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Melbourne architect, Craig Yelland, has slammed new NSW-style design rules reportedly coming to Melbourne that would restrict the minimum size of apartments to 50 square metres and impose new regulations governing natural light, ventilation, storage space, among other amenities. From The AFR:
Mr Yelland says the standards, known as SEPP 65 (State Environmental Planning Policy No 65), will add $123,000 on average to the cost of every new Melbourne apartment and reduce supply by at least 33 per cent…
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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.
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