Your neighbourhood plays a big role in the quality of your life. It pays to get it right.
Finding the perfect home is one thing, but your neighbourhood also plays a big role in your quality of life. Follow our seven steps to pinpoint the suburb that’s right for you.
Your local community is like an extended family – some aspects you’ll love, some, not so much, but either way, your suburb will be part of the fabric of your life. And unlike your family, you get to choose where you live. It’s a choice worth taking some time over. Take a look at the seven key points to address before you decide your perfect postcode.
1. It fits your needs
It’s tempting to fall for a suburb based on its reputation for, say, its trendy cafes, heritage homes or simply its leafy green streets. However, before you commit to an area, turn your gaze inwards and think about what really matters to you – both today and in the future.
A sprawling family home in the outer suburbs for instance can be a great place to raise kids, but will a lengthy commute to work eat into precious family time? Alternatively, an inner-city apartment may be very convenient but could it leave you hankering for open space away from the hustle and bustle of the inner city?
Chances are you’ll have to make compromises on your choice of suburb, so draw up a list of must-haves followed by nice-but-necessary features to narrow down the choice.
2. Commuting won’t be a problem
Unless you plan to spend long hours in a car or on public transport, one of the main drivers of your choice of suburb should be reasonable proximity to the activities that shape your family’s daily life – be it work, your children’s school or the hobbies you enjoy.
Lengthy commutes aren’t just time-consuming; they can also be expensive. Once you factor in regular fuel bills or fares you could find outer suburban living for example, is more expensive than a near-city location. Do the sums for any location you’re considering.
3. It’s convenient
Your new suburb should fit your daily routine. If you crave an early morning coffee, being able to stroll to a good cafe is a plus. If you have a young family, nearby access to large supermarkets, parks and child care facilities is essential. Fitness buffs will appreciate local gyms, jogging tracks or cycle ways. Whatever you love in life, having nearby access makes your suburb a nicer place to live.
4. The suburb is likely to rise in value
Your home isn’t just a roof over your head - it’s also a major investment. Like any good investment your property’s value should rise over time. Where you choose to live will have a significant impact on your home’s long term capital growth. Price appreciation hinges on a range of factors but, as a general rule, look for locations where neighbouring suburbs are rising in value, ongoing gentrification is underway, and infrastructure improvements are happening or are in the pipeline.
5. There’s a sense of community pride
Clean streets, well-maintained homes with curb appeal, and regular community events like festivals, street fairs and markets, show a strong sense of civic pride. It means an area is cared for and nurtured, and along with helping you feel good about where you live, community pride can also underpin long term price appreciation.
6. It’s safe
The police force website of most states/territories feature online crime maps where you can check crime rates for local government areas. If you’re not sure, chat to a few locals, such as the corner store owner, for an idea of what the suburb is really like to live in and whether particular streets have a reputation for being trouble spots. Take a good look around too – can you see abandoned buildings or vandalism? Opting for a low crime suburb doesn’t just make sense from a personal safety perspective, it can also see you save on the cost of home and contents insurance.
7. You’ve invested time in the area
Nothing beats getting a true feel for an area like spending time treading the footpath. If possible, visit the suburb at different hours for a snapshot of daily life. Do residential streets become a parking lot packed with commuter cars during business hours? Are the locals out and about chatting and socialising? Is overhead aircraft noise intrusive in the evenings? In short, wander around and put yourself in the shoes of a local to see if you feel at home.
Remember, no location is perfect, and your home is very much what you make of it. But if you’re in a suburb you love, the rest should come easier.
Read more from Patrick Nolan:
The 7-point checklist to upgrade your home