<a href="https://www.apartments.com.au/developers/draycon">Draycon Building</a> is nearing completion of Boutique Chevron Island, a 42-apartment development on the northern end of Chevron Island at 17–19 Parneno Street, with a limited-time offer of fully furnished apartments available.

Now more than 90 per cent complete, <a href="https://www.apartments.com.au/buildings/boutique-chevron-island-17-19-parneno-chevron-island-qld-4217">Boutique</a> has been shaped by one of the Gold Coast’s most tightly held island addresses, where riverfront outlooks and walkable access to Surfers Paradise converge.

For Draycon Building Managing Director Howard Dabit, the appeal of the site was immediate.

“I knew it was a good site as soon as I saw it,” Dabit said.

“The position and location on the north end of <a href="https://www.apartments.com.au/developments/chevron-island-qld-4217">Chevron Island</a>, the way the river swirls around the site basically from the north to the east, it feels like the site is surrounded by the water. The height that we’ve got and the aspect looking north is beautiful. Eighty per cent of the apartments are looking north so they get that drenching sunlight coming in.”

[smartcode_project:default project_id=89709 project_image_fid=360922]

That northern orientation places the development within a stretch of Chevron Island defined by open river aspects and skyline views, while remaining embedded in the suburb’s established village setting.

Chevron Island has increasingly drawn owner-occupiers seeking centrality without the intensity of high-rise beachfront living. Positioned at the geographical centre of the Gold Coast, the island offers direct access to both the beach and key cultural infrastructure while retaining a neighbourhood-scale character.

Connected by bridge to Surfers Paradise, Chevron Island offers walkable access to beaches, riverfront parklands and a revitalised foreshore boulevard animated by walkers and cyclists throughout the day. The Pacific Ocean is only minutes away, reinforcing the suburb’s dual river-and-surf identity.

At the same time, Thomas Drive forms the spine of the island’s village life, delivering cafés, wine bars, casual dining and everyday services within easy reach. Independent grocers, wellness operators and neighbourhood retailers contribute to a community atmosphere that remains distinct from the vertical scale of the beachfront.

[smartcode_project:default project_id=89709 project_image_fid=360915]

In the opposite direction, the Green Bridge links directly to HOTA – Home of the Arts – placing galleries, performance venues and parklands within walking distance. Weekly markets and major exhibitions draw visitors from across the region, while residents return to a quieter residential pocket at day’s end.

Public transport, including nearby bus routes and the G:link light rail corridor along the coastal spine, strengthens connectivity north and south. Griffith University, the Gold Coast University Hospital precinct and established private schools such as The Southport School are all within a short drive.

Ongoing investment across Surfers Paradise, HOTA and the broader Southport corridor has elevated amenity while preserving Chevron Island’s comparatively low-rise residential character. It is this balance, walkable village atmosphere paired with metropolitan-scale infrastructure, that continues to differentiate the suburb from higher-density beachfront precincts.

Boutique comprises just 42 residences, designed to maximise river and skyline outlooks within this tightly held island setting.

Boutique Chevron Island is slated for completion in April 2026, with prices starting from $1,220,000.

[smartcode_project_cta:default project_id=89709]

Joel Robinson

Draycon Building’s Boutique Chevron Island places 42 residences at the heart of the Gold Coast

Sydney developer <a href="https://www.apartments.com.au/developers/deicorp">Deicorp</a> has secured planning approval for a $300 million residential development in Lindfield, marking the company’s second project on Sydney’s North Shore and its first on the Upper North Shore.

Located on Beaconsfield Parade and designed by DKO Architecture, the state significant development comprises three buildings of up to 10 storeys and will include 399 residences, including 59 affordable homes and 40 adaptable homes.

Residences will range in size from one, two and three bedrooms, with two-bedroom apartments accounting for over 60 per cent of the product make-up. Residents will have access to a broad suite of amenities, including a wellness area, indoor and outdoor recreational spaces, a pool, a gym, a community room and a golf simulator.

In line with Deicorp’s long-standing focus on creating transit-oriented communities, the project is located just 260 metres from the Lindfield Train Station, reinforcing its role in delivering well-connected housing close to established infrastructure, retail and local services.

