Some parts of Sydney’s north and east have had their housing targets tripled and quadrupled under figures released by the state government today.
Parts of inner Sydney will be required to triple the number of new homes they deliver over the next five years in a long-awaited and ambitious rewrite of the city’s housing targets that shifts the focus from west to east and aims to address the supply crisis.
The new targets are designed to dramatically shift new home-building toward infill housing closer to the eastern seaboard, instead of greenfield development on the city fringe. Under the changes, infill will represent 82 per cent of the state’s new homes, and greenfield just 18 per cent. Under the new targets, 70 per cent of the state’s 377,000 new homes over the next five years - or 263,400 - are to be built in Sydney. Another 30,400 new homes are slated for Greater Newcastle, 18,000 for Illawarra-Shoalhaven, 9400 for the Central Coast and 55,000 for the outer regions.Of the Sydney homes, 41 per cent will be in LGAs east of Strathfield, 37 per cent in the central LGAs , and 22 per cent in the west .
But Minns has dangled a carrot for councils with a new $200 million fund to help pay for green spaces and sporting fields in areas which meet and beat their targets. He also said councils which contribute to more housing would be rewarded with increased funding for schools and hospitals, paid by state developer contributions.
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