15 New Priority Precincts are Announced for Sydney

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:

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.

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Dejan is the Founder & head journalist of Build Sydney. He obtained a degree in Computer Science and has a passion for urban development. He has a goal to report on Sydney's Journey from a major international regional city into a truly global city, most notably the changes in the urban landscape, high rise buildings, infrastructure and transport.

2 COMMENTS

  1. My experience is that most landowners in these locations have unrealistic price expectations and if builders/developers don’t have skilled negotiators nothing happens. My main focus has been the Frenchs Forest hospital precinct over the last 6months.

    • That is a very good point Graeme, how is development progressing within Frenchs Forest? The entire Northern Beaches Hospital Precinct looks like a massive building site when I drove past last month. I hope some solid development starts shortly.

      Additionally, the area is really calling out for some mass transit options, especially with Ingleside coming onstream soon.

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