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1.Market Observations, 8.Was Sticky

5 Apr 2017 (AFR) – Goodbye backyard: Developers shrink lots to tackle affordability

(5 April 2017, AFR, p31, by Larry Schlesinger)

‘The Aussie backyard – once a distinguishing feature of the country’s enviable livability – is shrinking as developers tackle declining housing affordability by reducing lot sizes and introducing medium-density housing to their outer suburban residential communities. The latest UDIA-sponsored State of the Land Report reveals that while the national supply of lots rose to a new high of…’

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