Perth is facing an urgent need for urban infill as soaring land prices threaten its affordability. Recent data from UDIA WA reveals that the average price of a new block of land in Perth has surged to $305,177, the highest since 2007. This 25% year-on-year increase underscores the unsustainability of continued urban sprawl and highlights the need for diverse housing solutions.
Low-density developments on the urban fringe consume vast amounts of land, leading to significant environmental and economic costs, including habitat loss, increased carbon emissions, and expensive infrastructure demands. In contrast, high-density apartment development offers a more sustainable approach, preserving green spaces, reducing infrastructure costs, and fostering walkable communities.
However, apartment construction is lagging, with only 661 units in developments of 25 or more starting in the first half of the year. To address Perth's housing crisis, a multifaceted approach is needed, including financial initiatives, property tax reform, supportive local planning, and shifting public perception of high-density living.
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