Having worked along the inner bayside suburbs of Melbourne, views have been predominantly what I’ve sold. In short, views do add value to your property. In fact, they add so much value to properties that they can make millions of dollars difference between a beachfront property to a property a block back with no aspect.
From my experience, a water view has always added the strongest amount of value, with city views coming in second. From there, lake views and mountain views are similar and then properties looking over parks. All in all, all views are worth something, depending on the area that you live in, your view value will vary.
If you’re looking to purchase and there’s an opportunity to buy with a view, then I would do everything possible to secure that property. The only thing you must worry about is ensuring the views are there for the long term. If a property’s view may be built out, then be wary about what they’re trying to sell it for. The chance of views being built out are the only dampener on value and when purchasing, your best bargaining tool. If the view isn’t going anywhere, then always feel comfortable with a sound investment.
The following advice is of a general nature and intended as an opinion and broad guide. For all legal, financial or real estate advice you should obtain independent professional advice to do with the specific nature of your circumstances before making any legal, financial or real estate decisions.