The inclusion of affordable and adaptable housing supports greater diversity within the local market, while the mix of apartment types responds to demand from downsizers, young professionals and families seeking access to the Upper North Shore.

Deicorp Founder Fouad Deiri OAM said the approval represents an important milestone for both the company and the suburb

“This approval allows us to deliver well-designed homes in a location that is already supported by strong transport and community infrastructure," Deiri said.

"Our focus is on creating places that integrate into their surroundings and provide long-term value for residents, and the broader Lindfield community. Being within walking distance of the station ensures this project supports sustainable growth in the right locations."

Across its portfolio, Deicorp currently has 4,703 apartments under construction, playing a leading role in shaping connected, liveable communities across Sydney.

Its expanding portfolio of Metro-linked developments includes Tallawong Village, <a href="https://www.apartments.com.au/new-apartments/kings-bay-village-five-dock-53-75-queens-road-five-dock-nsw-2046">Kings Bay Village</a> in Five Dock, <a href="https://www.apartments.com.au/new-apartments/hyde-metropolitan-sydney-133-141-liverpool-street-sydney-nsw-2000">Hyde Metropolitan</a> in Sydney CBD, <a href="https://www.apartments.com.au/new-apartments/falcon-alexander-crows-nest-8-alexander-street-crows-nest-nsw-2065">Falcon &amp; Alexander</a> in Crows Nest and Showground Village, Castle Hill.

Deicorp purchased the Beaconsfield Paradise site last year. Construction is scheduled to commence in Q2 of 2026 and will be completed in 2029.

Deicorp expands portfolio to nearly 5,000 apartments with Lindfield project

In a joint venture with The Trump Organization, Australia developer Altus Property Group has announced plans to bring a Trump International Hotel &amp; Tower to the Gold Coast, marking the first Trump-branded project in Australia.

"Trump International Hotel &amp; Tower, Gold Coast is our first official project in Australia and reflects our unwavering commitment to delivering world-class luxury experiences in iconic locations around the world," Eric Trump, Executive Vice President of The Trump Organization, said.

"This development exemplifies the Trump brand’s dedication to quality, sophistication, and unmatched service, and we are thrilled to bring this vision to the vibrant Gold Coast community."

The 91-storey building, which will become the tallest in Australia at 335 metres, will feature a&nbsp;285-room luxury hotel bearing the trademark Trump logo. It will also include 272 luxury residential apartments, a three-level podium with an exclusive Beach Club, and over 3,400 sqm of premium commercial, retail, and dining space, revitalizing the central Surfers Paradise precinct.

“Trump International Hotel &amp; Tower, Gold Coast will be a truly unique offering in the Australian market, bringing the prestige and allure of a world-class luxury brand,"&nbsp;Altus founder and chief executive David Young said.

"Altus Property Group is proud of its track record in delivering landmark developments across Australia, and our expertise ensures this project will be an outstanding success."

Trump Hotel heads for the Gold Coast to become Australia's tallest building

More than a century after the Corrimal Coke Works first opened in 1912, the industrial landmark that helped shape the suburb is being reinterpreted as a walkable residential neighbourhood, with Stage One of <a href="https://www.apartments.com.au/new-apartments/the-works-stage-one-27-railway-street-corrimal-nsw-2518">The Works</a> now underway at 27 Railway Street.

For 102 years, the site was central to <a href="https://www.apartments.com.au/developments/corrimal-nsw-2518">Corrimal</a>’s economic and social identity before operations ceased in 2014. Rather than erasing that legacy, developer Legacy Property has embedded it into the masterplan, retaining and reinterpreting elements such as the iconic 1912 brick chimney and sections of the original C1 Coke Oven Battery, alongside the adaptive reuse of the former powerhouse building.

Stage One will introduce 181 apartments across low-rise buildings, offering predominantly two and three-bedroom residences with completion targeted for mid-2027. The scale and configuration reflect a deliberate focus on owner-occupiers, targeting those seeking a lower-maintenance home in a prime location within the northern suburbs of Wollongong.

