Developers ‘laughing’ about windfall under NSW government’s planning changes, mayor warns

1 year ago 29

Eastern suburbs mayor criticises incentives for large developments involving 15% affordable housing

Sydney property developers are “laughing” about the windfall they will receive under proposed changes to the state’s planning rules, according to an eastern suburbs mayor, as debate continues on how to ease the housing crisis.

The Minns government announced on Thursday planning changes that will allow developers to build taller and denser buildings, and have them fast-tracked, in an attempt to increase the supply of affordable housing.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading...
Read Entire Article