A cafe next to a park, train station or corner will add value to the property, so what factors will reduce the value of the property?
Some that everyone doesn't like-almost nobody wants to live near a prison or sewage plant-but sometimes the downside of a property is welcomed by some buyers.
Damian Collins, general manager of Momentum Wealth, a real estate investment consultancy, says families with children may not want to live near noisy main roads, while young singles who live in sound-proof three-story apartments will like the convenience.
It is usually convenient to live near a railway station or shopping mall, but staying too close can cause noise, traffic congestion or a shortage of parking spaces.
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Collins said that while buyers should avoid some of the common problems, if they decide to take a risk, he lists the average price reductions he expects from the urban average for Australian property buyers.
1. High voltage wire
The question of whether high-voltage wires are harmful to health has been controversial for many years. According to data from the Australian radiation Protection and Nuclear Safety Agency, "there is no clear evidence that magnetic fields in high-voltage wires or substations are hazardous to health." However, "long-term exposure to strong magnetic fields in children with leukemia is also possible."
With the exception of such uncertainty, high-voltage wires do not do much harm, Collins said.
"High-voltage wires are definitely the worst-case scenario, not because it's really bad, but because people think it's a health hazard," Collins said. "when people think it might affect their health, Even if there is no clear evidence, you will not like it. "
Expected depreciation rate: 25%
2. Substation
Like high-voltage cables, Collins advises Australian property buyers not to buy houses close to substations. "similarly, there is no evidence that substations can affect health, but people still feel unsafe," Collins said.
Expected discount rate: 10 / 20% (if property is adjacent to substation)
3. Route
"if you live under the plane route, especially in Sydney, there will be a considerable noise problem," he said, adding that double-glazed windows and other sound insulation methods can greatly improve the noise problem. Sydney's airport is closer to residential areas and therefore has a greater impact.
Expected discount rate: 10 / 20%
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4. Main highway
It is unacceptable for many buyers, especially families with children, to have noise and safety problems if they live in the vicinity of an expressway or a main road.
In particular, a single home next to a highway can have a lot of problems, Collins said, because you have to pull your car out of the driveway and drive to a congested road or high-speed driveway.
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"if it was an apartment, people wouldn't be so worried about it," he said. "you could drive the car directly out of the underground parking lot. In addition, if you live in a high-rise apartment, the noise problem will be even less. "
Expected discount rate: 10 / 20%
5. A real estate in the immediate vicinity
Unfortunately, sometimes a property next door or rear can have a negative impact on your favorite home. Is there a bad effect on the house next door? Or next door may be overgrown with rubbish and filth.
"if there is a dirty apartment across from the house, buyers need to consider it seriously," Collins said.
Expected discount rate: 5 / 10%
