Future Victoria 2020

A PwC CityPulse analysis

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New CityPulse insights show new opportunities for Victorians


The COVID-19 pandemic has reshaped the way we live in many ways, and most notably has successfully shifted the way we work. Many businesses and employees alike have made successful transitions to more flexible ways of working with less demand to be located in the office or workplace. This ‘new way of working’ is expected to continue, at least in some part.

We have now sought to understand how this shift, with potentially less dependence on transport and proximity to the CBD, might affect liveability across Victoria’s suburbs.


CityPulse

More affordable suburbs now more liveable



The new CityPulse analysis shows that the liveability scores - that is, how each area performs against each of the three Live, Work, Play metrics - of suburbs in Melbourne’s middle/outer ring have jumped significantly when reduced commute times for white collar workers were taken into account.

While inner-city suburbs continue to be the majority of suburbs with the highest absolute liveability scores, the improved scores for middle/outer ring suburbs now present a more balanced picture of liveability across Melbourne.



Top 20 Most Improved Live Score Suburbs

Western
Southern
Northern
Eastern

But the mix needs to be right: access to great places to ‘play’ are vital


To make a suburb truly liveable, it needs to provide ways for people to connect, explore and recharge - to ‘Play’ - aspects of the locality that make it an appealing place for leisure activities.

Those outer and middle suburbs that had better Play scores before COVID-19 are now seeing seriously strong improvements in their overall liveability ratings. These suburbs, including Doncaster, Carnegie, Eltham and Warrandyte could represent good bang for your buck opportunity for remote workers.


CityPulse

What are the implications for Victorians?


While it is still too early to say with any certainty what the long lasting impacts will be in people’s work habits, some possible implications for Victorians in terms of liveability may include:

  1. Values rise in the traditionally more affordable middle/outer ring suburbs as people crave more space
  2. Conversely, the skyrocketing land values in inner Melbourne’s suburbs may see a pause in growth as Victorians reconsider what they want from their homes;
  3. Infrastructure and transport connectivity to the CBD from middle and outer suburbs may become less of a priority and travel around the suburbs may become more important
  4. Local bus and tram networks may also become increasingly important, with an opportunity for more on-demand public transport options to respond to shorter, local trip needs;
  5. Entertainment and dining investment opportunity in middle/outer suburbs as they become more affluent due to rising home values

The ‘new Victoria’ promises a wealth of opportunities. We must work together – businesses, governments and communities – to convert these opportunities into reality.


Contact us

Peter Konidaris

Peter Konidaris

Partner, Victoria Government, PwC Australia

Tel: +61 (3) 8603 1168

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