| Factor |
Example |
| Demographic trends |
A road on Sydney's lower North shore went from being a place
for homeless sailors to one of the most expensive residential
precincts in less than five years. |
| Access to amenities |
“We spent over $5 million moving our premises to that
suburb. Being so close to the City, it seemed like a great idea
at the time. It nearly sent us broke. We couldn’t get
staff. There were no banks, shops or a post office and we needed
a bus to run staff to the station so they didn’t get mugged.” |
| Planning regulations |
"You now can't re-develop your property and will have to keep
it as low cost accommodation." |
| Development potential |
"You could add another storey to that flat roof unit block." |
| Neighbours |
"The vacant block of land in front? No risk of view loss"
[except for the 43 storey apartment tower to which that
vacant land eventually became home …] |
| Public infrastructure |
"Values are likely to sky rocket once the ring road is finished." |
| Climate change |
"They have done some modeling. Those beachfront apartments
will be under water in ten years." |
| Sustainability |
"How are we going to get rid of the excess recycled water
if the sewerage system is at capacity?" |
| Site contamination |
"There is a horrible sulphur smell coming into the unit from
the car park" [which the newspapers a year later report
as major contamination from a former gas works at the site.] |
| Wildlife |
"Panoramic bush reserve views" [with a stench of guano
at night because the reserve is a bat colony.] |
| Drainage |
"All houses in that suburb crack because they are built on
clay." |
| Aircraft |
"Values in this suburb have plummeted since they opened the
new runway." |
| Traffic |
"Sleepy hollow with distant water views"
[that turns into a rat run every morning between 6 and 9!] |