Hon Steve Martin asks about the assessment of construction costs for affordable housing under Metropolitan Redevelopment Authority Development Policy 9, particularly regarding its suitability given recent cost increases. The answer indicates costs are agreed upon by involved parties and deemed fit for purpose.

AnsweredQoN 2105Legislative Council
Asked
13 August 2024
Portfolio
Housing

QuestionView source ↗

I refer to the Metropolitan Redevelopment Authority Development Policy 9, Affordable and Diverse Housing, and the sale of homes to government and community housing organisations at construction cost pricing, and I ask: (a) how is this construction cost currently assessed; and (b) is this assessment fit for purpose considering recent years of construction cost growth?

AnswerView source ↗

Answered
17 September 2024
Responded by
Minister for Agriculture and Food representing the Minister for Housing
Response time
9 days
(a)
Where social and affordable housing contributions are provided on site in applicable Redevelopment Areas, Development Policy 9 requires 12% of total dwellings to be provided to the Department of Communities or an approved Community Housing Provider. Due to escalating construction costs it is currently agreed between the parties.
(b)
Yes.

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