Buying next to a cemetery

Discussion in 'What to buy' started by Darren, 2nd Jan, 2017.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Darren

    Darren Well-Known Member

    Joined:
    21st Jun, 2016
    Posts:
    132
    Location:
    Sydney
    Found a property that had my interest until i looked across the steet.
    Wondering if it ticked all the boxes would you pull the trigger next door to a cemetery?
     
    MTR and Do Androids Dream like this.
  2. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,784
    Location:
    My World
    depends is it a dead quiet street?
     
    Mobe9, Westie, Sackie and 8 others like this.
  3. petewargent

    petewargent Buyer's Agent

    Joined:
    5th Jul, 2015
    Posts:
    300
    Location:
    Australia
    If it was a good plot
     
    Sackie, Adele, Bran and 5 others like this.
  4. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,034
    Location:
    Vaucluse, Sydney.
    Only if I was dying to get in.
     
    Last edited: 2nd Jan, 2017
  5. Do Androids Dream

    Do Androids Dream Well-Known Member

    Joined:
    6th Jul, 2015
    Posts:
    124
    Location:
    Sydney
    If I were you, Darren, I'd be considering the following questions before taking the final leap:

    1. What's the competition like? e.g., Stiff?
    2. How motivated is the vendor to sell? e.g., Trigger happy?
    3. Potential tenants, e.g. Will you be up to your knees in **** and buried in potential tenancy issues?

    Only after considering these questions carefully, can you finally rest in peace... with your investment decision :D
     
    Last edited: 2nd Jan, 2017
    Pigey, ashish1137, Darren and 2 others like this.
  6. WattleIdo

    WattleIdo midas touch

    Joined:
    18th Jun, 2015
    Posts:
    3,429
    Location:
    Riverina NSW
    As long as you realise that if you live within a 1 km radius, you can't be buried there.
     
    Gockie, Bran, KayTea and 1 other person like this.
  7. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    6,675
    Location:
    Mt Druuiitt
    OK my turn.

    If you ever need landsxaping I'm sure you'll find someone to undertake the job lol.
     
    Serveman likes this.
  8. Angel

    Angel Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    5,813
    Location:
    Paradise, Brisbane
    The Goths and Emos I know are so quiet they could make great tenants. Unless there is an accident with candles.
     
  9. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    8,414
    Location:
    Gold Coast
    I know people like to buy in the inner suburbs but that would be too close to the 'dead centre of town' for me.
     
    Darren likes this.
  10. Phantom

    Phantom Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    2,054
    Location:
    Sydney
    No way. I wouldn't be seen dead there.
     
  11. Darren

    Darren Well-Known Member

    Joined:
    21st Jun, 2016
    Posts:
    132
    Location:
    Sydney
    Its a well persevered area and the neighbours keep to themselves.
    Actually the property looks quite interesting, its going on my look more into list
     
    Last edited: 2nd Jan, 2017
    Do Androids Dream likes this.
  12. Finrod

    Finrod Active Member

    Joined:
    18th Jun, 2015
    Posts:
    43
    Location:
    Sydney
    Is the location priced into the sale price of the property?

    Could be a good deal - saves you coffin up more dough!
     
    Pigey, MJS1034, ashish1137 and 4 others like this.
  13. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,932
    Location:
    Brisbane
    Ok... I'll be the sensible one :).

    I would not want to live beside a cemetery. I would not buy a house opposite or within view of one either. You are asking the question, so you clearly know there are people (maybe yourself?) who wouldn't buy or rent that close to one either.

    You will have a smaller pool of renters, and smaller pool of buyers when it comes time to sell.

    If you buy it at enough of a discount to allow for the fact it "could" sit empty of tenants between leases, and when it comes time to sell you will have many people just not even willing to consider it, and a much smaller pool of potential buyers and also people who want a good discount for its proximity to the cemetery, then it is like buying on a main road, or near an airport. Everything has its correct discount to allow for its downsides.
     
    MTR and TMNT like this.
  14. Darren

    Darren Well-Known Member

    Joined:
    21st Jun, 2016
    Posts:
    132
    Location:
    Sydney
  15. Ed Barton

    Ed Barton Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,229
    Location:
    Brisbane
    I wonder how it ranks in regards to other unmovable undesirable property characteristics (eg power lines, main rd)?

    Is it more, or less desirable than a property next to power lines, on a main road or next to a train line?
     
  16. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,034
    Location:
    Vaucluse, Sydney.
    Personally I'd class all of them as big negatives and not buy near them unless the deal really made sense big time in terms of the numbers. There are just way too many deals out there to be fussed with traffic, cancer and the dead.
     
    wylie and Darren like this.
  17. WattleIdo

    WattleIdo midas touch

    Joined:
    18th Jun, 2015
    Posts:
    3,429
    Location:
    Riverina NSW
    That's not even a big one. Rookwood hasn't kept the well-heeled Koreans and Chinese out of Lidcombe. Once they established it as a good buy, everyone wanted in. But that's in Sydney and the only sacred thing there is property.
    I worked across the road from Rookwood for a while. It was just like having a big weirdo golf course there. People walk dogs, drive through (there's a road through!) and some even eat lunch there. I would seriously consider it knowing that it might turn some off, but not all.
    If stuck for somewhere to rent, I would definitely choose it over a main road or power lines (!) but not over a railway (because I like the sound of trains).
     
    datto, bmc and Darren like this.
  18. KayTea

    KayTea Well-Known Member

    Joined:
    10th Aug, 2015
    Posts:
    1,204
    Location:
    Inside my head
    Please explain?…….
     
  19. Ed Barton

    Ed Barton Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,229
    Location:
    Brisbane
    Personally, I'd be happy to live next to power lines or a cemetery, but not next to a train line or on a main road. It would also not stop me from expecting a discount on purchase or rent for living near one of these negatives. I'd be cautious to buy property next to power lines, not for fear of cancer but the saleability in future.

    This is the first time the negativity of living near a cemetery has come up here. I guess there are far more properties located next to a train line or power lines. I'd rank power lines, train, main road, nuclear plant, tip at the top of most people's undesirables. I'd put next to a cemetery at the end of most people's list. Interested to see how the general consensus of cemetery ranks...
     
    Sackie likes this.
  20. Angel

    Angel Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    5,813
    Location:
    Paradise, Brisbane
    King St is a main road but i think this location (west) has less traffic than on the eastern side of the town centre. Tenants are moving in (apparently) so there is one positive.

    Would you buy it for its future potential? Consider the current rate of TH development in Caboolture.