A recent article from realestate.com.au discussed the appeal of the 20-minute neighbourhood concept, and how working from home has made this a reality for many families in Australia.
The 20-minute neighbourhood is about living locally, creating well-designed neighbourhoods and improving the way people live, work and play within 20 minutes from home.
While this isn’t a new term in town planning, the COVID situation has driven more people to work from home and focus more on meeting their everyday needs from their local area.
CFMG Capital’s approach to developing communities aligns well with the 20-minute neighbourhood idea, as proximity to local amenity is the key focus when assessing a site’s suitability for development.
Professor Carl Grodach, director of urban planning and design at Monash University, said the COVID-19 crisis had put the spotlight on the 20-minute neighbour concept with more people working remotely.
‘People are focusing more on their neighbourhood streets and services,’ Prof Grodach said.
‘COVID has shed a light on our existing urban challenges in a way that is unique compared to a year ago.’
Realestate.com.au’s executive manager of economic research Cameron Kusher said the pandemic was highlighting the importance of local amenities and some people might reconsider where they live if they no longer have to work in an office full time post-COVID.
‘I think the COVID aftermath may lead to a complete rethink of how people live and work,’ Mr Kusher said.
‘The suburbs that offer much more local amenity will be increasingly popular in the aftermath of COVID, particularly as remote working becomes more commonplace.’
A key focus for CFMG Capital when selecting development sites is location, population growth, demographics, infrastructure suitability and community development plans. All of these requirements ensure that CFMG Capital communities are located within close proximity to schools, shops, transport and recreational facilities, including parkland.
This approach to creating CFMG Capital communities aligns well with the 20-minute neighbourhood concept, and meets the demand for customers looking to live locally as much as possible.