Developers or renters? The real winners out of affordable housing schemes
Property developers in Australia are reaping benefits from government-backed affordable housing schemes amid a rental crisis. New South Wales billionaire James Packer's firm plans to replace The Chimes apartment block with luxury homes and affordable units, despite critics arguing the project risks decreasing overall affordable housing. Nearly one-third of Australians rent, highlighting the urgency for genuine affordability.
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Summary by OZbrief Editorial · ABC News – Top stories · Source
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Published 13 Jul 2026, 18:43 UTC · Updated 13 Jul 2026, 18:50 UTC
Summary by OZbrief Editorial. Original report: ABC News – Top stories. Editorial policy · Corrections
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