Property Council praises new homes development to tackle housing crisis

The Property Council of Australia has welcomed a new mixed-use development that will provide almost 1000 new homes near the new Metro line in Sydney’s north-west.

The $332 million development approved by the NSW Government will include 17 new buildings, ranging from two to eight-storeys, and be a mix of residential, retail and commercial space.

Acting NSW Executive Director of the Property Council of Australia, Lauren Conceicao welcomed this announcement as “a positive move to ensure more homes were delivered for the people of NSW. We need to continue to release diverse housing options such as this development to give hopeful home owners diversity in living options.

“At a time when housing affordability and accessibility is at the forefront of the public’s mind, this is a great and welcome example of new developments approved by the NSW Government,” Ms Conceicao said.

“The everyday Australian is relying on their Government to take action, take a stand and address this issue that affects so many of us. Leveraging infrastructure investments such as the Metro line gives new options to housing supply and diversity, and is an important piece of the housing supply puzzle that we so desperately need to complete.

“We are pleased to see that this announcement recognises the opportunities that lie ahead in new infrastructure investments, rezoning existing land near infrastructure and prioritising housing development early in the planning process.

“We encourage further work on prioritising housing adjacent to infrastructure investment as a priority, to ensure diverse options on living are available to new communities as new homes are built.”

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