Low-cost ethical housing is in high demand, especially in fast-growing metropolitan cities where individuals cannot afford residencies that can accommodate their families as the costs of living skyrocket and neighborhoods become gentrified. Austin Maynard Architects is trying to address this housing issue in Melbourne with Terrace House, "a self-funded apartment building [...] which is low-cost, eco-conscious and has enough room for young families."
In total, this low-cost ethical housing variation features a total of 16 apartments and three ground-level shop units. Austin Maynard Architects wanted to bring "[apartment] qualities that typically wouldn't be affordable in inner-city apartments." This includes aesthetic and functional luxury such as high ceilings, sizable windows, and outdoor space.
Austin Maynard Architects' low-cost ethical housing is also a strategy to keep young professionals with families within the city rather than the suburbs.
Low-Cost Ethical Housing
Austin Maynard Architects Builds Low-Cost Housing in Melbourne
Trend Themes
1. Low-cost Ethical Housing - Austin Maynard Architects offers low-cost, eco-conscious housing for families, addressing the growing demand for affordable living in metropolitan cities.
2. Sustainable Architecture - Architects are prioritizing eco-conscious, sustainable design to create affordable housing options that help reduce carbon footprints.
3. Urban Revitalization - Low-cost ethical housing is fueling efforts to revitalize formerly neglected neighborhoods and make them viable places for young families to live.
Industry Implications
1. Architecture - Architects are using their skills to innovate and design affordable, eco-conscious housing that meets the needs of urban residents.
2. Real Estate - Developers are investing in low-cost ethical housing as a way to provide affordable housing options, while also contributing to the revitalization of neglected urban areas.
3. Social Services - Organizations are providing resources to help low-income families access low-cost ethical housing and assisting with necessary legal and financial preparations.