Premier Jacinta Allan's plan to fast-track apartments in 50 activity centres faces criticism because updated Better Apartments Design Standards will not apply until 2026. Planners warn new towers may be dark, small and family-unfriendly; developer Max Shifman argued premium boutique apartments are the only financially viable product.
As I told The Age: “Speeding up planning in these activity centres will deliver little benefit if the result is a housing product that costs too much and doesn’t meet the utility of buyers”
I also said: “The only apartments that generate a suitable return on investment are premium, boutique apartments targeted at wealthy downsizers”
The Age, 24 October 2024 — Read the full article