Could you live in an apartment this small?
Melbourne is often touted as one of the worldâs most liveable cities.
But a growing trend of smaller and poorly-conceived apartments will threaten that status if regulations arenât tightened, say officials.
Comparatively, in Sydney, recently-passed minimum size requirements angered some who believe they will further drive up the already astronomical housing prices.
⢠Money wonât make you happy
⢠New building height restrictions
⢠Changing jobs? Read this first
Melbourneâs problem has been on the radar of officials since 2013, when a Future Living discussion paper outlined the decreasing quality of CBD apartments.
âA lack of clear planning policy outcomes together with current BCA requirements is resulting in poor apartment quality in Melbourne,â argued the paper.
As well as bedrooms with no natural light, low ceilings and second bedrooms just five metres squared, the paper outlined the difficulty of performing simple everyday tasks such as sitting to eat at a dining table or getting dressed with the wardrobe open.
The paper partly blamed the booming investment market in Melbourne for turning apartments into âfinancial commoditiesâ rather than homes.
âApproximately 85 per cent of apartments in the City of Melbourne are being bought by investors,â it said.
A recommendation by Victoriaâs State Architect to increase the minimum size of Melbourne apartments to 50 square metres is yet to be approved, while Sydney recently approved a mandatory minimum of 58 square metres, meeting protest from those already struggling with the current average apartment price of $568,000.
Itâs not all bad news for apartment living in Melbourne, however, with developer Cbus Property currently working on âAssemblyâ, a small group of apartments with a boutique focus in North Melbourne, as well as the recently-completed 88 Alfred Street in Milsonâs Point, Sydney â a 123-apartment complex featuring generous open plan living areas and master bedrooms facing the inimitable Sydney Harbour.
During his tenure, ex-New York City mayor Michael Bloomberg championed the value of micro apartments for increasing living options in an overcrowded city and recently the cityâs first âmicro-unit buildingâ was completed, with units starting at just 24 metres squared.
Although tiny, the apartments are touted to have all the natural light, ventilation and amenities one needs, albeit on a far smaller scale.
With over 4000 applications per apartment received, itâs clearly not just size that makes an apartment, but thoughtfulness of design too.
This article has been brought to you by Cbus. Read the relevant Cbus Product Disclosure Statement to decide whether Cbus is right for you.
Contact 1300 361 784 or visit www.cbussuper.com.au for a copy.
Cbusâ Trustee: United Super Pty Ltd ABN 46 006 261 623 AFSL 233792 Cbus ABN 75 493 363 262
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