Do you know the factors that have the most significant impact on property prices? Many will say ‘location’, which rates in the top three. However, many other factors are often out of your control, and some may surprise you.
Traffic – major busy roads with high traffic noise. Do your homework and research any future infrastructure projects.
School Zones – parents want the best for their children, and suburbs near well known schools will attract a higher sale price.
Neighbourhood – no one wants rowdy or nuisance neighbours, loud parties, dogs barking, or out-of-hours maintenance work by people in the street. Take the time to sit outside the property in the evening. Knock on the door of a well maintained house and ask them about the street.
Close to amenities – research has shown that walking to nice local cafes, pubs, farmers' markets, supermarkets, parks, or shopping centres can positively impact the sale price.
House numbers, street types and names – It may sound strange; however, the details of a property address can impact the value of a property, especially within multicultural areas. We suggest you research this before buying your next property as you may be surprised.
BONUS, properties with the potential for renovations, close to transport, treelined streets or well-landscaped suburbs, land size, sociodemographic, the age and condition of the property will all affect price values.
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