The Property Council of Australia welcomes the opportunity to provide comments and
recommendations to the NSW Government on the future of the Bays Precinct.
The Property Council is the nation’s peak representative of the property industry. Our members
include the bulk of the state’s major investors, owners and developers of office buildings, shopping
centres, industrial parks, tourist accommodation and residential apartments and communities.
Our members help shape, build and finance our cities and have a long-term interest in the future of
our urban areas. Our members continue to invest in the growth and development of Sydney
including the CBD, non-CBD and major urban renewal areas.
The Property Council of Australia recently ran a member workshop on the future of the Bays
Precinct where verbal feedback was provided directly to staff from the Sydney Harbour Foreshore
Authority.
This submission encapsulates the key issues and recommendations discussed in this forum.
Our feedback is divided into two broad themes:
1. Short term recommendations (issues the Government must consider and action in the short
term to ensure the future redevelopment of the Bays Precinct is optimised in terms of
development yield, public domain and amenity outcomes and infrastructure provision),
2. Long term concepts (a vision for the future of the Bays Precinct, including possible land uses
and the identification of the long term opportunities and constraints of various sites).
The Property Council welcomes the thorough and transparent approach the NSW Government has
taken to consultation on the future of the Bays Precinct. We would be pleased to maintain a
dialogue with the NSW Government on the future of the Bays Precinct as the development of
planning principles for the precinct progresses.
Please click on the PDF for the full copy of the submission.
