Housing unaffordability is costing Sydney over $10b every year in lost productivity, talent and innovation. Without change, less than half of children born today will ever own a home in Sydney.
Over Christmas, the government released a suite of proposed housing reforms. We’ve released a statement that summarises the Committee’s submissions to two of them: The overview of the Transit Oriented Development (TOD) SEPP and the Explanation of Intended Effect (EIE): Changes to create low-and mid-rise housing. Together with the TOD accelerated precincts, these suite of proposals presented by the NSW Government represent a once-in-a-generation shift in housing delivery aimed at improving housing access in Sydney.