Inner city living is becoming more popular
The developments across Australian cities are showing a trend for more Australians wanting to live in apartments in inner city locations.
Statistics for new building development projects indicate that people in Melbourne, Brisbane, Adelaide and Perth are more desirous of seeking residential accommodation in convenient central and inner city suburbs.
In Sydney, however, the vast bulk of Sydney’s pipeline of new apartments are in middle and outer reaches of the metropolitan area.
In all cities there is a strong correlation between investment in new public transport infrastructure and other community assets, including recreation, education and health, and the high density apartment buildings.
In Melbourne, the city itself leads the pack of the top 20 suburbs across metropolitan Melbourne with the largest development pipeline of 20,035. Southbank, which is home to the largest skyscrapers, and proposals, is second with 16,015 and adjoining South Melbourne third with 6573.
Other inner city suburbs such as Footscray, Docklands, West Melbourne, Richmond and South Yarra are prominent, while Box Hill and Doncaster are the top suburbs outside the inner ring.
These statistics demonstrate the need for councils and state governments to adopt suitable planning and infrastructure policies to serve the changing population patterns and trends.