Value add

As the cost of land continues to grow, each square metre of dirt needs to work harder. These multi-use additions show how clever, agnostic spaces can add value.

STEPHEN CRAFTI

“Being behind the house makes the space quieter and feel more secluded. And if a guest is here, they can come and go with access from the laneway.”Reno Rizzo Housing prices have increased dramatically over the last few years, with growth rates not seen since the early 2000s. This time, the amounts paid for run-down shacks can be as staggering as modest single-fronted terraces. In the last year, Sydney prices went up around 20 per cent, with Brisbane following closely behind at 19 per cent. Melbourne’s growth at around 13 per cent is as eye-watering when one contemplates how expensive real estate already was before these dramatic price increases. It’s not surprising that people who are now fortunate to own their own homes are keen to make the most of…

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Habitus (Digital) - 1 Issue, Habitus #53 - TBC

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