EXISTING HOME OWNERS

CONSIDERING UPGRADING YOUR HOME by buying in a better suburb?

• You can find out whether capital growth is likely to occur in the short term (or whether negative capital growth is likely to occur in the short term) in the suburb you are considering selling your existing home in as well as the suburb you are considering buying in.

Jennifer and David were excited about the prospect of upgrading their existing home to move into the suburb which for years they had been dreaming about living in. They had finally reached a financial position where their dream could now become a reality. But when would it be a good time to sell their existing home and when should they buy their new home? They wanted to make sure values in the suburb they intended to move into weren’t likely to fall in the short term but if that was looking likely (with a SELL or HOLD-SELL signal on SuburbWatch) then they might delay buying their new home until a better time. They also wanted to know whether they should sell their existing home now or maybe keep it for a whilst before selling it.

So they would subscribe to the suburb, on SuburbWatch, that they wanted to move into and the suburb their existing home is in to help them decide when to make the move to sell their existing home and buy their new home. SuburbWatch’s analysis may indicate that it’s a good time to buy (with a BUY, BUY-HOLD or HOLD signal on SuburbWatch) in the suburb they already live in which means they should probably wait for a whilst before selling as property values may be likely to increase in that suburb in the short term.