Sydney Morning Herald: Serious imbalance between supply and demand for houses with balconies
Sydney Today, April 4st, Eastern Time, Australia A house with a balcony is a distinctive feature of Sydney architecture and is well received by buyers. However, in the government planning plan to be announced this week to call for the restoration of people's favorite real estate style, all the styles of the people are included, but the development potential of building a new type of house with a balcony is not seen.
The Homes for All report prepared by the newly established left-wing research center McKell Institute shows that houses with balconies are the ideal style to enter the middle of the suburbs of Sydney. At present, the dominant style in that place is still block detached houses with a quarter acre size. This pattern will greatly increase the density of these suburban houses, but this has not attracted the attention of local people.
Tim Williams, the co-author of the report, believes that in the past fifteen years, most local environmental planning regulations on communities have been too strict. This really leaves builders and developers with only two choices: McMansion or apartment buildings (block of flats). Dr Williams said: “The style with balconies is accepted by people in the suburbs of Sydney and is very popular. This is the most attractive and advantageous urban housing style we have invented so far, but we were unable to build it (subject to regulations). limit)."
The Department of Planning and Infrastructure disputed this report. A spokesperson pointed out that the minimum size standards applicable to various forms of development are largely determined by the individual committee, although the planning and infrastructure department has a "template clause" that stipulates the size of the community to encourage People build smaller communities (Lots).
The report Homes for All pointed out that Sydney needs a new environmental plan, including the removal of the approval of the committee, and the principle of actively encouraging small subdivision design ideas, allowing the construction of houses with balconies near railway stations and other transportation hubs.
This idea is one of the 40 options proposed by the agency in this report. These plans put forward solutions to the situation that the government and the owners are facing a shortage of real estate that has led to rising housing prices. Other proposals in the report include: reducing transaction costs, simplifying transaction procedures, and reducing the extension of development applications; implementing tax exemptions for the development of public infrastructure and returning the collected taxes to taxpayers; replacing stamp taxes with land taxes; abolishing negative deductions. Because it promotes an increase in demand when the supply of real estate is tight, leading to a housing price bubble.
According to Productivity Commission data, in the previous four years, Melbourne had approved 4 new households, while Sydney had approved 106000 households during the same period. The National Housing Supply Council predicts that the housing shortage in NSW alone will approach 50000 households by 2020.
Dr Williams said: "Real estate has become a speculative game, not as a place for people to live." (Ivy)