Newspaper article The Northern Star (Lismore, Australia)

Micro-Apartments; New Regulations Limiting the Size of Buildings

Newspaper article The Northern Star (Lismore, Australia)

Micro-Apartments; New Regulations Limiting the Size of Buildings

Article excerpt

A CONTROVERSIAL decision passed on 9 April 2015 will see new apartments in Sydney be up to 35 per cent larger, raising concerns that a restriction of this kind will have a domino effect, slowing innovation and further increasing housing prices.

The latest regulations mean that one-bedroom apartments must be a minimum of 58 square metres, a big difference when considering micro-apartment ranges from as little as 11.5 to 50 square metres.

Size restrictions of this kind mean that fewer apartments are able to be built in a given space. Considering the current high demand for city living, and the flow-on effect for investors, it is easy to see how apartment prices will continue to sky-rocket due to this decision.

Micro-apartments are a growing trend in other highly-populated cities world-wide. In New York City, micro-apartments, which were previously prohibited under zoning restrictions, are now in the pipeline. Apartments of this kind are also popular in other major cities such as London, Tokyo, Singapore and Warsaw. The popularity of these apartments is rising due to the high demand for inner-city living.

Micro-apartments may also be a potential solution to Sydney's affordability crisis, as their size means more dwellings are able to fit in a smaller space at a more affordable price. …

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