NSW attitude to rental housing

[jack]

This particular policy change is focused on encouraging the building of large housing developments specifically for the rental market.

 

[ProDave]

Does little to encourage individual landlords.

[jack]

15 minutes ago, ProDave said:

Does little to encourage individual landlords.

 

Does exactly nothing to encourage individual landlords!

 

I was in Sydney a couple of years back after a 10 year absence. I couldn't believe how the character of the place had changed. The number of apartment blocks that had gone up in suburbs around the city was utterly staggering. Over around 10 miles I must have seen hundreds of large apartment blocks that weren't there when I last drove around the same area a decade ago. 

[ProDave]

I can't understand why Australians, with so much space, want to live together in tower blocks.  Surfers Paradise on the Gold Coast was just the same.  Utter madness.

[jack]

12 minutes ago, ProDave said:

I can't understand why Australians, with so much space, want to live together in tower blocks.  Surfers Paradise on the Gold Coast was just the same.  Utter madness.

 

People want to live in or near the centre of the city, because that's where the action is and that's where the jobs are. That's also somewhere where there categorically isn't space! 

 

In a way, the space is the problem. Sydney's a bit like LA, in that the suburbs have sprawled an awfully long way from the centre of the city. A lot of the places where there's space you probably wouldn't want to live.