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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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