Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

rpm logo latest

Government needs to fix housing, planning: Property Council

By Staff Reporter
31 March 2017 | 1 minute read

The Property Council of Australia has praised the NSW government for a job well done two years after it was re-elected, but warns there is still much to be done in the next two years.

The Property Council commended the government for strong economic growth, infrastructure investment and a renewed focus on regional areas. But it was critical about the state’s housing affordability issues and poor planning systems.

Property Council NSW executive director Jane Fitzgerald said many issues continue to be a drag on growth and progress.

Advertisement
Advertisement

“We have a new premier, new ministers and the opportunity to make the next two years really count,” Ms Fitzgerald said.

“We now need the government to deliver on facilitating the supply of new housing, reduce its reliance on property taxes and transform the nation’s worst planning system into its best.”

Ms Fitzgerald also outlined five issues Gladys Berejiklian’s government needs to prioritise in the next six months. 

1. Scrap the surcharges on land tax and stamp duty on companies building to provide NSW with the housing it “desperately” requires. 

2. Revise the thresholds for stamp duty concessions that are currently available to first home buyers. 

3. Update archaic stamp duty tax brackets.

4. Extend ‘code assessment’ to take in apartments, including high-rise and mixed-use developments.

5. Boost funding to improve infrastructure such as sewage, water and electricity.

Ms Fitzgerald said it is understandable that the premier wants to mark ‘half time’ by drawing attention to her government’s achievements.

“But she and her team need to have a strong second half to make sure the people of NSW are the winners,” she said.

Government needs to fix housing, planning: Property Council
calculator sums
lawyersweekly logo
Listen to other installment of the Real Estate Business Podcast
Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings

 

Subscribe to our RPM
mailing list

 

Do you have an industry update?

top suburbs

12 month growth
Mirador
103.33%
Bawley Point
98.13%
Walla Walla
90.7%
Byron Bay
86.67%
Kiama Heights
85.93%
Greta
84.14%
Nulkaba
81%
South Hobart
78.78%
Diddillibah
76.25%
Lennox Head
73.98%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.