The cost of building new homes on the city’s western fringe dwarfs the inner city, the Productivity Commission found, while the Metro West offers “significant opportunities” for more housing.
Greenfield developments on Sydney’s western fringe cost the state’s economy tens of thousands of dollars more for every new home built compared with housing near the inner city, the NSW Productivity Commission has found, warning long-term urban sprawl will lead to higher taxes, increased debt and poorer quality of life.
By comparing the costs of things such as wastewater connections, road congestion, public transport, schools and open spaces, the commission analysed the cost to the economy of additional homes across Sydney, finding a stark contrast in the associated costs of addressing the housing shortage. Achterstraat stressed that while the commission is not critical of current or former government decisions about development approvals, the public should be aware of the costs associated with them.
The commission stated both the Metro West and South West lines “offer significant opportunities for efficiently accommodating population growth [and will] deliver a substantial amount of capacity for housing on the lower north Shore, and in the inner west and inner south-west”. “With a Metro service in place, Five Dock commuters could reach transit hubs like Parramatta and the CBD quickly and would be able to reach up to 45 per cent of Sydney’s jobs within 30 minutes.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Two children die in car crash in Sydney's southThe boys, aged nine and 10, were taken to hospital but could not be saved, while a girl and the driver, a 33-year-old man, are in hospital.
Read more »
Crown Sydney left 'high and dry' after betting on lure of VIP gamblers, expert saysCrown Resorts cited 'macro-economic challenges' for its decision this week to close one of its two gaming floors and shed 95 staff, just a year after it opened in Sydney's tallest skyscraper.
Read more »
Two children dead in Sydney car crashPolice are investigating a car crash that killed two boys, aged 9 and 10, in southern Sydney on Friday night.
Read more »
Two children, aged nine and 10, killed overnight in horror crash in Sydney’s southPolice called to Monterey at 9.50pm Friday night following reports a car had crashed into a tree
Read more »
Two boys killed after car slams into tree in Sydney's southA police investigation is underway after two children were killed in a horror crash in Sydney’s south.
Read more »