NSW prioritizes housing infrastructure with new budget

$500million has been pledged to unlock land and accelerate housing infrastructure with the announcement of the NSW Budget 2022-2023.

With the housing crisis seen as a matter of national urgency, Premier Dominic Perrottet sees housing supply, ownership and affordability as some of the state’s biggest challenges.

Titled the 2022 Housing Package, $300 million will co-finance and accelerate the delivery of “shovel-ready” infrastructure projects that will enable new homes, $89 million to unlock more homes sooner with faster appraisals, 69 $.8 million to accelerate the rezoning of key housing constituencies, $33.8 million to meet housing supply in the NSW region and create a 10-year regional housing supply pipeline, and 3 $.8 million for the appeal team for council-led fast-track rezonings.

“It’s about getting the keys to the doors with this commitment, supercharging the housing supply to help people across the state get closer to homeownership,” Perrottet says.

“Being able to buy a home has a huge impact on where people choose to live, work and raise families and this investment will help give people more choices and provide families with a brighter future. NSW.

“We know that one of the biggest constraints on housing supply is the lack of supporting infrastructure like water, roads, sewers and parks. We are therefore deploying an investment of $300 million to help councils carry out projects that contribute to the growth of our communities.

Treasurer Matt Kean said strengthening the planning system will allow more homes to be built on existing and new land at the pace required.

“Priorising planning assessments for new homes will speed up the approval of high-quality planning proposals,” he said.

“We expect hundreds of thousands of homes to be delivered sooner, thanks to faster state and local rezonings and approvals.”

Planning Minister and Housing Minister Anthony Roberts said the government was allowing the private sector to provide more supply to people in NSW.

“One of the main recommendations of the regional housing task force was the lack of infrastructure being built in our regional communities. This investment will help the NSW region meet current and future demand,” he said.

“It is important that the industry is given the certainty it needs to provide housing supply for our growing population both in Sydney and in our regions.”

This new investment is part of a series of end-to-end housing measures aimed at making home ownership a reality for more people in New South Wales.

NSW Government policies on housing supply can be viewed here.

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