It will probably not come as a great surprise, but more and more Australians are choosing to live by the beach to avoid the hustle and bustle of city life and enjoy a more relaxed lifestyle. Waking up and being able to smell the sea air, hear the waves crashing or perhaps starting your day with a walk on the beach are what dreams are made of!
So, if you’re in the market for a new home, and want to experience beachside living, then finding the right location is crucial to ensure both a balance of your lifestyle wants, and strong long-term capital growth.
For most buyers, your budget dictates which areas you can afford to live in or invest. The best way to determine your budget is to meet with a mortgage broker or lender and obtain a preapproval. Knowing your budget is a must before you begin your property search.
With your budget confirmed, you’re now in a position to choose from a short-listed number of suburbs where you can purchase your desired property. Start doing some research into what is available for sale in your chosen areas, and what your budget can buy you. Having a look at sites such as www.domain.com.au will give you this information, or if you would prefer to speak to someone directly, call the local real estate agents and ask what you can buy in your desired suburb within your price range, and if you can’t buy what you are looking for, ask which suburbs nearby will offer the type of property you want in your budget range.
Infrastructure drives property prices, which is why experienced investors follow infrastructure trends. Look at where the government is upgrading infrastructure, and where large investors are committing to commercial real estate and developments, as it is a sure sign of an up and coming “hot spot”. For example, the duplication of the Southern Expressway, now provides a free-flowing corridor, giving people living in Adelaide’s south improved and quicker access to the city. Also, with the opening of the new store ‘Aldi’ and with work commencing on the site for a ‘Bunnings’ and a new larger ‘Coles’, our region is preparing for more growth.
Areas that offer lifestyle attractions are favoured by buyers and renters when compared with other suburbs that offer fewer amenities. Walking tracks, large parks, beaches and community villages all offer unique points of difference, and of course, our beautiful beaches and coastlines.
Our region remains price competitive, offers value for money and a great lifestyle while still being within an easy commute to the city of Adelaide. More and more Australians appear to be valuing those attributes!