There is a lot to think about when choosing your new home. Brick or timber. Backyard space. House size. Number of bathrooms. You get the picture.

But how important is location? Here are 4 things to consider when deciding where you will buy.

House prices

The location of your next home will naturally determine how much you must spend. Inner-city Melbourne and Sydney are ranked in the highest housing bracket.  You’ll tend to get more for your money in suburban and regional areas.

Do your research online, and talk to your local real estate agent about market trends. Factors that may influence price growth in your area include proposed infrastructure developments, supply and demand of houses and units, and expected population growth. While forecasting is never accurate, you can use your research to make calculated decisions.

Once you’ve assessed your budget, and narrowed down your location options accordingly, you’ll have to consider other practical issues about the location of your new home.

School zoning

Planning a family, or you already have growing kids? If so, school zoning may well influence your buying decision.

Each public school has a designated catchment area. You can look up the school catchment zones on your state or territory government website. CoreLogic also provides a service for obtaining information about local schools, like travel distance and catchment zoning.

Once you’ve identified primary and high schools in your local area, determine how far the school is from your prospective home, and transport options.


With an expanding population and residential growth expected in suburban and regional areas, it’s no wonder the 2018 Federal Budget has allocated so much to transport infrastructure.

“This budget includes $24.5 billion in funding for new major transport projects and initiatives that will benefit every state and territory,” stated the Federal Treasurer, Scott Morrison, shortly after the 2018 budget was released.

Investing in transport stimulates the Australian economy and hopefully makes life more convenient for Australians. House prices may also be impacted. For instance, price growth has been strong in Geelong, Victoria and the NSW Illawarra region, partly due to improved transport.

Find out what transport connections are currently available in your chosen location and also check out proposed infrastructure.

It’s also worth calculating driving distance from work, schools and shopping centres. Consider the  impact driving times and sitting in traffic will have on your overall lifestyle.

Physical location

Distance is an important consideration when planning the location of your new home. Other physical factors include climate, aspect and noise.

Climate has a big impact on lifestyle and may also impact your energy costs in cooler climates, naturally, more heating is required. And vice versa in warmer climates. Your lifestyle may also be affected by rainfall. Homes in wetter climates tend to be affected by mould, while drier climates may have water restriction issues.

The aspect of your house is the direction it faces. North-facing houses often enjoy more natural daylight, which may affect your energy costs. Consider too whether your house is located on or near a busy road, a railway, or an airport, as noise and air pollution may also impact your lifestyle.

Once you’ve weighed up the pros and cons of your buying location, book a chat with your Smartline Adviser to find out more about lending.

Share on:

DISCLAIMER: The information contained in this article is correct at the time of publishing and is subject to change. It is intended to be of a general nature only. It has been prepared without taking into account any person’s objectives, financial situation or needs. Before acting on this information, Smartline recommends that you consider whether it is appropriate for your circumstances. Smartline recommends that you seek independent legal, financial, and taxation advice before acting on any information in this article.