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Robert Harley

Housing construction is collapsing around Australia. Here’s why

Developers can charge buyers more, or the costs can come down to make apartment developments viable. It’s clear which is better.

Unlike most housing precincts in Australia, Bondi has no shortage of residential construction work.

Two cranes mark the horizon. In one stretch of Ramsgate Avenue, I can walk past an extensive apartment block remediation, the full restoration of a 1920s flat building, a new dual occupancy and a small unit project.

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Robert Harley is a former property editor of The Australian Financial Review. Connect with Robert on Twitter. Email Robert at rob@rharley.com.au

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    Original URL: https://www.afr.com/property/residential/housing-construction-is-collapsing-around-australia-here-s-why-20240501-p5fo2z