Urban living index McCrindle slideshare

MEASURING URBAN LIVEABILITY ACROSS SYDNEY Mark McCrindle Developed for Urban Taskforce Australia Thursday 10 December 2015

AUSTRALIA’S POPULATION 24m

SYDNEY: A CENTURY OF GROWTH

SYDNEY’S GROWTH COMPARED: 1.7%

SYDNEY’S GROWTH COMPARED: IN THE LAST 12 MONTHS, SYDNEY HAS GROWN BY 86,000 PEOPLE

SYDNEY’S GROWTH COMPARED: 1.7%TASMANIA GREW BY AROUND 1,400 PEOPLE IN THE LAST 12 MONTHS, SYDNEY HAS GROWN BY 86,000 PEOPLE

SYDNEY’S GROWTH COMPARED: 1.7% SYDNEY IS GROWING BY MORE PEOPLE EVERY 6 DAYS THAN TASMANIA ADDS IN A WHOLE YEAR TASMANIA GREW BY AROUND 1,400 PEOPLE IN THE LAST 12 MONTHS, SYDNEY HAS GROWN BY 86,000 PEOPLE

% OF STATE POPULATION LIVING IN THE CAPITAL CITY 48% Brisbane

% OF STATE POPULATION LIVING IN THE CAPITAL CITY 63% Sydney 48% Brisbane

3/4 1/4 AUSTRALIA

2/3 1/3 SYDNEY

1/3 2/3 NEW APPROVALS

HOUSE PRICES EXCEEDING WAGES GROWTH

METHODOLOGY

METHODOLOGY • Data collected from 228 SA2s (suburbs) across Sydney (SUA) • Analysis of ABS Census data (cat. 2010.0) • Analysis of ABS Business data (cat. 8165.0) • Online survey of 1,020 Sydney-siders: in field from 29th September to 4th October 2015

URBAN LIVING INDEX

INDEX EXPLAINED

COMBINED CATEGORY SCORECARD

CORRELATION Urban Living Index 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95 100 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95 100 Proportion of High Density Dwellings

CORRELATION Urban Living Index Proportion of High Density Dwellings 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95 100 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95 100

PLANNING REGIONS

PLANNING REGIONS CENTRAL 73

PLANNING REGIONS CENTRAL 73 NORTH 65

PLANNING REGIONS CENTRAL 73 NORTH 65 SOUTH 60

PLANNING REGIONS CENTRAL 73 NORTH 65 SOUTH 60 WEST CENTRAL 57

PLANNING REGIONS CENTRAL 73 NORTH 65 SOUTH 60 WEST 49 WEST CENTRAL 57

PLANNING REGIONS CENTRAL 73 NORTH 65 SOUTH 60 WEST 49 WEST CENTRAL 57 SOUTH WEST 48

Region Average Urban Living Index Score Central 73 North 65 South 60 West Central 57 West 49 South West 48

Region Average Urban Living Index Score Average Proportion of High Density Dwellings Central 73 52% North 65 29% South 60 29% West Central 57 15% West 49 5% South West 48 7%

Planning Region Central Surry Hills North Crows Nest - Waverton West Central Parramatta - Rosehill South Hurstville South West Liverpool - Warwick Farm West Springwood - Winmalee

Planning Region Urban Living Index Central Surry Hills 85 North Crows Nest - Waverton 85 West Central Parramatta - Rosehill 80 South Hurstville 76 South West Liverpool - Warwick Farm 66 West Springwood - Winmalee 59

Planning Region Urban Living Index Urban Living Index Rank Central Surry Hills 85 1 North Crows Nest - Waverton 85 1 West Central Parramatta - Rosehill 80 13 South Hurstville 76 31 South West Liverpool - Warwick Farm 66 74 West Springwood - Winmalee 59 108

URBAN LIVING INDEX SCORES

1. CROWS NEST – WAVERTON 85 1. SURRY HILLS 85 5. NORTH SYDNEY – LAVENDAR BAY 82 5. RANDWICK 82 5. CHATSWOOD (EAST) – ARTARMON 82 5. LEICHHARDT – ANNANDALE 82 3. PYRMONT – ULTIMO 83 3. MARRICKVILLE 83 5. POTTS POINT – WOOLLOOMOOLOO 82 URBAN LIVING INDEX SCORES

