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CoreLogic studies relationship between greenspace and housing prices



For Earth Day 2021, CoreLogic has conducted a new study into Sydney’s housing market and greenspace, finding a ‘positive but weak’ relationship between greenspace and housing prices. 

The study reviews overseas literature on the known value greenspace provides to improve mental and physical health and wellbeing. It then investigates if these positive physiological effects translate to a price premium for residential property in proximity to public, or with the presence of private, greenspace in Sydney as it does in certain overseas markets.

CoreLogic Research Director, Tim Lawless, says “Previous research, much of it international, has highlighted the health benefits of living close to greenspace, be it private or public, as…

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