NSW PEC releases report addressing housing supply shortage in NSW

Earlier this week, the NSW Productivity and Equality Commission (PEC) released their ‘Review of Housing Supply Challenges and Policy Options for New South Wales’ report, addressing the critical housing supply shortage in New South Wales (NSW). It proposes a comprehensive plan to overcome barriers that hinder housing development and offers recommendations for boosting productivity and equality in the housing market. The report highlights current challenges, such as the construction sector's capacity issues, high costs, and economic feasibility concerns, and provides policy suggestions aimed at increasing housing supply quickly and sustainably.

Solve Property Group supports the implementation of the recommendations of the PEC report, but believe it stops short of addressing some of the critical elements required for the delivery of housing. Chairman Gary Prattley, and Chief Planner, Gary White have identified a few gaps which Government must urgently consider to ensure housing (and job) targets are met.

You can download our discussion paper here: