Emerging Trends in Melbourne Townhouse Developments
As housing prices continue to rise, townhouse developments are gaining significant traction across Melbourne. But why are buyers increasingly choosing townhouses over apartments and traditional single-family homes? Several key trends are driving this shift towards townhouse living
1. Size Matters
One of the biggest factors is size. With housing prices climbing, the size of traditional homes is shrinking, leaving buyers paying more for less space. Modern townhouses, however, range from 80 to 400 sqm, offering a variety of sizes to suit different needs and budgets. This flexibility makes townhouses an appealing option for buyers who want more control over the space they are purchasing.
2. Unique Benefits of Townhouses
Townhouse developments also offer distinct advantages in Melbourne’s housing market. Unlike many apartments, townhouses can be built without the need for strata title, reducing ongoing fees. Additionally, the design of townhouses encourages interaction and a sense of community among neighbours. Their smaller footprints allow them to be built closer to business districts and amenities, promoting the use of public transport and reducing reliance on cars.
3. Lifestyle Appeal
As life gets busier, many professional couples and families are prioritising convenience and lifestyle. Townhouses fit into this trend by being low-maintenance properties that require minimal gardening or upkeep, while also providing proximity to shopping, dining, entertainment, and other lifestyle amenities. The increasing demand for walkable neighbourhoods—areas that are pedestrian-friendly and rich in public spaces—further boosts the appeal of townhouse developments.
4. Walk Score: A Key Metric
The “walk score” of a property is becoming increasingly relevant for Melbourne townhouse buyers. This score, which ranges from 1 to 100, measures how easy it is to access essential amenities like schools, shops, parks, and workplaces on foot. A higher walk score not only contributes to a more convenient lifestyle but can also add significant value to a property. In fact, every point above 70 on the walk score scale is estimated to increase property value by $700 to $3,000, with properties in high-walkability areas often commanding $30,000 to $50,000 more.
5. Growth of Townhouse Approvals
Lifestyle factors are playing such a crucial role in Melbourne’s property market that townhouse development approvals in metropolitan areas have increased significantly over the last decade. As more buyers seek homes that accommodate both family life and convenience, the demand for medium-density housing is expected to continue growing.
6. Medium-Density, Family-Friendly Living
Looking ahead, the 2020s are projected to bring more medium-density housing that caters to families. These townhouses will likely include three to four bedrooms and shared communal spaces like gardens and playgrounds.
Building designers are expected to keep pushing innovation, focusing on homes that not only meet family needs but also embrace sustainable, eco-friendly design.
7. Sustainability in Townhouse Developments
Sustainability is another major trend shaping Melbourne’s townhouse market. Buyers and renters alike are increasingly seeking out eco-friendly and energy-efficient homes. In response, developers are incorporating features like solar panels, smart technology, green roofs, sustainable flooring, double glazing, and maximising natural light. These sustainable elements not only reduce energy costs but also appeal to environmentally conscious buyers.
8. The Future of Townhouse Developments
Over the next 10 to 15 years, Melbourne’s property development landscape is expected to continue evolving. As trends in townhouse and multi-unit developments progress, we’ll likely see an even greater focus on sustainability, community-oriented design, and homes that cater to modern family lifestyles.
Contact delcon design and construct today to discuss your townhouse development project in Melbourne. Call at 1800 335266 or email: info@delcon.net.au