It’s now been three months since we first heard of the various NSW planning #reforms, and people still have a lot of questions!
The most important question is: which of the reforms are actually going to happen? Unfortunately this is the hardest one to answer because of the political dynamics. How committed is the #NSW Govt to what they have proposed? How hard will they push through negative responses? It is truly anyone’s guess.
The TOD SEPP (Part 2) affecting a 400m radius from 31 stations seems to be the most certain, as the Department of #Planning has said it will take effect next month. With PropCode’s database, I estimated this could create theoretical capacity for up to 137,000 dwellings. However I still don’t regard this as 100% certain. I can imagine last minute changes or delays happening.
The TOD Program (Part 1) affecting a 1200m radius from 8 stations is much more vague and will definitely take longer as it is a state-led master-planning process. Although the Department says this is meant to be finalised within 2024, there is no telling what the actual timeline might end up being or what the quantum of uplift will be.
The Diverse and Well Located Homes proposal, potentially touching most #residential properties near any station or centre, is the heaviest of the reforms. It’s caused headlines like “Entire Inner West LGA to become 6 storey apartments” (which is not really true because heritage rules will still matter). My analysis with PropCode’s database found new capacity of over a MILLION #dwellings under this reform alone. I suspect this one will be scaled back significantly before it becomes final, if it ever does.
In the meantime, the 2nd most important question is: what do the proposed reforms mean for a specific #property? Depending on your appetite to check maps, look up Local Environmental Plans, or read Explanations of Intended Effect, you may feel confident or overwhelmed trying to answer this one.
But thanks to all the analysis I’ve already done with PropCode, we can give you an instant answer. And for a limited time, we are happy to show you a free glimpse of what our platform is capable of! Just enter your property of interest here (https://lnkd.in/gPreXgJS) and you’ll get an email summary immediately, detailing what the reforms mean on that site.
PropCode is going to do big things for #urbanplanning technology in 2024 and we hope you’ll follow our journey to transform the property industry!
