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.
Real Search is providing AI-powered solutions for Buyers, Sellers, Investors and Renters in Australia.
RealSearch, powered by Realbot - Real Estate AI an award-winning proptech honored with the Proptech Award 2024 for Sales and Marketing.