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Why people are moving back to cities as regional rents soar

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“The world of today is much more interactive, and going to be stimulated towards community building, because you’ve seen it in the pandemic times, – people, even when they live in a city, they felt so alone,” Mr Van Berkel said in an interview unrelated to the CBRE survey.

City building layouts were going to be more flexible to accommodate different households structures and needs and single-use buildings – such as office towers – will be in less demand, Mr Van Berkel said.

“It’s going to be more your home than a working place with cafe – a place where you can wash your stuff, where the kids can play,” Mr Van Berkel said.

“The integral quality of city life, or the city within the city building, should be able to afford these amenity qualities.”

Australia’s largest cities are already grappling with how to reshape themselves and find new mixes of activity at a time when occupancy rates of offices – the 20th-century staple of inner city economic activity – as recently as November crawled up to 57 per cent in Melbourne and 59 per cent in Sydney.

Perth led with 80 per cent occupancy, with Adelaide at 74 per cent, Brisbane 67 per cent and Canberra 52 per cent, Property Council of Australia figures show.

Affordable housing

Lobby group Business Sydney is pushing policymakers to increase the inner-city population through the development of more key worker affordable housing. The City of Melbourne is pushing for a near-50 per cent increase in its inner-city…

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