People prefer a good neighbourhood

A location in a good neighbourhood is the most prized feature among home owners in a Aussie Home Loans questionnaire.

About 70 per cent of respondents chose a good neighbourhood as the top requirement of a property.

Perhaps surprisingly, a garage (63.7%) was narrowly considered more important than a kitchen (63.4).

About half of the people said they wanted large bedrooms, air conditioning, and an up to date bathroom.

About 11 per cent of respondents wanted a pool, and about 4 per cent wanted a home cinema.

The worst things about homes were cigarette smells, dirty interiors, noisy neighbours and busy streets.

Herron Todd White Perth managing director Brendon Ptolomey said real estate was still about ‘location, location, location’.

He said modern kitchens, bathrooms, car parking spaces, outdoor dining areas and extra bedrooms were the best ways to add value to a property. Valuers would rank garages as less important things such as kitchens.

REIWA president David Airey said storage was underrated, while pools often did not increase value beyond half the cost of the pool.


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