One of the main reasons a property’s location is so important can be captured neatly in the old adage ‘you can change a house, but you can’t change its location’.
However, searching for the perfect location involves more than simply looking for the worst house in the best street. It’s owner occupiers that underpin property values, so choosing the right property, in the right suburb, is important from both a lifestyle perspective, as well as an investment perspective.
It’s essentially ‘community spirit’ that makes a suburb a thriving hub of activity attractive to homebuyers. Therefore suburbs that have been established for a period of time – usually evident in the architectural landscape – will offer the widest range of amenities and attract a diverse demographic which increases buyer demand, fuelling capital growth.
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