Affordable housing is scarce in Tasmania, with only 2.4% of rental properties affordable for people on income support payments. This has led to a 22% increase in the average rent for a two-bedroom property in Hobart from 2020 to 2021, causing a rise in homelessness. In light of this issue, a project like Waverley may improve the financial situation through the following key objectives:

Key Objectives

• To provide access to affordable and sustainable housing seamlessly integrated with nature.

• To remove barriers to home ownership and protect buyers during times of financial hardship.

• To develop intentional urban design with social amenities, including access to employment, parks and community.