At Cedar Woods, we believe developers carry a responsibility to design neighbourhoods that are connected.
Melbourne’s car dependent suburbs are declining in market interest as homeowners seek out walkable neighbourhoods that boost health and wellbeing. In an age of conscious consumerism and health-awareness, more Melburnians are looking to integrate an active lifestyle with urban living in a manner that’s economically sustainable.
At Cedar Woods, we believe developers carry a responsibility to design neighbourhoods that are connected. The advantages of a thriving community extend to the local economy (with residents being able to easily access nearby businesses) and also reduce greenhouse gas emissions.
Our company’s award winning development Banbury Village in Footscray has been designed to offer a highly accessible lifestyle to residents wishing to commute to work via rail and access a range of amenity on foot. This form of transit saves residents petrol, tolls and time spent in traffic. Located less than seven kilometres from Melbourne’s CBD, Banbury Village is ranked as ‘very walkable’ according to The Walk Score– an international quantitative measure which considers the distance between address and amenities, as well as the ease in which residents can lead a car-light lifestyle.
Buyers have shown they are willing to pay a premium to be close to restaurants, shopping centres and other key amenity. The range of culinary and retail choice within residential areas is a major boost to property values, and also encourages a close-knit community, as people play where they live.
Cedar Woods’ development at Williams Landing in particular responds to this sentiment, with closely situated amenity on offer in the new town centre. The success of Williams Landing can be attributed in part to the area’s new railway station that provides easy access to the CBD. The improved train services not only work to provide direct access to important public spaces, but also reduce traffic congestion on local roads.
Recently launched, Cedar Woods’s Jackson Green development is another example, strategically situated within the existing infrastructure of established south-eastern suburb Clayton South. New train stations and work on the rail lines within Clayton South and St Albans will also benefit Cedar Woods’ Jackson Green and St.A developments, minimising congestion on roads and improving the safety of the areas by the removal of level crossings.
These spaces will play a key part in weaving together an accessible and engaged lifestyle, and in doing so attract buyers looking for a thriving area to call home.