Australian Property Investor
Planned communities, or Land Lease Communities, could offer impressive lifestyles for downsizers while generating much needed supply to help overcome the housing crisis.
Australia is amid a housing crisis, and the market in Western Australia has not been immune. The twin pressures of soaring demand and slow supply pipelines have created a market where too many people are priced out, stuck in homes that no longer suit their lifestyle, or simply unable to find secure, long-term accommodation.
UDIA WA believes part of the solution lies in increasing housing choice, and a housing model that is already proving its value on the eastern seaboard but remains underutilised here in WA is Land Lease Communities (LLCs).
These communities offer a more affordable, faster-to-market housing option, especially suited to older West Australians looking to downsize without compromising on quality of life. Importantly, LLCs have the potential to unlock thousands of family homes back into the market, homes that are currently underutilised by empty nesters and retirees.
To read the article in full, visit the Australian Property Investor.