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The Guardian - AU

National

Anne Davies

Beachside apartments deemed ‘affordable’ cost $1,000 a week. Is the NSW policy helping renters or developers?

New South Wales Paul Keating Chris Murphy Leo Patterson Ross

Clovelly apartment block — A block of apartments in Clovelly where ‘affordable’ two-bedroom units rent for up to $1,000 a week. Photograph: Blake Sharp-Wiggins/The Guardian

A small block of units on Clovelly Road built in 2021 was granted extra floor space so the developer could add five affordable units, taking the total development to 13. The Sydney units, three minutes’ walk from the beach, with parking and a bus stop outside, are in a highly desirable spot.

But “affordable” they are not.

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