A question for the economists (@peter_tulip and others with knowledge of housing). What are the key structural shifts that allowed dwelling prices to deviate so substantially from wages growth since late 1990’s 👇. AND, what are the levers that might get us back.
On Tuesday the final hearing in the inquiry into the rental & housing affordability crisis in Victoria was held! Here are some important points shared during that hearing:
National Shelter Chair and @shelternsw CEO @EngelerJohn on how the response to the housing through all levels of govt is not a marathon but a triathlon - they all have an important role to play.
@AKorSyd@PeterMcGSyd Angelo I love your work - keep at it. Another issue is that with rising land prices the “land” cost of an apartment is too high to make a three storey apartment feasible.
The policies impacting Sydney’s ‘missing’ medium density examined through ABS dwelling approvals data. A 🧵:
Medium density apartments have been in decline for 3 decades. So, what are some of the factors contributing to this?
@peter_tulip Peter - I am sure he is - he just doesn’t seem to know much about planning or how development works.. I thought his suggestions about land tax and development capacity models for Councils were good ideas. But the zoning system isn’t the reason Sydney has a missing middle..
Tony Richards is a highly respected economist who has produced excellent housing research.
To smear a thoughtful contribution as "lobby group propaganda" is shabby and reflects an inability to engage with honest argument.
And, as far as I know, it is completely untrue.
I love working at universities! Always had inspiring colleagues 😍 and students 🤩 committed to exploring big ideas.
I just wish the sector would stop ripping-off passionate staff with short contracts, underpayment and unhealthy workloads. @NTEUnion@NTEUVictoria
Demographia has just updated its international comparisons of housing affordability.
Of 94 cities, Sydney and Melbourne are the 2nd and 9th least affordable. Hong Kong is worst.
newgeography.com/content/007774…
@ChrisStanden88@DallasRogers101 If you're lucky enough to live in the eastern suburbs there's bus to airport (45 mins travel time from Bondi Junction) for the price of a regular bus fare
I normally ride, but I had to get the train to the airport this morning.
And nothing screams privatisation louder than a $21.70 train ticket from Peterham to the airport. The economies of scale don't stack up here!
40 years ago a group of young urban researchers and started a journal… it’s guided our understanding of cities ever since. Congratulations @UPRJournal (check out the back catalogue-you’ll be amazed at how much has changed and how much has stayed the same)
@heritage_why I can see your logic here but it would be hard to put say 6 storey buildings over the top of detached houses because land costs are so high. Building Economics can be a bigger constraint than planning
The point is: our entire system is about maintaining the same character on the vast majority of land. If we can't add medium density on most streets, then we have to allow high-density on the few streets we are allowed to.
Zoning, DDOs, heritage are all linked. Take this DDO from the City of Yarra that requires upper level setbacks to 'protect' high streets in Fitzroy. The whole point is to keep our two-story high character forever.
yoursayyarra.com.au/fitzroycolling…
Whereas Substation175 occupies its tiny corner site, with all light & air from its public frontages.
Heritage retained.
3 storey apartment atop a 2 storey apartment - no lift!
This comparison shows why questions of density need to be so much better informed, rather than assertion
Let’s talk density!
Here’s scale comparison of our largest #apartmentbuilding - Verve in Newcastle (207 apartments +retail; 2 x 20 storey towers, site 4385m2)
& smallest
- Substation 175 in Surry Hills (2 apart’s +shop; 6 storeys, site 45m2)
Similar FSR & net dwellings/hectare 🧵
There’s an obvious solution to Oxford Street’s woes, and it’s not bike lanes smh.com.au/national/nsw/t…
I can see you’re fired-up @michaelkoziol
You obviously love the place. The light rail is a good idea, and definitely to Bondi Beach.
#nswpol
Feeling incredibly grateful for the support of so many colleagues and comrades - not just with the application, but with life in general. Here's to more years of doing cool stuff together, making community and making trouble!