{"id":6952,"date":"2016-02-08T01:00:23","date_gmt":"2016-02-07T14:00:23","guid":{"rendered":"http:\/\/realestatetalk.com.au\/?p=6952"},"modified":"2016-02-08T01:00:23","modified_gmt":"2016-02-07T14:00:23","slug":"urban-living-index","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/urban-living-index\/","title":{"rendered":"Urban Living Index – Mark McCrindle"},"content":{"rendered":"

 
\nMark McCrindle<\/strong>\u00a0tells us about the Urban Living Index and what it tells us about the property market of the future. We will tell you how you can get it it as well.
\n <\/p>\n

Transcript:<\/strong><\/h4>\n

Kevin:<\/b>\u00a0 I\u2019d like to introduce you now to Mark McCrindle. Mark is a social researcher, author, futurist, and he is responsible for a website called McCrindle.com.au and also the Urban Living Index, which we\u2019re going to pretty much focus on today.
\nMark, thank you so much for your time.
\nMark<\/b>:\u00a0 You\u2019re welcome, Kevin.
\nKevin:<\/b>\u00a0 Congratulations on that report, too. It centers a lot around the Sydney area, which I guess is where most people when they talk about real estate now are pretty much focused on. But based on what you\u2019ve studied, what are the real estate trends that you saw in 2015, and what\u2019s likely to occur this year?
\nMark<\/b>: \u00a0 Right across our capitals, particularly our eastern seaboard capitals, we\u2019re seeing population growth. It\u2019s quite the year of growth. In fact, next month, Australia will hit 24 million. Next year Sydney will hit 5 million. Queensland is on track to hit 5 million as a state over the next year.
\nWe\u2019re seeing lots of population milestones being hit at the moment, and that\u2019s because we have some pretty significant population growth on at the moment \u2013 not only the natural increase with more than 300,000 babies being born every year and people living longer than ever, but through the cultural diversity that\u2019s building our population, we have population growth.
\nThe sprawl of our cities can\u2019t continue unabated. We\u2019re seeing people now start to opt for a more densified form of living. A lot of the units and apartments are taking off in our capitals and creating a lifestyle with that where people can walk to the needs that they have in their life and have a little bit of a lifestyle that doesn\u2019t just rely on being in the outer suburbs, getting in a car all the time. In fact, now in Australia 46% of all households get by with one car or none. That\u2019s some of the lifestyle changes that we\u2019re seeing, and it\u2019s a bit of a trend for the next few years.
\nKevin:<\/b>\u00a0 Has that escalated a lot in the last few years compared to what we were looking at, say, a decade or even 50 years ago?
\nMark<\/b>:\u00a0 It sure has, and particularly the people choosing that sort of city living. It used to be more for those if you couldn\u2019t afford a house, maybe you would rent or you would get something in the city, a smaller unit. It was often where you had a higher older population in some of those city areas.
\nBut it\u2019s all changed. In the last generation, it\u2019s become a lifestyle pursuit. You have young couples moving into the cities. You have higher net-worth downsizing baby boomers moving into the cities who don\u2019t need that empty nest house anymore.
\nYou have even those starting families or with young children moving into the urbanized areas because it\u2019s got a bit of a caf\u00e9 vibe. They can walk to some of the connections. It\u2019s closer to the workplace. You have childcare offerings there. Sometimes even it\u2019s easy to access the public transport and get to mom and dad\u2019s house, that sort of thing.
\nWhether it be students, whether it be those that are downsizing, or whether it be young families and couples, we\u2019re seeing more demand for the lifestyle and the built amenity that is found in the more densified areas and harder to get in some of the outer suburbs.
\nKevin:<\/b>\u00a0 I mentioned at the introduction there, too, that Mark, you\u2019ve developed the Urban Living Index, and there is a website for that, UrbanLivingIndex.com. Tell me a little bit more about that. How did it evolve?
\nMark<\/b>:\u00a0 We looked at and wanted to measure what is it that defines and creates livability in a city today? What are the key aspects? We looked at five categories. You want accessibility to work and to transport. You need amenity, which is the shopping centers and the art and recreational pursuits, restaurants, and educational facilities. You need employability, so it needs to be accessible to where work is. If an area has a high employment rate, that says something positive about the area.
\nCommunity is important \u2013 what are the people like \u2013 and that can be measured through things like the volunteering rate, workforce participation, even the diversity of the language in the community. Of course, affordability is important, as well.
\nWe took those five broad areas; each has four separate measures, so overall, there are 20 measures that make up the urban living index. We rated every suburb across Sydney \u2013 and we\u2019re going to do the same across Melbourne and Brisbane, as well \u2013 to find out based on this index what are the highest areas of livability.
\nWe found that there\u2019s a strong correlation between those that are more densified and have more of that medium- and high-density housing with a positive urban living index, because they tend to be closer to work and employment and education and shops and cafes and the like, they tend to be somewhat more affordable than a detached home, and certainly from a population perspective, you get more of that diversity, you get people participating in education and the professionals and the like. All of that helps create that urban living index.
\nNow, it\u2019s not to say that the suburbs don\u2019t have livability \u2013 a lot of them have a lot of green space and nice amenity \u2013 but from a built amenity perspective, from a built environment perspective, you\u2019re more likely to get that infrastructure in the built-up areas rather than the middle or outer ring suburbs.
\nKevin:<\/b>\u00a0 The top-ranked suburb, I think \u2013 if I\u2019m reading it correctly on your report here \u2013 came in as Crows Nest <\/b>in Waverton, which is fairly close to the city on the train line, of course, and fairly heavily populated.
\nMark<\/b>:\u00a0 Exactly right. Then you have some of the city areas like Surry Hills <\/b>and inner city areas like Marrickville, Pyrmont, Ultimo, Potts Point, and the like. They ranked very strongly. And now not too many people could afford to buy a detached home in those areas, but from a rental perspective and even buying units, there are a few options there. Certainly, their location does work out pretty well from some of those other measures.
\nThe further out you go, we had some areas that did well in affordability \u2013 that\u2019s why people are moving there \u2013 but perhaps didn\u2019t do as well in some of the employability and the accessability aspects of the measure.
\nThat\u2019s how it played out, and certainly it does show that not only is there good livability in some of the unit and apartment living, but Australians have changed their mind on that and are happy now across those different life stages to consider that as a form of living compared to the Aussie dream, as once defined: the house with the shed in the backyard and the two-car garage and the detached home of old.
\nKevin:<\/b>\u00a0 Just to build on this, I want to get you back in the next couple of weeks, too, Mark, and we\u2019ll talk about some of those lifestyle trends that you\u2019ve seen occur as a result of this report. Thank you so much for your time. I want to tell you the web address is UrbanLivingIndex.com, and if you want to go and have a talk to Mark and his team, their direct website is McCrindle.com.au.
\nMark, thank you so much for your time.
\nMark<\/b>:\u00a0 Thanks, Kevin.<\/p>\n","protected":false},"excerpt":{"rendered":"

