Influx of foreigners driving apartment dwelling growth

By |

More and more apartment dwellers have been recorded in the city, and no small number of them are migrants. Because of this, apartment buildings play an important role in welcoming multiculturalism into Australia, according to recent research by academics from the country's top universities.

Three years ago, Australia hit an all-time high for attached properties – For the first time in history, the number of occupants in attached properties was significantly higher than those in detached houses.

At present, close to one in ten people reside in apartments. For major cities, the proportions are a lot larger.

“Across the Greater Sydney metropolitan area, for example, 30% of residents live in apartments. In some inner-city suburbs, apartments are home to the vast majority of residents, including in Pyrmont, Zetland and Ultimo. Beachside locations such as Surfers Paradise, Queensland, and Glenelg, South Australia, also have high proportions of apartment residents,” Christina Ho of the University of Technology Sydney, and Edgar Liu and Hazel Easthope of the University of New South Wales explained in an article published on The Conversation.

More importantly, the study showed that attached properties are characterized by multiculturalism, as more than half of apartment residents – 56%, compared to 33% of all Australian residents – are migrants. Of the group, the biggest percentage (26% of apartment residents) belongs to migrants born in Asia.

Across the country, only 7% of Australian-born people live in apartments. For those born in northeast Asia (including China), the number is 31%. For those born in southern and central Asia (including India), the total is 26%.

In Greater Sydney, the correlation between housing density and cultural diversity are more evident. The Sydney suburbs, where more than 90% of the people dwell in apartments, also have high rate of overseas-born migrants.

Living conditions
Although cohesion among different nationalities is always the goal, this can be a bit challenging given social and cultural differences. Based on the researchers’ interviews with Sydney-based strata managers, common problems include “shoes left in common areas, or washing hung on balconies, or ‘offensive’ cooking smells wafting beyond kitchen walls.” Tensions also rise due the difference in age and in working schedules.

While locals are a minority in apartments, it is important to note that Australian lifestyles and norms still apply within the vicinity. “Sometimes new arrivals’ lack of English and lack of familiarity with Australian regulations had prevented them from fully participating in their building,” the research stated.

As a solution to the problem, the researchers said that more inclusive practices should be in place. These include translating of documents and meeting discussions, conducting audits and surveys of building residents, and offering a range of opportunities for participation.

 

Related stories:
Rentvesting is the most stressful path for home owners, survey finds
Reforms to end to undisclosed commissions

 

 

Top Suburbs : albion , wiley park , whyalla , bligh park , midland

SHARE

Get help with your investment property



Do you need help finding the right loan for your investment?


When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus an appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here