So, as a first homebuyer entering the market, make sure to keep an open mind and be flexible about what you thought you wanted.”
As buyers look to seek out a good price for a property, Ms Cotterill advised putting your best foot forward from the get-go.
“When a property is noticeably competitive, we encourage buyers to put their best and highest offer forward first to save disappointment,” she said.
Holly Coomey
The West Australian
Mon, 14 March 2022 12:00AM