Column

09-11-2023

THE SIGNIFICANCE OF LANDSCAPING IN AUSTRALIAN REAL ESTATE

In the vast expanse of the Australian property market, the concept of indoor-outdoor living holds immense value. For Australians, the allure of a well-designed outdoor space is as important as the interior of a home. However, beautiful and functional landscaping isn’t just a matter of aesthetic preference; it significantly impacts property value. Recent research conducted by the Husqvarna Group sheds light on just how crucial a well-presented garden can be in the real estate equation.

According to Husqvarna’s study, investing time and resources in gardening can yield substantial returns, with an estimated payback of 3.6 times the investment for Australian properties. This research emphasises the potential of a thoughtfully-landscaped garden, which Husqvarna claims can increase up to 16% a home’s overall value.
A comparison between houses featuring well-maintained gardens and those with plain exteriors revealed a remarkable 26% difference in perceived market value. It’s a testament to the impact landscaping has on first impressions and, consequently, property prices.
The study also highlighted key garden features that significantly enhance property value. Leading the pack is the humble lawn, which can add 0.2% of value to a property for every percentage of ground it covers. This means a property with a lawn covering 50% of the lot could see a 10% increase in its overall value. Following closely are outdoor social spaces, turning gardens into extensions of living spaces, thereby maximising a property’s potential.
Privacy, too, emerged as a crucial factor. Trees and hedges, providing a natural sense of seclusion, were found to enhance a property’s value by 3.5 to 4.5%. These elements not only add aesthetic appeal but also fulfil the need for security and privacy, influencing a potential buyer’s decision.
Incorporating such features into your garden isn’t just about financial gain: it’s a strategic investment. To ensure your efforts yield the desired results, it’s essential to strike a balance. While adding value to your property is important, moderation is key. Extravagant features, while visually appealing, could make your property too specific, potentially limiting its appeal in the market. Your lawn full of gnomes, and the reproduction Trevi Fountain may be a bit too much for some investors.
In conclusion, as Australians, our reverence for the outdoors translates into the property market. Understanding the impact of landscaping on property value offers valuable insights for homeowners and potential buyers alike. The garden isn’t just an extension of your home: it’s an investment in your property’s future. So, whether you’re a homeowner considering renovations or a buyer evaluating options, recognising the significance of a well-designed outdoor space could be the key to unlocking the full potential of your property investment.
Visit Clark+Granger at www.cplusg.com.au or phone 0456 111 120 to find out more.