PROPERTY WILL GET A LONG-TERM BOOST BY CUTTING PLANNING RED TAPE

Holdmark Property Group congratulated the NSW Government for delivering a supportive and far-reaching State Budget that stimulates significant new property initiatives by providing an impetus for important new projects and employment.

“This is the shot-in-the-arm that Sydney and NSW require to get the economy on track for long-term recovery,” Holdmark’s Founder and CEO Mr Sarkis Nassif said. “The property industry has been called upon to play a leadership role, and we are willing to do just that.”

Mr Nassif said it was heartening to see that the Government had committed to reducing red tape and complexity in the planning system, bringing NSW in line with other States. “I would like to see us become a leader in this field.”

He also said that the promised reform of infrastructure contributions was welcome so long as it achieved its goals of increasing certainty and simplicity.

The move to make planning more flexible to encourage a broader range of activities within employment zones and reducing constraints on businesses would have a long-term impact as well as providing immediate impetus.

It was important that the government was committing $45.8 million to implement the next phase of end-to-end digital planning through the ePlanning program.