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{{propApi.successMessage}} {{region}} Change locationBoost for new homes in South West Sydney
Boost for new homes in South West Sydney
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“This $26 million investment is for enabling civil works including roads, sewerage, water and power that will support the delivery of 65 new social homes and 210 private residential lots as part of the Bonnyrigg Renewal Project in South West Sydney.
“This investment is critical to make these projects shovel ready and build ready faster, as builders often tell us that getting this key ‘last mile’ infrastructure is what holds many projects back from being delivered in a more-timely fashion.
“HIA strongly advocated for a boost in enabling infrastructure funding as part of this year’s Federal Budget and were pleased to see $1.5 billion being committed by the Federal Government to support states, territories and local governments to unlock new homes.
“It is therefore encouraging to see this funding now being rolled out to support key housing projects, with examples such as the Bonnyrigg Renewal Project, as important steps forward in boosting housing supply across the country,” concluded Ms Martin.
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New Sydney Plan welcomed by HIA
“HIA welcomes the finalisation of the new Sydney Plan which provides a 20-year framework for the future development of Sydney,” said Brad Armitage HIA NSW Executive Director.
Housing industry urges Government to keep SMSF finance flowing to new homes
The housing industry is calling on the Australian Government to allow self-managed super funds (SMSFs) to continue borrowing to build new homes, at least until the impact of its new borrowing restrictions on housing supply is independently assessed and made public.
Bragg NCC plan puts spotlight on need to stop the regulatory escalator
“HIA welcomes Senator Andrew Bragg putting National Construction Code reform squarely at the centre of the housing affordability and productivity debate,” said HIA Chief Executive – Industry & Policy, Simon Croft.
You can't fix housing affordability without fixing productivity
HIA has welcomed the interim report of the Senate Select Committee on Productivity in Australia, saying it confirms housing affordability and supply are now critical determinants of the nation's economic performance.