Could building on top of older apartment blocks be one of the solutions to Australia’s housing crisis? Airspace above existing strata buildings is a $150 billion opportunity in Sydney alone according to one leading advocate.

Equally, is going up the only solution for the owners of these blocks? Given tight rental market conditions across the country, there’s also huge demand from investors wanting to purchase these blocks outright.

It’s a topic explored in this latest episode of Talking Property featuring Warren Livesey, Head of the Association of Rooftop & Airspace Development, and CBRE Metropolitan Investments Director Toby Silk.

They also delve into the opportunities for airspace development, not just above strata apartment blocks but also around hospitals, transportation hubs, fire and police stations to create key worker housing.

If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.

There are positive signals for the Australian real estate sector. Inflation is showing signs of moderating, interest rates appear to have peaked, employment remains resilient and cap rate expansion seems to be topping out. All of this is flowing through to improving investor sentiment.

But we’re still in a very volatile and uncertain geopolitical environment and China’s economic woes are heightening.

So, what does this mean for real estate? Find out in this latest episode of Talking Property: The House View as CBRE’s Phil Rowland, Pacific Advisory Services CEO, and Sameer Chopra, Pacific Head of Research, chat about pricing, investor intentions, the vacancy outlook, cost of living pressures, and some of their key predictions.

If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at talkingproperty@cbre.com.