TOP 10 URBAN LIVING INDEX SUBURBS Suburb (SA2) Index Index Rank Proportion of dwellings that are High Density HD Rank Crows Nest – Waverton 85 1 71% 11 Surry Hills 85 1 70% 14 Pyrmont – Ultimo 83 3 91% 3 Marrickville 83 3 40% 62 Potts Point – Woolloomooloo 82 5 92% 2 North Sydney - Lavender Bay 82 5 78% 5 Randwick 82 5 68% 17 Chatswood (East) – Artarmon 82 5 64% 25 Leichhardt – Annandale 82 5 25% 91 Neutral Bay – Kirribilli 81 10 76% 7

HIGHEST DENSITY SUBURBS High density Rank Suburb (SA2) Proportion of dwellings that are high density Urban Living Index Urban Living Index Rank 1 Sydney - Haymarket - The Rocks 92% 77 26 2 Potts Point - Woolloomooloo 92% 82 5 3 Pyrmont - Ultimo 91% 83 3 4 Parramatta - Rosehill 82% 80 13 5 North Sydney - Lavender Bay 78% 82 5 6 Darlinghurst 76% 80 13 7 Neutral Bay - Kirribilli 76% 81 10

HIGHEST DENSITY SUBURBS Affordability Community Employability Amenity Accessibility Sydney - Haymarket - The Rocks 6 15 16 20 20 Potts Point - Woolloomooloo 9 16 19 18 20 Pyrmont - Ultimo 7 17 20 20 19

INDEX MEASURES Measure Affordability Community Employability Amenity Accessibility Home cost Dynamic community Full-time employment Educational attendance Access to work Rental cost Language diversity Higher education qualification Arts and Recreation Population density Rental population Volunteer work Professionals Restaurants and cafes Walking to work Household income Workforce participation Employing businesses Shopping Transport sustainability

SURVEY RESULTS

SENTIMENT TOWARD HIGH DENSITY HOUSING 69% 66% 56% 47% 40% 30% Central North South West Central South West West Proportion of Sydney-siders who have never lived in a unit / apartment however would consider living in one.

69% 66% 56% 47% 40% 30% Central North South West Central South West West Proportion of Sydney-siders who have never lived in a unit / apartment however would consider living in one. SENTIMENT TOWARD HIGH DENSITY HOUSING

GENERATIONAL SENTIMENT 63% 41% 53% Generation Y Generation X Baby Boomers Q. Of those who have never lived in a unit / apartment: I would consider living in a unit / apartment in the future

HIGH DENSITY HOUSING SENTIMENT 2% 1% 2% 2% 4% 20% 11% 20% 18% 10% 10% 0 1 2 3 4 5 6 7 8 9 10 Q. Thinking about the high density housing in which you live, how likely would you be to recommend this type of housing to other people? 89%

AFFORDABILITY

AFFORDABILITY SENTIMENT 8% 13% 19% 24% 37% I could definitely afford to buy into my area I could probably afford to buy into my area I could possibly afford to buy into my area I would probably be unable to buy into my area I would definitely be unable to buy into my area Q. If you were starting over and had to buy into your area in the current property market, to what extent could you afford to? 61%

4% 7% 39% 26% 25% Much more affordable Somewhat more affordable Same Slightly less affordable Much less affordable Q. Compared to today, based on the costs of living balanced with employment opportunities, how affordable do you think it will be for you and your household to live in your area in three years' time? 51% Generation Y Generation X Baby Boomers % who think it will be less affordable in 3 years 56% 53% 47%

59% 29% 7% 3% 2% Massive challenge Significant challenge Somewhat a challenge Slight challenge Not a challenge at all Q. To what extent do you think Sydney's housing affordability is a challenge for your children and the next generation? 88%

12% 45% 32% 6% 5% Significantly assists affordability Somewhat assists affordability Does not have an impact on affordability Somewhat inhibits affordability Significantly inhibits affordability Q. To what extent does the increase in the number of units and apartments in Sydney create affordability options, when compared to building detached homes only? 57%

COMMUNITY

PRIORITISE COMMUNITY FIRST Q. When looking for a place to call home which of the following matters most to you, •the building and fittings or •the location and community? 62%

CURRENT LIVEABILITY MATTERS MOST 64% Q. In thinking about a possible place to live, which of the following matter more, •the long term property price growth opportunities or •the current liveability of your area?

WALKABLE COMMUNITIES 59% Q. Thinking about where you do most of your shopping and recreational activities, how far is this from where you currently live?

AMENITY

Educational attendance: Proportion of an area currently attending a post-school higher educational institution.

Arts and recreation: Number of arts and recreation organisations and facilities in an area.

Restaurants and cafes: Count of the number of accommodation and food services businesses in an area.

Shopping: Count of the number of retail and trade businesses in an area.

SINGLE CATEGORY SCORECARD

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