Report: Rise in Home Renovations for Multi-Generational Living Amidst Rising Property Prices

Introduction

Rising property prices in urban areas are making it increasingly difficult for families, particularly younger generations, to purchase independent homes. In response, multi-generational living solutions are becoming more common, with families opting to renovate existing properties or build additional living spaces to accommodate multiple generations under one roof.

  1. Case Example: Lane Cove House

Location: Sydney, Australia

Family: Georgia Booth and Adam Farrow-Palmer

Renovation Approach: Constructed a three-bedroom home atop the parents’ residence

Outcomes:

Preserved existing garden space

Maintained privacy for both households

Enabled the younger generation to remain in the city without purchasing a separate property

  1. Architectural Perspective

Architect Involved: Harry Catterns, SAHA architecture studio

Observations:

Increasing interest in multi-generational living among people in their 30s

Families are leveraging existing property assets to remain in urban areas

Designs often focus on balancing shared spaces with private areas for all generations

  1. Societal Trends

Families are prioritizing affordable urban living while maintaining independence

Multi-generational renovations foster intergenerational support

Reflects a shift towards sustainable and community-oriented housing solutions

  1. Conclusion

As property prices continue to climb, multi-generational living through strategic home renovations provides a viable solution for families. This trend not only addresses housing affordability but also promotes stronger familial connections and more sustainable urban living arrangements.

1 Like

The renovation totally changed the vibe.

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Thank you for the nformation boss