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Problem is that apartment quality in Australia is beyond bad. We have quite a lot of apartments, but no one wants to live in them for that reason. But yeah, if
by dottjt 3y ago
Problem is that apartment quality in Australia is beyond bad. We have quite a lot of apartments, but no one wants to live in them for that reason.
But yeah, if they were better quality I imagine people would move into them.
- lmm 3y agoWell, if no-one wants to live in them then no-one will pay much for them and they won't be economical to build.
- jfim 3y agoPeople have to live somewhere, so they might live in them begrudgingly, even though they'd rather live in higher quality dwellings.
- lmm 3y agoMost people want to live in a giant house right next to where they work with a bunch of cafes and restaurants in easy walking distance but no neighbours and a great view, and it needs to be cheap. In practice something has to give. In the absence of artificial restrictions, a free market can do a pretty good job striking the balance between luxury and affordability.
- dottjt 3y agoIn theory, but what's happening is that they're all being bought by foreign investment and remaining empty. That's what happens when housing becomes an investment vehicle.