As Australia’s peak representative of the property and construction industry, which employs more Australians than any other sector, the Property Council’s members include investors, owners, managers and developers of property across all asset classes across NSW.
Home to almost a third of Australia’s population and the powerhouse of the nation’s economy, NSW offers unmatched opportunity for business and growth. A
sustainable future where everyone can share in this prosperity, including our regions, is at the heart of our advocacy.
The Minns NSW Government’s second year has been defined by welcome planning reform and further commitment to ambitious housing targets under the
National Housing Accord. Reform highlights include the establishment of the Housing Taskforce and Housing Delivery Authority, the State Significant Rezoning Policy, new State Significant Development pathways for in-fill affordable housing and other residential developments, and the finalisation of the Transport Oriented Development Accelerated Precincts’ master planning and rezoning.
The continued housing shortage means that we have retained a strong emphasis on the supply, diversity and affordability of homes. NSW will now be required
to build around 87,000 new homes each year until 2029 to meet the 377,000 homes required to meet our National Housing Accord targets — more than double
the current delivery projections — the scale of this task is not underestimated by our industry.
With Sydney adding only 21,214 new dwellings in 2024, this submission outlines the policy reforms and funding required to give NSW the best possible chance
of meeting our National Housing Accord targets.
With a supply deficit of social, key worker and at market housing across the country, a more strategic and accountable system for delivering the housing
Australians need is required, and the supply of in-fill, brownfield and greenfield land remains the most important factor in driving down purchasing and rental costs.
Our submission also highlights the need to accelerate planning and tax reform to boost economic activity and create jobs. This includes ensuring that we also
address the chronic industrial land supply shortage, as well as maintaining a strong public infrastructure pipeline and vibrant city centres.
Both NSW residents and the building and construction sector remain under pressure. Cost-of-living pressures, labour shortages and challenges
associated with supply chains and construction costs are ongoing. As the NSW fiscal outlook remains largely unchanged since the 2024-25 Budget, there
needs to be balanced and considered investment to accommodate the projected population of NSW reaching 10 million two years earlier than previously
expected — by 2041.
We look forward to working in partnership with the NSW Government to implement these critical measures and deliver long-term benefits for our state.
