The New South Wales government has proposed a new Metropolitan Strategy for the Sydney area which would significantly weaken the urban containment policy (also called urban consolidation, smart growth, livability, growth management, densification, etc.) that has driven if house prices to among the highest in the affluent New World (Australia, Canada, New Zealand and the United States) relative to household incomes. read more »
Urban Growth Boundary
Making Stuff Up at Atlantic Cities
Editor Sommer Mathis over at The Atlantic Cities has taken to making stuff up. In a recent post she reported on a dispute in the city of Seattle over minimum parking requirements relating to multi-unit buildings. She said: read more »
Australia Central Banker: Higher House Prices a "Social Problem"
Glenn Stevens, the Governor of the Reserve Bank of Australia expressed concern about the growing gap in housing affordability in the nation to a parliamentary committee on Friday. Stevens raised questions about the cost and supply of housing, asking:
"How is it that we can't add to the dwelling stock for the marginal new entrant more cheaply than we seem to be able to do," he asked. read more »
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Property Values 11 Times Higher Across Portland's Urban Growth Boundary
One of the starkest impacts of smart growth policies is the huge differentials in property prices that occur on virtually adjacent properties on either side of an urban growth boundary. read more »