The Property Council of Australia today welcomed the NSW Government's announcement of its state-led rezoning at Broadmeadow, to deliver new homes, affordable housing and jobs, marking a key milestone in the precinct's long-anticipated transformation.
Property Council Hunter and Central Coast Regional Director Nuatali Nelmes said it was a major move to help unlock one of regional NSW's most significant renewal opportunities.
"This rezoning will help turn a long-held vision for the 313-hectare precinct into real homes, jobs and investment," Ms Nelmes said.
"It's a strong signal from the NSW Government that it's ready to get on with delivery – exactly the kind of early momentum for which we've been advocating so strongly," she said.
The rezoning will enable up to 3,200 new homes on government-owned land, including affordable housing and new public spaces, while supporting thousands of construction jobs over the years to come.
"Broadmeadow has all the ingredients to become a nationally significant mixed-use precinct - and with the Hunter and Central Coast Development Corporation (HCCDC) confirmed as the delivery lead, we now have the right structures in place to make it happen," Ms Nelmes said.
Industry is ready to invest in Broadmeadow - this announcement gives us the confidence that land use, infrastructure and funding decisions will all be aligned," she said.
"This is a place where homes, jobs and high-speed rail will intersect - a genuine gateway to the Hunter. It will take dedicated coordination and early funding for enabling works to bring that vision to life and create a vibrant, connected community at the heart of the Hunter."
The Property Council will host 'Broadmeadow's Moment: Unlocking Regional Growth Through Precinct Renewal' at NEX in Newcastle West on 22 August, bringing government, industry and community leaders together to chart the next steps for delivery.
"This is a defining moment for Newcastle and the Hunter. We're encouraged by the government's leadership and look forward to working together to deliver a world-class precinct for generations to come," Ms Nelmes said.