Starting April 2024, the government’s Transport Oriented Development State Environmental Planning Policy (SEPP) will reshape planning controls within 400 meters of 31 metro and rail stations. This initiative aims to foster the construction of affordable housing options within walking distance of public transport, enhancing community accessibility.
Changes in Development Permissions:
- The SEPP allows for residential flat buildings in various residential zones and shop top housing in local and commercial centres within the designated radius.
Implications and Benefits:
- With the potential to create 138,000 new homes over 15 years, this policy aligns housing options with public transportation, improving accessibility and reducing commuting burdens. Mandating a 2% affordable housing contribution ensures housing remains within reach for essential workers, promoting inclusivity.
Addressing Affordability:
- The government’s mandate for affordable housing contributions in designated locations prioritizes the housing needs of essential workers, facilitating proximity to their workplaces. Over time, this contribution will increase to further support equitable community development.
The Transport Oriented Development Policy marks a pivotal step towards accessible and equitable housing. By integrating urban planning with public transportation, we can build vibrant communities where housing is a fundamental right.
Where will it apply?
- Adamstown
- Ashfield
- Banksia
- Berala
- Booragul
- Canterbury
- Corrimal
- Croydon
- Dapto
- Dulwich Hill
- Gordon
- Gosford
- Hamilton
- Killara
- Kogarah
- Kotara
- Lidcombe
- Lindfield
- Marrickville
- Morisset
- Newcastle Interchange
- North Strathfield metro
- North Wollongong
- Rockdale
- Roseville
- St Marys metro
- Teralba
- Tuggerah
- Turrella
- Wiley Park
- Wyong
To understand how these proposed changes might impact the value of your home and explore opportunities in your area, we encourage you to get in contact with one of our team!