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{{propApi.successMessage}} {{region}} Change locationHIA welcomes plans to fast track low and mid-rise housing
HIA welcomes plans to fast track low and mid-rise housing
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Minister Scully announced the NSW Government will make changes to allow dual occupancies (duplexes) in R2 residential zones in NSW as well as permit more terraces and town houses near transport hubs and town centres in R2 zones.
“This is a great step forward in unlocking the development potential of low-density residential areas in Greater Sydney and across NSW. Allowing dual occupancy developments on land zoned R2 will support the delivery of more housing,” added Mr Bare.
“To achieve this, it is important that the changes to planning controls are consistent across all local government areas. Planning controls that facilitate these developments being undertaken as complying development are also vital. This will ensure the approval process is streamlined minimising delays and reducing costs for the families who can take advantage of the option to knock down their old home on a large block and replace it with two dwellings.
“HIA looks forward to the release of the draft proposals next week and continuing to work collaboratively with the NSW Government on these and other reforms to increase the supply of new housing of all types across NSW.”
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New home sales remain at near three-year high
“The cycle of ongoing growth in new home sales was broken in July, with a 6.4 per cent fall compared to June,” stated HIA Senior Economist, Maurice Tapang.
Roundtable must declare a battle on red, white and green tape
“If the Economic Reform Roundtable is serious about developing meaningful and lasting change to boost productivity and the economy, then the number one priority must be on cutting the excessive regulation that is crippling businesses,” said HIA Managing Director, Jocelyn Martin.
Investors vital to increasing housing supply
“Investors were responsible for 41 per cent of new homes financed for construction in the past year,” stated HIA’s Chief Economist, Tim Reardon.
Home building gaining momentum
“The RBA delivered the third rate cut of this easing cycle, bringing their benchmark cash rate down from 3.85 per cent to 3.6 per cent,” stated HIA Senior Economist Tom Devitt.