Real Estate FAQ’s

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Buying or Selling on Bribie Island & Surrounds?

What’s my Bribie Island property worth?

The value of your Bribie Island property is affected by location, size, condition, renovations, age, and the current market conditions. Other factors include proximity to amenities such as schools, shopping centres, and transport as well as the supply and demand for properties in the area.

This is why we offer a FREE market appraisal for Bribie Island homes & the surrounding suburbs.

How do our Real Estate Agents determine the value of a property on Bribie Island?

We use various methods to determine the value of a property, including a comparative market analysis, a capitalisation rate analysis (expected rental returns), cost approach analysis and an estimated value based on recent sales of similar properties in the area.

What deposit will I need to buy a house?

The amount of deposit required to purchase a house varies depending on the lender and the borrower’s individual circumstances.

Generally, a deposit of at least 10-20% of the purchase price is required. However, this can also get as low as 5% if you are eligible for the First Home Guarantee Scheme.

Are there any grants or incentives available for first-time homebuyers in Australia?

Yes, there are grants and incentives available for first-time homebuyers in Australia. These include the First Home Owner Grant, stamp duty concessions, and the First Home Guarantee (previously the First Home Loan Deposit Scheme).

Useful Home Buying Links

Queensland first home owners’ grant
Transfer duty concessions and exemptions
First Home Guarantee

What are the council rates on Bribie Island?

On average, the total rates bill for owner-occupied homes in the Moreton Bay region is 5.6% or $1.71 per week.
Read more from the Morton Bay council website here.

Renting on Bribie Is & Surrounds?

How much bond do I need to pay when renting a house in Queensland?

When renting a house, if the rent is $700 per week or less, the maximum bond amount is four weeks rent. 

If the weekly rent is higher than $700, the amount of bond should be negotiated between the Lessor/Agent and tenant.  The law gives no maximum amount where the weekly rent is higher than $700.

What is a General Tenancy Agreement and how long does it last?

A General Tenancy Agreement is a legal contract between a Lessor (Owner) and Tenant which outlines the terms and conditions of the Tenancy.  There are no legal limits to the length of a General Tenancy Agreement, but the most common is 6 or 12 months.

What is the difference between a fixed-term lease and a periodic lease?

There are two types of General Tenancy Agreements – Fixed Term (with an end date) and Periodic (no end date).  There are different notice periods and provisions for Lessors and Tenants to terminate a General Tenancy Agreement depending on whether it is Fixed Term or Periodic.

Can I terminate my lease early?

It is possible to terminate your lease early in certain circumstances, such as a hardship or if you and the landlord mutually agree to end the tenancy early. However, you may be required to pay break lease fees, which can include rent until a new tenant is found and advertising costs.

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