How many, or what percentage of, new dwellings is the maximum permitted by the NRAS in any one new complex/estate in NSW. Is there any Government legislation which stipulates/substantiates this? My reason for inquiring is that I found the following question and answer in your forum:-
Are there NRAS "ghettos"? (I know that the idea is to build where there is the most demand for affordable housing but in my searches there are suburbs that look to be over represented and could suffer from lower prices as the scheme winds down and investors sell off.)
NO. No more than 30% of any estate or development can be NRAS approved. In reality, most developments hold less than 15% NRAS approved property. Many hold less than 10%. There are exceptions for developments of 50 units or less, where 100% can be NRAS approved, but I have only ever seen ONE such development, in labrador, Qld. There may be a small number of others I havent come across, but the point is - NRAS is spread far and wide and it's rare to come across concentration levels above 15-20%.
Are there NRAS "ghettos"? (I know that the idea is to build where there is the most demand for affordable housing but in my searches there are suburbs that look to be over represented and could suffer from lower prices as the scheme winds down and investors sell off.)
NO. No more than 30% of any estate or development can be NRAS approved. In reality, most developments hold less than 15% NRAS approved property. Many hold less than 10%. There are exceptions for developments of 50 units or less, where 100% can be NRAS approved, but I have only ever seen ONE such development, in labrador, Qld. There may be a small number of others I havent come across, but the point is - NRAS is spread far and wide and it's rare to come across concentration levels above 15-20%.