House on T-Junction

Hi guys,

I'm considering buying a house that's at the end of a T-road and shown in the attached picture. The location is quiet.

Would this be a deal breaker for you? The location is good and I like everything else about the house.

Thanks a lot!

 

My house is a on a T junction like the one you described.
Doesn't bother me.

Feng Shui wise its apparently not great.... but you can get stuff to counteract it... but i haven't done anything as such.

Do i get headlights shining in? Yes
Does it bother me? No, because I have blinds and at night time the blinds are drawn anyway.

Would i get less money for the house as a result? Maybe, but i don't intend to move anytime soon so i don't really care.

 

Would you invest in a place like that though?

 

Depends what you want to do with it. What's the plan?

 

I'd be more concerned with all those burn outs in the street but in some parts that signifies good yield

 

Long term buy and hold, hopefully 15+ years.

 

The location is pretty quiet. Hopefully that would mean no burnouts?

 

Eh not a big fan then. But I guess its only one of the many factors. I suppose if everything else lined up. No property is perfect.

 

But we can see them, all up and down that street, very deep black....hoon town

 

Bad feng shui.

Which is statistically more of a concern than a drunken idiot going straight when the only real options are left or right.

 

Why is Feng shui such a big concern? Aren't there always plenty of people not following this trend willing to buy?

 

If you are looking for silly Asian buyers to pay top dollar they will probably avoid such a place. That said, for others it probably won't make much difference.

If it ticks every other box and the price is right, then go for it.

 

But those buyers make up a good portion of demand in Sydney and Melbourne.

 

The house is in good condition and the pocket in the suburb is great. The street is quiet. With regards to the price, I think it's fair for the suburb, but not discounted for being at the T-junction.

It's a super hot suburb, so I think by not buying it (due to being on T-junction) I'll probably lose 20k or so.

 

I think that possibly sums up the arguments for and against buying on a junction. You seem to think it's a good buy. Could you realistically expect a discount in the current market? Basically it may be marginally preferable not to be on the junction but another property is likely to bring another compromise.

 

This particular suburb is super hot, increasing each week. So you might be right, maybe discounting would not be realistic just based on the fact it's positioned on the T-junction.

I am very surprised though that so many people think it's a big no-no.

 

Unfortunately you're buying in a hot market and banking on not buying at peak. No one can time this but buying at peak possibly due to fomo you're gambling and have to make compromises due to demand. Different point in the market you'd probably pass on this one and wait for something not directly on the junction. Not trying to scare you but just saying that you're unlikely to get the discount you're after and may even get a value dip whilst holding the property. So if it's a long term hold andyou can manage the repayments with buffer and it meets your criteria then buy it or look at a different market and jump back here if there's a future correction.

 

Hurry up and buy it! It's fine. People live in houses. You're looking to buy a house. It's a match maid in heavan...., or nirvana or afterlife. What ever floats your boat


Based on some people being turned off by the t junga you should look for a discount.
If you get it look to manage the issue of lights coming in.

Curious to know if anyone actually knows first hand of a car driving through a lounge room at a t junction

 

Barely get through an episode of evening news these days without someone driving a car into someone's lounge. Interestingly though I don't think the majority of these happen on T junctions. So that's a positive.

I've never heard of a discount for being on a junction unless possibly a busy one with a crossing or lights etc. Super hot market wont help either where fear of missing out on gains makes people go crazy.