The growth in Australia’s ‘rental generation’ is likely to see demand increase for smarter heating and cooling solutions in shared residential premises.
During the past decade the country has preferred smaller, multi-residence homes such as apartment blocks.
In 2019, the average sized home was 228 metres, the smallest recorded since 2001.
Apartment construction continues to boom, even though the building sector has slowed because of the ongoing pandemic.
According to buildsearch.com some 41 per cent of new homes built in Australia are apartments.
According to realestate.com.au’s 2019 Renter Report, the average young Australian renter is more likely to be female, aged between 25-29, living in Melbourne or Sydney with an annual income of around $50,000.
When searching for apartments the two major considerations for young people are sustainability and convenience.
To create a more connected environment, LG Electronics has created a line of smart air conditioning systems that seamlessly integrates into the residential home or apartment.
A smart home is an innovative home equipped with appliances like air conditioning that can be controlled remotely by smartphone.
Many of the LG Electronics range of air conditioners integrate into smart home systems through the LG ThinQ app, the smart management system from LG Electronics, providing users with convenient and efficient functionality such as user-friendly remote access, and energy monitoring.
In addition to managing air conditioning systems, LG ThinQ interconnects LG home appliances, providing users with solutions that fit their lifestyles.
Furthermore, users can monitor cumulative power consumption in present, weekly, and monthly phases. By monitoring these, users can control their air conditioning systems for convenience and efficiency.