PLANNING AGREEMENT POLICY 2009October 7th, 2009
FiledOctober 7th, 2009It is reasonable to assume that sharing a profit of around $230,040 (i.e. with 50% or $115,020 dedicated to affordable housing) would be an attractive proposition for a developer in this housing sub-market. Again, it is noted that a developer will ‘do the sums’ on the potential profit and will make a decisions regarding whether it is economically worthwhile to take up the density incentive.