MEDIA RELEASE: Urban Taskforce calls on NSW Government to reconsider additional cost impost on apartments

Urban Taskforce CEO, Tom Forrest, today welcomed the NSW Government’s announcement today to
defer the introduction of new BASIX requirements for stand-alone homes and duplexes until 30 June
2024. The deferral for this class of housing is an important recognition of the supply chain constraints and
cost pressures being faced more broadly by the development and construction industry.

However, we are perplexed over the exclusion of apartments from the transitional arrangements. The
changes will add $22,000 to the cost of a typical two-bedroom apartment in Sydney. These costs will be
passed onto purchasers. A deferral for all building types would have allowed the supply chain to gear
up for the changes.

Click here to read the media release in full.