Inner suburbs to shine
In this recent post I explored how the average commute time in Sydney hit a record high in 2017, as it did in Brisbane, Adelaide, and Perth.
And these data relate to the period immediately before the great bulk of apartment completions in this record construction cycle, which as any Sydneysider will tell you have had a meaningful impact on typical travel times.
Informed or influenced by earlier experience in London, I must have made this point a hundred times on this blog over the years: this is only going to increase the popularity of inner-ring suburbs, and those locations with both 'walkability' and direct train link access for the City.
The average or mean commute times only tell part of the story due to the compositional shift of more apartments being built close to transport nodes, and the natural tendency for workers to gravitate closer to their place of employment.
But as Sydney's population pumps seemingly at warp speed towards 5½ million the congestion challenges are becoming very real.
Australia's population clock, which estimates the resident population, will blast past 25½ million within a month.
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CoreLogic looks set to report housing price gains of 1½ per cent for Sydney for the month of August 2019, with Melbourne not too far behind, and modest gains for Brisbane.
SQM Research will forecasts 'double digit gains' for Sydney and Melbourne housing over the year ahead.
