Posted February 20, 2018 04:19:01 There’s a new breed of property market that’s all about finding the perfect location, and for those who can’t afford to live in the city, they may be willing to pay a bit more for a smaller property.
While the demand for property in cities is strong, the prices of property in rural areas are also on the rise.
With a population of only 2.7 million people, and a median home value of $1.2 million, rural areas often have more affordable housing options than cities.
For those looking to buy a smaller home, property agents are keen to make their home listings more accessible, with the aim of helping them sell their properties for the lowest possible price.
“The biggest misconception about rural areas is that there are no properties that are as big as a house,” says Robyn McKeon, owner of McKeons Property and Finance.
“There’s lots of smaller houses and lots of apartments, but that doesn’t mean that they aren’t beautiful.”
You need to have the right kind of house.
A house that’s got a yard, you can put a fence and you don’t need to build a roof.
“I don’t know how many people have really seen a house like that.”
Property buyers in rural communities may be less likely to get offers from potential buyers, as they may not be aware of what they are getting into, or the value of their properties.
“They can be a little bit more selective than a city buyer, because if you are really keen, you want to do it right,” says McKeos Property and Finances.
“You can also go for a more rural location if you have a large family, or a family that wants to live there.”
In urban areas, it’s more accessible for people to go for that.
But you still need to be able to afford the property if you want.
“As a result, property prices in rural settings are often lower than urban ones.
But, with an average home value in rural locations of just $1,000, it can be difficult to justify the purchase.
For many people, the idea of paying a bit extra for their property may seem appealing.
But McKeoes Property and FINances is now offering a few more options for buyers looking to save money and move into a smaller house.”
If you’re really keen to get a property, I recommend looking at a property with a lot of yard space and a lot more yard,” says Ms McKeo, “but if you can afford it, then you can just go for it.
“She adds that if you’re not keen on going that route, you should still consider the options listed on the McKeys Property and Financial website.”
It’s a great opportunity to make a bit of money if you decide you’re looking for something a bit different,” she says.”
Just because you’ve seen a property on the website, it doesn’t necessarily mean you’ll go for the property.
“It’s all up to the buyer, and it’s their decision, so just do what you think is best for you.”
In a market where prices have continued to rise for the last decade, it may be difficult for rural buyers to find homes in rural regions, and the McKees Property and finance website offers an opportunity to find a home.
For more information on the sale of a property in Melbourne, visit www.marchfinance.com.au/sales/buyers/redevelopment-market-sales-in-melbourne.aspx