In Australia, the house design can be purchased for US$1
The Australian government is concerned about rising real estate prices. To stabilize the situation, they introduced a new initiative for developers. This initiative allows developers to quickly receive approval for a house design and begin construction sooner.
New South Wales, like other regions of the country, has a serious housing shortage. This shortage is driving up prices and making real estate less affordable for buyers. High demand and limited supply are exacerbating the problem. Therefore, the local government has decided to take action.
The authorities are offering ready-made house designs for just US$1, and it now takes only 10 days to approve them. Previously, this process took much longer. The new procedure helps avoid delays in the planning stage and speeds up construction.
Prime Minister Chris Minns considers this initiative a significant step toward solving the housing problem. According to him, the program primarily targets young people. Many of them want to buy their first home, but they lack the necessary funds. Thanks to these innovations, the process will be easier and faster.
House design initiative features
The Australian government is offering eight model designs under the new program. Experienced architects worked on each option. The goal was to create comfortable, well-designed layouts.
The proposals include houses with terraces, townhouses, and estates. Each project costs only US$1 for the first six months. This is especially beneficial when you consider that the usual price can reach US$20,000.
In addition to the project itself, the developer receives additional bonuses. For example, they receive free landscape design services. This approach improves the site’s appearance and contributes to biodiversity preservation in accordance with the region’s climate.
It’s worth noting that using approved models of objects is a practice that has already taken place in the country. Most residential neighborhoods in Sydney adhere to this principle. Therefore, the authorities are confident in the approach’s effectiveness.
The projects took into account several requirements:
– attractive appearance;
– convenient and understandable layout;
– ease of construction;
– cost-effectiveness.
Additionally, sustainable construction and energy efficiency standards took precedence. The architects paid particular attention to designing the facades. These new buildings will transform streets and improve the visual appearance of cities.
Such projects are approved using a simplified system. This accelerates all bureaucratic processes and allows for a faster transition to construction. As a result, developers can respond more quickly to market demand.
The program is part of a large-scale package of real estate market reforms. The goal is to increase the construction of medium- and low-rise housing near developed transportation hubs.