We hear people say it all the time, real estate is all about the location! When it comes to buying property it’s never a one size fits all solution.
A number of factors can influence a purchaser’s decision when looking for the right property. Such as the type of property you are after and if it will it be an investment or a place to build your family home.
If you are looking to invest in a property that will increase in value over time, then looking for properties in “up & coming” suburbs, such as areas going through gentrification, or have proposed updates to transportation and infrastructure, would be a great place to start.
However, if you are looking to purchase a property that you can call home, there are different factors to consider. First you will want to consider your lifestyle, will the surrounding neighbourhood support you and your family’s interests? Is it close to public transport? Is it an easy commute to work and school?
With so much to consider, finding the right property in the right location is not always an easy task. Most suburbs can be broken down into four main categories:
Theatre, great live music, restaurants and amazing nightlife right at your doorstep! Walk to work and everywhere in between, the hustling CBD that is moving 24/7.
The inner city lifestyle with a slightly more affordable price tag. The suburbs that surround the city fringe are often family friendly and have good local schools, parklands, and reliable public transport.
Ideal for larger families with young children who are looking for more space. These areas are perfect for bringing up children and enjoy the easy access to public transport, schools and the proximity to large shopping districts.
Stunning scenery, fresh air and plenty of space. If you love your peace and quiet, whether you are near the sea or hinterland, this lifestyle is perfect for those looking for a quiet life away from the bustling city.
Another very important factor is your budget! If you are willing to forgo a view or your proximity to the city centre, there are actually a number of affordable locations depending on how far you are willing to move to find the perfect home.
If you are interested to find out more, check out realestate.com.au who provide details on Australia’s most affordable suburbs and their medium property sold price over the past 12 months.
So whether you’re all about the fast paced city life or about mountain tops and rain forest hikes, take your time, and don’t rush to make a decision!
Once you find the perfect home, regardless of what location you decide on, Deposit Power is here to help you secure it! Simply ask us how on 1800 678 979