[smartcode_project:default project_id=143415 project_image_fid=359833]

Apartments have been designed to maximise natural light and cross-ventilation, with floor-to-ceiling glazing extending living areas onto generous balconies. Engineered timber flooring, induction cooktops and 900mm ovens in larger residences support everyday functionality, while two interior palettes allow buyers to tailor finishes to their preferences. The material selection draws on a restrained coastal language, intended to connect homes to their surroundings rather than compete with them.

The Works forms part of a broader 18-hectare masterplan that will ultimately deliver around 550 dwellings, new parks, and a heritage precinct celebrating the site’s past. More than seven hectares are dedicated to open space, including Southern Park and a Village Green with community gardens and recreation areas. The creek corridor is being rehabilitated with 150,000 native plantings, restoring biodiversity to the site and softening landscape.

[smartcode_project:default project_id=143415 project_image_fid=359841]

Positioned adjacent to Corrimal Station and within walking distance of Corrimal Town Centre, the precinct places daily essentials, rail connections and local retail within easy reach. Wollongong CBD, including the hospital, university and entertainment venues, sits approximately 6.5 kilometres to the south.

For buyers more familiar with North Wollongong, Corrimal offers a different proposition: a well-established coastal suburb framed by beaches to the east and the escarpment to the west, with a strong sense of local identity shaped in part by the former Coke Works. The Works seeks to reinforce that identity by creating a connected, walkable neighbourhood between coast and escarpment, rather than a standalone apartment complex.

Sustainability underpins the development approach. The Works is targeting Wollongong’s first 5-Star Green Star-rated community, with water-sensitive urban design, recycled materials and energy-efficient buildings integrated across the masterplan. For residents, these measures provide not only environmental benefits but also reduced operational costs and future resilience.

[smartcode_project:default project_id=143415 project_image_fid=359842]

With construction commenced and display materials available to view, prospective buyers can now engage more directly with the project’s vision, reviewing floorplans, material selections and the broader masterplan in detail. For many local homeowners weighing a move, the opportunity to experience how heritage, landscape and contemporary design intersect may help bridge the gap between familiarity and the next chapter.

As Stage One progresses toward its mid-2027 completion, The Works represents a significant chapter in Corrimal’s evolution, transforming a site that once powered local industry into a walkable residential precinct designed for its next generation of residents.

[smartcode_project_cta:default project_id=143415]

Legacy Property’s The Works reimagines Corrimal’s century-old Coke Works

When it comes to developing in Melb​ourne's Bayside region, <a href="https://www.apartments.com.au/developers/lowe-living">Lowe Living</a> knows exactly what buyers want.

With a longstanding presence in the area and a string of sell-out projects, Lowe Living consistently delivers developments that are as sought-after as their predecessors.

Their latest instalment is in <a href="https://www.apartments.com.au/developments/hampton-vic-3188">Hampton</a><a href="https://www.apartments.com.au/developments/hampton-east-vic-3188">&nbsp;East,</a> the same postcode where they have previously delivered Hampton Hill and Oceano. The developer-builder recently commenced construction on its newest project,&nbsp;<a href="https://www.apartments.com.au/new-apartments/marella-hampton-31-35-alicia-street-hampton-east-vic-3188">Marella</a>, a collection of 32 apartments just five minutes from the beach.

Site acquisition is paramount to success. Lowe Living rarely brings a building to market that isn’t within walking distance of essential amenities, whether it be the beach, a prominent retail strip, or a train station. Marella is no exception, located at its Alicia Street address, less than a kilometre from the retail heart of Hampton Street and Hampton Station.

[smartcode_project:default project_id=146197 project_image_fid=358495]

Equally important to Lowe Living is the architecture.

For Marella, they appointed <a href="https://www.apartments.com.au/architects/cera-stribley-architects">Cera Stribley</a>, who explains that the architectural vision was to create a contemporary reinterpretation of the Californian bungalow, a style that’s iconic to Hampton’s heritage.

"By borrowing, abstracting, and reinterpreting elements of this quintessential style, such as strong datum lines, articulated columns, exposed structures, and roof tiles, our design strikes a balance between modernity and familiarity," says Cera Stribley.

"This approach ensures that the development is not only visually appealing but also contextually sensitive, resonating with Hampton's existing architectural landscape."

