Three storeys everywhere: The radical plan to drive down house prices
The Productivity Commission has proposed radical planning reforms in Australia, including allowing three-storey developments in all residential areas to combat housing unaffordability. The plan aims to increase density near public transport hubs to address the nation's housing supply shortage.
Why it matters
These recommendations address the critical issue of housing affordability and the failure of current planning regulations to meet population growth needs.
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Share A A A The nation’s sprawling suburbs of single-storey homes would be transformed under a plan from the Productivity Commission to make the property market affordable, with three-storey developments allowed everywhere and high-rise apartment blocks built near train, tram and bus stations.
Declaring state and local government planning regulations a key reason for Australia having some of the most expensive homes in the world , the commission also wants the minimum size of home lots to be reduced while allowing more European-style mixed commercial and residential developments.
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