Removing negative gearing would increase cost of housing: economists

This is the problem with all you suburbanites. You only think of property that is in the same damn areas as you are.

Now that's one to tell Boroondara, Bayside and Glen Eira Councillors, and all the 'Save Our Suburb' housewive and retiree 'community activists'. After the toast to the glories of demand-driven housing markets of course........

The inner east and bayside are ALREADY developed.

No, they're considered developed enough perpetuity according to the residents there, which means nothing over 8 metres on the majority of Glen Eira, Bayside and Boroondara Council land.

We have massive amounts of area to the west, south west, north west and north that haven't been opened up to development. They're slowly being opened up with new estates but by god is it slow. Most of it is already cleared land, most of it even has some level of infrastructure already in place or that can be relatively easily extended.

Building townhouses close to the city makes sense, as there is the actual demand for them there. The infrastructure. The businesses. The universities. Everything is more concentrated therefore it makes sense to concentrate people a little more there.

Building townhouses on the outskirts without infrastructure and proximity to services is idiotic. Almost Chinese ghost-city tier. It increases car travel time and therefore traffic congestion, and they are far more likely to rapidly turn into ghettos, like as if some suburbs in the outer north-west really need multi-story ones.

But everyone wants to live five minutes from the CBD. Inner east indeed.

Politicians have had decades to decentralise Melbourne, to reduce the 'all-attractiveness' and the reliance upon the inner-city area for services and employment but I guess neither the political nor the corporate will was ever there.

/r/australia Thread Parent Link - m.news.domain.com.au