Our population is growing, and the next decade is going to play an important role in how our world is shaped. That includes the cities we live in and the properties we spend our time. This year, these are the property drivers we expect for our capital cities.
Health and Wellbeing
Think green. There’s a growing focus on health, wellness, climate, and the environment. That’s what you’re going to see in planning decisions in Australia’s capital cities.
Living in a compact community, access to public transport and environmental factors mean that fewer young Australians are getting a license. Of course, where public transport isn’t present, there are on-demand services like scooters, electric bikes, and rideshare opportunities. This also means pedestrian-friendly residential areas are more important.
Bike paths, pedestrian areas, and separating them from roads is growing in importance. The topic of car-free CBDs won’t disappear, and creating separate areas for different transport is likely to be the compromise for planners, councils, and developers.
Over half a million apartments have been built in Australia in the last 20 years. That looks set to change in the coming year. Townhouses are the cool kid now. They tend to be larger, are just as affordable, and often offer street frontage, as well as a garden or courtyard.
Smaller homes are set to become more popular. It isn’t just the elderly who are looking to downsize, younger people are looking to control their costs by having smaller homes in centralised locations.
This score measures how easy it is to walk from a residence to local amenities such as parks, schools, work, and shops. 70 is considered an excellent score and suggests that the residents would not need a car. Australia's cities have a lot of work to do, with Sydney scoring the highest at 63 and the lowest being Canberra at just 40.