Providing housing options for our younger generations

Col DuttonSponsored
UDIA WA President Col Dutton.
Camera IconUDIA WA President Col Dutton. Credit: The West Australian.

In recent years we have seen the rise of a new phenomenon to combat the “NIMBY” or “not in my back yard” movement known as “YIMBY”, and this positive concept is spreading around the globe.

“YIMBY” or “yes in my back yard” is a movement that started in New York and San Francisco and encourages positive attitudes toward sustainable growth and ‘good’ development in our cities to benefit future generations.

It is about recognising the human aspects of urban growth and focusing on the need for more housing in major cities to increase accessibility and affordability and encourage quality, appropriate development in the right places.

There are four key urban development qualities that are promoted by the YIMBY movement, including design excellence, innovation, sustainability and community dividend.

Younger generations are embracing the YIMBY movement as affordability and land supply constraints increasingly limit their ability to enter the housing market. There are official YIMBY groups popping up in a range of cities to represent residents who are supportive of housing diversity and affordability.

Most recently the Orlando YIMBY group was established by a group of locals tired of seeing housing projects blocked by neighbours who were unwilling to support any new development. The group says they want Orlando to be an affordable and inclusive community that anyone can call home.

The overarching idea being that the provision of more housing in established areas will allow younger generations to attain homeownership in locations that are close to their employment, family or general areas that they want to live.

With Census data revealing that there has been a decline in homeownership in Australia for people aged under 55, it is now even more imperative that we support young people into purchasing their own homes.

Part of that objective will be to recognise what younger generations, such as the millennial generation, want in relation to their home.

Millennials are likely to value places that offer a sense of community, walkability and access to public transport, digital accessibility and the potential to blend residential and commercial uses. They are also less likely to use a private vehicle.

The YIMBY movement, as it continues to grow, is a champion for our younger generations seeking affordable and appropriate housing that fulfils these needs.

It will be the role of government and private industry to address how we can continue to adapt so that we are providing the right land and housing to meet those needs.

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