Mirvac: stoking housing demand without more supply ‘adds fuel to fire’

While the Mirvac chief did not comment directly on those proposals, she warned against narrow measures that boost demand only.

“Apartment supply, for example, across the east coast of Australia in 2023 is going to be only 45 pct of what it was in 2018, but at same time we turn migration on. That is just putting more and more pressure on upward prices. That is not good for young people in this country.” The level of amenity is increasing with each new project, with LIV Aston to offer a floor of co-working space, along with kitchens, dining rooms, a lap pool, a pet park, and a roof bar, she said.

Only if enough people use them. The reality is these policies are a distraction. Greater regional development is the smart approach, governments have not done their job in building infrastructure where land is more affordable...just consider the growth of FIFO.

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After flooding and lease cancellations, what comes next for Toombul Shopping Centre?Business and marketing leaders say Mirvac will seek to capitalise on the location of the centre, which may become a multi-use hub akin to 'the old town square'. This will need careful consideration by Mirvac.We have lost two medical centres,two large pharmacies, Coles,ALDI,Target, banks, allied health, pathology, all within walking distance of a growing, diverse community,many of whom are apartment dwellers dependant on the bus terminal.
Source: abcnews - 🏆 5. / 83 Read more »