The Guardian’s Luca Ittimani asks why state and local government plans to convert empty office buildings into apartments to ease the housing crisis have not come to fruition:
Momentum to create homes out of empty offices has faded even as office vacancies rise and housing shortages intensify.
Developers have not submitted a single application to turn an office into housing in central Melbourne since 2023. Just one successful application has been made in the CBD of Sydney, the country’s most unaffordable city.
