Terraces before towers: Sydneysiders want more medium-density housing

sydney_yimby MeganGorrey Yes we know we want more but why isn't it happening? Theres barely anything in the market..

MeganGorrey Middle housing also both reduces the need for high rises by adding to dwelling targets while also softening the visual impact should a high rise need to be built. A high rise amongst Middle Housing is less jarring than a high rise amongst detached dwellings.

MeganGorrey Middle Housing fits the growing demographic of young busy families who need 3-4bdr dwellings without the expensive and hard to maintain land. It also fits downsizers who also want a large dwelling but without the physical maintenance.

MeganGorrey 3 or 4 story terraces, with each floor a separate flat. Incorporate a central green square in the middle of it, with a bar, corner store and cafe on the corners. Similar to London. Would sell like hot cakes.

MeganGorrey Too bad. Developers get what developers want.

MeganGorrey townhouses r not lucrative for developers profit With unit towers they can get fat profit but they r condemning us to live in shoebox units When councils disallow too much building height they appeal to NSW gov NSW LNP is in bed with developers so we get 1000s of unit towers

MeganGorrey In other words reduce migration into Sydney

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Australian house prices slump, with Sydney recording steepest drop in a decade | Sky News AustraliaAustralian house prices have slumped, dropping 6.5 per cent in 2018. \n\nEconomists say the drop is due to the restricted access to credit with banks being forced to tighten lending standards and slow loan applications. \n\nSydney recorded its steepest drop in a decade last year, with the average house price now sitting at $1.06 million and $702,000 for units. \n\n\n\n\n\n\n So it’s where it should be. In a market with very high transaction costs if prices are falling and you only have one swing at it then you are going to not buy until you think the market has bottomed.
Source: SkyNewsAust - 🏆 7. / 78 Read more »