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Market Wrap, Residential

Weekly Market Wrap – Purrfect pads for pet lovers

More than 5 million households in Australia have at least one pet, many of which are treated like members of the family, and keenly considered when it comes to choosing the right home.

It’s not just spaciousness and outdoor access that qualify as pet-friendly spaces – there are some important things to consider before purchasing a home for you and your furry friends.

Firstly, check council restrictions on the number of pets you can own in the area. Some local councils require permits if you have more than 2 pets. Additionally, if you’re purchasing an apartment, it pays to double check that the owners corporation allows pets in the building.

As with all property purchases, location is everything. Ensure there’s a vet clinic and local dog park nearby.

Owning a pet doesn’t mean you’ll be restricted to a house with a backyard either. Inner suburbs like Collingwood offer spacious apartments with larger than average terraces and balconies perfect for pets, with a median of around $550,000. Nearby green spaces like Fitzroy Gardens are a great place for pups to run amok.

If an apartment isn’t for you, finding an affordable home in the suburbs with a backyard is also still achievable on a budget. A two-bed home in Fawkner or Albion, both within 20kms of the CBD, will set you back less than $600,000.

Market Wrap, Residential