Arnold
CibbuanoDouble fronted homes
September 25th 2006 00:26
If you are looking for a great investment property one big feature to look for is a double fronted home. Find a double fronted home in an inner city location and you are sitting on a goldmine. Why? To any property developer a double fronted home spells potential in capital letters. There are limitless possibilities that can be done to a double fronted home. Its like a blank canvas to the developer artists.
Land sizes for properties in the inner city are at slim pickings at best. So to have a double fronted property is like owning the stand-out property that every developer wants. Coming across a double fronted property in the inner city suburbs is very difficult and those that are cash up are usually the ones who will muscle out the smaller investors to capitalize on the property. As they are rare gems in the real estate landscape, they also attract the most attention at sale time.
The good news is that the urban sprawl off the large Australian cities is increasing the boarders of what is defined as inner city. Furthermore, newer hub cities are starting to develop. Areas such as Parramatta, east of Sydney is one such example. This was once an area that was thought of as almost rural. Today a city has blossomed in its place and property prices have increased. As the city attracts a larger population, it is foreseeable that local housing close to the CBD will get smaller and that demand for double fronted property will reap financial rewards.
Looking at Australia’s oldest and longest developed city, Sydney, it is clear that the property land size in the inner city suburbs are at a premium. Finding a free standing or double fronted property in suburbs such as Chippendale, Glebe, Balmain, Redfern and Newtown is near impossible. When one does hit the market it will get snapped up quickly no matter what the market climate and the former own is bound to get a great return.
Where I believe there is long term potential for a property investor is to look for double fronted properties in areas that are just beyond the scope of the hot inner city areas. As the city boarders and the definition of ‘city fringe’ expands, these slightly further areas will become the new double fronted developer gemstones. Within Sydney, areas such as St Peters, Enmore and Rozelle look hot to be absorbed by their more trend sister suburbs.
Land sizes for properties in the inner city are at slim pickings at best. So to have a double fronted property is like owning the stand-out property that every developer wants. Coming across a double fronted property in the inner city suburbs is very difficult and those that are cash up are usually the ones who will muscle out the smaller investors to capitalize on the property. As they are rare gems in the real estate landscape, they also attract the most attention at sale time.
The good news is that the urban sprawl off the large Australian cities is increasing the boarders of what is defined as inner city. Furthermore, newer hub cities are starting to develop. Areas such as Parramatta, east of Sydney is one such example. This was once an area that was thought of as almost rural. Today a city has blossomed in its place and property prices have increased. As the city attracts a larger population, it is foreseeable that local housing close to the CBD will get smaller and that demand for double fronted property will reap financial rewards.
Looking at Australia’s oldest and longest developed city, Sydney, it is clear that the property land size in the inner city suburbs are at a premium. Finding a free standing or double fronted property in suburbs such as Chippendale, Glebe, Balmain, Redfern and Newtown is near impossible. When one does hit the market it will get snapped up quickly no matter what the market climate and the former own is bound to get a great return.
Where I believe there is long term potential for a property investor is to look for double fronted properties in areas that are just beyond the scope of the hot inner city areas. As the city boarders and the definition of ‘city fringe’ expands, these slightly further areas will become the new double fronted developer gemstones. Within Sydney, areas such as St Peters, Enmore and Rozelle look hot to be absorbed by their more trend sister suburbs.
| 90 |
| Vote |
subscribe to this blog
Advertise your property for sale/rent for Free on ZRealEstate.
View Properties : NSW | VIC | QLD | SA | WA | ACT | TAS | NT
Advertise your Properties : NSW | VIC | QLD | SA | WA | ACT | TAS | NT
Advertise your Properties : NSW | VIC | QLD | SA | WA | ACT | TAS | NT
