Affordable housing a win for all NEW policy settings to ease the housing affordability crisis will be discount ray ban wayfarer at the heart of Commonwealth and NSW budgets ray brand to be handed down in the coming weeks.
Beating them both to the punch last month was Federal Labor, with the release of their Housing Affordability Plan. Many of the opposition's proposals have the potential to put serious downward pressure on house prices. Others play the Trump card of populist politics by "blaming the foreigner" for rising prices, rather than the taxes, fees and charges baked into the cost of new housing. So why the flurry of policy activity? Partly it's the economic imperative to give people housing choice and affordable options as they move through life. But nothing focuses the political class like clear trends in the polls, and the number of people who rate housing as their most important challenge has been rising steadily. That makes housing affordability a high stakes policy race, because the major party to best address the public's growing anxiety is likely to attract vital swinging voters. The one thing all sides ray bans sunglasses wayfarer agree upon is that solutions must ray ban kids be focussed on increasing the supply of new dwellings. In the Hunter, a decade of undersupply has produced a deficit of 16,000 homes and been the principal driver of rising housing prices. The principal cause of that deficit has been a failure to link critical enabling infrastructure local roads, water, and power with land on the urban fringes suitable for residential development. In other words, it's not the land that is scarce in the Hunter, it's the local infrastructure that enables that land to be developed into new home sites that is scarce. And that represents a golden opportunity for the NSW Government to turbo charge housing supply with a series of modest investments in local infrastructure. Across the Hunter, short to medium term funding of shovel ready, local infrastructure projects can avoid the looming shortfall of 30,000 homes by 2024. One of those is to complete Stage 1 of the Lake Macquarie Transport Interchange with construction of Pennant Street Bridge. This local infrastructure will alleviate congestion across the Hunter's second largest employment zone; slashing the daily commute for Cardiff Glendale's 11,000 workers, driving productivity improvements for business and improving liveability for residents. This bridge is the "missing link" that unlocks 90 hectares of new land for development in an emerging Strategic Centre, helping to solve the Hunter's chronic housing shortage and ease the affordability crisis. Pennant Street Bridge is shovel ready, with detailed designs and costings completed by Lake Macquarie City Council. A $13 million commitment towards joint funding in June's state budget could see Pennant Street Bridge completed and fuelling a pipeline of 2,700 new homes and 3,800 local jobs within 18 months.
That's a quick win for homebuyers and a stunning dividend for the taxpayer. With more than $20 billion spent on Sydney's mega infrastructure projects in the past year alone, $13 million represents a modest investment in local infrastructure for enabling housing affordability. Andrew Fletcher is Hunter director of the Property Council of Australia Local 90MinutesRed and Blue HQTipping CompetitionSoccerNRLNational AFLBasketballTournamentsRacing FormFishingEditorial LettersBlogsPollsLiz Love Eats OutColumn of the DayGREG RAY: Pictures of the Past.
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