We all know there’s a housing shortage and we are seeing signs of overseas workers and students coming back to our cities, so it should be no surprise that rents are going up.
Yup, that old supply and demand equation never fails. But the surprise part of all this is how rents on apartments are going up by so much more than on houses.
We kick that around with some astonishing figure on this week’s Flat Chat Wrap – especially looking at some unexpected areas where unit rents have soared.
Then we look at the potential for apartment blocks to go up in the world. Got a crumbling block that badly needs fixing? Add a couple of penthouses and sell them to rescue the rest of the building.
It’s not quite “the sky’s the limit” – the height restrictions in your local council area are. However, according to an expert in roof space additions, there’s billions of dollars of untapped potential right above our heads.
Finally, we look once again at electric cars and growing grumbles that being forced to install the infrastructure for car charging will add extra costs to new buildings.
How much? Listen to the podcast or read the transcript.
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Flat Chat is all about apartment living, especially in Australia.
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Recorded by Jimmy Thomson & Sue Williams; Transcribed by Otter.ai.
Find out more about Sue Williams and Jimmy Thomson on their websites.
