Being close to where the jobs are is one of the most important

should you make the switch

Love the beach? Chances are you prepared to pay a premium to live beside the seaside and can imagine wanting to live anywhere else. Or if trendy coffee shops and hipster hangouts are more your thing, the idea of not having a cheap canada goose uk great canada goose black friday sale coffee culture (not to mention your favourite barista) on your doorstep may be unfathomable.

The thing is, making the switch to a property in your sister suburb in other words, the suburb which is in the opposite direction but located within the exact same distance from the CBD could save you millions of dollars.

canada goose outlet miami Brighton in Melbourne offers an enviable beach lifestyle and canada goose factory sale is close to the CBD, but houses in the popular Bayside suburb don come cheap. canada goose Picture: Sarah Matray canada goose outlet miami

READ MORE: TWINNING IT: FIND YOUR SISTER SUBURB

canada goose parka outlet With many blue chip suburbs, such as Toorak in Melbourne, Manly in Sydney, and Peppermint Grove in Perth now unattainable to most first homebuyers, Canada Goose Parka simply switching a property search over to the other side of town could save a huge amount of money. canada goose parka outlet

What more, it doesn necessarily have to mean a step down in terms of property quality and uk canada goose outlet lifestyle.

canada goose outlet store toronto Let take Manly in the northeast of Sydney for example. Here, the median price is a cool $3.2m. But head southwest to Manly sister suburb, Banksia, and the median price drops right down to $1.2m. canada goose outlet store toronto

A home in affluent Toorak in Melbourne will set you back $4.65m, on canada goose clearance average. Head in the opposite cheap Canada Goose direction to Toorak sister suburb, Kensington in the northwest, and the median house price falls to a far more palatable $1m.

Mind the gap

canada goose outlet 2015 So in terms of property prices, why is there such disparity between sister suburbs? canada goose outlet 2015

It comes down to three things: human interest, human behaviour canada goose store and economic activity. Being close to where the jobs are is one of the most important parts of the property search for most Canada Goose Outlet people.

canada goose outlet store near me The Property Couch pair (Ben Kingsley, left, and Bryce Holdaway, right) agree that for some, it can be a savvy move. Picture: Supplied canada goose outlet store near me

canada goose outlet toronto Part of it is also historical, says Nerida Consibee, Chief buy canada goose jacket cheap Economist https://www.getcanadagooseoutlet.com at REA Group. of the more expensive suburbs have always been more desirable and therefore the type uk canada goose of housing developed in these places was generally a lot better. Many of the lifestyle factors can also be of a higher quality in premium locations, for example, canada goose uk outlet they may have better schools or easier access to the beach. of the cheaper sister suburbs are changing though, especially as more young people move in, Consibee adds. canada goose outlet canada goose outlet toronto

Ultimately, it all about what you can afford though. If you want to be close to the city, Canada Goose Online there still plenty of great opportunity in many sister suburbs.

canada goose victoria parka outlet It pays to save canada goose victoria parka outlet

canada goose outlet washington dc Just imagine what you could do with the money you could save by moving to a cheaper sister suburb. You could invest the money you save into Canada Goose online paying off more of your home loan. And with interest rates expected to rise this year meaning your mortgage buy canada goose jacket is going to get more expensive having a buffer is a sensible idea. If you rent, you could start saving up for a deposit for a place of your own. canada goose outlet washington dc

canada goose outlet online uk So why not take a look at your twin suburb and see whether a move could be worth your while. You may be pleasantly surprised or simply decide that your current suburb is actually home sweet home. canada goose outlet online uk

canada goose kensington parka uk The Property Couch provides a general opinion based on current market conditions. These opinions should not be treated as investment advice. Always obtain advice based on your individual circumstances canada goose kensington parka uk.

Comments

comments

Powered by Facebook Comments

Esta entrada fue publicada en Sabermetría. Guarda el enlace permanente.

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *