Brisbane city council plans to cut parking requirements in bid to slash $100,000 from housing costs

Policy backflip applauded by property and development groups but some doubt it will have significant effect on prices

Follow our Australia news live blog for latest updates
Get our morning and afternoon news emails, free app or daily news podcast

Brisbane city council is considering rolling back expensive car-parking requirements for developers in four inner-city suburbs in a bid to slash the cost of housing.

Economists and urban planners say car-parking minimum requirements add as much as $100,000 to the cost of an apartment and increase congestion.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading…







Leave a Reply

Your email address will not be published. Required fields are marked *

Generated by Feedzy