5KM radius: These nearby amenities should be present when pricing your home

5KM radius: These nearby amenities should be present when pricing your home

5KM radius: These nearby amenities should be present when pricing your home

As per the government mandate, Melbourne residents must stay within a five-kilometre radius of their home and are only allowed to leave their homes for four reasons.

Being stuck within a 5km radius could reveal a lot in terms of how well located your property is.

This could also affect how you are going to price your home up or how it could help you choose where to live next.

Real estate experts have revealed the list of which amenities you need within that 5km  bubble to be living in a great location, and how close you really  need to be to certain amenities.

According to experts, the top must-haves for Melbourne during the pre-COVID-19 era included schools, supermarkets, cafes, shops, sporting facilities, parks where people could run or walk, and access to public transport.

This is still true today, but in the case of public transport, this might change a bit as people are not commuting as much to the city for work.

Nevertheless, you should consider yourself lucky if you could find all these amenities within a 5km radius of your home.

Walking the streets enables you to explore the neighbourhood to get a feel of its character and the types or residents and amenities present in it.

A rise in demand for home offices and good natural light also indicated buyers intended to spend more time at their residences and therefore, in their own neighbourhoods.

After the lockdown, it’s expected that people will be more focused on location whether or not they are looking for their next residence or for pricing their property.

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