The announcement by the NSW Government that the redevelopment of the Ivanhoe Estate will be undertaken by the private sector demonstrates the way forward for the renewal of social housing estates, says the Urban Taskforce.
“The announcement by Premier Berejiklian and Minister Goward that the Ivanhoe social housing estate will be renewed through the leadership of the private sector is good news,” says Urban Taskforce CEO, Chris Johnson. “This is the way of the future for the renewal of social housing estates where significant density uplift enables the private sector to triple the number of social housing dwellings to 950 as well as providing 128 affordable housing units. The private sector will build around 2,000 market based apartments as well as contributing $120 million towards social and community infrastructure.”
“The private sector winners of the tender for the Ivanhoe renewal include Urban Taskforce member Frasers Property Australia who developed the successful Central Park project which is a similar, but more urban, precinct. The Ivanhoe precinct will include a new high school and residential aged care along with child care centres. Just like the Central Park development a whole community will be created at Ivanhoe with all the facilities needed as well as being located close to jobs and transport.”
“It is good to see the NSW Government taking a lead in developing greater densities to help with Sydney’s housing affordability. It is only through responding to the big swing to apartment living in Sydney that sufficient uplift can occur to housing projects at a level that subsidises affordable and social housing.”
“The Urban Taskforce encourages the NSW Government to take a similar approach to affordable housing across Sydney by ensuring there is sufficient density uplift to subsidise a component of affordable housing.”
“The Ivanhoe project has taken a long time to be realised and we urge the government to fast track the next projects that are part of the Communities Plus program including Waterloo, Arncliffe, Telopea and Riverwood.”