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Central West NSW's Urban Landscape: Unpacking the Floor Space Ratio and its Impact on Suburban Rankings
The maximum amount of floor space allowed on a property compared to its land size. A high value indicates a more densely populated area with taller buildings and potentially higher property values.
The "Area in: Floor space ratio: 0.525" data can be useful for property investors and those looking to move as it provides an indication of the density of buildings in a particular suburb. A lower floor space ratio suggests that there is more open space and potentially larger properties, which may be attractive to families or those seeking a quieter lifestyle. On the other hand, a higher floor space ratio may indicate a more urban environment with more apartment buildings and potentially more amenities within walking distance. This data can also be useful for those concerned with livability, as a lower floor space ratio may suggest a more spacious and less crowded environment. For example, a family with young children may prioritize suburbs with lower floor space ratios, while a young professional may prefer a higher ratio for the convenience of living closer to work and amenities.
Data from 2023