Property Planner’s Fast Fact – Not In My Back Yard (NIMBY) Locations

Are you searching for your next investment purchase?

The NIMBY effect can be powerful and can impact the value of inner suburbs where a lot of people would like to live.

Look for suburbs or towns that have minimal development taking place and where established communities have a strong influence over their council. This includes heritage listing and overlays that make it significantly more challenging to increase supply through development in the preferred pockets and streets and developments may be limited to the main thoroughfares.

The effect of this?  Land value is more likely to increase due to a limited number of new properties being built – in economic terms – this means the supply of houses may not be growing as fast as the demand to live in the area.

Please note: Council and government rules and regulations can change.

By |2019-04-29T16:47:36+10:00April 29th, 2019|

About the Author:

David Johnston
David is the Founder and Managing Director of Property Planning Australia, author of ‘How to Succeed with Property to Create your Ideal Lifestyle’, co-author of ‘Property for Life – Using Property to Plan Your Financial Future’ and a widely-published media commentator. With more than 20 years of experience, David is passionate about educating others to make informed, and ultimately, more lucrative property investment decisions. David established Property Planning Australia in 2004 – with the vision to educate and empower Australians to make successful property, mortgage strategy and money management decisions.  Property Planning Australia’s operations have earned acclaim and national industry awards for its unique fusion of property planning, education, money management, mortgage strategy and risk management. All supported by multi award winning customer service.