Why CBD buildings will become ‘recruiting machines’

The number of people living in cities will surge as a post-pandemic readjustment reverses much of the previous rush to the regions and workers who hang onto flexible working practices increasingly seek out housing with shorter commute times.

Poor rental affordability in regional towns – nearly 30 per cent of renters in regional areas pay more than 40 per cent of their household income to rent – will be one key factor pushing people back to the relative affordability of urban centres, the findings of a new CBRE survey show.