Add articles to your saved list and come back to them any time.The NSW government has formally commenced its Transport Oriented Development Program, a major prong in its plan to increase housing supply in NSW and help build 377,000 new homes by 2029.
Planning Minister Paul Scully said housing was “the largest single cost-of-living issue facing the people of NSW” and the plans finalised on Monday were a critical part of boosting vital supply.detailed the plans, which had been accidentally published on the Department of Planning website in advance.
On Monday, the government released detailed plans for the 18 starting sites and confirmed their start date as May 13. The program’s formal title is the Transport Oriented Development State Environmental Planning Policy .At a macro level, Premier Chris Minns has driven the government’s push for more housing density. He routinely cites Sydney’s prohibitively high cost of housing as a key reason people – especially young people of working age – are leaving the city.
Land in Sydney is notoriously expensive, particularly in well-located areas such as the north shore and inner west. The development industry is now raising significant concerns that six storeys may not be enough to make a project viable. Put another way: the cost of land and construction will be such that the apartments won’t be affordable, if they are built at all.
The government points out that, by definition, the TOD locations are already served by a train or metro line. The Planning Department selected the 37 sites from a list of 305 because they already had the capacity to accommodate more homes, and recently published its full assessment criteria. That papers over tensions with quite a few councils, including Labor-led ones, such as Inner West. There, Labor is demanding the government do some of the hard yards itself by allocating billions to build social housing and releasing its long-awaited audit of public land suitable for housing development.More TOD sites will roll out over the course of the year, in line with the government’s schedule. Numerous other prongs of its housing program are also due to be unveiled soon.
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