We reported recently that the New South Wales government has committed to processing 90 per cent of its housing approvals in less than 40 days – an impressive pledge if ever there was one. But that's not all. Premier Mike Baird has promised a plethora of further initiatives that will make Sydney a better, more liveable place – and likely raise home values around the city, too.
The premier outlined 30 'state priorities' that are to be met, with 12 'premier priorities' that will take particular precedence. These run the gamut from important social projects, such as taking on childhood obesity and reducing domestic violence, to those that will bring much needed economic benefits, such as building infrastructure, creating jobs and improving hospital service. It's sure to be music to the ears of anyone hoping to purchase real estate in St George, Carlton and surrounding neighbourhoods.
Getting into details, part of the premier's plans for the infrastructure investment program is to have all projects – from the Sydney Metro to the south east light rail – completed on time and on budget. Meanwhile, the government is planning to create 150,000 new jobs by 2019, partnering with the private sector to do so. The infrastructure funding will play a role in this, as will extending payroll tax rebates to certain businesses.
In addition to this, the premier announced a plan to slash the amount of litter by 40 per cent in only five years.
"Over the coming weeks, I will work with my ministers to put in place rigorous plans to achieve these aims and I will be personally monitoring the government's performance," Mr Baird said.
If these plans come to fruition, real estate in Beverley Park, Allawah and surrounding areas will likely be positively affected. As Sydney's liveability increases, its property prices are likely to follow.