The Minister for Housing and Urban Development recently issued a new Determination setting the price cap for “affordable housing”.
Importantly, the Minister’s recent Determination has increased these price thresholds as follows:
(click to enlarge table)
In addition there are criteria which can increase the price by up to 15% under the “Including 15% Affordable Housing in Your Development” guidelines.
Copies of the determination and the guidelines are available by clicking those links.
If you think this Determination might affect your development proposal, please contact James Levinson or Tom Game on 8212 9777.