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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.
Despite the nation falling behind in its housing targets, the Federal Government has left apprentices and employers in limbo with uncertainty of funding beyond Christmas, says the Housing Industry Association (HIA).
“Home renovation activity nears record high, boosted by rising home prices and low unemployment,” stated Tim Reardon, HIA Chief Economist.
“Today is a great day for the housing industry in NSW with passage of the Planning System Reforms Bill 2025 through parliament,” said Brad Armitage, HIA NSW Executive Director.
Starting 1 July 2026, domestic building insurance (DBI) will only be available through the Building and Plumbing Commission (BPC), which has replaced the VMIA in providing this product.