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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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Working toward building 1.2 million homes
“HIA forecasts show that recent policy announcements will see more than 1 million new homes commencing construction over the next five years,” said HIA Chief Economist, Tim Reardon.
Update on Tasmanian State Election
Tasmanian Liberals re-elected in 2025 with new housing and construction policies. Tasmanians could benefit from $30,000 First Home Owner Grants, extended Payroll Tax Rebates for apprenticeships and reforms to speed up housing land supply and improve building regulations in Tasmania.
NCC pause, reforming long overdue EPBC Act and 5% house deposits
Over the past few days there has been a number of important housing announcements from the Federal government that HIA has been advocating for over several years.
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“An average person leaving school today will have up to 15 different jobs in their lifetime. High school students, as they finish their senior school education, have an unlimited number of career options at their feet,” said HIA Managing Director, Jocelyn Martin, as part of the launch at National Skills Week.