How Mixed-Use Housing Transforms City Living

As Australia becomes more crowded and bustling, our cities rise to the challenge, expanding and evolving to keep pace with our growing population and ever-changing economy. This constant evolution demands a new approach to property development, one that can adapt to the shifting needs and demands of modern urban life. 

It’s no simple feat, but mixed-use housing developments offer a viable solution and investment opportunity. 

What are mixed-use housing developments? 

Mixed-use housing developments combine residential and commercial property, usually in the form of apartment blocks placed on top of retail space. These developments work best closer to a city or in suburbs with high foot traffic, and in areas that have already been designated as mixed-use zones.  

What makes them successful? 

So, these developments offer a mixed bag of opportunity – but is it worth investing?  

Residents love amenities. Having the option to simply descend the elevator and be met with a range of retail options makes the prospect of living there an attractive one. Living in these developments can also eliminate or greatly reduce the need for a car. 

There is a mutual benefit for residents and retail operators in these developments. Retailers identify residents as potential customers for day-to-day business, resulting in repeat business and a built-in clientele. 

Opportunity for investment 

Mixed-use developments are appealing to investors because they offer the best of both worlds – an opportunity to invest in multiple property types within a single investment. Plus, mixed-use developments look great in a developer's portfolio, which is a big plus in the market! 

The main thing to keep in mind is to research where these developments work best – a great rule of thumb is to stick to areas closer to the city as outer suburbs are slow moving. 

If you're tossing up between a residential or commercial development for your next project, a mixed-use development offers the perfect middle ground! With the ability to combine different property types in a single investment, these developments offer the best of both worlds.