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“HIA has been calling for all levels of government to find ways to accelerate the delivery of essential infrastructure needed to unlock pathways for the construction of new homes across Greater Sydney and regional areas,” said Brad Armitage NSW Executive Director.
A works-in-kind agreement will allow a developer to dedicate land for public purposes or deliver an infrastructure project, such as a state road or school, instead of paying a Housing and Productivity Contribution.
Mr Armitage also highlighted that “it would be beneficial if this type of works-in-kind approach could be more widely applied to local infrastructure contributions as well.
“As always, HIA stands ready to work with all levels of government to find ways to speed up the delivery of essential infrastructure, so that the housing industry can move forward and build more homes,” concluded Mr Armitage.
The Housing Industry Association (HIA) has welcomed the Queensland Productivity Commission’s (QPC) Final Report as a vital blueprint for improving housing supply and affordability. However, HIA warns that the State Government’s refusal to tackle local government planning barriers threatens to derail the entire reform agenda.
“Lower interest rates have seen the volume of new homes commencing construction increase, but they still remain well below the government’s target,” stated HIA Senior Economist, Maurice Tapang.
The latest dwelling commencements data released by the Australian Bureau of Statistics today shows a sharp pick-up in multi-unit residential construction activity in the ACT.
“It is good to see the NSW Government taking action to address the chronic undersupply of housing in NSW,” said Brad Armitage, HIA Executive Director NSW.