Beware another high-rise apartment boom

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Australia’s governments want to ‘solve’ the housing crisis by pushing Australians into high-rise apartments.

They ignore that the 2010s decade saw the biggest boom in high-rise apartment construction in Australia’s history, concentrated in the nation’s major capital cities:

High-rise apartment approvals

This unprecedented boom in high-rise apartment complexes resulted in a spike in construction faults and quality issues, such as cracked foundations, water leaks, balcony defects, and flammable cladding.

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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.