Axe apartment car parking rules to ease housing crisis: Grattan
Grattan Institute recommends scrapping mandatory car parking requirements for new apartments, arguing these rules increase housing construction costs and worsen the housing crisis.
Should apartment car parking rules be removed to cut housing costs?
Affects builders and developers by potentially reducing construction costs and regulatory requirements for apartment projects, making developments more financially viable.
Key takeaways
- Mandatory off-street parking rules for apartments increase construction costs for new housing developments.
- Grattan Institute calls for removal of car parking requirements in apartment buildings.
- Policy change could make apartment construction more financially viable for developers.
- Reform is proposed as one solution to address the current housing supply crisis.
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