Many multi-generational families want to live close to each other. But worsening affordability has reduced spending power – and that’s changing housing design.
A four-bedroom, three-level townhouse with a lift at 11-11A Old Berowra Road, Hornsby, NSW. Sold for $1.8 million off the plan.Two weeks.
The adult children need to sell their apartment and the parents need to sell their apartment and all the people will move in together. It’s pushing everyone to move back in together.The children. They needed a bigger space. The lady is 37, her husband is 38. Their children are about 10.The mum and dad own an apartment, the daughter and son-in-law also own an apartment. If you have two children and two parents in a two-bedroom apartment, it’s very tight. The children needed separate rooms.
Their mum and dad come in, helping out with the children. Before, they would live next door. But with prices so high, they can’t afford that any more. So they decided: “Let’s move in back together.” The grandparents can walk upstairs well at the moment. But what happens if they can’t do it any more? A lot of families need to think about what happens. This is off the plan. They finish the development in 2½ years’ time and they’ll be living there for at least 10 years.
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