Shoebox apartments out of fashion, larger boutique is in

Property downturn spells the death of the ‘dog box’

I got a very subtle biased view point on this article, however its basically saying that due to lack of funding from the banks the shoe box apartments are no longer in, and its the larger 2 to 3 bdrs for owner occupiers and we will become like in paris

The bias I feel is that , if the lending environment stays identical for ever, sure we may become like paris, but like all cycles, things change, the reason why 1bdrs were being built was because they were the most profitable, if some law was introduced saying all new apartments built must be 2bdr or more and a certain size, yes the future will be different,

once lending criterias relax once the doom and gloom passes, I think we will see a balance between shoeboxes and larger boutique developments,
Obviously the economy isnt dictated by a few rules or banks or trends...

 

Dog boxes were just built to scam the chineses with glossy flyers, they are not on the market anymore to buy this crap.Total waste of space, future slum.

 

Also consider.

Many more people living alone than ever in recent history.
So 1 bedroom apartments also satisfy a need for this type of accomodaaccom.

 

We are living alone together in today's cities – and that calls for smart and 'bolshie' moves

It's also a trend.

"One in four Australians live alone, either voluntarily or circumstantially. The ageing population is one factor. The rise of younger people choosing to live alone is another, and it’s historically and distinctively a new phenomenon"

 

Having been in the Innerwest for over a year, we've noticed the number of boutique boarding houses. These are recently constructed single rooms, mostly well located near trains or light rail.

They are all under a single title.

 

There was never a real demand for 1 bedroom apartments for owner occupiers in Australia except in a very small number of very blue chip areas (think like Elizabeth Bay in Sydney etc). 90% were probably purchased by investors and now that prices are falling, the demand will be even less.

Countless studies have found that the preferred and most in-demand housing type in Australia is medium-density mixed-use development but the government has done very little to increase supply in this part of the market - 3 bedroom apartments in say 3-5 storey buildings, townhouses, terrace house and detached houses on well-located small blocks close to amenities and transport. The market is still largely one of extremes - ~40-50sqm 1 bedroom apartments that no one wants to live in long-term or massive McMansions in the middle of nowhere. The "missing middle" has very little supply and consequently disproportionate prices.

 

That's shop-top housing not mixed unit sizes.

 

By mixed use, I mean housing that's in walking distance to shops, public transport and other amenities. Pedestrianized village style development. Medium density includes apartments (in smaller buildings) as well as housing types like townhouses and terrace houses.

 

I don't like them, but they were easier for developers to sell in general because price point and yield made them popular. They also provided cheaper options for renters and those looking to enter the market.

The rules may have changed now in Melbourne but apartments were ridiculously expensive in Sydney because of the minimum space rules.

 

That's just housing, mixed use is different classifications.

 

Can someone provide data on home many apartments built by size ?

If not by size by bedroom count?

If we cant answer this with data this thread is just talk and hot air.

If we can find good info and data on built types size and bedroom count we can draw better conclusions.

 

Minimum space rules are great for society, it is good planning to minimise future slums.

My Melbourne apartment was chosen on the basis it complied with nearly all the minimum standards in NSW.

 

People all over the world live happily in smaller apartments worth way more than any 70sqm 2br in Sydney and those people aren't living in slums. Minimum size doesn't substitute for amenity, location, design etc.