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New flats in Sydney 'getting sm...

New flats in Sydney 'getting smaller'

New flats in Sydney are getting smaller, according to new figures.

With the rising price of properties it seems that in Sydney's popular north and south-west areas new flats are becoming smaller in order to cut costs.

Under new proposed state government planning regulations apartments in these growth areas could be built above garages in order to meet the housing demands of the estimated extra 500,000 people who will require homes in these regions by 2038.

Planning minister Brad Hazzard explained in a statement this week that the proposed changes followed a government - commissioned economic analysis of housing in these areas and added that similar plans could be rolled out across the state if successful.

He went on to say: "The current constraints have meant we were not achieving our dwelling targets for the growth centres - these changes will help get us back on track."

The proposals would see the minimum standard block size of 250 square metres downsized to 225 square metres, with those located in high density areas half the original minimum size.

Posted by Steve Douglas

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