The NSW Government & Planning NSW has announced fifteen new Priority Precincts to provide more homes and jobs close to public transport, shops and services.
These new precincts include:
- Belmore and Lakemba
- Burwood, Strathfield, and Homebush
- Campsie and Canterbury
- Frenchs Forest
- Leppington Town Centre
- Anzac Parade
- Schofields Town Centre
- Seven Hills and Wentworthville
- St Leonards and Crows Nest
- Turrella and Bardwell Park
This announcement comes part in parcel with the NSW Government housing affordability package which included stamp duty exemptions on homes up to $650,000 & stamp duty discounts up to $800,000.
The aim of the 15 priority precincts in conjunction with the NSW housing affordability package to reduce pressure from the supply side of the economic equation. Most housing will lead to lower prices & therefore more affordable options for first home buyers as opposed to having a market geared to investors.
All these priority precincts have good transport & station access, making them the perfect places to increase density. It should also improve the amenity for existing residents in the suburb.
More details will be announced in relation to each priority precinct over the next few months.