Real estate agents always talk about ‘location, location, location’ and for good reason. The right community could set you up for comfort and happiness (and, if your house rises in value, capital gains) long into the future.

With the concept of a “20-minute neighbourhood” gaining traction in Melbourne, it is easy to understand why the idea of creating more inclusive and vibrant neighbourhoods, focused on living locally, is crucial in sustainable planning for the future. The 20-minute neighbourhood concept gives residents access to amenities to meet their daily needs within a 20-minute return walk from home

Let’s take a look at the steps involved in finding the right land location that will suit your needs now and into the future.

Know what you want out of your new location

Understanding your needs is the first step to meeting them. Before you go location scouting, grab a piece of paper and start jotting down the various things you need out of a future home. These should be as specific as possible, so instead of “convenient” or “future-proof,” think “walking distance to school” or “close drive to freeway access or train station.”

Take your time in coming up with this list as it will form the basis for the next few steps – perhaps even come back to it after a few days to see if anything has changed or you missed any crucial requirements.

Some things to consider include:

  • Do you want to be close to friends or family?
  • Length of your commute to work (but be mindful this could change with new job opportunities)

Heron Park North Estate in Harrisdale is located only 26 minutes from the Perth CBD.

  • Access to existing (or future-planned) public transport links

Arcadia in Officer, Victoria, will benefit from a $15-billion train line upgrade which will see the introduction of two new train stations in Pakenham and Pakenham East.

  • Nearby schools or childcare facilities if you have kids, or are planning to in the future

Families in QLD’s Ripley Valley community will soon be walking their kids to school thanks to a brand new $60 million primary school set to open within the estate for the 2023 school year.

  • Facilities to accommodate your sporting commitments or hobbies – whether existing or in the pipeline for development

True North estate in Victoria features a brand new 10-hectare sporting and leisure precinct complete with soccer pitches, cricket field, skate park, basketball court, flying fox, playground and BBQ facilities.

  • Proximity to retail outlets, dining precincts or essential services such as supermarkets and medical centers should you be left without a car or unable to drive

Myella estate in Wanneroo is located just metres from Drovers Shopping Precinct which includes a medical centre, indoor market and eateries.

  • Availability of providers for utilities such as internet. For example, nbn may not be able in certain areas that are considered more rural
  • The importance of environmentally sustainable developments

Create a list of preferred suburbs

With your list of requirements in your hand, it’s time to brainstorm some suburbs that could meet your needs. The goal here is to start thinking about what areas might be suitable, to aid in deeper researching of your new potential community. So get Google Maps out and start exploring!

Consider growth areas

Growth is one of real estate’s most coveted prizes. If you buy land, build a house and then the value rises over time, you could make some serious potential gains when selling later in life. Now, there’s certainly no guarantee in the real estate world that a home’s value will rise, but there are things you can look out for at this early location-choosing stage that could work in your favour.

Note: Seek advice from a professional financial adviser before making any major decisions. All advice in this article is of a general nature only.

Some factors known to influence land value include:

  • Infrastructure

In many cases, property values rise with an upgrade in infrastructure. Take a look at what developments or upgrades are happening or planned for in the area.

  • Amenities

Access to local amenities is often linked to land prices so research what is available in the area or visit the local council website to view planned future projects.

  • Population

Growth in the area can be seen as a positive sign but it is also important to note the social make-up of the area and other factors such as crime statistics. Use realestate.com.au/neighbourhoods or REIWA Suburb profiles search to find demographic and market data.

Check out our top suburbs to invest in Perth, Melbourne and Brisbane.

Start making a shortlist

At this point you have personal needs, a list of suburbs and an idea of what’s happening in each area. It’s now time to start cutting that list down! But how?

  • Visit each neighbourhood both day and night

Driving through your shortlisted neighbourhoods, both during the day and at night-time, can give you a real sense of what it’s like and how busy it gets at different times of the day. Trust your gut instinct if you are uncertain about the feel or ‘vibe’ of a neighbourhood. Look past the construction if you are visiting a new estate and imagine what it will look and feel like once it’s finished.

  • Look at estate masterplans and perspective images

If you are purchasing in a new estate, masterplans and perspective images will give you a great idea of what the estate will look like and feature once complete.

  • Visit display villages and speak to land sales staff

Display villages are a good place to start and will help you to visualise what your new home could look like in the estate.

  • Find out what’s happening in the community

Neighbourhood events can tell you a lot about the community spirit in an area. Find local community noticeboards, look online at local council websites or visit relevant Facebook Groups to discover what’s happening in the area. If these events suit your needs, you could be on to a winner!

Take the next step

Now that you’ve thought about your needs, explored some potential suburbs and shortlisted suitable options, it’s time to take the next step and start hunting for your dream lot!

At Satterley, we strive to build communities that are friendly, vibrant, close to all of life’s necessities and with plenty of land size options to suit all budgets.  To find your dream piece of land, contact us to see how we can help.

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2021-10-18 Property Tips

How to decide on a location as a land buyer

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