All Topics / General Property / Shopping Centre Location – Bonus?

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  • Profile photo of Bangers68Bangers68
    Participant
    @bangers68
    Join Date: 2005
    Post Count: 12
    July 22, 2005 - 6:14 pm

    G’day all!

    Having a large shopping centre proposed approximately 4 houses up the road will, due to proximity:

    A) Depreciate the value of my house?

    B) Increase my asset value?

    C) None of the above?

    “The answer is already “No”……Unless you ask!!

    Profile photo of WylieWylie
    Member
    @wylie
    Join Date: 2004
    Post Count: 346
    July 23, 2005 - 1:38 am

    Without being any sort of expert, my thoughts are that it would devalue your property. Having said that, even if it does not alter the value of your property, I believe it would narrow the field of people prepared to buy your house once the shopping centre is built. I would not buy that close to a large shopping centre, and I am sure I am not alone.

    Regards, Wylie

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