Thinking about your next investment location? The creators of WALKSCORE® say that for high tenancy and low vacancy rates, an important question to ask is “How convenient would it be to live there”? Now they believe they’ve found a way to quantify the answer. WALKSCORE® awards a rating from 0 (you’ll be totally car dependent) to 100 (walker’s paradise) in terms of access to services, amenities, transport etc. This app has taken off in the US where it’s claimed that for every one point increase in the WALKSCORE, property values increase by up to $3000. So, Sydney was rated the most walkable capital city in all of Australia, with a walk score of 63. Our highest ranking suburbs had almost perfect scores – 99 for Haymarket and 98 for the Rocks / city. Rushcutters Bay in the east and Crows Nest in the north both scored 94. My suburb, Curl Curl came in at only 59, though if it had been measured by the number of people constantly walking past in their exercise gear, I’m pretty sure it would have scored higher. The key then could be to find the accessible pockets within each prospective suburb. Check out how your suburb rated http://www.walkscore.com/score/Sydney.
Monday, May 27th, 2013
Tuesday, July 31st, 2012
With the last winter month upon us, we are already looking forward to the spring season. If you are planning on moving your real estate portfolio around (sounds good, doesn’t it), you may also want to dust off your crystal ball.
Wednesday, May 16th, 2012
We open with an amusing piece published by some editor who must have been desperate for copy. The title immediately caught our attention: “How to repair Australia’s property sector”.