Support continues for NSW reforms
The white paper proposed by the New South Wales government on April 16 will be good news for anyone ...
The white paper proposed by the New South Wales government on April 16 will be good news for anyone in the housing industry, from rental property tenants and home owners to commercial property investors, according to the Property Council of Australia (PCA).
After support from The Grattan Institute, The Committee for Sydney and the Urban Taskforce, now the Housing Industry Association (HIA) and the Property Council of Australia have made statements largely in favour of the proposed reforms.
New South Wales executive director of the PCA Glenn Byres said there will be "a major reduction in the red tape and site-specific wars that have spooked investors from making a commitment to projects in NSW".
HIA has highlighted in particular the cultural change outlined for state and local governments when it comes to achieving planning outcomes.
"This aspect of the White Paper is major step in the right direction and should be applauded," said David Bare, HIA NSW executive director.
The association said that the "can-do" attitude intrinsic in the reforms would be great news for the housing industry as it would support housing supply by encouraging residential property construction.