NSW property developments will soon be approved quicker
The NSW government has released a new guide to assist councils in approving property development applications faster.
With housing affordability ranking as one of the biggest concerns amongst Australians, government departments are trying to find ways to help ease this concern. The NSW government has released a new Development Assessment Best Practice Guide to help councils process development applications faster with an aim to increase housing supply.
There have been many suggestions on how to alleviate the housing affordability concerns but increasing supply seems to be one of the key initiatives. This new guide aims to assist in delivering faster housing approvals, which NSW Premier Gladys Berejiklian has flagged as a priority. The government has set a goal for 90% of housing applications to be determined within 40 days.
NSW Minister for Planning and Housing Anthony Roberts said that the guide has been tested and has shown that when best practice processes are applied, development application (DA) processing times improve.
“The DA process is a key link in the housing supply chain and impacts how efficiently new housing can be delivered to the market. We’ve used current best practice in councils to develop the guide, with a focus on delivering a high level of service to council customers prior to lodgement, by ensuring they have an assessment-ready DA,” Roberts said.
There will be a review of this new guide in six months' time, which will allow feedback from councils to be heard and allow the councils to evaluate the guidelines.
- Property prices: You need a $100K deposit in every capital city – except this one
- NSW first home owners tax reform offers 25K grants
- Westpac home loan rate rise: 3 things you need to know
- Home loans take months, how does this bank do 7-day approvals?
- Finder’s RBA Survey: 87% of experts say consumer saving will dip as cash rate holds