A great coffee shop helps make inner-city neighbourhoods popular with residents, in a survey published by the ultra-hip web site Mr. Porter, Sydney’s Surry Hills ranks among the world’s best coffee shops. According to Mr. Porter you’ll find the best coffee in Copenhagen, Nashville, Tokyo, Turin, Stockholm, Los Angles and our own Surry Hills.
It’s the kind of headline news that will appeal to city-dwellers keen to get their daily coffee-fix just right. And when it comes to apartment hunting there’s no doubt that for many buyers being close to a great café with world-beating coffee is a plus. Long queues outside certain establishments on a Saturday & Sunday morning are testament to this trend.
Public Transport Gains
The popularity of public transport across Sydney is on an upward trend. Figures from Transport NSW reveal that since 2015 there has been an 11% reduction in the number of inbound vehicles and a 9.4% increase in public transport use for trips into the CBD during the morning peak period.
This increase in public transport use equates to over 3 million additional individual trips into the CBD by public transport. When the CBD and East Light Rail and the Metro North-West are complete this growth is expected to further skyrocket. The trend clearly highlights the value of being close to public transport links. However, this does raise concerns about capacity as anyone travelling by train during peak-hour will attest.
Fast Growing Local Government Areas
According to the 2016 Census, Camden in Sydney’s South West was the fastest growing LGA in NSW with a growth rate of 37.7% since 2011. It was the only LGA in NSW to make the Top 10. Victoria and Western Australia both had 4 locations and Queensland one. Serpentine-Jarrahdale on Perth’s southern outskirts grew by 50% over the 5 years to 27,654 residents. The City of Melbourne with the second highest growth rate of 47,7% add 148,039 residents to its relatively small inner-city area. Wyndham and Whittlesea also both in Victoria each added over 200,000 residents.
Inner City Growth Takes ABS by Surprise.
Prior to the 2016 Census, the ABS in preliminary figures had greatly underestimated the populations of both the cities of Sydney and Melbourne in the pre-Census figures. Sydney by 13,280 or 6.3% and Melbourne by 11,703 or 8.6%. According to the ABS the growth of inner city populations had taken it by surprise. A little difficult to understand given the huge amount of development that has taken place over the last 5-years. In terms of overestimates WA with the end of the mining boom scored 7 out of 10 of the largest drops in population.
Banking on Mum & Dad
The RBA is concerned about parents giving their kids a leg-up into the housing market. Free from any regulation (as it should be) parents are helping their kids into a home with 66% dipping into their own savings and 26% cutting back on their own living expenses to help. They are also using dipping into the equity of the family home, delaying retirement or selling assets. While indirectly allowing the kids to live at home longer is now a well-established demographic trend here as it is in many other countries. Why this should raise alarm bells is not certain and it’s a trend that will only continue. For many baby boomers this is a way to help their family without the morbid idea of an inheritance.
Home Appliances Take the Heat
With the approach of summer would it surprise you that out of the top 20 most popular home appliances a majority are associated with keeping cool! Items like water filters, desk fans, split a/c systems, ceiling fans, air coolers and dehumidifies headline the list. Other very popular home appliances include robotic vacuum cleaners, stainless steel kettles, gas stoves, food processors and rice cookers, although somewhat surprisingly sewing machines only recently made the list in position nineteen.