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

Property News

A nice lawn dramatically increases Australian property value

February 15, 2012

When Australians consider buying residential property, there are many factors that come in to play. Budget, location and size are all very important concerns to the average buyer.

Most real-estate hunters also have a list of "must-have" and "nice-to-have" features they aim to negotiate when shopping for an ideal place to live.

Features that could be considered "extras" like swimming pools, hot tubs and three-car garages often drive up the cost of a house, but what about a yard?    

Recent findings from the national survey of residential real estate agents indicate how important a lawn is to potential buyers - and how much they are willing to pay for it.

Having a nice lawn to go with your property adds an average of $75,668 to the value of your home in Australia, varying state by state. Victoria puts the highest worth into having a nice lawn, adding 19 per cent to a home.

80 per cent of those surveyed stated that they would prefer a lawn that was at least 30 per cent of their total property size.

The desires ranged from having a safe playing area for children (73 per cent) to having a nice look and feel for the property (one-third of respondents).

Related Articles

Are units the future homes of Australia?

The current low interest rates have fueled Australia's hot property market, particularly in ...
read more

How affordable are Australian homes?

When it comes to buying a house, affordability is one of the most important aspects for any buyer. ...
read more

Residential growth refusing to slow

New details in residential housing growth mean the economy's strength will continue in the ...
read more

Latest Articles

How is Australian investment faring?

Looking at the investment property market, it appears that the industry is thriving. The Australian ...
read more

Council calls for property reform

Buying a property comes with a wide range of fees and taxes, depending on where you buy and the ...
read more

Home values just keep on rising

Despite an alleged peak in home building having passed and a cooling in growth, there is still a ...
read more