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“The announcement that the rezonings and consolidated planning controls for Gosford City Centre and West Gosford will be progressed under the State Significant Rezoning Policy demonstrates serious intent to tackle the housing crisis.
“Announcements such as this provide the certainty the construction sector needs. As a result, the NSW Government is giving builders and developers the confidence to invest capital and resources in Gosford.
“With high level of demand for residential building on the Central Coast, the rezoning will in time be a catalyst in alleviating pressures on the housing sector, delivering much-needed housing stock.
“Over time the supply of diverse housing 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.
“The NSW Government has taken an important step toward improving housing supply. Other states should now follow its lead and remove foreign investor taxes that discourage the construction of new homes,” said HIA Chief Economist Tim Reardon.
Housing Industry Association (HIA) Industry Outlook Breakfast in Newcastle and Gosford have highlighted the critical role of infrastructure, planning reform and industry support in addressing housing supply challenges across the Hunter and Central Coast regions.
The Housing Industry Association (HIA) is calling on all political parties contesting the November State election to make regional housing a priority, placing regional communities and their growing populations front and centre of their pre-election policy commitments.
“HIA welcomes the initiatives to support new housing announced by the Treasurer as part of today’s NSW State Budget,” said Brad Armitage HIA NSW Executive Director.