If you are in the market for a home, you're probably already aware that location is one of the most important features of a property.
But how do you find your dream home in the perfect location?
Seek out new construction
New construction projects across the country are aimed at providing first home buyers with the opportunity to purchase property in growing areas. These projects are occurring near big cities that have ample job opportunities. It's worth checking if there are new neighbourhoods being planned or even currently in construction in your ideal location.
Change your expectations
It may be more difficult to find single-family homes in your price range when location is a factor. However, there are condominiums being built in metropolitan areas that have plenty to offer new residents. For example, there is an 88-unit building currently being constructed in North Eveleigh, Sydney. These communities are becoming more common as developers realise that first home buyers have high expectations and limited budgets.
These buildings are particularly attractive for people who are already working in major cities across Australia. The high cost of housing in city centres has pushed many buyers out of the market leaving investors to purchase their second and third properties. Developers and government agencies are brainstorming to find ways to allow the average home buyer affordable housing in these areas.
Don't give up your dreams
If you had previously thought about buying a property on the coast but were worried this would simply cost too much, the good news is that coastal suburbs in Queensland offer affordable housing options in up-and-coming areas.
Buyers who flock to the most popular suburbs will experience sticker shock when they realise that the median home price exceeds $400,000 in these neighbourhoods. However, suburbs like Burnett Heads offer median home prices well below this mark. The average price of a home in the suburb is just $296,174, and homes in these cheaper suburbs still offer buyers the ability to walk just a few blocks to the beach.
By adjusting your expectations slightly, you may have the opportunity to buy the perfect home in the perfect neighbourhood.
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