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HIA: More homes need to be built

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Your Investment Property | 10 Apr 2018, 12:00 AM Agree 0
More housing stock would meet the needs of a growing population and ease the affordability crisis
  • Steve Polder | 14 Apr 2018, 09:41 AM Agree 0
    Thanks Michael, the REAL problem (particularly in Sydney) is that our State Government and Local Councils (LGAs) are not doing the things that are supposedly the cornerstones of their mantras to address housing affordability. Instead of acquiring englobo land reserves from exiting land owners and developing (and paying for) the necessary infrastructure themselves (sewer, stormwater, roads) the State Government through intrumentalities like Landcom (previously Urban Growth, previously Landcom) have opted for a "partnering" strategy as their key role with existing land owners (e.g. Oran Park in Sydney's south-west). The result is a worsening of the affordability problem and it seems they are all oblivious to this happenstance - something they could easily address.
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