what increases house value

What Increases House Value by $50,000

Facebook Twitter LinkedIn Mail Us

So, what increases house value? Here’s an answer that will not only increase your house value but help the planet too. 

Research shows green infrastructure such as trees and canopy treetops by the street could increase the value of your house by $50,000.  

You may have heard of Sydney’s Inner West Council creating a new policy where residents no longer have to seek its approval to prune or remove trees within three metres of their house or a structure. But not calling a tree removal service yet is good for you from a financial perspective. 

Keeping the greens around your home increases your property value as well as makes your home energy efficient, which apparently could also reduce energy bills by up to $400 a year. There is a direct financial gain however way you look at it.  

Plus, if you’re keen on green, it’s always nice to know that urban trees on streets and yards don’t just provide financial benefits, they also influence critical environmental factors to a healthier planet.  


How Street Trees Affect Land and House Values in Sydney 

So according to the research, a tree is what increases house value. Increasing tree canopies in your house will increase its value, too. Take a look at the picture below. 

what increases house value


The study calculated the tree canopy coverage and compared it with property sales information from RP Data. The analysis shows there is a relationship between the canopy size and the price of the land and property.  

A 10 per cent increase in a canopy can increase the value of a property by $55,000 in Blacktown, $33,152 in Willoughby, and $60,761 in Annandale. 

By optimising green infrastructure around your house, these trees can be a valuable asset. 

There are challenges to maintaining trees. They can damage roads, electrical lines, plumbing and other infrastructure but, a study shows that they can also extend the life of buildings and asphalt pavements.  

what increases house value

Trees make a good backdrop too, for decorating your house in Christmas! 


So if you’re asking what increases house value, hang on to the trees around your house. They’re worth $50,000.  

Need property tax adviceContact a Chan & Naylor accounting specialist here

Aside from tax assistance, have a look at our other accounting and advisory services designed to help you achieve greater financial success.

If you like this post, subscribe to our newsletter and stay in touch with us by liking our main Chan & Naylor Facebook page, as well as our LinkedinInstagram, and Twitter pages.

The Chan & Naylor Group has national offices in South West SydneySydneyPymble and Parramatta in New South Wales, Wheelers Hill, MelbourneMoonee Ponds and Hawthorn in Victoria, Brisbane and Capalaba in Queensland, and East Perth in Western Australia that can assist you with your accounting needsContact us here today.

Leave a Reply

Your email address will not be published. Required fields are marked *

Join our mailing list today!

Keep up to date with our latest news & updates!