PZ.
( ͡° ͜ʖ ͡°)
- Joined
- 13 May 2015
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It's a good point although when it comes to new estates I mostly blame councils for having covenants that force developers to build larger houses than what many people might require. In any case, it's the value of the land itself that's getting blown out of proportion which is why I agree with the idea of winding back negative gearing... if it's done gradually.On the flip side, having lived in both London and New York, the size of housing in Australia is enormous compared to the shoe boxes in those cities. My eastern suburbs terrace which is of average size (3 bedder/2bath) would be considered huge in London and probably cost double or more given the proximity to the CBD.
I'm not making light of the lack of affordable housing it's a huge issue for people my age (35), just putting things in a bit of perspective.