Australians overwhelmingly don’t want to live in high rise towers

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The past 20 years have seen a proliferation in high-rise apartment construction across Australia’s major cities:

High-rise apartment approval

This boom in high-rise construction has been in response to the large jump in net overseas migration this century:

Historical NOM
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This surge in immigration has driven massive increases in the populations of our major cities:

Australian capital city population
Capital city population change
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The latest population projections show Australia’s major capital cities recording massive population growth over the coming decades, which will inevitably be accompanied by future Australians living in high-rise apartments:

Capital city population projections

Indeed, modelling released after the 2016 Census by the Urban Taskforce predicted that Sydney’s housing composition would shift considerably over the 41 years to 2057:

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Sydney dwelling composition

In 2016, 55% of Sydney residents lived in detached homes. However, this is expected to reduce to only 25% by 2057, whereas the proportion of Sydney residents living in apartments will increase from 25% to 50% during the same period.

That is the death of the Australian backyard right there.

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However, while Australian policymakers continue to force feed the nation with overseas migrants against the wishes of voters, it turns out that the overwhelming majority of Australians do not want to live in an apartment.

That’s right. According to data from Westpac, 84% or more of prospective Australian property buyers want freestanding houses or townhouses. And a large majority want freestanding houses:

Tarric Brooker
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So, Australians overwhelmingly do not want high immigration and a Big Australia. Nor do they want to live in apartments.

Yet, Australian policymakers are ignoring their wishes and forcing both down their throats.

The federal government’s mass immigration policy will create a future whereby only the wealthiest can afford to live in a detached house with a backyard.

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Is this the future we want for our children?

About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.