If it were possible to afford an apartment that could house a multi-generational family (2 kids, 2 parents, 2 grandparents) within Melbourne’s tram zone - we would get the fuck out of suburbia at the drop of a hat.
My wife and I absolutely despise our ~60 minute commutes each way, and we’d gladly trade our shitty little backyard for walking distance to one of the beautiful botanical gardens.
The problem still largely ties back to the Howard-era changes to capital gains and negative gearing causing a prolonged and painful housing bubble, further exacerbated by 30 years of record immigration.
For real. We don’t build nearly enough higher-density housing in general, and that problem gets exacerbated exponentially if you want to live with a family larger than a childless couple, because we just don’t build much of that.
Tell me about it; feels like any/all higher-density housing built since 2000 largely caps out at 2 bedrooms.
It only gets worse when you factor in we also heavily prefer a single story residence, eliminating >90% of what’s left as it heavily skews towards ‘luxury’ 2-4 storey townhouses over apartments.
If it were possible to afford an apartment that could house a multi-generational family (2 kids, 2 parents, 2 grandparents) within Melbourne’s tram zone - we would get the fuck out of suburbia at the drop of a hat.
My wife and I absolutely despise our ~60 minute commutes each way, and we’d gladly trade our shitty little backyard for walking distance to one of the beautiful botanical gardens.
The problem still largely ties back to the Howard-era changes to capital gains and negative gearing causing a prolonged and painful housing bubble, further exacerbated by 30 years of record immigration.
For real. We don’t build nearly enough higher-density housing in general, and that problem gets exacerbated exponentially if you want to live with a family larger than a childless couple, because we just don’t build much of that.
Tell me about it; feels like any/all higher-density housing built since 2000 largely caps out at 2 bedrooms.
It only gets worse when you factor in we also heavily prefer a single story residence, eliminating >90% of what’s left as it heavily skews towards ‘luxury’ 2-4 storey townhouses over apartments.