[smartcode_project:default project_id=146197 project_image_fid=358499]

The building features terracotta brick, soft cream masonry, and exposed metal detailing, giving it a tactile presence that is intended to weather gently over time.

Internally, the focus on lasting quality continues, with two and three-bedroom residences anchored by sculptural stone kitchen islands, natural light, and clearly defined transitions between living, dining, and outdoor spaces.

The layouts have been carefully designed. Open-plan zones extend to private balconies, with light-filled interiors and generous kitchen proportions, supported by Miele wall ovens, induction cooktops, and integrated fridge-freezers. These are not small apartments rebranded as luxury; they have been designed at scale, with ample storage, hotel-style entry access, and secure basement parking provided as standard.

[smartcode_project:default project_id=146197 project_image_fid=358492]

At the uppermost level, Marella’s Signature Collection penthouses offer city or bay views, large entertaining terraces (some with outdoor spas), and elevated finishes, including fully wrapped stone kitchen benches and a Liebherr wine fridge.

Flexible room arrangements allow for a fourth bedroom or secondary living space, sought-after by both empty nesters who want the space when family visits and families with older children.

[smartcode_project:default project_id=146197 project_image_fid=358498]

A residents’ lounge on the ground floor reinforces the project’s small-community feel. With a fireplace, private dining area, and adjoining terrace, it’s one of several shared spaces that balance amenity with privacy and scale.

Construction has commenced, with completion expected in early 2027.

[smartcode_project_cta:default project_id=146197]

Lowe Living continues Bayside legacy as Marella rises in Hampton

Social Class

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GUEST OBSERVATION
Australia as a nation has never been richer. But it is now also more unequal than at any time since the early 1980s. This inequality takes many forms, not least between suburbs and neighbourhoods. And our research suggests the few celebrated examples of famous Australians who emerged from disadvantaged neighbourhoods are the exceptions to the rule for children who grow up in them.
The Dropping Off The Edge research program, started by the late Professor Tony Vinson in the early 2000s, identifies the most disadvantaged suburbs and local government areas in each state and territory. This shows that as few as 3% of communities bear a disproportional burden of disadvantage. They are characterised by low rates of education and employment, and high rates of disability, criminal convictions and poverty.
Children growing up in these disadvantaged communities enjoy few opportunities for upwards social mobility when compared with peers in more affluent suburbs. And, significantly, the children of low-income families in better-off suburbs have higher aspirations and know what they need to do to achieve those.
Our recent research with young people in Sydney, Melbourne and Adelaide shows children in disadvantaged communities are not only more likely to live in poverty, but are also less likely to have access to sports clubs, libraries and other recreational and arts facilities, which those in more affluent suburbs appear to take for granted. Their schools are also less likely to offer extracurricular activities that enable young people to engage with others who live in different areas and have different life experiences.
Most young people see these activities as fun and a good way to connect with other young people. However, the implications for young people’s life chances of missing out on these activities stretch far beyond recreation.
‘Soft skills’ and social mobility
As Nobel Prize-winning economist James Heckman states: "Conscientiousness, perseverance, sociability and curiosity matter."
