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“With the potential to provide over 20,000 new dwellings, over 9 sub-precincts, the 300-hectare site is one of the most exciting mixed use urban renewal projects in Australia.
“The opportunity to combine sport, entertainment, employment and housing will revolutionise the way we live, work and play.
“With an exceptionally high level of demand for residential building in the lower Hunter, the stage 1 state led rezonings will be a catalyst in alleviating pressures on the housing sector, delivering much-needed housing stock.
“Over the next 30 years the supply of diverse housing will have a significant impact on broader economic activity, which will in turn result in societal benefits.
“This precinct provides a once in a generation opportunity to be bold and ambitious,” Mr Jennion concluded.
The region's finest in residential building and renovation will be recognised tomorrow night as the 2026 HIA-CSR ACT and Southern NSW Housing, Kitchen & Bathroom Awards are held at Parliament House in Canberra.
HIA warns that proposed national construction standards and new procurement rules miss the mark and land hardest on home builders.
“Skilled trade shortages remain widespread across Australia, with demand for workers supported by the recovery in home building activity over the past year,” stated HIA Senior Economist Tom Devitt.
The Housing Industry Association (HIA) has welcomed the passage of the ACT Government’s latest planning legislation, saying the reforms will help reduce delays, streamline approvals and support the delivery of more homes across Canberra.