Freeway in the backyard for PPOR = bad or not?

Discussion in 'What to buy' started by Val2000, 25th Feb, 2018.

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  1. Ace in the Hole

    Ace in the Hole Well-Known Member

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    It's only bad if it's your property.
     
    Ace in the Hole, 26th Feb, 2018
    #21
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  2. Swoosh30

    Swoosh30 Well-Known Member

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    Noise generally travel upwards.. Big no no.
     
    Swoosh30, 26th Feb, 2018
    #22
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  3. radson

    radson Well-Known Member

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    I thought it radiated in a spherical manner and that any attenuation due to viscosity of air was negligible?
     
    radson, 26th Feb, 2018
    #23
  4. hammer

    hammer Well-Known Member

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    Even without the lead, there are serious health problems tied to living near a freeway.

    Numerous studies etc. Do some research.

    Your health isn't worth sacrificing for a cheaper (and noisier) house.
     
    hammer, 26th Feb, 2018
    #24
  5. TMNT

    TMNT Well-Known Member

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    you lost me at "I" :p:D
     
    TMNT, 26th Feb, 2018
    #25
  6. The Y-man

    The Y-man Moderator Staff Member

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    Out of curiosity, what % does the 200k represent?

    The Y-man
     
    The Y-man, 26th Feb, 2018
    #26
  7. The Y-man

    The Y-man Moderator Staff Member

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    Also would the attenuation be at an inverse square? Due you need to factor in the reflectivity of the enbankment as well as the doppler effect caused by the moving vehicles?

    The Y-man
     
    The Y-man, 26th Feb, 2018
    #27
  8. radson

    radson Well-Known Member

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    All could be factored but noise still doesn't generally travel upwards. Anyone near a flight path could tell you that :)
     
    radson, 26th Feb, 2018
    #28
  9. S.T

    S.T Well-Known Member

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    No good for Feng Shui, I would avoid.
     
    S.T, 26th Feb, 2018
    #29
  10. Kat

    Kat Well-Known Member

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    Main roads are one of my non-negotiable exclusion criteria for housing.

    There is also some evidence that the proximity to the vehicle emissions has a negative impact on health.
     
    Kat, 26th Feb, 2018
    #30
  11. Val2000

    Val2000 Active Member

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    200K is about 15%-20% discounting
     
    Val2000, 26th Feb, 2018
    #31
  12. Joseph Attia

    Joseph Attia Member

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    I actually don't mind the freeway in the back yard if it allows you to gain freeway access on busy mornings. Having said this it is not a desirable trait for most owner occupiers and therefore you may find it difficult to sell at the market rate in the future. But hay, its it gonna be your PPOR for the next 10-20 years and you can bargain on price then go for it.
     
    Joseph Attia, 26th Feb, 2018
    #32
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  13. Medine

    Medine Well-Known Member

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    Hi Val,
    Chiming in that if your looking at a part of the freeway that is often clogged with traffic at a standstill that is when you get the worst pollution. So also a bad idea for your health!
    Cheers, Medine
     
    Medine, 26th Feb, 2018
    #33
  14. The Y-man

    The Y-man Moderator Staff Member

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    Understood.

    To empirically test everyone's theory here, I have recently (settled last year) bought a house backing onto the same freeway (and like you observed it was quite a long way down, and sound was not a major issue).

    So it will be interesting to see when we get to the selling stage somewhere in the future whether there is a massive gap in the CG compared to the surrounds.

    However, I believe the discounting was much greater in my case.

    On a per square meter of land basis, it probably was 30~40% less than land slightly further away from the sound barriers.

    The Y-man
     
    The Y-man, 26th Feb, 2018
    #34
  15. Val2000

    Val2000 Active Member

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    During peak hours everyday , you could mistakenly think tortoise as a speeding bullet next to stationary cars!
     
    Val2000, 26th Feb, 2018
    #35
  16. MikeyBallarat

    MikeyBallarat Well-Known Member

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    Bear in mind, to the other side of the freeway in that location is Essendon Airport.
     
    MikeyBallarat, 26th Feb, 2018
    #36
  17. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    Hi Val

    I would steer clear. Such a property will always be under valued - when / if you come to selling it, other buyers will have the same dilemma.
     
    Property Twins, 26th Feb, 2018
    #37
  18. The Y-man

    The Y-man Moderator Staff Member

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    Hey good then! Can shop at DFO all the time :D (Warning - I have shareholder interests in DFO Essendon!!) :eek:

    The Y-man
     
    The Y-man, 26th Feb, 2018
    #38
  19. Val2000

    Val2000 Active Member

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    It sure is
    And there is a Dan Murphy in DFO precinct , quite possibly the best shop in DFO!
     
    Val2000, 26th Feb, 2018
    #39
  20. Val2000

    Val2000 Active Member

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    From what I can see, some of the suburbs around the freeway e.g Pascoe Vale South , Strathmore, Essendon North , Niddrie etc are quite sought after due to schooling, proximity to city , transport and so forth hence hoping it works out well for you :)

    The 15-20% discounting doesn't look that great now!
     
    Val2000, 26th Feb, 2018
    #40
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