Street Trees Boost Sydney Property Values

0:00Welcome to Sydney News Today, two minutes of news that matter to Sydney. New research from the University of Technology, Sydney shows, street trees can boost property values in Sydney suburbs by up to 1%. But if those trees sit too close to homes, they might drop prices by 3%, or around $70,000 on a typical sale. The study looked at 1,500 property sales across 31 suburbs from 2021 to 2024. Those homes had a median price of $2,600,000, with about 50,000 street trees factored in. Researchers found the ideal distance is over 20 meters away, where trees help the whole street without hurting individual spots. Real Estate Agent Pauline Goodier says most buyers love leafy streets like Paddington or Kiribili, famous for their Jacaranda canopies, trees beautify views, gardens, and even create habitats for wildlife. That said, ones planted too near can mess with drainage, or underground pipes, turning off potential owners.

1:01Beyond prices, more tree cover cools neighborhoods and lifts community well-being. Coverage varies a lot across Sydney, with eastern spots often greener than the west. Western suburbs like Liverpool, Camden, and Penrith have under 20% canopy right now. The city of Sydney aims for 23% by 2030 and 27% by 2050, while other areas push similar greening, plans to even things out. The daily news now is grateful to our sponsor for today's episode. It is a pillow that plays your podcast and music without earbuds, built for listening and bed, S-O-L-I-SOL-PILLO.com.