The allocation of $2 billion for western Sydney roads and associated transport infrastructure was very welcome indeed and will go a long way towards delivering the jobs and homes for western Sydney that were promised when the announcement on the Nancy Bird Walton airport was made. Indeed, this is the sort of “city making” infrastructure investment that is critical to ensuring an upward trajectory for housing supply.
Infrastructure and housing are deeply interconnected and must be strategically coordinated. Inadequate infrastructure and housing constrain productivity and can lead to challenging economic declines.
Recognizing the housing supply crisis as a primary issue and reacting swiftly with policies that drive new housing will boost productivity and address the chronic shortage. As 95% of housing supply will come from the private sector, a regulatory path and future funding must be considered to streamline housing delivery to meet National Housing Accord targets.
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