Post to Facebook on 25/6/2018 at 12:09 AM
Commenting on “The most popular suburbs in Melbourne for auction sales at the weekend”
https://www.domain.com.au/news/the-most-popular-suburbs-in-melbourne-for-auction-sales-at-the-weekend-20180618-h11j6h-440449/
Do you really need to live in a particular suburb or is it your friend's influence that you decide to live close by? Do you have any other good reasons for you to follow the Joneses?
I had clients looking for properties close to their church, or club. Some want to live within a school zone. These may sound like reasonable justification; however, if the prices of properties in the preferred suburbs are beyond their budget, they should reassess that selection criteria.
If you are like one of my clients mentioned above, I would have advised you to ask yourself the questions: How often do you go to the church? How often do you meet your mates at the club? Did all the doctors, surgeons, neuro-scientists, barristers, just to name a few well paid professionals, attend Glen Waverley High School or Melbourne University?
Different people have different needs and wants, and often based on factors including tangible ones such as phase of life cycle, employment, etc. and intangible ones such as status and ambition. There is no point to live among all those with big houses but never turn on the heater in cold days because it costs too much to warm the house.
While your friend's and your situation may be similar at some stage, and therefore you believe your compatibility is a good reason to move to the same suburb, do think again. What suits your friend in that suburb may not suit you or your family. You may end up living in misery. Being similar is NOT being identical.
I must emphasise to you, the readers, NOT to get into mortgage stress. Buy a house with your budget. The size of the house is not the key success factor of a happy home. Home is where the heart is!
Thank you for reading!
Commenting on “The most popular suburbs in Melbourne for auction sales at the weekend”
https://www.domain.com.au/news/the-most-popular-suburbs-in-melbourne-for-auction-sales-at-the-weekend-20180618-h11j6h-440449/
Do you really need to live in a particular suburb or is it your friend's influence that you decide to live close by? Do you have any other good reasons for you to follow the Joneses?
I had clients looking for properties close to their church, or club. Some want to live within a school zone. These may sound like reasonable justification; however, if the prices of properties in the preferred suburbs are beyond their budget, they should reassess that selection criteria.
If you are like one of my clients mentioned above, I would have advised you to ask yourself the questions: How often do you go to the church? How often do you meet your mates at the club? Did all the doctors, surgeons, neuro-scientists, barristers, just to name a few well paid professionals, attend Glen Waverley High School or Melbourne University?
Different people have different needs and wants, and often based on factors including tangible ones such as phase of life cycle, employment, etc. and intangible ones such as status and ambition. There is no point to live among all those with big houses but never turn on the heater in cold days because it costs too much to warm the house.
While your friend's and your situation may be similar at some stage, and therefore you believe your compatibility is a good reason to move to the same suburb, do think again. What suits your friend in that suburb may not suit you or your family. You may end up living in misery. Being similar is NOT being identical.
I must emphasise to you, the readers, NOT to get into mortgage stress. Buy a house with your budget. The size of the house is not the key success factor of a happy home. Home is where the heart is!
Thank you for reading!
