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Last decade’s high-rise apartment boom was built on shoebox apartments.
As illustrated below by the ABC, small apartments with two or fewer bedrooms dominated apartment supply across the three largest capital cities:
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Unfortunately, many of these ‘shoebox’ apartments were also riddled with defects. Sydney’s Opal and Mascot Towers, for instance, were the most visible examples requiring evacuation due to extensive cracking.
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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.