Australia is building a million new homes — but we may not want to live in them

When Stacey and her husband returned to Australia after living overseas, her search for a family home took years, even though she was willing to make concessions others weren't. The 45-year-old, who did not want to be identified, quickly realised that buying a house within a reasonable distance from Sydney's city centre would cost her more than $2 million.

University urban planning expert Liam Davies said if Australia didn't figure out how to provide more three and four-bedroom properties catering to families in inner and middle city areas, cities would become "very separated". Davies said developers rarely included three-bedroom units in high-rise apartments, focusing mainly on one or two bedrooms — aimed at investors — because they were more profitable.

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