Providing affordable housing through urban renewal projects in Australia:

Abstract

This paper examined the impact of providing affordable rental housing through inner-city urban renewal projects in Australia. Providing affordable rental housing for lower-income households remains a challenge for planners, builders, policymakers and residents alike. Government intervention for inclusionary zoning in Australia has enhanced affordable housing supply but has also generated negative impacts such as NIMBY-ism, decreasing house price and urban sprawl. This study conducted in-depth interviews with housing and planning experts in affordable housing projects in Australia and evaluated the barriers and opportunities of providing affordable rental housing as stand-alone projects, or as part of urban renewal projects. This study found several existing challenges such as limited longevity of related policies and limited financing sources for renewal projects. The findings inform policymakers that the existing housing affordability issue can be tackled by adopting more innovative approaches such as negative gearing.