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“The Housing Accord has sharpened our focus on opportunities to deliver much needed new housing in the short term. However, if we are truly going to tackle the housing supply crisis, we need to plan for beyond 2029.
“Sydney is one of the greatest cities in t
he world, so this is a really important discussion to help shape its future direction.
“For any plan to work, it must provide for housing diversity that reflects the needs and aspirations of the community. This includes apartments, townhouses and detached homes.
“Greenfield development continues to be a vital part of the housing mix, and it is essential that the plan includes a clear pipeline of affordable and serviced greenfield land beyond the current areas,” added Mr Armitage.
“Feasibility must also be front and centre as this is critical to getting keys in doors.
“HIA looks forward to working with the NSW Government on making sure that this plan achieves the right balance and provides for homes and communities that families not only want to live in but are affordable,” concluded Mr Armitage.
Treasurer Jim Chalmers handed down the 2026-2027 Federal Budget tonight which was couched as his most transformative budget since the ALP came to government in 2022.
The Federal Budget will make Australia’s housing shortage worse by reducing the supply of new homes at a time when the country is already struggling to house a growing population.
“The Housing Industry Association (HIA) welcomes today’s Federal Budget announcement of a half a billion dollar investment to modernise environmental approvals that will help deliver a faster, technology enabled and fit for purpose system that supports urgently needed housing supply,” said HIA Managing Director, Jocelyn Martin.
The Housing Industry Association (HIA) has welcomed the news that the 2026/27 Federal Budget will invest an additional $2 billion over four years to fund critical infrastructure, which will support the construction of up to 65,000 new homes.