SYDNEY - A shortage of housing in Australia has prompted an urgent push to increase supply, including proposals to build more high-rise apartment blocks, open land for development and impose taxes on homes that are kept vacant.
Despite Australia’s vast landmass, the country’s relatively small population of 26.5 million residents are concentrated in sprawling coastal cities that occupy large spaces. About 40 per cent of the population live in just two cities – Sydney and Melbourne – yet the local planning authorities in the major cities have often resisted shifting to high-rise developments.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you