Sydney's West Precinct: Affordable Housing Debate

0:00The latest headlines, weather and stories right here on Sydney News today. Sydney's Bay's West precinct is set for a major overhaul with bulk port operations moving out by 2030 and the site turning into high rise. Apartments up to 40 stories tall around a new metro station opening in 2032. The plan includes just 10 percent of new homes as affordable housing for key workers like nurses, teachers, paramedics, firefighters and police. The low market rents. This comes amid a severe housing crunch in western Sydney where population growth is heaviest and commutes are getting longer and costlier, especially with childcare shortages and empty nesters holding on to inner city homes. Critics argue the multi-million dollar price tags on most apartments over two million dollars each make the 10 percent target too low especially. Since the site is publicly owned land, they point to places like London where similar developments require up to 50 percent affordable units to keep essential workers close to their jobs.

1:03The shift stems from Premier Chris Minnes' late 2023 rezoning policy, which boosts density near transport hubs for up to 100, 70,000 new homes city-wide. Labor had pledged 30 percent affordable housing on surplus public land but scaled it back here to fund public perks like parks and nightlife. While 850 new affordable apartments sound promising, experts say it's far short of what's needed for a fairer Sydney, urging Boulder. Targets to end fringe only growth and support the workers keeping the city running. Quick thanks to today's sponsor, see the description for more. If sleep podcasts are your thing, this is your pillow, built for comfort and calm. to go www n l 50 p that dot dot dot county www dot not at n mer pl dot dot rush to at post ir sighsdon lot m dot dot dot steam yper x ll for p on go p at p i — dot Docker m dot dot typically h dot dot dort com pal dot p dot