Property trends that will shape the next decade
Say goodbye to big houses and big backyards.
Research from residential developer Stockland has revealed the property trends that will shape home ownership over the next decade.
Stockland General Manager Residential Sales Stephanie Vanin said houses in 2030 would look very different to the houses of today.
“The way in which Australians want to live will continue to evolve with many considering that interstate move now more than ever, and an increased demand for features that encourage personal connectivity to communities and improved health and wellbeing,” Ms Vanin said.
The Stockland Future Housing Research Report revealed more than 60% of Australians would forgo a traditional large backyard for a smaller home with less outdoor space if it meant they were more connected to neighbours and close to community parks and green spaces.
“With 24/7 technological connectivity and busy lives, people are increasingly looking for low-maintenance homes located within communities that offer great amenity, social connectivity and physical closeness with their neighbours and wider community,” Ms Vanin said.
“The actual home is still important, however, features that allow for more community living are shifting higher and higher on homeowners’ priority lists.
“That old sense of belonging and knowing your neighbours is more important than ever before.”
Stockland’s 20s property trends
- Homeowners are opting for smaller lots and look for more efficient, well-designed homes that make the most of the space.
- Backyards are becoming smaller but there are more recreation spaces and parks closer to communities.
- Sustainability features are normal and expected in homes rather than an add-on that you pay more for.
- People are willing to look further afield with 36% of those surveyed considering a move interstate.
- Health and wellbeing are key – homeowners are increasingly factoring in the walkability and liveability of their potential neighbourhood e.g. group fitness and dog parks.
- Social connectivity and sustainability are becoming more important with people looking for opportunities to connect with their community (e.g. meetup groups and community gardens).
- Majority still prefer freestanding homes but there is a significant uplift in townhouses.
- Top three factors when choosing a home include affordability, ease of public transport and the quality of the home.
The information in this article has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in the document is general advice and does not take into account any person's particular investment objectives, financial situation or needs. Before acting on anything based on this advice you should consider its appropriateness to you, having regard to your objectives, financial situations and needs.