Is a permanent planning change worth a temporary benefit?
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The ‘Yes in My Backyard’ (YIMBY) movement argues that Australia’s crisis can be solved by upzoning our cities to allow high-rise apartments in more locations.
They believe that blanket approval of high-density apartments will magically increase supply, ignoring how the development system actually works.
State planning reforms have also fast‑tracked high‑rise towers, with the government pushing the following:
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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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