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ISCOVER
Staff Reporter
The NSW Government’s stimulus plan for the housing industry has been applauded by Aussie's executive chairman John Symond.
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Earlier this week, the government released a draft Metropolitan Strategy Plan and Land Release Policy, which is expected to see 545,000 new homes built for the state’s fast-growing population.
Mr Symond said the package will not only provide a much needed stimulus to NSW’s housing and commercial property sector, but it will feed through to many other parts of the state’s economy.
“Housing is one of the most powerful stimulators to an economy and the package will provide much needed housing to young families and couples, who have been starved of housing supply for many years. NSW has been lagging behind other states in economic growth and the stimulus will provide a strong fillip to builders, developers and mortgage lenders,” he said.
A major part of the package is to give a strong push to greenfield sites where new housing can be established, providing more affordable housing to young couples and families.
“It is young people who have missed out in recent years on the opportunity to buy or build their own home and now they are finally getting a break, as will the building sector. This is good news for everyone in NSW and I urge the government to action its plan as soon as possible.”
