Foreword
Which is more suitable for investment, a large residence in the suburbs and an economic small apartment in the neighboring urban area? Since the annual rate of return is different, no clear answer can be given. Wanjia talked about the difference between the two in terms of past experience and how to look at the apartment to make a choice that suits you.
Realestate.com.au/invest’s median house price data shows short-term (one-year) earnings in suburbs such as South Yarra (18%) and Prahran (13.2%) and Officer (15.1%) and Tarneit (13.0%) in inner Melbourne optimal. The situation in Adelaide is similar. The suburbs with the highest investment returns include inner cities such as Linden Park (7.0%) and St Peters (6.8%) and suburbs such as Seaford Meadows (6.1%).
For those investors who pursue long-term capital appreciation, the prospects for the development of suburban large-scale residences and urban small-scale residences are better. However, you must make a budget before buying a house. When faced with the choice of location or area, for the slightly experienced buyers, naturally understand the importance of location. And whether the house is for self-occupation or rent, buying a house in a good location at the right price is simply profitable. With the development of the surrounding economic culture and road transportation, the price of houses will naturally increase, but how to choose the lot depends on the projects under construction and planning in the surrounding area.
The order of buying a house budget
First, we must refer to different regional pricing. The price of houses is naturally different in different locations. The higher the land price in the more developed areas, the lower the conversely. If you plan to buy a commercial house, you can refer to the land price level in different areas and choose a house in a certain area according to your financial strength.
The second is to consider the housing area. Because the price of each square meter of the house is not low, every square meter must be carefully calculated, and the suitable area of the house should be selected according to the number of the family population, the function of the house, and the financial strength. After the location of the house to be purchased is determined, the area, type, floor, etc. of the house to be purchased must be compared.
Then there is the reservation for the cost of living. After everyone buys a house, the buyer must start to bear all the expenses of the house, such as repairs, water and electricity heating, elevators, security and other expenses. If these expenses are not considered enough, they will face various embarrassments after buying the house. These expenses are hundreds of yuan or even thousands of yuan per month, and the charging standards vary from place to place, so be sure to understand before buying a house.
Is the suburb better?
Wan Jia said the answer is yes, provided that the area of the property is large enough and redevelopment is allowed. Wanjia said that it is beneficial to buy plots that are allowed to be built separately, because multiple units or townhouses can be built, but under the same conditions, if the purchased property only allows the construction of one house, then The closer to the central business district, the better.
For residential in the inner city, Wanjia also listed some factors that caused the housing prices in the inner city to rise, such as living facilities such as cafes and parks, but more importantly, it was easy to reach work locations.
Like cities such as London and New York, there is also a situation of “gathering in urban areas” in Australian cities. On the one hand, the reason is that traffic congestion in cities such as Melbourne is increasing, and more and more buyers in Melbourne want to walk to work or reach the central business district. In large cities, the high walking index is a highlight, and this is particularly evident in Brisbane and Adelaide, but to varying degrees. On the other hand is the rise of the knowledge economy, which is mainly concentrated near the central business district and universities – also where the employees want to live. “
Is the rental income in the inner city lower?
Capital appreciation has resulted in the income of residential houses in the inner city being much lower than that of most suburban properties. Wanjia reminded investors to look at it as a whole.
In downtown Melbourne and near universities, there is high demand for tenants and diverse groups, so rental properties are generally only vacant for a day or two, while in Doncaster (east suburb of Melbourne) will be vacant for three to four weeks. The cost of interior renovations required for residences in the inner city is relatively low, and the costs required for renovations will affect the income of investors.
Will high prices change demand?
Some analysts predict that as the demand for affordable and larger-sized properties grows, the demand for suburban properties will be higher and the room for capital appreciation will be greater.
Although this theory seems reasonable, the price of suburban real estate is unlikely to catch up with that of the inner city. Overseas people, wealthy local buyers and knowledge workers all flocked to the city center.
For an urban area such as Melbourne Central with an emerging central business district, Wanjia believes that buyers with better economic strength may favor the central urban area, which has convenient transportation and an emerging business center. “Footscray (Melbourne’s inner west district) is a good example. More and more office buildings and perfect transportation facilities keep property prices rising.”
The rationality of the apartment type is particularly important
What is the rationality of the unit? Wanjia believes that it should be measured by:
Whether the area of opening windows is sufficient;
Whether the traffic flow is reasonable;
Whether the functional partition is reasonable;
Whether the detail layout is exquisite;
This is the most critical step in the success or failure of a house design. The first sense is important for buyers to see the house. Either enter the door to see a very spacious hall, you can directly see the outdoor scenery, which is a very comfortable sensory enjoyment; and then walk into the living room, visit each room to see the outdoor landscape, can give people such a It feels easy to buy and sell houses. It is not easy to do this, especially some houses in the corner position of the real estate development, or the corner position in the L-type development. Therefore, the corner position of the L-type development is usually the position of the elevator or staircase.
In a developed corner position, the house type is usually more general. Whether it is an inner corner or an outer corner, there will be sacrifices in the house type. In theory, this type of apartment will have a relatively long corridor to enter the house. If developers are unwilling to sacrifice floor area ratio and put long corridors in the residential area, then these types of apartments will usually be ugly, so the future sales difficulty will also increase. Take two rooms as an example, reasonable traffic flow lines generally come There are two ways to say it: the first is that the entrance is in the middle of the house, the kitchen, dining room, and living room are in the middle, and the rooms are on both sides. The master bedroom and the second bedroom are separated on both sides, and the parents and children will not interfere with each other. In the second, the entrance is on the side of the house, the kitchen, dining room, and living room are on the side, and the room is on the other side of the house; in this way, there is only one corridor connecting all the rooms and the bathroom. The advantage of this is that the dynamic and static areas are separated.
Reasonable functional partition
This is inseparable from the reasonable traffic flow, and more problems will appear in the two-bedroom plus study room or three-bedroom, or the large apartment type such as the retest unit. Large-sized apartment, there will be more functional rooms, then simple traffic flow will be difficult to meet the requirements. In this kind of house, the entrance should be placed as close as possible to the middle of the house. Dynamic and static segmentation is the main direction of consideration; in addition, one set of bedrooms (usually) should be separated from other bedrooms as much as possible to avoid mutual interference.
The large apartment also needs to consider the public event space, and the restaurant usually requires relatively high requirements. Ordinary two-bedroom living rooms require at least 4 meters in width, while large units of 4 meters in width are sometimes not enough. Encounter a small living room, usually need a large balcony to remedy.
Reasonable distribution of details
This has to mention Chinese Feng Shui. The following points need attention:
At the entrance door, it is best to see a relatively wide space as soon as you enter the door, rather than a long empty corridor, even if the long corridor is best, there are some cabinets, etc., to avoid too much wasted space;
Avoid the fire and water hedge, the stove head should not face the bathroom, and the stove head should not face the sink;
Do not open the door to see the toilet. The toilet should be placed as far as possible from the door, for example: behind the door or in the opposite direction of the door;
The kitchen should not be in the middle of the room, and it is called heartburn in Feng Shui; nor should it be facing the stove as soon as the door is opened;
Try not to open the door directly to the door of the room;
The bathroom should not be facing the head of the bed, generally it will be better at the foot of the bed;
Don’t open the door directly at the end of the bed, you need to stagger a bit;
The location of the TV socket should be placed in a reasonable position, generally directly on the wall at the end of the bed;
