Australia’s governments hope to ‘solve’ the housing crisis by pushing residents into living in high-rise apartments. However, high-rise apartment approvals have collapsed, as illustrated in the following chart: High-rise apartment approvals have decreased 63% nationally since their 2015 peak, with sharp declines in New South Wales (-74%), Victoria (-68%), and Queensland (-60%) being the main
The post Australia faces apartment supply crunch appeared first on MacroBusiness.