Renovators busy on Spring Hill houses
Spring Hill real estate is going up in value. We don’t mean the prices of homes that are being sold today, but rather the value of the ‘typical’ Spring Hill home. This is one of the interesting things to watch in a suburb like this: many, many homes undergo major renovations but the offical stats on local house prices are only measured on the ones that transact. If it doesn’t sell it doesn’t get counted. So the ‘typical’ Spring Hill house is changing, just below the radar of all those market commentators.
I took this shot down behind Birley Street and these are the sort of renovations that make a huge difference to the value of a home. It’s almost incorrect to call it a renovation – more a re-build. And once home-owners finish these sort of works they tend to stay in that home for a long time. Spring Hill real estate agents despair at the thought – but many home owners are here to stay!