The New South Wales Government has said that building new terraces could be the answer to Sydney’s affordability crisis.
The release of a draft Medium Density Design Guide by the NSW Government will help make it easier to build well-designed low rise, medium density homes across NSW.
Within the next year terraces, townhouses and dual occupancy dwellings are likely to start popping up in Sydney’s middle ring – a vast expanse of suburbs stretching from the northern beaches through Parramatta, the Canterbury-Bankstown region and down to Botany Bay – if these new guidelines proceed.
The majority of homes currently under construction in NSW are freestanding houses and apartments, however a third of homeowners surveyed by the Department of Planning said they would consider downsizing to terraces – preferences which are being driven by changing lifestyles and demographics.
Planning Minister Rob Stokes said the draft policy is intended to encourage more and better designed terraces, townhouses and dual occupancies (two houses on one block) in response to demand for this versatile housing type.
“Sydney needs more choice in housing types than we are currently building and this policy will help to deliver better quality medium-density homes,” Mr Stokes said.
“This type of housing has the added benefit of generally being more affordable too because it requires less land area.”
Guide will remove need for development applications
The draft Medium Density Housing Code contains building and design standards that promote a streamlined assessment of proposals and will apply across NSW.
The code will allow a range of homes – including townhouses, terraces, dual occupancies and manor homes – to be assessed as complying development as long as they meet specific design standards, saving time and money for homeowners.
Complying development is faster than traditional development applications, taking about 22 days compared to 71 days as it meets already agreed stringent standards and local council zoning requirements.
Proposed two storey building height limits are designed to ensure the size and scale of complying development is low rise and will easily fit into established streetscapes.
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.