Ever wondered what makes riverside properties so appealing? If you're also thinking about acquiring a waterside home, this article is for you! Read on to find out the appeal of riverside properties and where you can find one in Queensland!
The human race has always had a strong affinity for riverside living. In fact, many of the world's earliest civilisations settled where land meets the water:
● Egyptian civilisation in the Nile river
● Harappan civilisation in the Indus river valley
● Sumerian civilisation in Mesopotamia, surrounded by the Tigris and Euphrates river
● Asian civilisation in the Yangtze river
Many factors made living near a river ideal for our ancestors. For one, the river provides food and irrigation---two things that are important for a civilisation's survival.
Lands near the river are also some of the most fertile in the world. Fertile lands helped develop our ancestors' agricultural skills, which are still relevant today.
Living riverside also helped make civilisations mobile. Being near a river pushed our ancestor to develop means of water transportation--a skill we've built on and advanced in.
Nowadays, living near a river or investing in riverside property still appeals to many Australians. But unlike our ancient ancestors, living by the river isn't out of the need for food.
Living in a home or unit that's riverside has its benefits. Here are the two top benefits of living in a property near the river:
Living near a river means waking up to fresh air. You can enjoy the cool river breeze every time you open your window right at the comfort of your home.
The quiet environment that riverside properties provide also helps you attain peace of mind. The soothing river sounds can help you unwind after a challenging week.
As many of Australia's suburbs are becoming more industrialised, more thought is put into maximising commercial areas and less on green spaces.
Living in a riverside property helps you get an appreciation for nature. Each time you step out of your property, you'll be greeted by the sights and sounds of the outdoors.
RELATED: How To Evaluate A Suburb
While living riverside has pros, keep in mind that it has cons, too.
Flooding is a general concern of every homeowner living near a river. Living close to a body of water also opens homeowners to storm surges.
Maintaining a riverside home is also costlier than other properties. Your property will be in a damp and humid place, so be prepared to address the effects of these elements on your home.
In general, properties located near bodies of water (lake, ocean, river, etc.) are extremely valuable. The reason being when you buy a riverside property, you buy the view that comes with it.
But how close to the river do you have to be before the prices start to go up significantly?
When it comes to pricing riverside properties, here's a general rule: prices skyrocket when the property is poised right at the water's edge. If you still need to drive from your home to reach the water, you'll likely pay the price for a house on dry land.
Queensland is home to some of the most beautiful riverside properties in Australia. If you're on the lookout for a quaint waterside home or unit, make sure to check these areas:
As its name implies, Gold Coast is a coastal city in Queensland, Australia. It enjoys a year-long subtropical climate which attracts many tourists from around the world.
Gold Coast properties are predominantly found waterside, with median house prices at $619,000. Townhouses and units are a fraction cheaper, with prices averaging between $420,000-$460,000, respectively.
Like Gold Coast, Sunshine Coast is another famous coastal city in Queensland. The region receives its fair share of tourists every year who often flock the city's notable beaches.
Waterside Sunshine Coast properties fetch around $650,000. Because of the rising demand and popularity of waterside properties, prices are expected to increase in 2020.
The famous Brisbane river cuts through much of the region, and many property developers have since built homes and units that overlook the river. As a result, many Brisbane suburbs also offer riverside properties at affordable prices.
With that, you now know what makes riverside properties so appealing and where to find the best ones in Queensland. Before putting down a mortgage for your riverside home, weigh the pros and cons first. It's always best to attain property that suits your budget and adds value to your investment portfolio.
Are you looking for riverside properties in Queensland? We can help you find them! Connect with us on Facebook, LinkedIn or Instagram and le's talk about finding the perfect riverside property for you!
UP NEXT: What to Do In Brisbane
A9 Property is a team of property specialists helping first-time homebuyers and property investors on their journey into the real estate market. Our weekly real estate blog touches on industry trends, market shifts, and investment strategy, providing you with valuable insight into your property purchase journey. We are experts who specialise in off the plan properties--a popular investment strategy in Brisbane and Australia. Check out our carefully selected portfolio of off-market properties for sale or contact us for an obligation-free chat to discuss the best strategy to start building your portfolio.