The Grattan institute recently conducted a survey of more than 700 people in Melbourne and Sydney to determine what attributes they looked for in housing – and what was available.
The results show that more Australian’s are willing to make trade-offs when it comes to the size and type of housing they live in, if other amenities can be gained.
The report highlighted a significant shortage of semi-detached homes and apartments in both middle and outer areas of Melbourne and Sydney compared to the demand for these building types by respondents.
The findings also showed that this lack of appropriate housing is being driven in part by the incentives facing residential developers. Developers reported that financing practices, planning and land issues and material and labour costs all made medium and higher density developments more difficult and created a disincentive to building these types of homes.
You can read the full report here.