Mathew Quinn, MD of home builder Stockland, says governments and consumers were demanding houses that are too big, cost too much, and take too long to build. This is locking middle and lower income families out of the market.
New Australian houses are averaging 83 sqm per person, compared to 78 in USA, 33 in Japan, and 32 in Britain. No wonder then that our houses are so much more expensive than those in other countries!
Mr Quinn expressed concern about the difficulty of getting planning permission to build on lots of under 450 sqm. Of 17 sites his company was developing in Queensland, only three had approval for lot sizes under 300 sqm. He feels this is a deliberate policy to prevent those on lower incomes from being able to buy houses.
Friday, October 15, 2010
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