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From the linked article: > While dwellings are vacant for a number of reasons they are primarily associated with holiday areas
by tomcorrigan 14y ago
From the linked article:
> While dwellings are vacant for a number of reasons they are primarily associated with holiday areas
- retrogradeorbit 14y agoSeems inner city Sydney is a 'holiday area'. [ http://australianpropertyforum.com/blog/main/3204321 http://australianpropertyforum.com/blog/main/3204321 ]
- ryanackley 14y agoOnly one or two of the suburbs listed are actually considered inner city. As someone who does live in the inner-city of Sydney and pay $3100USD/month for a shoebox. I would be incredulous if there were a large amount of vacancies beyond normal turnover. There are usually bidding wars for property sales (most inner-city properties are sold by auction) and dozens of applications for rentals.
- derrida 14y agoI've lived in the inner-west all my life & I know 5 or so squatters. Yep. There are vacant buildings everywhere you probably just don't know it. There's a whole world outside the market & we need to encourage this sort of thing, or else a city becomes locked into mortgages with little job flexibility. The ability to live cheaply in a city is very important. High costs to maintain a basic lifestyle mean less risk taken, less businesses started, less innovation, less arts. In total contrast to Sydney is Berlin: high unemployment, very low cost of living, tons of start-ups, tons of arts.