The New South Wales government has announced it will unlock greenfield land supply to combat housing shortages.
Deputy Premier John Barilaro said they would be focused on attracting new residents to regional towns.
“From Byron to Bega and Coffs Harbour to Dubbo, regional towns are booming, but in many parts of the state, planning has not kept pace with growing demand,” Barilaro said.
“There could be a whole range of factors driving housing constraints and we need to unpack those so we can deliver new housing opportunities for our regional communities.”
Minister for planning and public spaces Rob Stokes said the NSW Government would create new ‘greenfield’ housing supply.
“It’s clear that as a result of the pandemic, demand for greenfield housing has increased even more than anticipated so we are responding with new housing in some of Sydney’s best growth areas, the south-west and Macarthur,” Stokes said.
“Housing supply is not just important in Sydney but across our regions, which are experiencing strong growth as we bounce back from drought and as more people are working flexibly and remotely.
“This is why I am setting up a regional housing taskforce to report back by September on how we can better use the planning system and other levers to boost supply.”
Sydney has a major land supply constraint issue according to Research 4 director Colin Keane who said there was less than one month’s land supply, which was heavily impacting house prices.
Keane said the average lot price was $475,000, more than double the price of land in Perth, and the most expensive in the country by more than $150,000.
New greenfield development sites include 7000 dwellings at Glenfield Precinct, 7000 dwellings at Lowes Creek Maryland, 2400 dwellings at Leppington stages 2 and 5, and a further 1600 dwellings at Wilton Town Centre Precinct.