The real estate industry in Australia is continuously growing, with more and more homes and real estate investments being offered to people with varying needs and preferences.
Check out the transportation system
It pays to be close to main roads and public transport links, particularly busses and trains.
If you’re looking for a good suburb for residence or you’re investing in real estate, you’ll find a wide range of resources online, informing you about what to look for. But what does a good suburb entail? Here are 10 features that you may want to take into account:
If there’s a single real estate advice you can get, it’s choosing the right location. A game-changer in the industry, the location should be at the top of your list. A good suburb is located in an area that is surrounded by or close to establishments and facilities that you need for your everyday life.
2. Easy access to transportation system
Whether you have your own car or not, it pays to be close to main roads and public transport links, particularly buses and trains.
3. Schools and centres for child care
Families usually look for areas that are close to good schools and child care establishments.
4. Employment opportunities
A good suburb is near offices and other establishments that offer employment for people in surrounding areas.
5. Recreational facilities and parks
Another feature that makes for a good suburb is the availability of amenities and areas where people can play sports or do their hobbies and interests. These can include basketball courts, jogging and/or cycling paths, etc.
6. Shops and supermarkets
The presence of a range of retail stores and supermarkets significantly adds amenity value to a suburb.
7. Hospitals and medical facilities
We need medical care at certain points in our lives so it is essential to live in an area that is near hospitals, clinics, and other medical facilities.
8. Population demographics
If you have kids, you may want to live in a neighbourhood with families and children as well. In this case, the age and structure of the population add value to a suburb.
It may not be a basic necessity but for others, views matter when it comes to looking for a good suburb.
10. Mix of housing types
An area with numerous rows of identical homes is not that appealing to a lot of people. A good suburb should have a good mix of different types of houses with their own property attributes.
Got other things worth considering about real estate in Australia? Share your real estate tips in the comments section.