Knock down a few, build one: in NSW that counts as a gain for councils’ housing targets

Exclusive: metrics reflect gross addition to supply, even as unit blocks in affluent Sydney suburbs are being replaced by luxury single properties

• Get our morning and afternoon news emails, free app or daily news podcast

Luxury homes built on the site of former unit blocks in Sydney are counting towards council targets for new dwellings, even where they have reduced the available housing stock by displacing multiple properties.

A swathe of interwar apartment buildings in Sydney’s eastern suburbs and inner city face the wrecking ball, to be replaced with modern residences, as Guardian Australia revealed on Wednesday.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading...

from World news | The Guardian https://ift.tt/4xX3eBJ
via IFTTT