Independent Panels May Grant Development Approval, Bypassing Councils

The Planning Minister in NSW, Anthony Roberts, is looking into establishing independent panels to grant development approval.

What this shows is strong pressure from the NSW State Government on councils to allow for development, in a bid to tackle run away house prices. The reason being, and as mentioned in our previous post on housing affordability “Increasing supply to tackle growing property values“, a potential solution to ever growing property values is to increase supply.

Local councils in well-established suburbs are notoriously anti-development in an effort to maintain the character and a feel of a suburb or street, keep population density levels under control and perhaps even too protect (or enhance) local residents property values. In our previous post, we shared a letter which I received from the Boroondara local council, urging occupants and owners to email the Minister with their concerns over the relaxation of rules around development. It will be interesting to see if the Victorian State Government will follow suit and look at independent panels as another solution to improving housing affordability.

The juggling act for government and councils alike is maintaining a balance between providing supply whilst maintaining the character and feel of our suburbs. We cannot just throw the keys to Pandora’s box to developers to randomly butcher parts of our most beautiful and historical streets and suburbs!

There is always two sides to every story. The challenge is to get the balance right – not an easy prospect. Perhaps rightfully, the pendulum is swinging somewhat towards increasing supply given the current environment!

 

All the best with your Property Planning.

By |2017-08-24T15:34:08+10:00April 12th, 2017|

About the Author:

David Johnston
David is the Founder and Managing Director of Property Planning Australia, author of ‘How to Succeed with Property to Create your Ideal Lifestyle’, co-author of ‘Property for Life – Using Property to Plan Your Financial Future’ and a widely-published media commentator. With more than 20 years of experience, David is passionate about educating others to make informed, and ultimately, more lucrative property investment decisions. David established Property Planning Australia in 2004 – with the vision to educate and empower Australians to make successful property, mortgage strategy and money management decisions.  Property Planning Australia’s operations have earned acclaim and national industry awards for its unique fusion of property planning, education, money management, mortgage strategy and risk management. All supported by multi award winning customer service.
Stay Infront of the Property Market

Sign up to our newsletter