After emigrating to Australia in 2017, Hu Fengyuan bought a house in Victoria. After that, because her daughter was going to study in the United States, she was ready to sell her house in Australia. The agent told him that the house was hard to sell and would have to drop by more than 20% to try to sell it. Mr. Hu doesn`t understand why house prices have fallen so fast. The agent told him that the street name of Mr. Hu`s house was embarrassing. When Mr. Hu looked up, he thought he had made a mistake, but it was Butt Street, that was buttocks street. Who wants to live in buttocks street? When you sell it, tell the buyer that my house is on the buttocks street? Is the buyer laughing or going to scold the street? Mr. Hu regretted the carelessness of buying a house and did not look it up in detail. Later, Mr Hu looked into the embarrassing names of Australian streets, where the value of property on streets with awkward names was much lower than that on ordinary streets, an average of about 20 per cent lower.
Buttocks street
Later, students at a high school in Victoria, the Australian Bureau of Statistics, the University of Sydney, and a Melbourne real estate agency conducted a more detailed survey.
Cow`s shit street
Mr. Hu surveyed 27 streets with strange names, such as Butt Street,Fanny Street,Wanke Road,Beaver Street,Willys Avenue,Grogan Court, which has the meaning of "butt" and "genitalia," comparing nearby streets with common names. The sale of more than 4500 homes on these streets over the past half century has been investigated.
Fake yang street
Houses on grotesque streets cost about 20 percent less than those on nearby streets, or A $ one hundred and forty thousand below Melbourne`s median real estate price.
Shit Street
Mr. Hu also asked hundreds of residents how they felt about odd street names, and 1/3 of respondents did not want to live on such streets, leading to lower prices as a result of reduced competition for home purchases. Such street names may embarrass some people when filling in addresses.
This street. That`s tough!
Nicole Jacobs, a property expert in Victoria, said she was surprised by the results of the investigation, but said finding a humorous street name could be a good thing for a shrewd buyer.
Condom Street
If you find a dream house on an interesting street, you won`t give it up. People don`t miss a good house because of street names, of course, but the idea is interesting. If you find a good house with interesting street names, then this is a good opportunity to buy a house.
Dead end! I`ll give you a ride to the sky!
