When a new home owner wants to buy a highland house, they can look no further than the Dow Jones Industrial Average.
The index has more than tripled over the past decade.
But that doesn’t mean highland properties aren’t available.
Here’s what you need to know about the market.
Why should I buy a house in a highlands park?
Highland parks are generally considered to be “safe” and have an “economic” component to them, according to the Australian Property Council.
They tend to be small and walkable, have good amenity levels and provide good value for money.
While some are more expensive than others, the most popular type are “dow Jones” highlands houses.
The price is typically a good $600,000, and typically sells for more than double that.
The median price of a Dow Jones highland property is $1.6 million, and the average price is $2.6m.
The most common reasons buyers want to buy in highlands are affordability and affordability of amenity.
A survey by property agent Dow Jones found that 60 per cent of buyers said they wanted to get a property in a “safe”, “economy-friendly” area, while only 37 per cent said they were looking for a house to buy for a lower price.
These areas also have lower average house prices than some suburbs in Sydney and Melbourne.
How can I sell a house for a high price?
If you’re buying in a park, you can’t sell a home in a suburban community.
If you want to sell your property, you need a council-approved deed of purchase (DOB) in a community where there’s a large number of houses and a strong social and economic infrastructure.
This means you need an approved planning application from the council or development company, which will also need to approve the purchase price.
For example, a council’s property manager or developer can apply to the NSW Councils Planning Commission for a DOB for a proposed house in the High Park community of Stirling, or the City of Sydney Planning Authority for a development application for a Dowie Highland property.
What happens if I don’t have a deed of buy-back?
You need a deed to buy-up your property if you’re planning to sell.
If it’s not done by your property manager, it’s usually done by the local council.
If that doesn