The high-end apartments that cost $2.4 million to buy, or just $100 to rent

The developer, Traders in Purple, now have two other such projects in the planning process in Sydney, in Padstow and Villawood, and hope it will be the template moving forward for mixing private and public housing.

“This is a genuine attempt at having a mixed demographic where a real sense of community can be built between those tenants and private purchasers of apartments. Traders in Purple have two other such projects in the planning process in Sydney, in Padstow and Villawood, and hope it will be the template moving forward for mixing private and public housing.

Purchasers have already snapped up 80 per cent of the two- and three-bedroom apartments for sale off the plan and have proved perfectly willing to live among less well-off tenants in the units owned by Housing Trust and the NSW Land and Housing Corporation.

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Brisbane council to hike rates on short-stay rental propertiesBrisbane City Council will deliver an ultimatum to property owners renting homes or apartments on short-stay accommodation platforms: deliver them back to the rental market or face a 50 per cent jump in their rates. Good Well done, Council! Other local Councils and the state government should follow this example! It’s a HousingCrisis and that means shirt stays and air B&Bs have to go! That will breach our constitution. It is the same for all who live in the same government jurisdiction or it's invalid. READ THE CONSTITUTION!
Source: brisbanetimes - 🏆 13. / 67 Read more »