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2TheUrbanTaskforceaskedPhDcandidateMichaelManKinLamtoundertakeresearchintotherelaonshipbetweenthedensityofvariousapartmentprecinctsinSydneyandtherecentsalespricesofindividualapartments.MichaelulisedtherecentlyreleasedAustralianBureauofStascsABSsquarekilometregridacrossAustraliatodeterminewhichareasofmetropolitanSydneyhadthegreatestdensies.TheABSmaterialindicatesthatSydneyhasfarmoresquarekilometresofhighdensityhousingthananyotherAustraliancity.THEABSSQUAREKILOMETREDENSITYGRIDInDecember2014theABSlaunchedtheirsquarekilometredensitygridacrossthewholeofAustraliameasuringthehighestdensityasbeingover8000peoplepersquarekilometre.Thenextlevelwasbetween5000and8000peoplepersquarekilometre.Thedensitywascalculatedfromthe2011censuswherethenumberofpeopleperdwellingwasmeasured.Atthehighestlevelover8000Sydneyhad21squarekilometresMelbournehad1andnoothercityinAustraliahadany.SoclearlySydneyisleadingthecountryindensityasapartmentlivingbecomesmorepopular.BycomparisonthecityofLondonhas327squarekilometresoverthe8000densitylevel.APARTMENTSALEPRICEMichaelManKinLamulisedtheRPDatainformaononrecentsalestondsalesoverthelastfewyearswithinvarioussquarekilometregrids.AstheRPDataalsoincludesapartmentsizeMichaelwasabletomeasuretheaveragesalespricepersquaremetreofprojectswithinvariousgrids.ThestreetgridwithineachsquarekilometreenabledMichaeltofocusinonactualaddresseswithinparculargrids.SomegridswereeliminatedastheyhadSydneyHarbourllingmuchofthesquare.RESEARCHRESULTSDEMONSTRATELINKBETWEENDENSITYANDUNITPRICEAcleartrendhasemergedfromthisresearchthatapartmentsinhigherdensityareashavesignicantlyhighersquaremetresalespricesthanapartmentsinlowerdensityareas.Typicallytheapartmentsinthesquarekilometreswiththehighestdensitysellathigherprices.IMPLICATIONSOFRESEARCHRESULTSWithSydneygoingthroughanapartmentboomtherehasbeensomeconcernfromlocalcommunitygroupswhobelievetheinuxofapartmentswilllowerthevalueoftheirownassets.Atensionhasrisenbetweendetachedhousedwellersandapartmentdwellerswiththebeliefthathighriseapartmentsareloweringvalues.Ourresearchclearlydemonstratesthatapartmentvaluespersquaremetregoupwithgreaterdensity.AnapartmentinhighriseChatswoodwillbe2000asquaremetremorevaluablethanamid-riseapartmentinLindeld.Thedetailsofthesedierencesareoutlinedinthispublicaoninmoredetail.MOREDETAILSThoseinterestedinmoredetailontheresearchprojectcancontacttheUrbanTaskforcebyringing0292383955oremailingadminurbantaskforce.com.auResearchdemonstratesthatthemostdenseareasforapartmentshavethehighestsalespricesTheUrbanTaskforceiskeentohaveresponsestotheproposalsillustratedinthisissueofURBANIDEASandwewelcomecommentstoadminurbantaskforce.com.auChrisJohnsonAMChiefExecuveOcerUrbanTaskforceAustraliaCreditsCovermapbyResearchNowOurresearchclearlydemonstratesthatapartmentvaluespersquaremetregoupwithgreaterdensity.