The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Interested in a Corporate TUD+ Membership? Access premium content, site tours, event discounts and networking opportunities
Interested in a Corporate Membership? Access exclusive member benefits today
Enquire NowEnquire
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Partner Lab
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OtherStaff WriterMon 19 Jun 17

Sydney Apartment Price Tag $150,000 Greater Than Melbourne

iStock-159317002_620x380

A survey by the Urban Taskforce has found that Sydney design standards add $150,000 to the cost of the average apartment.

Urban Taskforce CEO Chris Johnson said the Sydney standards were controlled by the State Environmental Planning Policy 65 and the NSW Government's Apartment Design Guide, which set standards for areas, solar access, cross ventilation and other requirements that end up adding around $150,000 to the purchase price of an average two bed apartment compared to a Melbourne equivalent.

With the help of Sydney planners HDC, architects Turner Studio and Quantity Surveyor John Ferrarin, the standards required between the various cities in Australia were measured, and found  the average two bedroom, two bathroom apartment in Sydney costing $750,000 could be bought for $600,000 if Melbourne standards were applied.

“The NSW / Sydney standards are from well-meaning planners wanting big apartments that get lots of sunshine, but these amenities come at a cost that is forcing many purchasers out of the market,” Mr Johnson said.

“The apartment dwellers of Melbourne and Brisbane are not very different from those in Sydney so the Urban Taskforce believes we should relax the Sydney standards particularly in urban precincts so more people can live an urban life in apartments.”

The Urban Taskforce identified the main different in costs was the square footage for a two-bedroom apartment in each state, where Sydney’s average two-bedder requires 75 square metres to meet design standards, whereas Melbourne apartments only need 65 square metres.

Mr Johnson said to help cut the cost different, Sydney apartments could reduce the requirements for cross ventilation, solar access in winter and building depth requirements, which adds $24,000 to the sales price in Sydney compared to Melbourne.

“A combination of more flexibility for above ground car parking that is well screened, excessive ceiling heights for kitchens, and lower floors along with additional open space all add up to a further $33,000 difference in costs over a Melbourne equivalent,” he said.

“All up, this amounts to more than $150,000 that Sydney apartment purchasers pay more than the Melbourne standards require.”

Mr Johnson said the Ubran Taskforce will expect the NSW Government to support changes to apartment prices in conjunction with the recently released 'Plan to Improve Housing Affordability' included as Policy 18: 'The Minister for Planning will issue guidelines to facilitate smarter and compact apartments.'

ResidentialAustraliaMelbournedo not useFinanceReal EstateSector
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Brains, Balls and Determination: How Salvo Property Has Shaped Melbourne’s Skyline

Marisa Wikramanayake
5 Min
Fraser and Partners founder Callum Fraser
Exclusive

Saving Our CBDs: Architect’s Blueprint Paves Way for Office-to-Resi that Works

Leon Della Bosca
8 Min
Exclusive

Watchdog’s Court Loss Throws Spotlight on Union Balancing Act

Clare Burnett
6 Min
Time and Place's The Queensbridge Building at 90 Queens Bridge Street in Melbourne's Southbank.
Exclusive

Innovation Keeps Time & Place’s Southbank Skyscraper Rising

Marisa Wikramanayake
6 Min
Breathe Architecture founder Jeremy McLeod in front of his Featherweight Home design
Exclusive

Nightingale Founder’s Bid for Affordable Architectural Kit Homes

Leon Della Bosca
7 Min
View All >
Westmead Gene Technologies Building EDM
Life Sciences

Plans for $272m Parramatta Biomedical Facility Go Public

Clare Burnett
West End Stockwell Vulture Street DA hero
Development

Stockwell Files Tower Plans in West End Stomping Ground

Phil Bartsch
Novus on Victoria Chatswood
Build-to-Rent

Novus Plots Second BtR Tower for Chatswood

Renee McKeown
Novus’ plans for a shop-top build-to-rent skyscraper on Sydney’s Lower North Shore have gone public as sector continues …
LATEST
Westmead Gene Technologies Building EDM
Life Sciences

Plans for $272m Parramatta Biomedical Facility Go Public

Clare Burnett
3 Min
West End Stockwell Vulture Street DA hero
Development

Stockwell Files Tower Plans in West End Stomping Ground

Phil Bartsch
3 Min
Novus on Victoria Chatswood
Build-to-Rent

Novus Plots Second BtR Tower for Chatswood

Renee McKeown
2 Min
Exclusive

Brains, Balls and Determination: How Salvo Property Has Shaped Melbourne’s Skyline

Marisa Wikramanayake
5 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/sydney-apartment-price-tag-150000-greater-melbourne