Rise and RISE of apartment blocks

Image: www.afr.com

More than a third (34%) of residents of Ryde / Hunters Hill ABS statistical area live in apartments, which is more than the average for Greater Sydney (28%) Source: 2016 ABS Census data.

In 2016, more apartments were built in Australia than houses.  Building industry deregulation presents serious concerns over quality, materials and fire compliance, including

    • poor oversight by local planners and authorities
    • self-certification of building components
    • relaxation of defect rectification requirements
    • long chains of sub-contractors
    • cheap or non-compliant fittings and finishes.

Many people blame foreign investors but in fact most investors are locals.  For more information about the implications of Investor-driven developments.

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