9,400 New Apartments in a Small Part of Sydney’s East—But Who Can Afford Them?
But rezoning land for thousands of apartments is one thing, finding developers willing to build them is another.
TL;DR
- NSW government plans 9,400 new homes in Sydney's eastern suburbs.
- High-rise towers up to 34 storeys planned around Edgecliff and Woollahra railway stations.
- The rezoning covers 168 hectares and aims to place homes near jobs and public transport.
- Affordable housing contributions from developers will range from 3% to 15%.