Investment tip: Factors That Affect Property Value

I’m always on the hunt for relevant info and I loved this - one of the best articles I’ve seen on this topic for a while. Here are a few paragraphs as a taster...

Even in a completely balanced market where dwelling supplies consistently meet the demand, investors still need to consider the drivers that can affect the growth of their property in the long term, particularly the value of land. How does land value affect your property's worth?

While it could be easy to determine a selling price for a property based on a 'suburb average', or the value of similar dwellings in the same area given the right data, experts advised investors to consider the physical and market-specific factors that could affect the true value of a property.

As these factors are some of the main reasons why property value varies, they can help you identify unique qualities in an asset and ultimately determine which property will provide the best earning potential.

Why land value varies

Determining the land value is one of the ways that can help investors arrive at an accurate calculation of their property's true value.

Here are the most common factors that influence the value of the land and, ultimately, the true value of a property:

1. Desirability of the street

This pertains to the immediate surroundings of the property, as well as the community where the future owner or tenants will belong.

Pretty valuable stuff, I’m sure you’ll agree! Why not check out the whole article here and share your thoughts with me afterwards: call (0414) 593 846 or email me at [email protected]).

Thanks,

Salena