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Tuesday, 6 December 2011

Sounding out a postcode (Post 2 of 2)

Posted to The Age (27/11/2011) on 6/12/2011 at 9:33 PM
Commenting on "Sounding out a postcode"

http://theage.domain.com.au/real-estate-news/sounding-out-a-postcode-20111126-1o0g5.html

People miss opportunities investing in great properties because they become pessimistic and negative experts due to one-time bad experience, or had been advised by ill-informed gurus, such as close relatives.

Many main roads or suburban train lines are flanked by shops or / and dwellings. The residents may find the traffic noise rather disturbing initially, but they soon get used to it, and accepted subliminally as ambience noise - no difference from having a television or radio being turned on. It is important to remember that most busy roads are not busy during off-peak and that is the time property owners along the main roads wind down or sleep.

A lot of people who have lived in busy cities, and enjoyed the hustle-and-bustle day and night, cannot cope with living in the quiet suburbs which lack night time activities. One of the reasons for the increase in number of city apartments is to cater for people who are used to that kind of life-style in their previous places of residence.

There are always more freeways, ring roads, railway lines and major road extensions on the drawing boards. History will repeat itself; properties in the surrounding areas of the new infrastructure will increase in price, and in some cases, by leaps and bounce.

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Posted to The Age (27/11/2011) on 6/12/2011 at 9:33 PM

Superstition is another deterrent for some people buying certain properties. The cost of employing a medium to pacify an angry spirit is probably far less than the overall return in investing a way-below market value property. For Feng Shui believers, many features inside and outside the property can be modified so that buckets load of gold nuggets will be rolled in. For major structural issues, a good architect and structural engineer can help remove obstacles which block the God of Wealth coming into the property to deliver the good fortune.

I firmly believe that it is a myth people live under the power line have half-baked brains. If so, why are there no campaign and lobby to have more funding to train extra brain specialists, or build hospitals to deal with rising brain cancers? If so, should we, as mindful bleeding hearts, set aside funds for future claims by all those working in electricity generation power plants, whether powered by coal or nuclear? The power output are thousands of times more than the transmission lines that carry the electricity to our households.

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Posted to The Age (27/11/2011) on 6/12/2011 at 9:44 PM

Is Sunbury, a suburb near Tullamarine Airport in Melbourne, miles and miles from nowhere? It was, until now. Sunbury was affordable; many people unknown to themselves being wise, with minimum in their pockets, invested in big blocks of land with abundant fresh air. They should be congratulated for making those bold decisions.

More and more people are travelling by plane to far destinations for pleasure now. The time will come when travel by plane to work is a norm. It is not nonsensical if one look at what is happening in Western Australia. In fact, many Southern European workers commute by plane to work in London. I can envision that Tullamarine will be a hub surrounded by more property development.

People living in the flight path are no different from those living on main roads and close to railway lines. For most people, it is a matter of time that noise will become a non-issue.

A point to remember; even the dirtiest and the most stinking house full of cats’ and dogs’ urination smell can attract buyers who previously lived in similar conditions. However, it is true that a clean and well presented property will attract more house hunting visitors, thus increases the chances of having the property sold sooner.

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