Brisbane's Micro-Apartment Debate: Affordable Housing or Investor Goldmine?

Brisbane's Micro-Apartment Boom: Affordable Housing Solution or Investor Windfall? Brisbane, Australia is facing a severe housing crisis, driving up rental costs and leaving many residents struggling to find affordable accommodation. A recent trend of converting houses into micro-apartments has emerged as a potential solution, but its impact remains controversial. Real estate developer Kevin Doordney argues that these units, renting for upwards of $400 a week, provide a win-win situation for both landlords and tenants. "The ethics of that really don't come into play because the tenant's winning, the owner's winning," he claims. However, Tenants Queensland expresses concerns that micro-apartments do not address the core issue of affordable housing. The cost of a powered tent site in the same suburb is $450 a week, highlighting the relative affordability of these micro-units. Doordney counters that the micro-apartments are fully furnished and include utilities, offering a comfortable and cost-effective option. The debate highlights the complexities of addressing the housing crisis, balancing the needs of investors with the urgent need for affordable housing.