  Mark McCrindle\u00a0tells us about the Urban Living Index and what it tells us about the property market of the future. We will tell you how you can get it it as well.   Transcript: Kevin:\u00a0 I\u2019d like to introduce you now to Mark McCrindle….<\/p>\n","protected":false},"author":176692471,"featured_media":6785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,11,13,17,25,27],"tags":[101],"class_list":["post-6952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment","category-sponsored-channels","category-trends-topic","tag-podcast"],"yoast_head":"\nUrban Living Index - Mark McCrindle - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/urban-living-index\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Urban Living Index - Mark McCrindle - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"  Mark McCrindle\u00a0tells us about the Urban Living Index and what it tells us about the property market of the future. We will tell you how you can get it it as well.   Transcript: Kevin:\u00a0 I\u2019d like to introduce you now to Mark McCrindle....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/urban-living-index\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2016-02-07T14:00:23+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/urban-living-index\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/urban-living-index\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"Urban Living Index – Mark McCrindle\",\"datePublished\":\"2016-02-07T14:00:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/urban-living-index\\\/\"},\"wordCount\":1321,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/urban-living-index\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"podcast\"],\"articleSection\":[\"Kevin Turner\",\"Kevin's Update\",\"Latest Stories\",\"Property Investment Topics\",\"Sponsored Channels\",\"Trends\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/urban-living-index\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/urban-living-index\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/urban-living-index\\\/\",\"name\":\"Urban Living Index - Mark McCrindle - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/urban-living-index\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/urban-living-index\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2016-02-07T14:00:23+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/urban-living-index\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/urban-living-index\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/urban-living-index\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/urban-living-index\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Urban Living Index – Mark McCrindle\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. Anywhere, Anytime.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\",\"name\":\"rolanrush\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"caption\":\"rolanrush\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/rolanrush\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Urban Living Index - Mark McCrindle - Realty Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/channels.realty.com.au\/realtytalk\/urban-living-index\/","og_locale":"en_US","og_type":"article","og_title":"Urban Living Index - Mark McCrindle - Realty Talk","og_description":"  Mark McCrindle\u00a0tells us about the Urban Living Index and what it tells us about the property market of the future. We will tell you how you can get it it as well.   Transcript: Kevin:\u00a0 I\u2019d like to introduce you now to Mark McCrindle....","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/urban-living-index\/","og_site_name":"Realty Talk","article_published_time":"2016-02-07T14:00:23+00:00","author":"rolanrush","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rolanrush","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/urban-living-index\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/urban-living-index\/"},"author":{"name":"rolanrush","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"headline":"Urban Living Index – Mark McCrindle","datePublished":"2016-02-07T14:00:23+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/urban-living-index\/"},"wordCount":1321,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/urban-living-index\/#primaryimage"},"thumbnailUrl":"","keywords":["podcast"],"articleSection":["Kevin Turner","Kevin's Update","Latest Stories","Property Investment Topics","Sponsored Channels","Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/urban-living-index\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/urban-living-index\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/urban-living-index\/","name":"Urban Living Index - Mark McCrindle - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/urban-living-index\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/urban-living-index\/#primaryimage"},"thumbnailUrl":"","datePublished":"2016-02-07T14:00:23+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/urban-living-index\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/urban-living-index\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/urban-living-index\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/urban-living-index\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"Urban Living Index – Mark McCrindle"}]},{"@type":"WebSite","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website","url":"https:\/\/channels.realty.com.au\/realtytalk\/","name":"Realty Talk","description":"Your Trusted Voice For Property Investing. Anywhere, Anytime.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d","name":"rolanrush","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","caption":"rolanrush"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/rolanrush\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/6952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/users\/176692471"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=6952"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/6952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/media?parent=6952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=6952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=6952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}