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Why are so many Australian houses sitting empty?
Manage episode 522517811 series 3589562
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No matter how tightly held your neighbourhood is... there's almost definitely at least one empty home on your street... or a long-time vacant lot nearby?
New research claims that the number of empty dwellings across Melbourne has risen dramatically... from more than 27,000 in 2023 to nearly 32,000 in 2024.
And across the country ... experimental ABS data suggests that up to 140,000 dwellings are sitting vacant.So, why would houses, apartments, and blocks of land be left sitting empty? And is there a way to utilise these properties to address Australia's housing crisis?
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