Episode Details

Assemble Communities, a developer known for its ethical approach, has been approved to reduce affordable housing units in two projects by two-thirds, switching them from below-market rents to full market price. The company, majority-owned by super funds, is ditching its rent-to-own plan for young buyers and opting for corporate-owned rentals. The local council opposed the move, but planners approved it, claiming the new ten-year rental discounts still provide more value. Critics argue this is a bait-and-switch tactic, using affordable housing pledges to secure approvals and then increasing profits.

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