Star home features such as swimming pools, studies, and sheds are highly sought after by Australian homebuyers, not only for their functionality but also for the substantial value they can add to a property. According to experts, these amenities can potentially increase a home’s worth by up to $100,000.
In recent years, pools have been a top priority for Aussie buyers, followed closely by garages, courtyards, and balconies, as indicated by search trends on realestate.com.au. However, economic factors like the rising cost of living have also influenced buyer preferences, with terms such as “mortgagee” entering the list of most searched-for words.
PropTrack economist Anne Flaherty highlighted a growing interest in cost-effective options among buyers, particularly due to multiple interest rate hikes by the Reserve Bank of Australia. The removal of planning permits for “granny flats” has also sparked interest among homeowners looking to accommodate family members or generate rental income.
Outdoor spaces and courtyards have seen a surge in popularity, driven by the lifestyle changes brought about by the Covid-19 pandemic. The demand for properties with these features remains strong, reflecting a shift towards more flexible and functional living spaces.
Buyers advocate Frank Valentic emphasized the appeal of spacious homes with amenities like pools, double garages, and second living areas, catering to families opting for staycations over expensive travel plans. He estimated that a well-designed pool could significantly increase a property’s value by tens of thousands of dollars, if not more.
Valentic further noted the growing importance of studies and home offices in the current work-from-home environment, describing them as invaluable assets for modern homeowners. These spaces have become essential for remote work and are highly valued by buyers seeking a blend of comfort and functionality in their homes.
Renowned designer Alistair Knox’s creations, which often feature studies and other premium amenities, exemplify the attention to detail and quality that buyers appreciate. Properties like the mansion at 16 Rothwell St, Ascot Vale, with its impressive pool, showcase the luxurious yet practical elements that attract discerning buyers.
Real estate experts like Romana Altman highlighted the enduring appeal of high ceilings, ample storage, and well-appointed living areas, which are consistently favored by buyers. The shift towards post-Covid living has also emphasized the importance of dedicated workspaces and adaptable living areas in residential properties.
Properties in coastal areas, such as the house at 10 Wiltshire Blvd, Thornhill Park, with its tiled swimming pool, demonstrate the added allure of waterfront locations. The proximity to beaches and water bodies contributes to the increased value of homes in these sought-after regions.
Homeowners like Lorraine Webster, who transformed her Beaumaris property with a heated lap pool, embody the trend of creating personal sanctuaries within their homes. Features like pools and outdoor spaces not only enhance the living experience but also contribute significantly to the overall value of a property.
As buyer preferences continue to evolve, the emphasis on amenities like pools, studies, and outdoor spaces underscores the importance of creating functional and appealing living environments. These features not only enhance the lifestyle of residents but also serve as key drivers of property value in the competitive real estate market.
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