Greenfield markets and land affordability
journal contributionposted on 04.05.2017 by Birrell, Bob, Keane, Colin
Any type of content formally published in an academic journal, usually following a peer-review process.
All state planning authorities have stipulated that greenfield development remains important in metropolitan land markets because of its role in providing affordable housing for new home owners. This article analyses the performance of the greenfield industry in Melbourne, Perth, Sydney and South East Queensland (SEQ) according to this criterion. It shows that only in Perth is the greenfield industry now capable of meeting this objective. As a result, the outlook for new home buyers in Melbourne, Sydney and SEQ is bleak. Copyright. Monash University and the author/s