We live in a country with vast expanses of space, yet we cling to the
major coastal cities for dear life and treat the inner-ring suburbs of Sydney,
Melbourne and Brisbane like hallowed turf that we can only hope to be worthy of
Property taps into some of our strongest needs and desires – security,
safety, prestige, status, a sense of success, something to leave behind
for our children.
We all need somewhere to live, or somewhere to operate a business, and as
with any asset, when demand outstrips supply, prices go up – as we’ve clearly
seen over the past few months.
Having said this, there are a number of key factors that will always
play a part in the value of property, in the most buoyant or subdued of
So let’s take a look at why some properties are more valuable than
One of the significant changes to occur in Australian cities over the
past 50 years, which has pushed up inner- and middle-ring suburb property
values is gentrification – the shift in the socioeconomic demographic of a
Areas undergoing gentrification are suburbs where more affluent
residents move in renovating older houses or building new ones pulling up the
value of neighbouring properties.
Like most things in life – supply and demand for a property determine
And in the future, Australia’s population growth, our increasing wealth as a
nation, and our desire to live in a select number of locations in our big
capital cities will underpin the future value of well-located properties.
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Wednesday, 19 May 2021