Could apartments like these, purpose-built for renters, help solve Canberra's housing crisis?

Felicity Wilkins and her son have lived in four homes over the past two years as they struggled to settle in Australia's most expensive rental market, Canberra.

"I would love nothing more than the security of having a home, but [buying] is completely out of reach," she said.Canberra has had the highest rental prices of all capital cities for almost a year. This one, to be called the Borough, involves 700 dwellings to be built in three stages in Denman Prospect, a suburb in Canberra's fast-growing Molonglo Valley.

"This is important: we're not developing this as a short-term development to then go and leave the tenants on their own," Mr Byron said. The company is promoting the precinct's sustainable design, which will include greywater reuse, solar power, electric-vehicle charging stations and even drone landing zones.

It’s a manufactured crisis in Canberra. Public housing was removed along Northbourne so the land could be sold to fund the light rail. That put pressure on rental stock. The asbestos problem resulted the loss of 100s of houses. Now the govt releases land blocks with $1m reserve.

Or, build apartments and houses for those that don’t have one. Not renters vs owner occupier. We subsidize peoples second and third house but ignore those with zero houses.

In what ways are renters’ appartments different to other appartments?

You will own nothing and live in your box

Are not most apartment bldgs purpose built rental units? Sure so are called condos but most are rental stock.

Mass high rise cramped apartments? That is not the way to solve a rental crisis. Aquire government land and build ground level units/houses as is done with mass subdividing by strung up property developers. Not everyone wants to commit to a non-value for money mortgage.

'Into your cube serf!' says Federal politician and partner with three houses negative geared in Canberra.

Just give poor people a home, they can't sell it for 3 generations...

Why does affordable housing have to be cheap and ugly? Environmentally and architecturally thoughtful buildings may cost a little more in the short term but provide profound benefits in the not too long term. abetterfuture

Vertical slum.

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Twelve square metres is tiny’: The reality of ‘affordable’ housing in SydneyBoarding houses are touted as a solution to Sydney’s affordable housing crisis but have been labelled a “disgrace” and a “lower standard of housing” by opposition politicians. _andrew Gulp 😳🙈 _andrew Try living in a bedsit in London _andrew So the room itself excluding kitchen and bathroom is a minimum 12sqm so would be some three between 15&20sqm including those areas. But you also have shared living areas so seems fine to me. Bedrooms in new apartments are more like 9sqm. Better these places be built than not.
Source: smh - 🏆 6. / 80 Read more »