The State Opposition's proposal to release regular data on housing targets will help hold government agencies accountable for progress against benchmarks.
The Property Council of Australia today welcomed the concept along with other initiatives to lift the supply of housing.
"Clear targets that reflect Sydney's inevitable future growth are vital and must be coupled with an accountability framework to ensure these targets are met," NSW Executive Director Ken Morrison said today.
"We have consistently called for the annual release of figures on new land release and housing supply, not the two year lag we currently have.
"The Coalition is right to recognise that transparency will inform the community and will help to hold government agencies and local councils to account.
"Sydney faces an enormous challenge in providing the housing Sydney needs as it inevitably grows.
"The latest figures show we need to build 640,000 new homes by 2036 - and the task will be even greater as we advance towards a population of 7 million by 2050.
"NSW needs a better regime capable of delivering land release and urban renewal - and the situation also demands local government plays its part.”
The Property Council also welcomed the Coalition's plans to canvass a contestable market for infrastructure and pledged to collaborate in developing its details.
"Excessive infrastructure charges are holding back the supply of new homes and adding to the housing affordability challenge facing Sydney," Mr Morrison said.
"We need to continue to explore new opportunities to wipe away the levies and charges that ultimately hit homebuyers.
"Giving the private sector the chance to compete with the public sector offers the chance to reduce these charges.
"It will impose a new discipline on government to cost projects properly and offer the chance to improve the timely delivery of infrastructure."
Media contact: Ken Morrison, NSW Executive Director, 0412 233 715.
