Thursday, March 9, 2017

Trees and Property Values



Worldwide research indicates that residential property values are enhanced by at least 5% when the property is located in a well treed street. Some USA research puts the improved value as high as 20% in some cities.
A well-treed section of Drouin

Brisbane and Perth are two Australian cities where recent research supports this finding.

 Real estate agents have recognized the value of a good tree in a front garden at about $5,000 for a suburban property and earlier work had estimated that a tree-lined nature strip added 30% to properties.



Princes Way west
A recent discussion with the principal of a large and well established real estate agency in Drouin confirms these sorts of findings – "Homes in leafy streets realize higher values and are easier to sell".

Wood St
With 'hard' figures now available, I wonder will the day come when the removal of a tree or trees from a street might precipitate legal action by residents for compensation for loss of property value!

2 comments:

  1. I was very surprised to hear how much water a tree will send out into the air on a hot day. Amazing!

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  2. Indeed Diane,
    And along with the carbon they store, the pollutants they absorb, the oxygen they 'exhale', the habitat they provide, etc, trees are indeed good to have around I reckon.
    PW

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