PremiumLaura ChungNew York Times·17 Jun, 2026 01:24 AM5 mins to readA decommissioned electrical substation on the main thoroughfare near Bondi Beach in Sydney, Australia. Photo / Adam Ferguson, The New York TimesIn a country where the housing market is squeezed, decommissioned electrical substations are in demand as refurbished residences.
Bits of metal poked through the floor, paint peeled from the walls and “caution” signs warned visitors to watch their step on the uneven floor. The building was dark inside. Yet one
