The Age
·australia
·3 hours ago
Brisbane suburbs see surge in knockdown rebuilds amid rising costs
Brisbane's affluent suburbs are witnessing a surge in knockdown rebuilds, with builder Jay Flaskos attributing the trend to higher renovation costs. The Australian Bureau of Statistics revealed that 74 percent of demolished homes are replaced by single dwellings, impacting the city's housing stock amid a projected need for 209,000 new homes by 2046. Rising construction costs further complicate the landscape.
Summary by OZbrief · The Age
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