How much attention will you be paying to the 'Walkability Index' when these ratings show up in property advertisements?
Evidence shows that properties in 'walkable neighbourhoods' can command a premium over those in lesser ranked suburbs. It's not only Gen Y that are making real estate choices around access to facilities, our Baby Boomers will also be looking for social and leisure options at their doorstep as they enjoy retirement.
So when you are next in the market for a property, perhaps you should consider the 'Walkability rating' when choosing between investment options.
The complete list of those ranked cities and suburbs can be found here: http://www.walkscore.com/rankings/australia
You often hear location is paramount when choosing a great investment property. But what makes a good location? While a lot of factors come into play, easy access to facilities must be near the top of the list. Walkscore.com measures the number of typical consumer destinations within walking distance of a dwelling, with scores ranging from 0 (car dependant) to 100 (most walkable) has recently ranked more than 100 Australian cities and 3,000 suburbs. Here is how our cities ranked: 1. Sydney (Walk Score: 63) 2. Melbourne (Walk Score: 57) 3. Adelaide (Walk Score: 54) 4. Brisbane (Walk Score: 51) 5. Perth (Walk Score: 50) 6. Newcastle (Walk Score: 49) 7. Wollongong (Walk Score: 48) 8. Gold Coast (Walk Score: 48) 9. Central Coast (Walk Score: 41) 10. Canberra (Walk Score: 40) http://www.walkscore.com/rankings/australia