While these “soft skills” can be learned in the home and in the classroom, they are reinforced and embedded in structured out-of-school activities. Parents who recognise the long-term benefits of these activities often invest heavily in their children’s participation in them.
For young people in low-income families, access to these activities is made difficult by not being able to afford registration fees, uniforms and other equipment, or even the petrol for transport to the activities. For young people in low-income families living in disadvantaged suburbs, these challenges are multiplied.
Affluent suburbs tend to have good opportunity structures – a combination of physical facilities, institutional support and social networks that provide access to education, jobs and other valued opportunities. Poor suburbs often lack these opportunity structures.
While poor suburbs often abut more affluent suburbs with good opportunity structures, our research suggests young people in the disadvantaged suburbs do not often feel welcome there. As one girl told us when asked if she mixed with young people in the better-off neighbouring suburbs: "No, but if I did, I know it would be my fault."
Her worry is that if her interactions with better-off counterparts end in a conflict, she will be accused of something.
Young people in better-off suburbs, on the other hand, regarded their less well-off neighbours as in need of remediation. When one young man was asked if he went to the youth club in the neighbouring disadvantaged suburb where they offered a range of short workshops (for example; hip hop or graffiti skills), he replied: "Oh there, no! That’s for troubled kids."
These comments capture the social exclusion that keeps young people living in disadvantaged suburbs from connecting with young people in more affluent suburbs, or using facilities near them.
Neighbourhood overcomes lack of money
Not all poor kids live in poor suburbs. We talked with several young people living in low-income families in affluent suburbs who did take part in a range of recreational activities. Their parents struggled to pay registration fees, buy the right equipment and have petrol to take them to activities, but they were able to cobble together arrangements. Often the support of other parents helped with their children’s participation.
The contrast in outlook and aspirations between these young people and those living in the disadvantaged suburbs was notable. Most of the young people in the disadvantaged suburbs who we spoke with had low aspirations for their future careers. But most young people from low-income families in the more affluent suburbs aspired to university and knew what they needed to do to get there.
These differences in opportunities and aspirations underline how life chances are connected to young people’s community contexts as well as their individual and family situations. Young people’s perceptions of these contexts, the people they meet in their out-of-school lives and how they understand the possibilities of their own futures all have impacts on their capacity to take up opportunities.
In order to have equal access to opportunities that improve life chances, young people in the most disadvantaged suburbs need to have access to and feel welcome in the same opportunity structures that are available to more advantaged young people. This demands investment in recreational facilities and a focus on a culture of inclusion in these facilities. Redressing this problem also requires policies that reduce inequalities more broadly, so that progressively fewer suburbs can be defined as “dropping off the edge”.<img src="https://counter.theconversation.com/content/102640/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;">
Gerry Redmond, Associate Professor, College of Business, government &amp; Law, Flinders University
Jennifer Skattebol, Senior Research Fellow, Social Policy Research Centre, UNSW
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/young-australians-prospects-still-come-down-to-where-they-grow-up-102640" target="_blank">original article</a>.
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j.ballantyne1990-6AQqhLzZaK

