Global Power | Local Knowledge | Uniquely Personal
All Articles News FAQs Videos
中文

Planning law reform 'must be defined by clarity'

The release of a planning laws report for NSW has led to more calls for incentivising private investment in the state.

A paper on planning laws in New South Wales (NSW) could help increase Australian property investment in the area and encourage businesses and housing developers to work there, according to the Property Council of Australia.

 

 

It claimed that the release of the report could help positively alter the development mindset in the state as long as it is implemented correctly.

 

 

NSW is struggling with housing affordability and figures from the Real Estate Institute of New South Wales released last month showed a rental vacancy rate of only 1.4 per cent in its capital city of Sydney.

 

 

Glenn Byres, NSW executive director, said he hoped the potential reform plans indicated "a cultural sea change" across the area.

 

 

"Competitor states have outpaced NSW in the race for investment, new housing production and the creation of low-cost, low-risk business environments," he added.

 

 

The new system suggested by this recent report should encourage growth and investment rather than increasing red tape or planning constraints, according to the executive director.

 

 

Posted by Steve Douglas

- affordability, housing, planning

DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact info@smats.net.

中文

Subscribe Now