Researchers have developed a model which uses changes in the socioeconomic status of an area to anticipate gentrification
“So that’s moving further westwards to suburbs like Auburn, Bankstown and Homebush, moving further south, south-east to places like Maroubra and Botany, and also further south to Sutherland.
Thackway said they were only able to model the predicted change from 2016 to 2021, as socioeconomic indices from the latest 2021 census are not yet available. “And of course, if we wanted to we could also rerun the model and forecast for 2026, which would be potentially interesting exercise after we’ve sort of evaluated the models performance on the 2021 predictions.”
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