No such thing as a perfect property: lessons from Location Location Location Australia

On this week’s installment of Location Location Location, the theme of the episode focuses on perfection and practicality.

Host Bryce Holdaway is helping Andrew look for a one-bedroom unit close to the Sydney CBD with parking and pool within his budget of $650,000.

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Andrew has looked at 100 properties and hasn’t been able to settle on any.

“There is no perfect property, but there is a lot of excellent property out there and there is a subtle different, but perfectionism is a bit of a disease and it’s really unhealthy,” says Holdaway.

The second lesson of the show is to have a strategy when putting your offer in.

Andrew offered below the advertised asking price but had everything lined up before.

“That’s part of our strategy – get the strata report done, get your bank all lined up and get the contract reviewed by the solicitor prior to us putting an offer in so now we’re in a really strong position and if the owner has a look at your offer, they’ll see it’s really compelling,” says Holdaway.

Veronica Morgan is helping Richard and Janey look for a three- to four-bedroom home with a family friendly layout.

The only problem is, they want to live in one of Sydney’s most expensive suburbs but have a budget of $2.2 million.

They already have two children and have a third on the way and Morgan keeps putting the question forward of whether location is more important or space, as they are not going to get both for their budget is their desired suburbs.

In terms of renovating, Morgan says to move into a house and live in it for a while to work out the best way to make the house work.

“The best renovations are a result of that,” says Morgan.

The next episode of Location Location Location airs on Wednesday October 9 on the Lifestyle Channel.