You might already know that good coffee, inventive brunch dishes and tasty sweet treats (hello Black Star Pastry and Gelato Messina) are easy to find in Rosebery.
Unsurprisingly, Rosebery is also a great place to live. Murray Groom from Metro Conveyancing shares his advice on how best to approach buying in one of Sydney’s hottest precincts.
Hi Murray, thanks for the chat. We’ve known Rosebery is great for a while, and now it seems like everyone is catching on. What do you love about the area?
Rosebery has really taken off in the last few years. About 11 years ago I was approached by a lender – a RAMS franchisee – who was looking for a conveyancer to rent an office, and I decided it was a good fit. Rosebery has grown exponentially in that time! It was once a bit of a sleepy suburb, but that is definitely no longer the case. Now it’s a hive of activity, particularly when it comes to food. The Cannery Rosebery is fantastic, and just near our office a former City of Sydney garbage truck depot has recently been transformed into a new cafe and retail space. There’s lots of new development and money that’s been injected in the area, and with that comes people and activity.
Tell me about the kind of people who live, work and play in Rosebery?
It’s a bit of a mixture, which makes it all the more interesting. Traditionally there were a lot of older people living in the area, but because of the influx of apartments, retail stores and eateries, now there are also plenty of singles, young couples and families in the area, too.
Do you have a favourite coffee spot?
My favourite coffee shop is called Sub-Station. It’s new, and like the name suggests, it’s located in a former substation.
We imagine with the property boom that’s going on you’d need coffee daily. Is there such a thing as a typical day in your life as a conveyancer?
My typical day is chaos. I’m a sole trader, so I do everything that needs to be done. Maybe it’s the combination of the momentum you get after a certain amount of time and Covid, but I have never been busier. Property has benefited from some of the circumstances brought on by Covid – people can’t spend their cash on overseas holidays and money is very cheap.
When travel opens up again, do you still think people will be as excited to buy?
We’re a bit property mad in this country. We love home ownership and we are prepared to go into significant debt to achieve it. It’s part of our psyche of security, comfort and success. Australians are dedicated when it comes to owning a home, and I don’t see that changing any time soon.
Thinking of selling?
So it’s a good time to be a conveyancer, then. What is the difference between a conveyancer and a solicitor?
A conveyancer specialises in – and only performs – property transactions, whereas a solicitor does any and all legal work. I’m a mixture of the two. I have a full law qualification, but I only practice conveyancing. I wanted to do one thing and do it well.
Does everyone who buys and sells property need a conveyancer?
It is possible for someone to do their own legal work, but it’s also possible to do your own dentistry. My opinion is that it’s unwise. It’s better to engage someone who is professional, has experience and has insurance. The potential cost of a mistake can be very high, whereas the cost of a transaction in legal fees is not very high.
Can you tell me about how you fell into conveyancing?
I’ve always been interested in property, so conveyancing was a natural fit. I’m a son of a bank manager and I grew up with talk of home loans and buying properties. My father always said to buy property, but never sell it. I guess his message stuck, as I bought a property when I was 20 for $27,000. Property is something I’ve long been familiar with, so it was a logical place for me to practice my legal work.
What is the most common mistake you see buyers making when they’re considering purchasing a place?
Sometimes people can be reluctant to start talking price. My attitude is that there is no deal without an agreement of price, so I recommend buyers start the conversation there. I think that by commencing the price discussion reasonably early, it shows that you are serious.
That makes a lot of sense to me! Thanks for the chat and advice, Murray. Visit metroconveyancing.com.au for more about Murray’s services.