Affordable housing is a big issue for many city councils, especially those in Sydney. Woollahra Municipal Council, which has some of the highest land values in the nation, recently prepared a Briefing paper on potential measures to facilitate affordable Housing in the Woollahra LGA. The report notes that the Greater Sydney housing market is recognised as one of the least affordable in the world, ranked second only behind Hong Kong as the least affordable in the 13th Annual Demographia International Housing Affordability Survey: 2017. In light of this, Woollahra Council is exploring opportunities to increase the delivery of affordable housing, particularly to cater to essential workers who live in the area. This important document can be found here.
