Developers ‘laughing’ about windfall under NSW government’s planning changes, mayor warns
by Mostafa Rachwani from World news | The Guardian on (#6C75B)
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.
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