Affordable housing contributions form a condition of development consent.
The contribution requirements effective as at 1 March 2022 are:
On-site: 3% of the total residential floor area must be provided as affordable housing.
Monetary: $299.58 per square metre of the total residential floor area.
On-site: 1% of the total non-residential floor area must be provided as affordable housing.
Monetary: $99.82 per square metre of the total non-residential floor area.
Contribution rates quoted in a development consent will be indexed to ensure they reflect the costs associated with providing affordable housing units over time. The rates are indexed yearly on 1 March, based on the established house price index for Sydney, for the previous year using arithmetic averages of the quarterly index numbers.