As the median house price surges past $1 million, increasing competition for rental homes is pushing more people to the city’s fringes and beyond in search of affordable rents.
This week, in recognition of the growing problem, the government reassigned its key housing delivery agency, Landcom, to concentrate on this specific market: affordable rental housing.
The agency’s new agenda effectively places it at the centre of a broiling public debate over density, and the perception in some communities that their suburbs are already full.
Chief executive John Brogden, a former NSW Liberal MP and party leader, said Landcom would be “unashamedly opportunistic” in seeking out development opportunities – on both government and private land – to boost the supply of affordable rental housing.
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