Monday, November 25, 2024

Three million additional strata units offer part of the solu…

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New analysis has identified the potential to build more than three million additional strata units over almost 1.3 million sites across Australia’s capital cities, providing one potential solution to Australia’s growing housing crisis.

Largest number of sites were identified in Melbourne, followed by Sydney.

Across the local government areas, Brisbane City Council (Qld) stands out with the highest potential, along with The Mornington Peninsula (Vic) and Canterbury-Bankstown (NSW) and City of Sterling (WA).

More than half (57%) are within 2km of an existing train station, offering important transport links for commuters


A new analysis has identified the potential to build more than three million additional strata units over almost 1.3 million sites across Australia’s capital cities, providing one potential solution to Australia’s growing housing crisis.

Of those units identified, almost 500,000 (16%) are situated on ‘low complexity’ sites without any material slope, heritage rules or the risk of a hazard such as bushfire or flooding.

The analysis excludes high-rise and mixed-use opportunities, with the average number of potential units per site at just 2.5.

The largest number of sites were identified in Melbourne, with more than 472,000 lots and the potential to deliver almost 1.2 million new strata units, followed by Sydney with just under 351,000 sites and the potential for more than 934,000 new units to be built.

Potential New Strata Supply By Capital CityPotential New Strata Supply By Capital City

The report ‘The Missing Middle: The Greatest Opportunity for Medium-Density Development’, developed in partnership between CoreLogic and Archistar, assessed the development potential of capital city land that doesn’t currently have a strata development and where local regulations allow for higher density dwellings.

The analysis shows more than half (57%) are within 2km of an existing train station, offering important transport links for commuters while also leveraging the significant capital investment in transport infrastructure.

The National Cabinet had its work cut out for it to deliver on its commitment when it comes to new housing.

The National Housing Accord has laid down the challenge of delivering a well-located new housing supply.



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