Brisbane moves to ditch high-rise car space minimum in housing affordability plan

Brisbane will move to ditch a car space minimum for inner city high-rises — a shift the city's mayor claims will drive down home prices.The change would apply to the inner city suburbs of Fortitude Valley, Kangaroo Point, Milton and Newstead.

"It will mean more people will be able to afford to live in areas close to transport and key employment centres, like the CBD," Mr Schrinner said. "Developers are very careful to trickle out the release of their housing projects, so they don't devalue them."'This issue will destroy New York': How Texas made its border crisis a huge issue for America's big cities

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Source: Real Estate Daily Report (realestatedailyreport.net)

Queensland Housing Apartments Real Estate Urban Planning Building Housing Crisis Brisbane Council Inner City

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