What are the emerging trends in property features for 2024

What are the emerging trends in property features for 2024

Based on the Property search requests, results and current market insights, here are the emerging trends in property features for 2024 in Australia:

Flexible Living Spaces

1. Dual living arrangements: Searches for "dual living" increased by 27% over the past year.
2. Granny flats: Searches grew by 13%, indicating a desire for multi-generational living or potential rental income.
3. Home offices/studies: Ranked high in popularity, reflecting the continued importance of remote work.

Outdoor Features

4. Swimming pools: Remain the top searched feature for houses in most states.
5. Outdoor areas: Highly valued, especially for apartments.

Energy Efficiency and Sustainability

6. Solar panels: Among the most searched features in several states.
7. Energy-efficient homes: Increased interest in brick homes due to better temperature regulation.
8. Smart home technologies: Growing focus on energy optimization and consumption reduction.

Luxury and Premium Features

9. Water views, penthouses, and ocean views: Increasing popularity in the high-end market.
10. Top floor units and penthouses: Saw significant increases in searches in some states.

Accessibility and Future-Proofing

11. Single-level houses: Searches rose by 28% in NSW.
12. Lifts in apartments: Searches increased by 12% nationally, doubling in some areas.

Technology Integration

13. AI-powered solutions: Growing adoption in property valuation, lease abstraction, and property management.
14. PropTech focus on customer management: Emphasis on improving tenant experience.

Climate Resilience

15. Properties with better insurance prospects: Increasing concern about extreme climate events and insurance costs.

Workspace Eco-Friendly Conversion

16. Sustainable office spaces: Growing trend in commercial real estate.

Essential Comforts

17. Air conditioning: Highly sought after, especially in warmer states.
18. Built-in wardrobes and dishwashers: Consistently popular among buyers.
19. Ensuites: A feature many buyers are less willing to compromise on.

These trends reflect a shift towards more spacious, flexible, and sustainable living spaces, with a focus on comfort, energy efficiency, and adaptability to changing lifestyle needs. The increased interest in dual living arrangements and home offices also indicates a response to economic pressures and evolving work patterns.

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    Our service utilises AI search capabilities based on publicly available indexed data for non-commercial purposes and testing phase. The above information is an excerpt from publicly available data and may be subject to errors or changes. RealSearch.com.au makes no representations or warranties regarding the accuracy of this data. Please consult the Agency/Agents directly for the most up-to-date information.