You want to relocate, however you have not idea where to build your house. The decision on where to build your house in Queensland will be based on any number of things.
- Are you a first home buyer?
- Are you wanting to be closer to family?
- Looking for capital growth?
- A sea or tree change?
- Somewhere that can be dual purpose (home and business)?
- Wanting to be close to a capital or major city or quiet outer suburban or country area?
- Small house or sprawling property?
All of these reasons, and probably many more, will determine where the best places are for you to build and they will obviously be different for everyone depending on personal circumstances. Which of course means that what works for one won’t necessarily suit another.
Knowing your motivation and requirements out of your new home and location is the first and probably most important step. Price is obviously going to be a major factor in everyone’s decision too, along with just how they intend using their new home.
First home buyers will often look to newer and fast-growing suburbs where new subdivision developments provide cost-effective opportunities to build. They are often on smaller block sizes with higher density building but can provide a good first foray into the property market and the larger developments will include provision for good infrastructure and amenities.
Basing yourself close to extended family can provide new home owners with emotional and practical support. Older family members may decide to downsize and be closer to their children and grandchildren to help with child care as well as allowing them the close enjoyment of watching them grow while providing security and care if their health deteriorates. Dual living potential may also be a driving factor in choosing where to build, allowing extended family the option of sharing in the expense of the build or even building several stand-alone homes on the property.
Investors and home buyers looking to capitalise on their investment in the shorter term, may need to consider other criteria. Choosing a location purely for investment purposes is a very inexact science and often takes quite a bit of luck. Looking at properties that are close to already booming areas can be an indication of potential future growth. Paying close attention to the local market along with planned developments in the area are things that need to be taken into consideration.
Apartments can be an affordable option for getting your foot on the property ladder and may be a driver for buying in the inner-city areas as they may appreciate faster than those in outer areas. More established areas can provide opportunities for buying older properties with a view to renovation or even demolition and replacement. Trying to keep an eye on how the property market is going can be confusing but researching new urban projects and infrastructure such as schools and hospitals can be invaluable in helping to anticipate areas that may be likely to appreciate in value.
Those looking for a sea-change are obviously limited to the coastline, and this then becomes a decision of where you want to be based. Holiday areas can be expensive and obviously very busy during certain times of the year but may suit some home owners who can see the value of renting out their properties during these times to maximise their return, not to mention the year round enjoyment of somewhere that others pay a premium for. For those wanting more of a tree-change, areas where acreage and rural properties are available will be important. Smaller acreage properties can allow room to spread and space for children and pets while large rural properties may provide an extra income to those wanting to hobby farm or be self-sufficient or go “off-grid”.
Properties offering space and zoning that allows for carrying out a business could be perfect for tradesmen needing space for vehicles, machinery or workshops, while larger holdings could be used for farming purposes.