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{{propApi.successMessage}} {{region}} Change locationRezoning milestone paves the way for Broadmeadow transformation
Rezoning milestone paves the way for Broadmeadow transformation
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“The announcement that new planning controls will enable up to 3,200 homes to be built on government-owned land is the starting gun the residential construction sector has been eagerly awaiting.
“Yesterday’s release of the HIA-Cotality Residential Land Report ranked Newcastle and Lake Macquarie the 7th most expensive regional market in Australia and the 6th highest regional land price per square metre over the March Quarter 2025.
“With the high level of demand for residential building in the lower Hunter, the stage 1 rezonings will in time 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 at Broadmeadow will also 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 ambitious. Governments, industry, and the broader community must dream big to ensure we develop this locality to its full potential,” Mr Jennion concluded.
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Rezoning milestone paves the way for Broadmeadow transformation
“The completion of the rezoning of four government-owned sites provides an exciting opportunity for Newcastle,” commented HIA Hunter Executive Director, Craig Jennion.
Private certification a key to improved productivity for home building
“Obtaining a planning approval for a new home build adds thousands of dollars and months of delay to the home building process,” stated HIA Senior Economist Tom Devitt.
Victoria is the slowest and most expensive state for planning approvals
“Obtaining a planning approval for a new home build in Victoria takes over seven months and costs almost $20,000,” stated HIA Senior Economist Tom Devitt.
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