Developers warn mandated affordable housing will cut supply as states chase national cabinet's 1.2 million homes in five years. NSW offers a 30 per cent floor space and height bonus for projects with 15 per cent affordable housing. UDIA's Maxwell Shifman said inclusionary zoning has repeatedly reduced supply overseas.
As I told the Australian Financial Review: “Inclusionary zoning might sound like an attractive idea on paper to some, but it has been proven time and time again internationally to reduce new housing supply”
I also said: “If governments are focused on uneconomic quid pro quos to solve the housing crisis, they will have no chance of coming close to the federal targets.”
Australian Financial Review, 16 September 2023 — Read the full article