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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.
Discover the key air conditioning considerations for builders and homeowners, including system selection, energy efficiency, zoning, comfort, installation planning and long-term performance in new homes.
“The Housing Industry Association welcomes today’s announcement by the NSW Government of the expansion of the Pre-sale Finance Guarantee” said Brad Armitage, Executive Director NSW.
“Residential land prices increased by 1.5 per cent in the final quarter of 2025 to be 9.4 per cent higher over the year, increasing almost three times faster than consumer prices over the same period,” stated HIA Senior Economist Tom Devitt.
This Values Statement sets out HIA's position in relation to the core beliefs and principles that should guide the residential construction industry, shaping how it operates, conducts business, and interacts with all stakeholders.