After the Sydenham-to-Bankstown Urban Renewal Strategy was shelved in favour of a new plan implementing a partnership with the local government, The Property Council of Australia said on Monday that a new plan and timetable are needed.
Poised to provide 6000 new homes close to the Bankstown, Campsie and Marrickville station precincts to mitigate congestion and provide new retail and commercial opportunities The Urban Renewal Strategy would have also allocated space to community services and creative industries.
“The decision by the Government to shelve the Strategy means we need a new plan; one that provides enough homes for our growing population, jobs for local people and appropriate local infrastructure within a clear and achievable timeframe,” Property Council NSW Executive Director Jane Fitzgerald said.
“This will be a major challenge for local government given how out of date some of the local planning instruments are; the Marrickville LEP has been in place since 2011.”
Citing projected population growth in the inner west of Sydney as well as current rental and housing affordability concerns, Fitzgerald said that the local planning instruments need to be updated as soon as possible to ensure that sufficient housing – and the associated infrastructure – can be delivered to accommodate the needs of the community and surrounding areas.
The inner west of Sydney will increase by another 51,800 people by 2036, (28.7%) according to the data from State Government
Fitzgerald added that this is the right time to implement the Greater Sydney Commission’s plans, as they provides a roadmap that all levels of government must commit to following.
“We know that good long-term planning, well informed decisions on infrastructure and sound metropolitan governance are critical to improved liveability,” Fitzgerald said.
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