Design Trajectory...

The rise of inflation in Australia currently at 7.8%, house prices have risen to all-time highs. With the medium house price currently sitting at $894,000 as of December 2022. This has led to the Australian Dream being out of reach of many young people, particularly in the inner suburbs…

In particular, Richmond. Having a median house price of $1.5 million, has a lot to offer in terms of locality, being home to Melbourne’s Music, pub, sport and a rapidly growing business scene…

With this, our design trajectory will focus on how a build to rent model will cater to the 15-40 demographic, wanting a slice of the action without the massive price tag...

References

•Australia, R.-R. B. o. (2023). “Speech - Inflation and Recent Economic Data.” Retrieved 22/03/2023, from https://www.rba.gov.au/speeches/2023/sp-gov-2023-03-08.html#:~:text=In%20the%20December%20quarter%2C%20the,in%20more%20than%20three%20decades.

•Domain (2023). “Richmond - Surburb Profile “. Retrieved 22/03/2023, from https://www.domain.com.au/suburb-profile/richmond-vic-3121.

•Statistics, A.-A. B. o. (2022). “Total Value of Dwellings.” from https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/total-value-dwellings/dec-quarter-2022.

By Alex Daicos (102977805) & Austin Stanley (102119568)

Above: Initial design trajectory and intent collage (My Contribution)