NSW Government plans slum future for Sydney

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The NSW Government wants to accelerate approvals for higher density developments across Sydney’s ‘missing middle’ suburbs by making it easy to subdivide blocks. Specifically, the government wants to give developers the ability to build without lodging a development application and without having to notify neighbours. From The ABC:

Sydney’s population is expected to swell to more than 8 million over the next 40 years.

In a bid to begin catering for those extra residents, the Berejiklian Government last year introduced laws that make it easier to carve up existing blocks and build terraces, duplexes or manor houses…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.