Building may get easier in NSW

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The proposed easing of “red tape” for property investors in NSW could have a positive impact on those considering development projects. 

NSW planning minister Brad Hazzard's proposal to change existing laws will, if approved, lift housing production and increase construction – welcome news for investors who are looking to build. 

He unveiled the proposal, entitled 'A New Planning System for NSW' on Saturday. 

It means fewer restrictions, less red tape and simplified land use zones. 

NSW property council executive director Glenn Byres told the Australian Financial Review the reform would clear the way for fresh investment. 

"The investment climate was so polluted and there was such a stain on the system that the government needed to signal far-reaching reform," he said. 

The proposed legislation will go to parliament in 2013.

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Comments
  • Garry Macdonald says on 19/07/2012 02:00:37 PM

    This legislation may help, however in the mean time there needs to be an investigation into the performance (or lack thereof) of local Councils...particularly Penrith Council in Sydney. DA's are taking far too long and little 'Power-Brokers' are raising barriers every step of the way. These people need to be taken out of their comfortable protected environment and forced to experience the 'real world'.

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