Australian Students Break Real Estate Code On Street Names Houses on streets with weird names generally have less value. Students looked for examples at Butt Street and Fanny Street. Property values on those streets were as much as 20 percent lower.

Australian Students Break Real Estate Code On Street Names

Australian Students Break Real Estate Code On Street Names

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Houses on streets with weird names generally have less value. Students looked for examples at Butt Street and Fanny Street. Property values on those streets were as much as 20 percent lower.

DAVID GREENE, HOST:

Good morning. I'm David Greene with your chance to outsmart real estate agents. You know the theory that they'll give neighborhoods charming names to try and pump up housing prices? Well, some students in Australia figured out their own secret. Houses on streets with weird names generally have less value. They looked, for example, at Butt Street and Fanny Street. Property values were as much as 20 percent lower, although I guess you do pay a price each time you give someone your address. It's MORNING EDITION.

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