Melbourne’s shoebox apartments shrink

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By Leith van Onselen

The AFR has a story today on Melbourne’s shrinking CBD apartments, whereby the average size of a one bedroom apartment fell from 47 square metres to 44 square metres in the final quarter of 2014, whereas two bedroom apartment sizes fell from 62 to 59 square metres:

Evidence that apartment sizes fell in the December quarter and are now dangerously close to the minimum size suggested by the state government architect will raise questions about the quality of apartments being built in the inner city…

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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.