“The announcement that the NSW Government will fast-track a major rezoning of Gosford City Centre, unlocking 1,900 new homes across 283 hectares, provides an exciting opportunity for the Central Coast,” commented HIA Hunter Executive Director, Craig Jennion.
“The announcement that the rezonings and consolidated planning controls for Gosford City Centre and West Gosford will be progressed under the State Significant Rezoning Policy demonstrates serious intent to tackle the housing crisis.
“Announcements such as this provide the certainty the construction sector needs. As a result, the NSW Government is giving builders and developers the confidence to invest capital and resources in Gosford.
“With high level of demand for residential building on the Central Coast, the rezoning will in time be a catalyst in alleviating pressures on the housing sector, delivering much-needed housing stock.
“Over time the supply of diverse housing will also have a significant impact on broader economic activity, which will in turn result in societal benefits.
“This precinct provides a once in a generation opportunity to be ambitious. Governments, industry and the broader community must dream big to ensure we develop this locality to its full potential,” Mr Jennion concluded.