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What Buyers are looking for in Kenmore

What Buyers are looking for in Kenmore

With over 150,000 buyers actively looking in Kenmore and with the market favouring sellers, now is a great time to sell.

Renowned as a welcoming community full of friendly faces, bustling cafes and charming parklands, Kenmore has been rising in popularity over the years thanks to its spacious residential blocks which are dotted along established tree-lined streets showcasing a diverse collection of real estate including traditional Queenslanders, hilltop family homes and understated suburban sanctuaries.

38 Gleneagle Street, Kenmore | 4 bed 2 bath 2 car

Expansive or Growing Families 

The excellent schools in the area and surrounds have attracted a large family demographic to Kenmore.  To accommodate for their needs, these buyers have been seeking large three-to-four-bedroom homes with pools, ample living spaces, and master bedrooms with generous ensuites. Space for the kids to play is essential to this group who put great emphasis on manicured backyards with room for the trampoline and busy birthday parties.  Large kitchen facilities with adequate space for dining also ranks high on this demographic’s agenda.

87 Bielby Road, Kenmore Hills | 4 bed 3 bath 2 car

The Renovator

Kenmore has been a hive for DIY’ers over the past 18 months with buyers seeing great profit potential in renovating some of the suburbs older style homes into highly sought-after modern delights. With homes in Kenmore built in an era where quality was key, many dwellings are just in need of either a bit of render, an update to contemporary colours or some landscaping and clean-up to bring them back to their former glory. And with renovating made ever more popular by TV shows like The Block, everyone seems to want to try their hand at making their millions by strapping on the toolbelt.

32 Kingfisher Place, Kenmore | 4 bed 2 bath 2 car

The Developer

One of the biggest draw cards for buyers in the Kenmore area is the large parcels of land, particularly sporting homes that can be easily moved or adjusted to allow for the application of a second block.  Keen developers have been frantically searching for blocks in the area that allow them to increase the value of the property by submitting development applications to the local council.

Generally, this buyer is more focused on the feasibility of the project that they have in mind.  O’Neill Estate Agents works very closely with sellers of properties which have development potential to present the property in a way that attracts this particular type of buyer.  On top of that we have a healthy database of active buyers looking for this type of property which helps when it comes to getting the highest possible price for you.

109 Tinarra Crescent, Kenmore Hills | 5 bed 3 bath 2 car

The Traditional Investor  

With a rental yield averaging 3.5% in Kenmore the traditional buy-and-rent investor is seeing potential in the Kenmore market.  Like the developer, this buyer tends to be driven by the numbers considering all the outgoings vs all the income to see if they can make a profit after tax deductions.

Although Kenmore has become more of a hub for owner occupiers, there are still pockets where investors can pick up bargain properties ripe for rental.  We have been seeing trends lately of the traditional investor putting their renovator cap on endeavouring to improve the rental income on properties to boost the properties rental yield.

38 Gleneagle Street, Kenmore | 4 bed 2 bath 2 car

Kenmore boasts a comfortable and convenient lifestyle, with easy accessibility to local dining experiences and green spaces.  Buyers in the area are seeking properties that are within proximity to schools and offer indoor/outdoor living options.

If you want to take advantage of the current conditions, we suggest getting in contact so we can make some suggestions to you about how you can get the best price for your home.  Presentation of your home makes a lot of difference to the final price you achieve.  The other major factor is bringing enough potential buyers to the property to create competition.  The good news is, that we can help you with both presentation and buyers.

Fill in the contact form to speak to the team about booking a no obligation appraisal with us, giving you the opportunity to make an informed decision before selling.

 

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    Clair Langhorne

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