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Should you buy on a main road?

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Manage episode 475658710 series 2761646
Content provided by Amy Lunardi. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Amy Lunardi or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

This episode isn't just about busy roads; it focuses on factors impacting livability and capital growth, particularly location.

Many of my clients avoid busy roads, but some are open to them. It's a subjective decision, but buyers should be aware of the potential drawbacks.

In this episode I run through -

Livability Considerations:

Main Road Factors: Noise, safety, pollution (air and potentially visual), getting in and out of the property, aesthetics, tram lines, speed humps.

Different Levels of Busy Roads: Not all busy roads are the same.

Different Times of Day: Consider how busy the road is at various times.

Google Maps: Use Google Maps to understand the thickness (number of lanes) of the road.

Setback from the Busy Road: Busy road but set back in the block can mitigate some issues.

Public acquisition overlays (potential future road widening).

Proximity (a few houses back): Topography can affect noise; near a freeway, noise can carry far.

Proximity to Amenities/Disruptions:

Next to a pub/shops (noise, traffic).

Near industrial/commercial zoning (noise, traffic, potential odors).

Train line/airport (noise).

Social housing (potential for increased activity).

Transmission power lines (potential health concerns, aesthetics).

Blocks of vacant land/development sites (potential for future disruption).

Other Considerations:

Overcapitalizing: You might overcapitalize by extensively renovating a property on a main road.

Discounted Properties: Bigger blocks with rundown properties on main roads might be discounted (Fairfield example: $1.1m vs. $1.7m).

Growth Zoning and Main Roads: Consider growth zoning and buying near main road projects/developments (potential for future changes).

Buying Near Big Road Projects/Developments: Be aware of potential disruptions during construction and long-term impact.

When Buying a HOME, What's Important?

Ticking Your Own Boxes: Prioritize what's important to you, but consider future capital growth.

Buying at a Discount: You might get a discount on a busy road property, but it could be harder to sell and potentially at a bigger discount in softer markets.

Compromise: Consider buying on a busy road or another compromise (e.g., further from the city).

Key Takeaway:

Sometimes, being on a busy road allows you to get into a suburb you couldn't otherwise afford, or a renovated property, or into a certain school zone. This highlights the trade-offs involved.

Keen to know more? Visit www.thefirsthomeguidebook.com.au

  continue reading

41 episodes

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Should you buy on a main road?

The First Home Guidebook

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Manage episode 475658710 series 2761646
Content provided by Amy Lunardi. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Amy Lunardi or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

This episode isn't just about busy roads; it focuses on factors impacting livability and capital growth, particularly location.

Many of my clients avoid busy roads, but some are open to them. It's a subjective decision, but buyers should be aware of the potential drawbacks.

In this episode I run through -

Livability Considerations:

Main Road Factors: Noise, safety, pollution (air and potentially visual), getting in and out of the property, aesthetics, tram lines, speed humps.

Different Levels of Busy Roads: Not all busy roads are the same.

Different Times of Day: Consider how busy the road is at various times.

Google Maps: Use Google Maps to understand the thickness (number of lanes) of the road.

Setback from the Busy Road: Busy road but set back in the block can mitigate some issues.

Public acquisition overlays (potential future road widening).

Proximity (a few houses back): Topography can affect noise; near a freeway, noise can carry far.

Proximity to Amenities/Disruptions:

Next to a pub/shops (noise, traffic).

Near industrial/commercial zoning (noise, traffic, potential odors).

Train line/airport (noise).

Social housing (potential for increased activity).

Transmission power lines (potential health concerns, aesthetics).

Blocks of vacant land/development sites (potential for future disruption).

Other Considerations:

Overcapitalizing: You might overcapitalize by extensively renovating a property on a main road.

Discounted Properties: Bigger blocks with rundown properties on main roads might be discounted (Fairfield example: $1.1m vs. $1.7m).

Growth Zoning and Main Roads: Consider growth zoning and buying near main road projects/developments (potential for future changes).

Buying Near Big Road Projects/Developments: Be aware of potential disruptions during construction and long-term impact.

When Buying a HOME, What's Important?

Ticking Your Own Boxes: Prioritize what's important to you, but consider future capital growth.

Buying at a Discount: You might get a discount on a busy road property, but it could be harder to sell and potentially at a bigger discount in softer markets.

Compromise: Consider buying on a busy road or another compromise (e.g., further from the city).

Key Takeaway:

Sometimes, being on a busy road allows you to get into a suburb you couldn't otherwise afford, or a renovated property, or into a certain school zone. This highlights the trade-offs involved.

Keen to know more? Visit www.thefirsthomeguidebook.com.au

  continue reading

41 episodes

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