National Brokers Network

Real Estate Hunt: Can Location Make a Difference In Prices

The phrase “location, location, location” is commonly used in the real estate world, which refers to the fact that the price of the property is usually tied to its location.


Is where you buy more important than what you buy? Can a location make a difference in the property’s price?

Read on the find out how important location is in your purchasing decision.


The search for the perfect home or any potential property investment requires more time and effort to get your money’s worth. Doing tons of research and planning ahead of time can help you get things done, but there are more things you need to understand.

One of the few things you need to know is how the location can greatly affect the value of the property. It’s not just the number of bedrooms or how well constructed the property is. Location has become a big factor. In fact, there is a big chance that you can find very similar properties with a huge price difference.

Just recently, real estate agents in Melbourne made a quotation of the same house in different locations. The price  difference is over $4.5 million.



Related: Melbourne: Still the Most Liveable City in the World?


News Breakthroughs

In Victoria’s Frankston North, many home buyers would be prepared to pay around $250,000 – $300,000, especially if it is in good condition. Most of these potential buyers can be investors, looking to resell or rent it out.  According to experts, the average selling time for a property like this in the suburb would be around two to three months.


                      The city of Frankston in Victoria                                                                           Image Credit: Businessinfocus



Usually, the median house price in Franskton North can go up to $260,000. It would be a different story if this same house is in Mitcham (20km from the Melbourne CBD).  According to experts, it  can go somewhere between $800,000 to $900,000 and it’s an easy-sell.

The Mitcham house market is more active than Frankston North with 204 houses sold in the year. The median house price is around $700,000.

It’s another different story if the house is on the waterfront in Brighton, Victoria. Agents say it would be an easy sell for $5 million. The Brighton market is very diverse, but the waterfront is where people would really pay you. Brighton’s median house price is around $1,625,000.

Notice the price difference of the property for every location? If you are looking for a home or want to invest, your safe bet is to consult a trusted property manager. Observe the prices carefully and examine on how the prices increase or decrease.

Related: Essential Home Buying Tips


Confidentiality Agreement

In Consideration of the Vendor of the subject business, or any other business introduced to the Proposed Purchaser and their agent National Brokers Network (“the agent”) providing information to the Prospective Purchaser, the Prospective Purchaser agrees:

1. To keep all information provided confidential in respect to the subject business and any other business introduced to the Prospective Purchaser by the Agent.
2. That no information is to be disclosed by the Prospective Purchaser to any third party without consent by the Agent;
3. That it will not use for themselves. Or for others benefit, such information other than to Purchase the subject business or other business introduced by the Agent;
4. That any agreement to purchase the whole or portion of the business shall be exclusively through the Agent;
5. To immediately return to the Agent all such information and other details in written form including any drawings and any copies made of written information, notes, summaries or extracts of any document therefor if any when requested by the Agent;
6. Under no circumstances will the Prospective Purchaser make direct contact with the vendor of the subject business or other introduced business without the prior written consent of the Agent;
7. If the Prospective Purchaser breaches this agreement or buys the business direct from the Vendor, the Prospective purchaser is liable to and indemnifies the Agent for any and all losses the agent may incur including economic loss and loss of income.v

Client Signature (Sign on the box below)