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..... Australian Property Network. It's All About Property!

Posted: 2018-11-07 23:53:37

A thriving city is where one usually goes to invest. Hence, it is not surprising that the Property Council of Australia continues to push for Sydney’s growth.

Property Council New South Wales (NSW) Executive Director Jane Fitzgerald specified that the city needs a good kind of growth. In her view, this means NSW’s capital should have a continued investment in infrastructure, as well as in delivery of schools; should fast-track implementation of the Greater Sydney Commission’s district and region plans, and; have an honest conversation with the community about putting more homes near existing and planned transport infrastructure to address problems like congestion on roads.

Fitzgerald confirmed that the state is showing positive results, and said they should be encouraged, rather than curtailed.

“NSW is on the right trajectory, we have a record investment in infrastructure, low unemployment, high economic growth and a strong investment pipeline in important social infrastructure such as schools and hospitals,” she noted.

“Now is not the time to raise the white flag. Any state or local politician who suggests they can stop Sydney growing is wrong. Sydney has grown for the past 200 plus years and will continue to grow as it becomes a more vibrant, diverse and economically powerful global city.”

Supporting her proposition, Fitzgerald cited a time when NSW experienced a downturn. This was due to a wrong impression of the state that led to wrong decisions on the part of concerned authorities.

“Sydney isn’t full and the last time a Premier pretended it was the State went off the rails for years,” she said.

“Housing supply reduced to a trickle, infrastructure investment collapsed, the economy went backwards and the seeds of the housing affordability crisis were sown.”

In the end, the Property Council aims that Sydney continues to track the ladder of planned growth.

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