1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar




Property News

Q & A January 2012

January 02, 2012

Question: Is there any truth to the idea that buying the worst house in the best street is a good investment?


Answer: In the current real estate environment where more and more buyers are looking to play it safe, buying the ‘worst house in the best street’ is a great approach.


If there’s an opportunity to acquire a property that you believe you can add value to, and it is located in the surrounds of homes of a higher value, then you may want to consider moving forward immediately. You can be even more confident of your investment if the property offers a generous land component and lies within 10km of the city as these properties are always in demand from both buyers and investors.


There are many excellent buying opportunities at the moment that successful investors are taking advantage off even though they may not totally meet the ‘worst house in the best street’ criteria.

Always get a building inspection and speak to a builder and any tradesman you plan to use to ensure you know what your upgrades will cost so you can budget these into your offer.


Finally, research online and talk to your local area experts about what’s on offer in your price range at the moment. Many sellers are looking to settle as early in the New Year as possible so it is a very good time to buy property.

Latest Articles

Gen Y finds buying solutions

Making that leap from renting to home ownership is never easy, but new research by LJ Hooker shows ...
read more

Get ready for spring

Are you planning a change this spring? It's only just around the corner, so it's time to ...
read more

So how will lenders view me now?

Rising property prices and pressure from banking industry regulators are making most major lenders ...
read more

Kids and pets under the same roof

According to the Australian Companion Animal Council, more than 63 per cent of households have a ...
read more

How can depreciations fund your improvements?

Something that is often overlooked when a landlord spends money updating their property is the ...
read more

LJ Hooker named best network for third year running

LJ Hooker, Australia’s number one real estate network, has reaffirmed its position in the ...
read more