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What’s old is new again: how this international trend could ease Australia’s housing crunch

“The greenest building is the one that already exists.”

Greenway Views retirement village in Canberra
Greenway Views retirement village in Canberra is a glowing example of what can be achieved with repurposed buildings. (Image source: LDK Seniors' Living)

Australia’s cities are grappling with a growing mismatch between real estate supply and demand.

Residential vacancies have dropped to just 1.1 per cent nationwide as of March 2025, intensifying already critical housing shortages across Australia’s capitals. Compare this to commercial property where, despite strong demand, a steady stream of new office developments has driven CBD office vacancy rates

to 13.7 per cent as of early 2025, with non-CB…

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