The economics of heritage laws and housing supply
A Centre for Independent Studies policy paper by economist Peter Tulip argues that state heritage laws, especially in NSW, create significant barriers to housing supply and worsen affordability issues.
How do heritage laws affect housing supply and building costs in NSW?
Builders and developers face project delays and additional costs when heritage restrictions limit renovation or demolition work, directly affecting profitability and timeline planning.
Key takeaways
- NSW heritage legislation creates obstacles for housing supply and affordability according to CIS policy paper.
- State heritage laws add regulatory barriers that builders must navigate on renovation and development projects.
- The paper argues current heritage protections are fundamentally flawed in their implementation.
- Heritage restrictions can limit builders' ability to demolish or significantly modify existing structures.
Related
Local government incentives are the right move for housing supply
Urban Taskforce Australia backs NSW Government's plan to give infrastructure grants to high-performing councils as a way to boost housing supply. Acting CEO Paul Waterhouse called the approach sensible.
Why it matters: Builders and contractors in NSW may see more residential development projects flow through councils rewarded with infrastructure grants, potentially increasing local workloads.
NSW launches new groundwater pilot initiative to fast-track housing approvals
NSW is investing nearly $500,000 in a groundwater pilot program in Sydney's Sutherland Shire to reduce planning delays and speed up housing approvals.
Why it matters: Builders and plumbers in the Sutherland Shire may see faster site approvals. Quicker planning decisions could mean shorter project lead times and less downtime between jobs.
NSW invests $54M to fast-track local infrastructure across 30 councils
NSW is investing $54M across 30 local councils to build roads, parks, and sporting facilities to support housing growth. Funds target top-performing councils across the state.
Why it matters: Builders and civil contractors may see increased local infrastructure work as councils unlock new project funding tied to housing growth areas.