Industry applauds new sustainable public housing at Ivanhoe, but is the model sustainable?
Frasers Property Australia , Citta Property Group and Mission Australia have won the tender for the $2. 2 billion redevelopment of the Ivanhoe public housing estate in Macquarie Park, in north-east Sydney. The project is set to achieve high sustainability outcomes , such as carbon neutral operation , but while the news has been welcomed by many in the property industry , it has also raised questions about just how replicable this model of public housing funding is. The master plan for the 8.2 hectare site will see 259 existing low - density public housing dwellings demolished and replaced with more than 3000 dwellings built by the Aspire consortium, including at least 950 new social housing apartments and 128 affordable rental apartments . A non-government co- educational vertical high school , two 75- place childcare centres , a 120- bed aged care facility , 141 social housing independent living units and 132 private independent living units are also in the plans. Community f...