In a rare slice of honesty, NSW Planning Minister, Rob Stokes, has admitted that high-rise apartments wreck liveability:
A Reserve Bank report last week suggested that doubling the construction of high-density units every year would reduce housing costs by 2.5%per annum.
Mr Stokes warned that a modest benefit to homebuyers [in price reduction from more high-rise] would become a “massive potential cost to everyone else” in NSW due to increased traffic congestion from higher urban density, heritage impacts and the need to retrofit utilities, hospitals and schools to cope.
