Does living near a Costco boost your home value?

Costco can have a big impact on house prices. Picture: Supplied Few brands have the kind of legendary devotion that Costco has cultivated over the past few decades. Shoppers love the bulk deals, the store’s Kirkland Signature products, and the cheap hot dogs — which is why any given Costco carpark is likely to look like a zoo whenever you visit, especially in this economy. A Costco run can be good for your wallet, if you like buying honey by the bucket. But the benefits may go beyond that: According to research from the Vancouver School of Economics, Costco openings can have an impact on nearby property values, especially in already densely populated areas. That’s some great potential upside for homeowners and potential buyers. Just keep in mind that living close to any high-traffic amenity comes with its own trade-offs, such as more cars, more noise, and more foot traffic on the weekends. The below analysis is based on Costco in the US but with the brand expanding its reach across Australia it could be valuable insight into how home prices might be impacted Down Under as well. What Costco means for home values In the abstract, living within a short driving distance of Costco is a ...