{"id":26966,"date":"2024-05-31T18:18:37","date_gmt":"2024-05-31T18:18:37","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=26966"},"modified":"2024-05-31T18:18:37","modified_gmt":"2024-05-31T18:18:37","slug":"new-targets-will-help-to-rebalance-sydneys-housing-growth","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2024\/05\/31\/new-targets-will-help-to-rebalance-sydneys-housing-growth\/","title":{"rendered":"New targets will help to rebalance Sydney\u2019s housing growth"},"content":{"rendered":"\n<p>Detailed analysis reveals the extent of the rebalancing of new homes across Greater Sydney as a result of the housing targets released by the Minns Labor Government earlier this week.<\/p>\n\n\n\n<p>The rebalancing follows more than a decade of unfair distribution of new homes that saw Western Sydney being forced to accept the overwhelming proportion of new homes, many delivered without the necessary supporting infrastructure.<\/p>\n\n\n\n<p>Homes that are already in the system, those already planned, approved and under construction, cannot be changed without tearing up existing development applications and building contracts.<\/p>\n\n\n\n<p>With a housing crisis, now is not the time to stop building.<\/p>\n\n\n\n<p>The NSW Government has significantly rebalanced the targets with the distribution of new homes.<\/p>\n\n\n\n<p>The number of new homes has been developed from our planning reforms, the Transport Oriented Development and Low and Midrise Housing programs and are included in the targets.<\/p>\n\n\n\n<p>Of the new homes in the targets, 53% are in Eastern Sydney LGAs including Ku-Ring-Gai and Northern Beaches. This compares to 34% of homes already in the pipeline to be delivered.<\/p>\n\n\n\n<p>Comparatively, Western Sydney LGAs such as Penrith and Hawkesbury Council will have a target of 18% for new homes, as compared to 25% of homes already in the system.<\/p>\n\n\n\n<p>Similarly, Central Sydney LGAs including Parramatta and Canterbury-Bankstown that make up 41% of homes already in the pipeline, account for 29% of the new home targets set by the NSW Government.<\/p>\n\n\n\n<p>This rebalancing of new homes is part of the Government\u2019s plan to deliver homes close to existing infrastructure and jobs, building even better communities in NSW.<\/p>\n\n\n\n<p><strong>Minister for Planning and Public Space Paul Scully said:<\/strong><\/p>\n\n\n\n<p>&#8220;Our new housing targets rebalance the location of new homes across Sydney.<\/p>\n\n\n\n<p>\u201cOf the projected homes between now and 2029, more than half are in Eastern Sydney LGAs while less than a fifth are in Western Sydney LGAs.<\/p>\n\n\n\n<p>\u201cHomes that are already planned in the western suburbs will continue to be built while other parts of Sydney will be doing their part to confront the housing crisis.<\/p>\n\n\n\n<p>\u201cFor too long we\u2019ve been building infrastructure in Sydney\u2019s east and putting housing in the Sydney\u2019s west.<\/p>\n\n\n\n<p>\u201cIt\u2019s not fair and it\u2019s not working for communities or for taxpayers.<\/p>\n\n\n\n<p>\u201cRebalancing housing is part of our plan to build better homes and better communities for NSW with homes better connected to transport and jobs.\u201d<\/p>\n\n\n\n<figure id=\"nsw-table-1\" class=\"wp-block-table\"><table><thead><tr><th>&nbsp;<\/th><th>Housing targets<\/th><th>Homes in the system<\/th><th>Additional homes to meet targets<\/th><\/tr><\/thead><tbody><tr><td>Eastern Sydney LGAs<\/td><td>107,100<\/td><td>41%<\/td><td>58,290<\/td><td>34%<\/td><td>48,810<\/td><td>53%<\/td><\/tr><tr><td>Central Sydney LGAs<\/td><td>97,200<\/td><td>37%<\/td><td>70,670<\/td><td>41%<\/td><td>26,530<\/td><td>29%<\/td><\/tr><tr><td>Western Sydney LGAs<\/td><td>59,100<\/td><td>22%<\/td><td>42,410<\/td><td>25%<\/td><td>16,690<\/td><td>18%<\/td><\/tr><tr><td>Total<\/td><td>263,400<\/td><td>171,370<\/td><td>92,030<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Detailed analysis reveals the extent of the rebalancing of new homes across Greater Sydney as a result of the housing targets released by the Minns Labor Government earlier this week. The rebalancing follows more than a decade of unfair distribution of new homes that saw Western Sydney being forced to accept the overwhelming proportion of &hellip; <a href=\"http:\/\/www.16news.com.au\/index.php\/2024\/05\/31\/new-targets-will-help-to-rebalance-sydneys-housing-growth\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;New targets will help to rebalance Sydney\u2019s housing growth&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-26966","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/26966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=26966"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/26966\/revisions"}],"predecessor-version":[{"id":26967,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/26966\/revisions\/26967"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=26966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=26966"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=26966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}