Home Approvals for Medium Density Housing

According to the research by Bankwest 38% of all home approvals over the  past year were for medium-density housing, up from 31% five years ago." This research shows that medium density housing, townhouse, units, and semi-detached homes are increasing especially capital cities. The report was based of ABS statistical subdivisions, compared to five years ago, there is an increase in the share of medium density housing in more than 2/3 of the 204 local areas.

According to Chief Executive Bankwest Retail, Vittoria Shortt, "Affordability and tight rental markets had shifted the focus of Australians to higher-density living". With the rental market tightening across the country and significant rental increases, medium density housing is starting to look more and more attractive, she added. The trend towads units and townhouses is increasing on capital cities and Perth bucks the medium density trend and the only state capital where the share of medium density approvals has not increased. But still Perth is still recovering and maybe next year the housing stability will be flattened.