Supporting solution:

The Property Price Predictor

A tool to quantify the long-term property value proposition of a ‘green leafy street’, even when the trees are still saplings.

 
 
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Sourcing partners and funding

WHAT IS IT?

Tour participants confirmed what we long-suspected was true – Australians are obsessed with real estate and property prices, and we all love the idea of living on a leafy green street. The Property Price Predictor would be a tool that can be used to predict the positive influence on the value of a property (house, building, shop, lease e.t.c.) based on the density (and quality of maintenance) of the plants, trees and green infrastructure that surround it. 

HOW DOES IT WORK?

We work collaboratively with key stakeholders in the property marketing industry to bring together data such as real estate sales, prices and trends, and then draw correlations between this data and the existing data on streetscape urban tree canopy coverage. This information is presented in a way that assists councils, developers and sales agents to connect with the broader consumer trends that indicate that rather than a liability, streetscapes with well-maintained plants and trees can be seen as assets and one of the drivers of property value. Thereby changing council and developers’ perceptions, investment and marketing decisions.

WHY IT’S USEFUL

  • Provides real business-case incentive for developers and councils to invest in plants, trees and green infrastructure surrounding commercial and residential spaces in the urban context in order to influence an increase in property value for their residents.
  • Gives people entering the real estate market an indication of where they could invest based on the value of a ‘green leafy street’ and surrounds: existing or planned by councils and developers.
  • Invites and encourages individual property owners and investors to join the council and developer’s greenscape commitments by investing in greening their own residential property. With information on what their ‘potential’ payback might be. Thereby further adding to the value of the streetscape and the property.

REFERENCE PROJECTS

The LJ Hooker Liveability Real Estate, Liveability Real Estate Framework– the 17Things™, Secret Agent Report into Parklands & Property Value, Green Building Council Star Rating

BACKED BY TOUR CONTRIBUTORS:

Emily Rigby, Cedar Hills, QLD. Jenni Garden, Seed Consulting, QLD. Grant Dalwood, Landscapes SA, SA. Pierre Quesnel, UDLA, WA. Alex Ward, DEWNR, SA. Brigid Adams, DEPI, VIC. Darcy Hodgkinson, JBA, WA. Cassandra Brown, City of Gold Coast, QLD. Esther Ngang, NGIWA/LIWA, WA. Joanne Smith, PLA, WA. Greg Priest, JBA, QLD. Clint Betts, STA Organisation, WA. Josh Byrne, JBA, WA. Steve MacDonald, RLOSAC, QLD. Matt Lang, DPTI, SA. Nano Langenheim, University of Melbourne, VIC. Clive Warren, UQ, QLD. Valerie Bares, UBIA, QLD. Natasha Davis, Sustainable Focus Strategy and Facilitation, SA. Leanne Gillies, Flemings Nurseries, VIC. Susan Lengyel, City of Melbourne, VIC. Merlyn Kuchel, GI Project, Botanic Gardens SA, SA. Jon Strachan, City of Fremantle, WA. Michael Smit, Rainwater Harvesting, QLD. David Weisz, HIA, WA. Esther Ngang, NGIA, WA. Jen Guice, Penrith Council, NSW. Mike Philippou, Adelaide City Council, SA. Rachel Pemberton, City of Fremantle, WA. Domenic Pangallo, Adelaide City Council, SA. Kim Markwell, E2Design, QLD. Marina Grassecker, Harvest Seeds and Native Plants, NSW. May Carter, Playscape, NSW. Sally Hamilton, Willoughby City Council, NSW. Katherine Rekaris, Katherine Rekaris Landscape, VIC. Suzie Turner, Pracsys, WA. Odile Pouliquen-Young, Curtin University, WA. Louise Orr, SEQ Catchments, QLD. Clint Betts, STA Organisation, QLD. Sharon Kennedy, SA Water, SA. Andy Chambers, Seed Consulting, SA. Jana Sunderland, CUSP, WA.