Important Information for New Boarding Houses Owners
"Are you aware of the new laws regarding the approval of new boarding houses moving forward under SEPP 21?"
The NSW Government has made major changes to the legislation regarding the DA approvals of new boarding houses as stipulated in Division 2 Section 26 in SEPP21
To put it in simple terms, all new boarding houses are classified as affordable housing in perpetuity. Under this classification, all new boarding houses WILL HAVE TO BE managed by a community housing provider (CHP) as stated in the relevant legislation.
As a CHP provider, Cubic Housing has the capacity to manage your prized asset for you. We also encourage boarding houses owners that falls outside of this legislation to speak to us as we can provide the most specialised services to you.
Please give us a call today for a FREE consultation.
Under the NEW Housing SEPP 21, boarding houses:
must be used for affordable housing in perpetuity
must be managed by a registered community housing provider in perpetuity
attract a 25% floor space ratio bonus (on land where residential flat buildings are permitted with consent)
must meet minimum standards for communal living areas, communal open space, and landscaping
must demonstrate compatibility with the character of the local area or the desired future character for areas under transition.
Management of Boarding Houses- Boarding houses must provide affordable housing in perpetuity and must be managed by registered community housing providers (CHPs). Registered CHPs must apply the NSW Affordable Housing Ministerial Guideline
Cubic Real Estate have assisted a lot of private clients over the years as an asset manager in managing their boarding houses investment. Moving forward, the NSW Government is requiring all new boarding houses to be managed by a Community Housing Provider (CHP). Cubic Real Estate is proud to announce that we have acquired this CHP license and can carry on managing Boarding Houses moving forward.
For more information on our CHP division, please visit our website at: