Seven Sydney suburbs close to key transport hubs will be rezoned to deliver additional housing to the areas.
As part of the NSW Government’s Transport Orientated Development program, the high-priority locations – in Bankstown, Bella Vista, Crows Nest, Hornsby, Kellyville and Macquarie Park – will also accommodate schools, health services and public spaces. As well, councils will have options to nominate special entertainment centres.
The government has also committed $520 million to fund community infrastructure such as recreation facilities, plazas, and road upgrades.
Released by the NSW Government, the masterplans have the capacity to deliver more than 58,000 new homes – including 18,000 in Homebush, 14,000 in Bankstown and 9,600 in Macquarie Park. Included in the masterplans is an affordable housing rate of 3% and higher affordable housing rates of up to 18% across all seven sites.
Proposals which are more than $60 million (or approximately 100 homes) will have access to the State Significant Development pathway, which will provide an assessment within 275 days. Also, residential developments will be exempt from design competitions.
The rezoning masterplans were finalised following a six-week community exhibition period which concluded in August.
