Easy access to rail connections, buses and trams is the overwhelming prioritty for househunters when choosing a property.
A poll carried out by PRDnationwide has revealed that public transport is top of the agenda for house hunters, with more than half of respondents considering public transport as the most important amenity to have nearby when purchasing a home.
The second most important factor, a supermarket, trailed home at just 16%, while 12% felt a café or restaurant was most important to have close by. Only 8% of respondents were most concerned about having a school nearby.
"People are choosing a property based on how it fits into their lifestyle – not just how many bedrooms and bathroom it has,” said Aaron Maskrey, PRD Nationwide's research director.
Increasingly congested roads and rising fuel costs mean public transport was now higher on buyers’ wish lists than ever before, he added.
"A reliable train, bus or ferry terminal nearby can add thousands to the purchase price and create greater competition for the property," he said. "Buyers crave convenience," he said.
What does that mean for investors? Well, choose your property carefully – near public transport and good levels of amenities – and you'll be able to attract more potential tenants. Also, if and when it comes to sell, you're more likely to get a higher price.
Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker
Top Suburbs :
Get help with your investment property
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.
We value your privacy and treat all your information seriously - you can check out