Hi
Looking at buying a house that is near bush about 50-60m.
It's a corner block which faces houses and at the back has also got houses. The side adjacent to road leads to bush (large trees) about 50m gentle slope down. There are houses in front of bush
I would like to seek your opinion on whether people typically expect a discount whilst buying near bush or there are other considerations?
regards
Question is if you were looking at say 2 houses one near bush and one say 1km away from it. Wud you pay more for the one away from bush, near bush or same for both? Trying to gauge how people think about houses near bush. Hope that clarifies
Personally, I'd pay more for a block NEAR the bush, not near other people.
I'm assuming you are afraid of bush fires? Welcome to Australia.
Not really bush fires but being near bush means we are getting further away from facilities like school, shops etc and generally where most of houses in the suburb are located. Am talking like being 1.8km from school vs say 1km from school.
Transport wise it's fine as the same bus goes through.
No brainer then, go for the bush. The kids are getting the bus anyway (even though you should make them walk :) ) but they will enjoy growing up next to the bush far more than enjoy being closer to school!
@bargainbargain: 800m is nothing in the big picture. Still walking distance, and not going to make any difference for a school bus pass (it's not far enough)
Some of my neighbours can be pricks, so it really depends whether people in your area prefer pricks or bush. :P
I see what you did there :)
Discount?
Are you actually serious
The only issue you will have near the bush is a fire risk with your house and contents insurance
however is no one is forcing you to live there, I am not sure what you are trying to achieve
I live on the back of bushland - no discount, but also no back neighbours, which is amazing.
I think most people would pay extra to live next to bushland compared to one block back from it.
Interesting. Thanks for sharing your views
I would definitely pay extra.
The closer to the city, the more value having a bush reserve is.
I'd pay more too
Supply vs Demand?
It all depends on the area. Theres no blanket statement for how much a property will cost no matter where it is.
If anything, you might have to pay more for bush fire levies and protection.
I prefer brazillian
I prefer Brazil.
It's an overrated movie.
Agree.. But why is this coming up now, just when the film enters my consciousness.
So weird.
I'd much rather live adjacent the bush. So I'd pay more for the privilege and believe a lot of other would too. Plenty of people want the benefits of suburbia, but really want to live somewhere that doesn't feel like it - next to bushland. Bushfire hazard is only considered once the parcel of land get over a certain size, like the size of half a dozen blocks or more.
On the balance being near the bush wont get you a discount. There are heaps of different factors in pricing a house, and the biggest one is how much people are willing to pay. If you think it is not so good to be near the bush and will knock $10k off your offer, there may well be someone willing to offer an extra $10k for that benefit. If you both rock up at the same time to buy, do you think you will get that discount?
Thanks for your perspective.
Near bush means bit off from suburbia shops /schools etc but more peaceful n quiet. Noting this is 30km from Sydney CBD in north west so it's pretty quiet anyhow.
My real question is whether there are people who will pay same if not more ie will rationalise that we r away from school n shops but near bush so balances out.
All buyers are different. Some will pay more, some will pay less. It's all about how much it is worth to you.
Wait for the Ebay 20% off sale.
do they do cashrewards?
Price match at OW?
i would pay more to live near a bush than away from one.
I do like OPs thinking. "How can I get it cheaper? There's a tree over there!!!!, Bingo!!!"
Not about getting it cheaper but making sure that not overpaying as it is a private sale so hard to know what other people are thinking
Someone said to me concerns about living near bush. This is in suburb anyhow so fairly quiet.
Most people want to be close to open space and away from other homes. People generally look at proximity to Vish land as a selling point rather than a downside
Close to bush may mean finding fauna and having to get rid of in your lawn every other day… other aspects should be away from transmission line… location on a major (busy) street… proximity to flood zone etc… but I won't expect a discount… these things just give you more bargaining power…
By fauna you mean snakes right? Snakes are a real danger when living near the bush, just find somewhere else to live
/end cunning plan to get house near nice Bushland cheaper
I think you need to pay more for bush area ..
It's probably best to try to find out what that bushland could be turned into in future years? Stay as bush? A highway? Water treatment plant etc?
or there are other considerations?
Speaking as credit advisers who have intermediated countless transactions for properties located near bushland, the following thoughts spring to mind:
1. Bushfire risk. Usually the close to the scrub means the higher the risk (ceteris paribus) and the higher the insurance premium (if insurance is even available for the house to cover bush fires) NB: For most lenders you will need to be able to insure the structure if you want a loan based upon the aggregate of land & structure. Also, if the property is deemed to be at high risk of bushfire damage it may be hard to secure finance for regardless of whether it is uninsurable.
2. Flood risk/drainage issues. Sometimes properties right next to bushland are higher flood risk and more adversely affected by issues to do with drainage (vis a vis the block doesn't get flooded but water inundates the land and causing dampness issues in the house/basement).
3. Pest infestation risk. Depending on the part of Australia we are talking about, properties directly opposite bush are considered to be at higher risk for infestations.
Hope this helps.
Thanks Naritas. I did check with insurance and apparently the basic cover includes cover for fire and I specifically asked that this is bush zoned and she said "Yup" - may be because property is in sydney
Discount to what? Other houses? How do you allow for other factors, unless the houses are all identical except for the proximity to the bush?