A Housing NSW eight storey seniors development in Wollongong will be ready by September, on time and on budget. Earmarked as seniors housing, the $17m project had to be scaled back after public protest over the scale of the buildings proposed. The site was bought by the NSW Land and Housing Corporation in November 2009 for $2.94 million, almost $1 million more than Sienna Investments paid for the site in 2002.
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The latest AN-ACC prices and weightings, released late last Friday, confirmed what many feared: after an initial uplift, the clawback has begun. Operators who saw gains since AN-ACC’s 2023 launch now face funding being stripped back.