Podcast | Future Cities

Talking Property | Is the Only Way Up?

22 Minute Listen

A low angle showing the exterior architecture of an apartment building.

Could building on top of older apartment blocks be one of the solutions to Australia’s housing crisis? Airspace above existing strata buildings is a $150 billion opportunity in Sydney alone according to one leading advocate. 

Equally, is going up the only solution for the owners of these blocks? Given tight rental market conditions across the country, there’s also huge demand from investors wanting to purchase these blocks outright.  



It’s a topic explored in this latest episode of Talking Property featuring Warren Livesey, Head of the Association of Rooftop & Airspace Development, and CBRE Metropolitan Investments Director Toby Silk.

They also delve into the opportunities for airspace development, not just above strata apartment blocks but also around hospitals, transportation hubs, fire and police stations to create key worker housing.

If you have any questions regarding this episode or property topics that you’d like CBRE to address in future episodes, please email us at [email protected].

Featuring

Warren Livesey

Airspace Development Specialist

Warren is the visionary behind Buy Airspace and the Association of Rooftop & Airspace Development. Buy Airspace is at the forefront of the flourishing trend of airspace development, which entails constructing new residences on top of existing buildings. Their primary focus is collaborating with strata owners to facilitate the sale of their airspace to developers who are keen on erecting new homes. The proceeds from these transactions can be allocated towards building repairs, sustainability enhancements, or distributed among the owners themselves. Warren has actively participated in over 75 property developments since 2008.


Toby Silk

Director, Metropolitan Investments, New South Wales

Toby heads CBRE’s Metropolitan Investments Team in Sydney's North, specialising in the sale of commercial investment property and development site sales across Sydney's Lower North Shore, Upper North Shore and Northern Beaches. He brings his clients local knowledge with global reach ensuring they receive the highest level of service coupled with complete market coverage to guarantee the best outcomes. Over the past 12 years, Toby has developed an extensive track record and client base, cementing his position as a leading agent in Sydney's commercial property market.

Kathryn House

Pacific Communications Director, CBRE

Kathryn joined CBRE in 2007 following a 15-year career in property journalism working for some of Australia's leading newspapers, including the Australian Financial Review and the Sydney Morning Herald. She works closely with CBRE’s CEO and senior executive team to promote the company’s brand, platform and corporate values.

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