Social infrastructure refers to the buildings and services that support the social and economic well-being of a community. This includes things like schools, hospitals, libraries, parks, and community centers.
Social infrastructure is important to consider when doing property research because it can have a significant impact on the value of a property. For example, a property in an area with good social infrastructure is likely to be more valuable than a property in an area with poor social infrastructure.
Here are some examples of social infrastructure in Australian English:
- Schools: Schools provide education for children and young people.
- Hospitals: Hospitals provide healthcare for people of all ages.
- Libraries: Libraries provide access to books, magazines, and other resources.
- Parks: Parks provide space for people to relax, exercise, and socialize.
- Community centers: Community centers provide a variety of services to the community, such as childcare, recreation, and social programs.
Property investors can choose to invest in properties that are located near social infrastructure, as these properties are likely to be more valuable in the long run.
Here are some additional terms that you might come across in the context of social infrastructure:
- Community: A group of people who live in the same area and share common interests.
- Well-being: The state of being happy, healthy, and prosperous.
- Investment: The act of putting money into something with the expectation of making a profit.