STREET ART SELLS

HOW STREET ART CAN INCREASE PROPERTY SALES

by Domain Property Agents, August  20, 2017 

An increasing number of buyers are choosing to swap out sterile walls for creative flair, choosing to live in hot inner city suburbs where art is always on display.

Once considered eyesores or acts of vandalism, expressions of public art - such as murals and graffiti walls -  are popping up across the Inner West. Creating eye-catching displays and dotting unusual pops of colour in our streetscapes.

Director of property valuers WBP Group, Greville Pabst, said street art increases the cultural capital in an area and generally makes people feel good about where they live.

“It improves suburbs from a cultural perspective and drives traffic to individual properties. In that way, it’s an attribute of the property — and attributes add value.”

The trend isn’t limited to Sydney though, with buyers in the UK keen to get their hands on buildings where famous graffiti art, such as those by Banksy,  is displayed to developers in the US incorporating art into their designs, commissioning famous artists such as Daze and Rubin 415 to complete works.

If you’re looking for street art closer to home, you can join one of the many tours now on offer or go on your own self-guided tour.

This route is taken from sydneyexpert.com 

• Stop 1 – Mays Lane St Peters
• Step 2 – Darley Street/Darley Lane- Welcome to Newtown
• Stop 3- Peace Reserve – Fintan Magee Mural
• Stop 4 – Enmore Road
• Stop 5 – Enmore Road and Station Street
• Stop 6- Phillip St and Phillip Lane, Thurnby Lane and Gladstone Street Enmore
• Stop 7 – Young Henry’s
• Stop 8 – Newtown Art Seat and Guardian Dog
• Stop 9 – King Street – I had a dream
• Stop 10 – Camperdown Park and St Stephens Church