The real estate industry in Perth is booming. One of the developers in the area is the Aveling Homes. Aveling Homes is a home builder that has received several awards being a dedicated builder. It provides a range of display of homes and lands. The engineers and agents in Aveling Homes work closely with their customers in order to meet their needs and satisfy them.
In Perth, investors are willing to compromise on the location of houses if there is a significant amount of savings from the choice. This is according to a managing director of Realmark, Mr John Percudani. The house and lot expert has a list of suburbs that are adjacent to each other but has significant differences in housing prices.
Typically when housing homes are situated next to upscale markets, there will be a positive effect in the neighboring areas. On top of the list of those that have significant differences is the Peppermint Grove with a price averaging to $3.95 million. This price is three times more than its neighboring housing development which marks at $1.4 million only, the Mosman Park.
On the southern part of the river, the North Coogee stands at $1.3 million which is far more expensive than its neighbors, the Spearwood which is valued at $545,000, Coogee $860,000 and the Hamilton Hill which is valued at $554,000. Rossmoyne which is located at the suburbs border is priced at $1.1 million while its neighboring housing developments, Bull Creek and Willetton are valued at $765,000 and $772,000 respectively.
There was a good reason why there is a big difference between prices in neighboring areas. The managing director also stressed that though other properties were valued at a much lower rate; the properties are of high quality and are situated strategically in the city. The current market conditions suggest that people looking for homes are much concerned with the dollar that goes with the home rather than on the postcodes. Customers are looking for great savings and the trend will just give them a break in finding their new affordable homes.
It is recommended though that buyers should weigh the potential benefits and draw backs of buying high priced housing in suburbs than those in cheaper areas.