Inner city vacancies drive urban sprawl, affordability crisis

Karl FitzgeraldCampaignsLeave a Comment

The 2009 I Want to Live Here report reveals how speculative vacancies are overlooked in housing supply analyses. “Inner city suburbs such as Richmond (7.40%), Princes Hill (8.76%) and Flemington (8.83%) had Genuine Vacancy Rates more than five times greater than the REIV’s vacancy rate of 1.4%” stated Earthsharing Australia spokesperson Karl Fitzgerald. “By including speculative vacancies and under-utilised properties … Read More

I Want to Live Here Report 2009

Karl FitzgeraldCampaigns, Commentary5 Comments

Vacancies in Melbourne Report Andrew Sadauskas EXECUTIVE SUMMARY – Broad Scope: Our research evaluated 652,695 properties across 23 different municipalities in the western, inner, southern, and south eastern suburbs of Melbourne. This represents nearly half of Melbourne’s 1,471,155 private dwellings. – Genuine Vacancy Rate: The Genuine Vacancy Rate includes all vacant properties, including those not on the rental property market … Read More