Will the push for higher density impact property investors and prices?
If suburban sprawl is a thing of the past and urban density the solution, how will this affect property prices?
Cities are coming to the realisation that endless planned residential communities on city outskirts are costly from a financial and environmental perspective. (Image source: Shutterstock.com)
Australia’s governments are in agreement: the age of suburban sprawl is over.
To cope with a growing population, Australia’s cities need to build up, not spread out.
If this reorientation of urban planning comes to pass it will prove a landmark change. But what effect will it have on property prices?
Let’s take a look at what is being proposed.
The need for urban consolidation
Melbourne and Sydney are headed for populations of 6.1 million by…