Young Australians’ prospects still come down to where they grow up

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GUEST OBSERVATION
Crime and insecurity are deeply entrenched in some cities. While we have rankings of the most dangerous cities in the world, this does not give a clear picture of how and why dangerous spaces develop in cities.
We are analysing case studies from cities in France, Colombia, Brazil and Australia to understand the factors that lead to insecurity, and to examine possible solutions.
Risks of ghettos in Australia
Australian cities aren’t immune to the dangers. While there is no clear upward trend in crime nationally, the social polarisation and concentration of certain crimes in parts of the cities of Sydney and Melbourne are cause for concern. As a result, New South Wales and Victoria are the states with the highest rates of unlawful entry and armed robbery.
Sydney in particular is experiencing a “ghettoisation effect”. Social polarisation between suburbs is increasing. Another issue in Sydney’s western suburbs is domestic violence.
While crime rates here are much lower than in cities in Latin America and France, we need to be mindful of how neighbourhoods can become dangerous through neglect by planners and policymakers.
What can we do about it?
Social disorganisation theory has dominated research in this field. Central to this approach are neighbourhood mechanisms to reduce crime and disorder.
Some have criticised this theory for not considering the influences on crime of the larger urban political economy. Political and economic decisions may have direct effects by increasing unemployment, residential instability (via planning and housing policies) or population density (via zoning policies).
Reducing crime is also the job of planners. Research has shown, for instance, that better planning can reduce the tragedies of domestic violence.
Incentives at the city scale – such as tax breaks and policies to decentralise public services and promote economic activity in poorer outer suburbs – need to be twinned with strategies to foster social integration at the neighbourhood level.
Latin America: a focus on Colombia and Brazil
Violence and high crime rates have created stark divisions in some Latin American cities. Residents have responded with several strategies to feel safe at home.
In Argentina, crime rates soared after the political and financial crisis of 2001. Citizens started building barricades and fortified their living environments with all types of security devices. Gated communities became the preferred type of housing, especially for upper-middle-class groups who could afford it.
However, gating and security devices have not been successful deterrents to crime. The strategies that have succeeded are linked to encouraging more social integration, shared use of public space, and less opposition to and marginalisation of “the other”.
“Social urbanism” policies in cities like Medellín, Colombia, and Rio de Janeiro, Brazil, have led to dramatic reductions in crime. The idea of these interventions is not only to physically upgrade housing and public space, but to improve social outcomes.
In Medellín, public space was improved in some of the poorest neighbourhoods, which included new infrastructure. Alleys were upgraded, to make walking easier and increase safety, and the famous escalators were built. The community manages these escalators, which improve access to the upper areas of neighbourhoods and help create safer environments.
<img src="https://images.theconversation.com/files/217392/original/file-20180503-83693-dfjkg9.JPG?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=237&amp;fit=clip" alt="">
One of the escalators managed by the local community in Medellín. Sonia Roitman. Author provided
The installation of aerial public transport (“metrocable” cable cars) also improved access and helped integrate these areas with the city centre. This in turn led to greater awareness of their existence and less prejudice against them as areas of marginalisation. Residents of other areas who wouldn’t normally travel through these poor neighbourhoods became more aware of them while using public transport.
In the case of Brazil, the Favela Bairro program to upgrade slums in Rio de Janeiro in the late 1990s succeeded in integrating favelas with the city to improve living conditions and reduce crime rates.
For such projects to succeed it is essential to have community participation, engagement and buy-in.
Urban policy in France
The 2005 riots in French cities were the results of both structural issues, such as unemployment and police violence, and long-term social and spatial segregation.
Since the 2000s, the “action on places” paradigm has dominated urban policy. Its goal has been to tackle spatial inequality, with the National Agency for Urban Renewal (ANRU) playing a central role.
In exchange for state funding, cities had to commit to eradicate old social housing projects and build new residential buildings.
Previously, the policy for “deprived neighbourhoods” allowed elected officials and local representatives of the state a larger choice of strategies. These included renovation, positive discrimination, mediation, and the development of local community-led initiatives.
The urban renewal policy, launched in 2003, restricted the range of strategies. It is now criticised because it changed the urban form of neighbourhoods without really changing the social issues.
Today, the possible avenues for action are more diverse. Efforts are concentrated in the most deprived neighbourhoods, with employment, education and security as the budget priorities.
Build on existing social ties
Many strong social ties exist in these so-called deprived neighbourhoods. One promising avenue for action, but which currently attracts the least investment, is to focus on the strengths of those neighbourhoods. This can be done by supporting local initiatives, especially those led by women.
In the book Remake the City, two French researchers stress that it is illusory to think that solutions imposed from above can prevent ghettoisation. They see a need to learn from the experiments carried out in Latin America and in the United States. In the US, the rise of the “community development corporation” has helped to turn negative situations into experiences that foster social integration at the neighbourhood level and present a more positive image of the “ghetto”.
<img src="https://counter.theconversation.com/content/94418/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">Even if the contexts are very different, these examples show that the factors at work in places at risk of ghettoisation need to be analysed at different scales. Solutions need to integrate bottom-up actions with strong engagement from communities and a policy rethink on the structural drivers of strong social and spatial segregation in cities.
Sebastien Darchen, Lecturer in Planning, The University of Queensland
Gwendal Simon, Assistant Professor of Planning and Urban Planning, Université Paris-Est Marne-la-Vallée (UPEM)
Sonia Roitman, Senior lecturer in Development Planning, The University of Queensland
This article was originally published on <a href="http://theconversation.com" target="_blank">The Conversation</a>. Read the <a href="https://theconversation.com/when-neighbourhoods-become-dangerous-look-to-local-strengths-for-a-lifeline-94418" target="_blank">original article</a>.
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When neighbourhoods become dangerous, look to local strengths for a lifeline

