Business News
Townhouses are emerging as an attractive option for developers and consumers amid housing affordability challenges and risks around multi-residential projects.
While building approvals for semi-detached dwellings fell in the five years to 2021, recent industry moves show this housing type is rising in popularity.
Analysis by Perth property consultant Urbis of Australian Bureau of Statistics data shows that, in 2017, approvals for semi-detached homes comprised 11 per cent of total residential approvals in Perth, compared with 4 per cent in 2021.
ABS census data shows Perth on par with Melbourne in relation to the percentage of housing stock defined as semi-detached row or terrace housing, at close to 17 per cent.
To read the full article including comments from UDIA WA CEO Tanya Steinbeck, click here.