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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.
Small building businesses in regional Australia are warning that housing shortages will deepen unless governments address planning delays, workforce shortages and rising compliance costs, according to the HIA 2026 Small Business Conditions Survey,” HIA Chief Executive Industry & Policy, Simon Croft said today.
The Housing Industry Association (HIA) has welcomed the release of the new data showing a steady uptake of incentives under the Key Apprenticeship Program (KAP), which each represent a future skilled trade in the home building industry.
“Over the last 25 years, the price of the typical new residential lot of land has risen more than three times faster than construction costs,” stated HIA Chief Economist Tim Reardon.
Last week, the Victorian Department of Transport and Planning (DTP) released details of proposed minimum financial requirements (MFRs) for home builders that are scheduled to commence from 1 July 2026.