SCA (NSW) will be partnering on a new research project with the University of NSW called ‘Renewing the Compact City: Economically feasible and socially sustainable approaches to urban redevelopment in a multi-stakeholders environment’.
The two-year project, which has been awarded funding from the Australian Research Council, will investigate a key challenge facing stakeholders in areas targeted for renewal in Australia over the next 30 years: how to renew older areas of multi-unit housing, providing not only economically but also socially viable solutions within a market context and enable all stakeholders to benefit from the coming city redevelopment.
Professor Bill Randolph, A/Professor Pinnegar and Dr Hazel Easthope from City Futures will be working on the grant. Other project partners are Urban Growth NSW, NSW Fair Trading, the Owners Corporation Network of Australia and the Australian College of Community Association Lawyers.
Strata Community Australia (NSW)
Australian College of Community Association Lawyers
The Owners Corporation Network of Australia
NSW Fair Trading
This research project will investigate a key challenge facing city planners in Australia over the next 30 years: how to renew older areas of multi-unit housing, providing not only economically but also socially viable solutions within a market context and enable all players –developers, policymakers and residents – to benefit from the coming city redevelopment.
The research has three main aims:
1. To identify the location, scale, market value and social profiles of the strata sector in designated urban renewal areas across greater metropolitan Sydney.
2. To establish the issues raised by strata renewal: legal, financial and institutional hurdles, market drivers, consumer perspectives and attitudes.
3. To assess the process of termination and renewal for socially equitable outcomes.
Project Stages and Timeline
Stage 1: Establishing the market context (July 2013 to October 2014)
- Identify, map and analyse the market profile of strata development across Sydney
- Assess the potential for strata renewal under current market conditions
Stage 2: Establishing the issues (March to December 2014)
- Key stakeholder interviews
- Community survey
Stage 3: Managing the process (August 2014 to May 2015)
- 3 scenario building workshops: to develop scenarios for fair and sustainable redevelopment of strata schemes
- 6 community workshops: to test scenarios with communities in identified case study areas.