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<img src="https://counter.theconversation.edu.au/content/66976/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
The relentless housing boom in Australia’s cities, especially Melbourne and Sydney, is often framed as an intergenerational conflict in which younger generations are being priced out of the market by baby boomers.
However, sociological theories of social class suggest parents’ wealth and social status will eventually be passed onto their children anyway.
So, by focusing on intergenerational inequalities that will eventually be reversed, we are framing the housing affordability question the wrong way. At the same time, the impact of the housing boom is so deep that some long-established ideas about social class may be no longer relevant.
The housing boom has blurred existing boundaries between upper, middle and lower classes that applied to the baby boomers and previous generations. New social class boundaries and formations are being produced.
This does not mean younger generations, as a collective, are disadvantaged compared to their parents. Rather, these younger generations will be subdivided differently and more unequally.
<h2>The renting class</h2>
In the industrial city, the term “working class” was defined by the experiences of low-income workers in manufacturing jobs. Yet in a post-industrial Australian city it makes more sense to talk about the “renting class”. 
Not all renters are poor, and not all poor households are private renters. However, the correlation between the two is significant and strengthening. The proportion of private renters in the total population is slowly but surely increasing – from 20.3 percent in 1981 to 23.4% in 2011. 
Simultaneously, public housing – once a symbol of the working class – is undergoing a dramatic demise.
Largely abandoned by the state to fend for itself, with weak regulation for security of tenure or rent control, the renting class faces the unrelenting burden of ever-rising rents. The average renter paid 19 percent of their income on rent in 1981. In 2011, this proportion increased to 26.9 percent. 
And, in 2014, around 40 percent of low-income private renters were in housing affordability stress, paying more than one-third of their income on housing. 
With hardly enough “after-housing” disposable income to meet basic living standards, savings for retirement is almost impossible for the low-income renter. And with little or no wealth to assist their children to buy a home, the renter’s social class status is likely to be passed from one generation to the next.
<h2>The home-owner class</h2>
More than just a status symbol, home ownership has become increasingly central to the way most Australians accumulate wealth. About half of the home-owner’s wealth is held in their own home. Each housing boom enriches them further through tax-free capital gain on their homes.
The housing boom also creates work in the construction industry, which is the third-largest employer in Australia with more than one million workers. These are no longer working-class occupations, with most skilled jobs paying average weekly earnings of close to A$1,500. So, it is arguably the home-owner class that benefits most from each construction boom. 
One consequence of the housing boom is that a growing cohort of moderate-income households is now priced out of home ownership. Had they been born a generation earlier, they would have probably been able to afford a house. Now it is beyond their reach. 
Over the years, as their rents rise and their wealth stagnates, the gap between the renter and a home owner will become unbridgeable. Their experience of retirement will be worlds apart. 
One lifeline for this cohort is the prospect of inheriting some of the housing wealth of their baby boomer parents. But when this will happen is highly uncertain.
<h2>The housing elite</h2>
The housing elite is rewarded by the housing boom well beyond the capital gain on their own homes. Much of the massive wealth of Australia’s elite is generated through the housing market – through investment, construction and financing of housing. 
Harry Triguboff, Australia’s third-richest person, earned his fortune in the apartment development business. So did the three youngest entrants into the 2016 BRW Rich List. Their entry marks the rising importance of housing in the making of Australia’s super-rich. 
The top 20 percent of the wealthiest Australians hold most of their wealth in their home and in other investment properties. They also hold significant wealth in the sharemarket, which is commanded by big banks whose portfolios are heavily dominated by housing loans. Each housing boom significantly adds to their wealth.
Social class, however, is more than just financial wealth. The wealthiest Australians secure their social class position by living in exclusive suburbs where they are able to associate with the right people and live an elite lifestyle. The astronomical prices of houses in some of these suburbsensure their hermetically exclusive nature. 
<h2>Breaking the loop</h2>
None of these social class categories is natural or universal. These categories will not apply in some European countries, for example, that have very different housing systems.
The deepening fusion between Australia’s housing system and its social class system creates a dangerous cycle. The further house prices grow, the more important housing becomes as a determinant of social class. And when social class is increasingly defined by housing, people are willing to bid even higher to enter home ownership or the housing elite.
Unless we break this cycle, Australia will continue in its path of becoming a more polarised society, with a weakened renting class, an impenetrable elite, and a shrunken home-owner class between them.
Ilan Wiesel is lecturer in Urban Geography, University of Melbourne and author for The Conversation. He can be contacted <a href="https://theconversation.com/profiles/ilan-wiesel-303040" target="_blank">here</a>.
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