NSW Treasurer Dominic Perrottet is being urged to remodel Sydney’s empty workplace area into inexpensive housing for key staff corresponding to police and paramedics in his push to revitalise the CBD.
However, main workplace landlords have insisted that staff are steadily returning after final 12 months’s preliminary COVID-19 lockdown and industrial area won’t stay empty within the long-term.
As the federal government prepares to carry a second CBD summit on Thursday to seek out methods to lure folks again into the town, NSW chief economist Stephen Walters said the CBD would never be the same.
Mr Walters stated daring concepts could be wanted in a post-COVID world, which might embrace accepting that some workplace area can be left empty as extra professionals select to maintain working from dwelling.
He stated one thought may very well be remodeling empty flooring of workplaces into residential area, which had been achieved in New York, Hong Kong and London.
The newest figures from the Property Council of Australia confirmed workplace buildings in Sydney had been solely 50 per cent full in March.
Mark Morey, the secretary of Unions NSW, has written to Mr Perrottet, saying Mr Walter’s suggestion “makes exceptionally good sense”.
“I believe this proposal could be further enhanced by ensuring at least 30 per cent of such housing provide a mix of affordable housing for key workers priced out of the Sydney market, and social housing,” Mr Morey’s letter stated.
“Numerous pieces of research illustrate the decline in housing affordability for key workers such as police, firefighters, paramedics, cleaners, and hospitality workers.”