Building may get easier in NSW

By |

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.

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Top Suburbs : kawana , wiley park , willliamstown , new farm , padbury

go back
  • 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'.

Get help with your investment property

Do you need help finding the right loan for your investment?

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here