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{{propApi.successMessage}} {{region}} Change locationHIA welcomes the release of the NSW housing targets
HIA welcomes the release of the NSW housing targets
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“This policy will facilitate the delivery of much needed housing in well located areas that is serviced by transport and other infrastructure.
“HIA is pleased to see recognition of the important role of both infill and greenfield areas to meet housing growth. However, if we are going to meet these housing targets and improve affordability, we must also continue to focus on releasing land faster and addressing the delays in the development of greenfield areas,” said Ms Byrne.
While incentive programs to councils to support them meet their housing targets is key there must also be measures in place to incentivise the residential building industry to build the much needed new homes. This would include cutting regulatory costs and charges for development and reducing approval times. Media reports of a new Cabinet sub-committee to oversee delays in approvals would be a positive step to bring attention to these significant roadblocks to housing supply.
Governments must also create the right environment to support new development. If we are going to see more homes being built, financial barriers such as taxes and development charges which disincentivise new construction must also be addressed.
“HIA stands ready to work with the NSW Government on developing measures to meet the challenge of delivering new homes across the state, ” concluded Ms Byrne.
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