A recent report from Melbourne-based buyer’s advocate service Secret Agent has highlighted the role vegetation can play on a house’s sale price in their latest report, ‘The Value Of Vegetation: Gardens, Median Strips and Street Trees’.
The report outlines that the price of a property directly correlates with the amount of vegetation on the property. After studying 2,100 properties throughout Melbourne, it was found that those in the midst of dense vegetation sold for approximately $340,000 more than those with none.
In terms of pricing brackets, houses that sold for over $900,000 had fairly dense vegetation compared to those that sold between $400,000 and $700,000, which had little to no vegetation.
With the clear advantage of being aesthetically pleasing, having an abundance of vegetation on your property also contributes to increasing the air quality, decreasing criminal behaviour such as vandalism, and provides further protection for your home from the weather and other factors.
If you’re looking to sell your Carnegie real estate in the near future, this could be a factor to consider when preparing your home for sale. Make your front and backyard vegetation a sales feature of the home, rather than just a background prop.
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Article Source : Click Here Nerida Conisbee – Chief Economist In property markets, price pressure usually flows like water – when buyers can’t afford their preferred suburb, they move to the next-best alternative nearby. This “spillover effect” drives faster price growth in adjacent, cheaper areas as displaced demand seeks similar … Read more