The New South Wales government’s infrastructure investment is a leading example for the rest of the country, which has struggled to keep up with a booming population.
Speaking at the Australian Property Institute’s National Property Conference on the Gold Coast, Urbis Director and Chief Economist, Nicki Hutley said NSW’s recycling of assets has seen an absolutely massive investment into infrastructure.
“In road, in rail, light rail, and then soon to becoming the Western Sydney airport – (it is a) massive boost for the New South Wales economy, creating jobs just as they’re needed when some sectors are not doing so well,” she said.
“With an economy in flux, we need to make sure we have the best kind of infrastructure, and that means finding ways to finance that infrastructure,”