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Affordable housing

November

Heavyweights anchor Conscious IM’s $200m housing fund

Conscious’ long-time backer, the Paul Ramsay Foundation, is cornerstoning the new fund while Rich Lister Terry Snow’s foundation has also written a cheque.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Jewish demonstrators calling for Hamas to free its hostages in Sydney last weekend.

Cost-of-living crisis is a social crisis too

An economically pessimistic society finds it a lot harder to repair and renew itself in other ways.

  • John Roskam
Grollo Group has secured a 73-year sublease on the 12-hectare Bogong Village in Victoria’s alps and plans to have as many as 500 beds for workers on the site.

Grollo’s AGL deal points to $1b key worker housing portfolio

The family company that has managed housing for Mount Buller workers for years is eyeing a future of institutional investment in 10,000 beds.

  • Michael Bleby

October

From apartments to standalone houses: Specialist disability housing can take many forms.

Lighthouse gets $130m social loan from CBA, NAB

Specialist disability housing could grow to be a $10 billion sector but it could also boost the development of a new loan asset class.

  • Michael Bleby
Mixed tenure: Artist’s render of Local’s under-construction 477-unit build-to-rent project at 350 Macaulay Road in inner north-western Melbourne’s Kensington., which will include 22 affordable homes, 11 social homes and eight two-person specialist disability accommodation units.

Local boosts social, affordable housing, backed by Macquarie

While governments are trying to boost the country’s stock of social and affordable homes, some developers are already doing it – and taking a first-mover advantage.

  • Michael Bleby
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Laying the groundwork: Demolition work has already begun at the low-rise South Yarra public housing estate ahead of awarding of the new PPP contract.

Tetris Capital, Icon to take on project for 1400 Victoria homes

The success of the state government’s first so-called ground lease model has prompted it to repeat the process on a larger scale, costing up to $850 million.

  • Michael Bleby
In Victoria, there are more than 50,000 people and their families waiting for public housing.

Affordable housing generates $45,000 benefit for each tenant: study

The upside of improved travel times, more leisure spending and better productivity from affordable housing schemes could provide a $64 billion boost to the economy, an EY study for Aware Super found.

  • Hannah Wootton
NSW Premier Chris Minns and Prime Minister Anthony Albanese visit a social housing development in Riverwood.

Minns rules out Victorian empty homes tax for NSW

NSW Premier Chris Minns will tackle housing affordability by building more homes, rather than imposing ‘use it, or lose it’ measures on landowners to boost supply

  • Samantha Hutchinson
A new way: Nightingale Housing CEO Dan McKenna on Tuesday.

Height bonus lets developer boost affordable housing

A new agreement shows how councils and developers can increase key worker housing development - at no extra cost.

  • Michael Bleby

September

Andrews ignored advice to axe stamp duty in housing plan

The state’s 800,000 new home push ignores tax measures that could free up existing housing stock – but that would mean a loss of lucrative stamp duty revenue.

  • Michael Bleby
Sign of the future: Render of the under-construction 400-unit AXA IM Alts Westmead Health and Innovation Precinct project, which will be managed by SGCH.

Affordable housing mandates can work for developers, SGCH says

Without enforcement of affordable housing mandates, voluntary schemes such as density bonuses are unlikely to get much traction, advocates say.

  • Michael Bleby
Swinging the axe: NSW Treasurer Daniel Mookhey

Mookhey cops ratings agency doubts about budget surplus pledge

Ratings agencies have poured doubt on NSW Treasurer Daniel Mookhey’s pledge to return NSW’s finances to surplus after his first budget revealed almost $8 billion to boost public sector wages and baked in expensive election promises.

  • Updated
  • Samantha Hutchinson
Prime Minister Anthony Albanese and Victorian Premier Daniel Andrews on the roof of the Royal Exhibition Building in Melbourne on Tuesday.

‘Derelict’ Melbourne towers to go in 1.2m new homes plan

Two 1960s-era social housing blocks in Carlton will be ripped down and rebuilt in one of the first projects of the Albanese government’s plan to deliver new homes.

  • Patrick Durkin
Rob Pradolin.

The new way to unlock ‘hundreds of millions’ for affordable housing

The first national platform for affordable housing would also show for the first time where around the country all the homes were located.

  • Michael Bleby

Global funds giant PGIM revs up co-living housing plans

Global property funds powerhouse PGIM Real Estate has joined forces with the founders of trendy modular hotel chain Tribe to roll out a portfolio of co-living facilities, at the affordable end of the growing build-to-rent sector.

  • Nick Lenaghan
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Victorian Premier Daniel Andrews on Thursday said he expected his state to pick up a “healthy share” of the $3.5 billion federal housing fund.

The housing game – who’s in it for the money?

Australia is adopting a new policy of carrots as well as sticks to get states building more homes. But while money helps, the biggest motivator is a changing political environment.

  • Michael Bleby

Affordable housing mandates would backfire, developers say

As Australia’s largest states gear up to reform their planning systems, there’s a battle under way over how far the changes will go.

  • Michael Bleby
Labor’s housing plan aims to entice super funds to invest in social and affordable housing.

HAFF opens door to super fund investment in housing

But whether the $3.5 trillion pension industry bankrolls the scheme, which passed parliament on Thursday, will depend on the investment mandate.

  • Hannah Wootton
Super fund Hesta, ANZ and Treasury Corporation of Victoria are funding the $210 million mixed-tenure development managed by Super Housing Partnerships in Melbourne’s Kensington.

Planning risks hold up affordable housing investment, super funds say

The government needs to reform planning laws to entice the investors it needs to achieve its “ambitious” goal of building 1.2 million homes in five years.

  • Michael Bleby and Hannah Wootton

Property veterans lean in on affordable housing challenge

Commercial property leaders are stepping up to the challenge of providing affordable accommodation to those who need it. 

  • Robert Harley