Today’s announcement by Minister for Planning and Minister for Homes Anthony Roberts to fast-track three large proposals as part of the Government’s $2.8 billion package to improve housing supply in NSW brings good news to homeowners says UDIA.
The three complex and interrelated proposals have the potential to unlock 19,000 homes in South West Sydney. This is particularly important due to the development moratorium that exists in the North West Growth Area and the chronic housing shortage in this crucial precinct.
UDIA has identified that rezonings can take up to 10 years to deliver and any attempt by Department of Planning & Environment (DPE) to fast track this process is welcomed.
The latest UDIA 2022 Greenfield Land Supply Pipeline report released two weeks ago identified that there will be a shortfall in South West Sydney of 7,800 lots of unmet demand by 2030, which is why it is critically important that these rezonings occur as quickly as possible.
Housing supply is a crucial part of the UDIA NSW NextGen West campaign, a strategy designed to ensure a continual pipeline of housing in the key growth area of South West Sydney.
“It’s good to see DPE take a lead on these three proposals, but with the housing crisis gripping NSW, housing supply is crucial for the people of NSW who are ready to get out of the rental trap and we need to ensure that the rezonings can turn into development ready land in the shortest possible timeframe,” said Steve Mann, CEO UDIA NSW.
UDIA recommends implementing an Urban Development Program with Empowered UDP Committees that bring together key infrastructure and utility agencies to ensure that the roads, the water and sewer and critical telecommunication services are there when the house contracts are exchanged.
“We need a sustainable housing supply pipeline over the short medium and long term and that comes from the use of data and digital tools that can also lead to better coordination and the right infrastructure at the right time and in the right place,” added Mr Mann.
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Media enquiries: Deanna Lane 0416 295 898 dlane@udiansw.com.au