Affordable housing project priced above market rate

It was trumpeted by the developer as ‘a major step forward in relieving the acute shortage of affordable housing in the northern rivers’.

But as the ‘Kollective’ unit development at 116 Stuart Street, Mullumbimby, hits the market this week, some locals are wondering whether it is making the affordable housing situation better or worse.

It throws into question councillors’ eagerness to approve anything presented as ‘affordable’ and the effectiveness of such policies.

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Source: The Echo