Earlier this year, the NSW Planning, Industry and Environment department upgraded its housing targets, which lumped even more development on Sydney’s migrant-stuffed west while reducing the development load on the wealthy east and northern beaches:
Planning Minister Rob Stokes said development was taking place at different rates in response to planning, infrastructure and market activity…
Areas earmarked for the most development over the next five years include Blacktown (18,700 new dwellings), Parramatta (17,800), City of Sydney (13,650), Cumberland (12,650), Liverpool (12,750), the Hills (12,700), Camden (10,900) and Bayside (10,000)…
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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.
