- The mixed-use development will provide close to 1000 new homes
- 17 new buildings will range from two to eight storeys
- Has been welcomed by the Property Council
A new mixed-use development soon provide provide close to 1000 new homes near the new Metro line in Tallawong, in northwest Sydney, has been welcomed by the Property Council of Australia (PCA).
The New South Wales government has approved the $332 million development will be home to 17 new buildings ranging from two to eight-storeys and will be a mix of residential, retail and commercial space.
“Increasing our housing supply is one of the key ways for us to provide more opportunities for first home buyers to get into the market,” said Planning and Public Spaces Minister, Rob Stokes.
“Boosting supply is about facilitating the right development in the right place at the right time and by providing homes near the new Metro, we are fulfilling this need.
“This development includes 987 new homes, including 50 apartments dedicated to affordable housing.”
Rob Stokes, Minister for Planning and Public Spaces
Lauren Conceicao, Acting NSW Executive Director of the Property Council, has welcomed the announcement as a “positive move” to facilitate the delivery of more homes for New South Welshman.
“We need to continue to release diverse housing options such as this development to give hopeful home owners diversity in living options,” said Ms Conceicao.
“At a time when housing affordability and accessibility is at the forefront of the public’s mind, this is a great and welcome example of new developments approved by the NSW Government.”
Lauren Conceicao, Acting NSW Executive Director
She has praised the government for leveraging infrastructure investments such as the new Metro line which she said gives new options to diverse house supply and is “an important piece of the housing supply puzzle that we so desperately need to complete.”
“We are pleased to see that this announcement recognises the opportunities that lie ahead in new infrastructure investments, rezoning existing land near infrastructure and prioritising housing development early in the planning process.
“We encourage further work on prioritising housing adjacent to infrastructure investment as a priority, to ensure diverse options on living are available to new communities as new homes are built.”