Home' API Magazine : April 2014 Contents 45
API APRIL 2014
APRIL 2014 API
talking to a selling agent at an inspection.
“He casually mentioned something
about ‘off market’ properties and we
were like ‘what? What’s that?’ We’d
never heard of this before and this agent
explained that the best buys, those really
sought-after listings, were usually shown
to the agent’s preferred buyers’ agents
first because some vendors prefer selling
their homes outside the open market if
they can to avoid having to do all the
open houses and advertising.
“It was a revelation to us and we
promptly engaged our buyers’ agent. She
cost us $5000 but it was the best $5000
we ever spent.”
The property did end up going to
auction despite the fact the couple
made a pre-auction offer of $760,000
to buy it. Their offer was rejected. But
it was passed in to their buyers’ agent
on auction day and during subsequent
negotiations she crunched the sale price
down to $718,000; $42,000 less than John
and Jane’s initial offer!
“Buying it for that price effectively put
us almost $100,000 ahead,” John smiles.
But the wealth gain didn’t stop there.
Thanks to the generous and enthusiastic
contribution of time and labour from
Jane’s parents, aunty and the couple’s
social circle, seven weeks of hard yakka
was rewarded with a revamped and
The crack “working bee” team of five or
six people at any given time did all the
cleaning, preparing and taping of walls
and windows ahead of a complete interior
repaint, removal of rubbish from the
previous owner, replacement of the bath
and vanity unit, and gardening.
Tradesmen were contracted “to shorten
the turnaround for rental purposes” for
tasks including replacing glass in arched
doors, and installing new gutters, flashing
on the bay windows and a new kitchen.
The front verandah was re-concreted
and given new pillars and a specialist was
brought in to polish the floorboards.
An external painter, John’s mate,
helped out when John got seriously ill a
couple of weeks into the project and the
renovation was threatened by potentially
“I was calling in favours at every turn
because when we settled, the house
“I had actually thought when we bought
it that we could do it all in two weeks but
when we started pulling things apart we
were finding all these surprises. Enamel
was peeling off the floor of the tub. The
oven, for example, took nine cans of Mr
Muscle cleaning agent and a screwdriver
to remove the muck. The bathroom
ceiling had about one inch of grime on it
and you’re meant to use one part bleach
to every four parts water; we used a whole
four-litre bottle of pure bleach and a can of
Mr Muscle to get it off!
“If it hadn’t been for the contribution of
our families, particularly Jane’s parents
and aunty who would drive down every
weekend from Echuca, two and a half
hours away, to help, and I mean we were
starting at 6am and working until 7pm,
this project would have taken us three or
four months and cost us $50,000-plus.
“When I got sick in the middle of it all,
everyone just pulled together and kept
going and the blood, sweat, tears, illness
and grime really were all worth it looking
back, as it has secured our future quicker
than we ever could have hoped.”
Yarraville house bathroom before
Yarraville house kitchen before
Yarraville house bathroom after
Up to $23,200
in rebates now
available on new
*Conditions apply, rebates available for a limited
time. See landcorp.com.au/broomenorth for
Waranyjarri Estate in Broome North is
located in the idyllic Kimberley coastal
town of Broome, a resources hotspot
with offshore oil and gas and a regional
centre for Government employees.
Single residential lots are sized from
544sqm – 880sqm and priced
Duplex lots start from just $245,000
and sized from 595sqm.
To take advantage of this limited offer
contact sales agent Ric Cockman of
Ray White Broome on (08) 9192 2122.
Yarraville house kitchen after
A YEAR’S SALARY \\ COVER STORY
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