Many of Australia's iconic "three storey walk-up" unit blocks are old and in desperate need of modernisation.
Without external capital, however, the renovation bill has to be funded by the unitholders via strata levies.
At the same time, there are very few greenfield (or brownfield) residential development sites in our popular (and crowded) inner cities.
An innovative solution is to use airspace and literally go "up on roof".
Strata corporations can develop this space themselves (if they have the means), or sell the airspace to one of their members, or a property developer.
It's a win/win.
More information: https://www.buyairspace.com.au/