Changes to the NSW Environment Planning and Assessment Act could be in the pipeline, which would bring some new real estate in Carlton to the market. However, the Housing Industry Association (HIA) has called for any amendments to be carefully thought through to make sure they give the sector the support it needs.
New South Wales planning minister Rob Stokes launched a consultation, which will get stakeholders' opinions on changes to the act. The HIA said the state government has made a commitment to delivering 50,000 new homes each year, while bringing down the amount of time it takes for developments to be approved.
Dwelling approvals have been on the rise across the country over recent months, reveals the Australian Bureau of Statistics. March data shows that the number of homes given the green light across the country was up 0.6 per cent from the previous month, while New South Wales registered a 0.3 per cent decline.
"The objective of increasing community confidence however, must also recognise that those developing and building the new homes are an integral part of that community," noted the HIA's executive director in New South Wales David Bare.
"They equally need certainty, consistency and confidence in our planning system."
Mr Bare urged against using a neighbours' approval system, which he argued hasn't proved effective over the past few years. Instead, a more streamlined and proactive approach is needed.
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