Did you know that the proximity to water is one of the single strongest influences to a property’s value? This is something to consider if you are looking at investing waterfront land Pelican Waters has to offer. It is no wonder why the most expensive properties are those that are located close to the beach, river or lake. Home buyers and property investors are aggressively seeking after properties located in a waterfront location!
If you are shopping around for a waterfront land for sale, it is important to read up the key influences that impact its value.
Factors that Influence Value of Waterfront Properties
There are several factors that can impact the cost of waterfront land for sale Caloundra has to offer. Below are just some of them:
Houses or properties located near a body of water tend to offer impeccable views. For this reason, buyers value this kind of property. This particular factor is one of those that influence how waterfront properties are being priced in the market – because sellers now that buyers want them!
Despite the fact that the world is made up of 70% water, the land upon which you can build property on is scarce. The law of supply and demand therefore suggests that waterfront properties will come with a steeper price than those who are in a waterfront location.
While the property can offer stunning views, a lot of building restrictions and logistics will be involved in making sure that the land is fit to support the new property to be built over it. From the water system, sewer, electric infrastructure, to the support and foundation for the new building, all of these must be taken into consideration. These factors can also be accounted for during the valuation of the property.
If you are shopping around for waterfront land Pelican Waters, you need to know the current market trends. This will give you a good idea on how much to invest in a property and what the prevailing market prices are.
For houses located near a waterfront location in Pelican Waters, the median price is at around $655,000 (on average for more than 200 home sales). This means that house prices in the area has risen by up to 20% as compared to prices 5 years ago. The annual growth rate for houses prices in Pelican Waters is at 3.7%. With the growing demand for waterfront land Pelican Waters currently has, you can expect for this rate to keep growing as the years go by.
The fact that prices are going to properties in the area also speak to the desirability of this region. Despite the growing prices, more homeowners are still looking to this region to find their ideal home or property. Given that there are many other waterfront communities in QLD, Pelican Waters remain as one of the top communities right now.
Are you ready to invest in a waterview land or property of your own? Visit http://www.pelicanwaters.com/ to see listings or get professional consultation when shopping for properties.