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Industry group rejects inclusionary zoning benefits

Property Markets / Outlook

Australia

Apr 15 2018

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Property development industry group Urban Taskforce says inclusionary zoning measures would not improve Sydney’s housing affordability, despite suggestions by the Australia Housing and Urban Research Institute's to the contrary.

The taskforce says the Affordable Rental Housing State Environmental Planning Policies, which gives an uplift in floor space to developers if affordable apartment rentals are also built, would have a better result. 

"AHURI proposes an inclusionary zoning system that can only lead to forcing apartment costs up," Urban Taskforce chief executive Chris Johnson told the Australian Financial Review.

"We should be getting other building types like detached houses, commercial and retail developments to contribute to affordable housing rather than add an extra cost to the most affordable dwellings in the city."

 

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