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Local governments and property law experts are urging state governments to exercise their authority to compel owners of vacant and dilapidated properties to either utilize them or face penalties. This initiative aims to address Australia’s housing crisis by potentially increasing the availability of housing options.
Advocates emphasize the detrimental impact of empty and neglected properties on the housing market, rental prices, and property values. By prompting owners to put these properties to use, they hope to alleviate some of the pressures on the housing market.
The call for state intervention highlights the urgent need for innovative solutions to the ongoing housing shortage and the importance of maximizing existing property resources.
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