What is a walking score? These is one of the many fundamentals that contribute to our property research. The walking score reflects how easy it is to get around without a car.
What is a walking score?
The walking score is a number between 0 and 100 (100 representing a perfect score). Melbourne is the only location in Victoria ranked with a perfect 100, making it number 1 place to be able to commute without the need of having a car.
What is a good walking score?
As mentioned, the maximum score is 100/100. A suburb that exceeds 90/100 is deemed a great location where you can get on foot and find anything in close proximity. That means you can do you daily errands without needing a car.
A score range between 70-89/100 is classified as ‘very walkable location’. However a score within a range of 50-69/100 is determined ‘somewhat walkable’, where you can manage some of your daily errands on foot.
If the score ranges between 25-49 is noted a a ‘poor walkable location’. Essentially you can’t really do anything without being dependent on a car. Anything between 0-24 is entirely dependent on a car.
Why is walkability important?
For property investors, this may not have an immediate influence on capital growth, but it influences tenant demand. It improves the prospect of a quality tenant and potentially earning a higher rent. Total investment returns should always take into account both capital growth and income.
As the population grows and roads become congested, the option of leaving the car at home for errands, school drop offs and amenities becomes important.
What should I do?
There are other contributing factors and common themes to follow. This is just one of many you consider when doing your due diligence. Before buying a property, we recommend seeking professional property advice. At Crest Property Investments we specialise in sourcing brand new and off the plan properties for buyers. We also do not charge fees to buyers! If you’d like to learn more, please feel free to contact us. We welcome the opportunity to help you make the best property decision.
While we have taken care to ensure the information above is true and correct at the time of publication, changes in circumstances and legislation after the displayed date may impact the accuracy of this article. If you want to learn more please contact us. We welcome the opportunity to assist you.
January 2022
