How health and happiness is becoming big business in property
Buyers don’t just want somewhere to live, they want a property that will make them feel good as well.
Wellness lifestyle real estate is building momentum as a property category, adding up to a staggering $275 billion annual spend globally. And the feel-good factor is only set to grow to around $580 billion by 2025. Calculated by the Global Wellness Institute (GWI), a non profit organisation educating public and private sectors about preventative health and wellness, the group ranks Australia as the third largest market for wellness lifestyle real estate at $16.54 billion.
However “wellness” in the 2020s goes far beyond a token pool or dinky gym in the basement of a residential block. Today, health and wellbeing is being woven into the bricks and mortar of new buildings from the foundations of biophilic design to sophisticated facilities.
