Archived news articles of interest
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Bulldozing affordable Sydney flats for luxury builds makes people ‘extremely cynical’ about development. Federal independent MP Allegra Spender warns that ‘affordable’ units, in some suburbs fetch up to $1,000 a week
The Guardian 12/12/2025 -
Despite more homes being built, the affordability of homes has not improved. There are various factors, rezoning increases land value, new apartments are not as affordable as older housing, new developments are being placed in prime locations, even though a larger supply should on the face of it reduce prices.
Read the full article here or download a pdf here.
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As the NSW developer bonus leads to older buildings being knocked down to make way for new, low-cost renters fear they are being priced out of their neighbourhood
The Guardian 2/11/2025 -
Developers flock to build ‘affordable’ housing – but are poised to reap benefits while tenants could pay 50% of post-tax income in rent
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Keating says proposal to build a luxury apartment building, which former NSW premier’s lobbying firm is acting for, will result in a loss of affordable housing
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The NSW Government’s policy of encouraging high-density housing has proved a bonanza for the former premier’s advisory business.
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NSW is desperate for more houses, but the drive is away from from Sydney’s fringe to wealthier suburbs where profits are higher
The Guardian 11/10/2025 -
NIMBYs, YIMBYs unite against $100m Packer-backed Potts Point project that slashes the number of affordable home
Australian Financial Review 8/10/2025 -
A developer submitted plans to knock down the Chimes building on Macleay Street and replace the 10-storey block’s 80 studio and 1-bedroom apartments with a 9 storey tower containing about 31 luxury homes.
Up to 5 of the apartments (15%) would be set aside for 15 years as “affordable housing”, available at a sub-market rent to moderate-income earners.
In exchange for this the LMR mechanism allows the developer to boost the construction up to 13 storeys.
Sydney MP Alex Greenwich said the approval of a project that results in the loss of around 70 genuinely affordable homes is “…the most perverse use of the affordable housing policy imaginable”. He went on that “At a time when we need more affordable housing, not less, property developers are having a laugh at Sydney’s housing crisis, and the government’s flawed affordable housing policy is essentially evicting essential workers to make way for millionaires,”
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In an Australian first, the state will guarantee the pre-sale of up to 5,000 apartments, which it claims will allow developers to get finance to build 15,000 new homes over five years.
The scheme is designed to combat the feasibility problems inhibiting development, as the state falls behind its targets for building homes.