Median strip not median prices

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FORGET median prices, a median strip in front of Melbourne properties could add tens of thousands of dollars to the value of a home. 

• Study has found a grassy outlook in the middle of your street added an average of between $33,100, in Flemington, and $1.2 million, in Parkville.... but of course like everything in life, research has found that median strip could detract an average of between $12,500, in North Melbourne, and $749,800, in East Melbourne.

• The research also showed that having trees in a street also enhanced property prices.

• Further research by the group found that a front garden may also be a solid way to ensure added value for your home, compared to those without.  Just two inner-suburbs showed a negative impact from a front garden: Cremorne, down by $23,000, and West Melbourne, $91,000 behind houses with a front garden.
  The rest enjoyed price premiums ranging from $11,200 in Collingwood and $980,200 in East Melbourne.
  On average there was a $230,000 benefit for properties that sold with a front garden.

Nature strips can add substantial value to a home.

Mr Osborne said the research had quantified a well-documented link between a green outlook and value, but noted the research could also benefit buyers looking at the cheaper end of the market.

``Without the vegetation it might make houses more affordable,''
``(Then) you can try to lobby your council to try to put more greenery in the street.
``It might help get the neighbours on side if you say it could add value to our street.''