Australia losing 800 older houses a week

One writer highlights the demolition fate of numerous older homes in Australia:

A record 800 heritage and “character” houses are falling under demolition hammers each week, destroying miles of unique streetscapes and slicing billions off their value…

Original houses remaining in a streetscape transformed by a “McMansion” (a house or apartment considered to be ostentatious or lacking in architectural integrity) can lose between 10 and 25 per cent of their value from the loss of street appeal, say property specialists.

It could also be a short-sighted strategy for owner-developers because scarcity of character houses, which in many cases can be adapted to modern living requirements, will continue to increase their value, according to buyers’ agents (independent consultants acting for property purchasers)…

The “nightmare on main street” for home owners who want to retain the integrity of their neighbourhoods is worsened by the multiplicity of planning rules and codes, which often provide contradictory outcomes.

This sounds very similar to American arguments against teardown McMansions: (1) the large new homes often do not fit the character of the neighborhood; (2) this change in character affects the property values of people in the neighborhood; and (3) local governments and agencies are often limited in what they can or will do in response. Aesthetics is not an unimportant point nor is historic preservation but the economics work for someone (particularly builders/developers as well as the new owners, as noted above) if teardowns keep happening in American and Australian communities.

This article seems to appeal to local authorities to check the spread of teardowns; there are a variety of ways to combat McMansions.

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