UDIA NSW supports the NSW Government’s plan to deliver the NSW Productivity Commission’s 29 recommendations for productivity reform of infrastructure contributions, announced today, which has the potential to remove some of the barriers to development and unlock up to $12 billion in productivity benefits.
UDIA NSW has been advocating on this issue for some years, urging these reforms to provide greater certainty and feasibility to an industry that is ripe for productivity gains.
“Housing affordability is one of the biggest challenges for the next generation of Australians. A reformed infrastructure contributions system in NSW is an important part of improving affordability and delivering more jobs and infrastructure whether it be transport, open space, schools or hospitals.”
“With infrastructure contributions and Property Tax reforms, the NSW Government is leading the nation in making the great Australian dream for people to own their own home more feasible in NSW.
“While there will be some complexity in the detail, UDIA NSW looks forward to working closely with the NSW government on the implementation of these major reforms to enable communities to get the housing and facilities they need, which will reap benefits for decades to come,” said UDIA NSW CEO Steve Mann.
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