Governments across Australia are aiming to build 1.2 million homes in the next five years. But there's one problem that's not being addressed.
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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