- Title
- The effectiveness of Landcom's housing affordability objectives for moderate income households: a case study in Western Sydney
- Creator
- Mak, Michael Y.; Edmonds, L. Stephen
- Relation
- Pacific Rim Real Estate Society (PRRES) 15th Annual Conference. Proceedings from the PRRES Conference 2009 (Sydney 18-21 January, 2009)
- Relation
- http://www.prres.net/Proceedings/2009proceedings.asp#authors
- Publisher
- Pacific Rim Real Estate Society (PRRES)
- Resource Type
- conference paper
- Date
- 2009
- Description
- In recent years, housing affordability has becoming a significant issue in Australia, and in particular housing affordability for Moderate Income Households (MIH) in Sydney has been reached a crisis point. There are a number of government initiatives to improve the housing affordability for MIH, for instances, by reducing lot or house size from the product supply side and by introducing finance models such as shared equity or government subsidy from the demand side. Landcom is a State owned developer chartered to deliver social and economic benefits to the people of NSW and it is endeavored to provide affordable housing for MIH. The aims of this paper are to examine the effectiveness of Landcom’s MIH housing affordability objectives using a case study in Western Sydney. The status of housing affordability in Australia will be first reviewed and Landcom’s MIH housing objectives will be then outlined. Five key objectives are identified for examination: (a) dwellings are delivered at affordable prices for MIH, (b) dwellings constructed below comparable market costs, (c) housing project that made commercial returns, (d) model replicable by most competent and innovative project home developers, and (e) achievable in functional and aesthetic criteria as well as best practice in social and environmental outcomes.
- Subject
- housing affordability; moderate income households; Landcom
- Identifier
- http://hdl.handle.net/1959.13/920430
- Identifier
- uon:9149
- Language
- eng
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