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.
The NSW government is proposing 9,400 new homes in Sydney’s eastern suburbs over the next 20 years, with high-rise buildings planned around railway stations. The draft rezoning plan covers areas near Edgecliff and Woollahra stations, allowing buildings up to 34 storeys. While the government aims to address the housing shortage by locating homes near jobs and transport, the success of the plan depends on developer interest and buyer affordability.
- 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%.
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