5. What is Urbis’ view of the Housing and Jobs targets?
Housing targets for the Central and West Districts are broadly in line with their current share of population.
The strongest growth in housing delivery is targeted for the West Central and South West Districts which are expected to deliver close to half of the new housing across metropolitan Sydney over the next 20 years.
In contrast, the North and South Districts are expected to deliver a disproportionately lower share of new housing if assessed relative to their current share of population. They account for 35% of the Sydney population but are only expected to deliver a much lower 25% of new housing over the next 20 years.
In terms of housing targets by Local Government Area (LGA), the highest targets are set for Sydney, Ryde, Canterbury Bankstown, Cumberland and Parramatta LGAs. These targets are laudable as they will leverage the strong access of these LGAs to jobs, amenities and public transport. This represents an efficient means for Sydney to grow.
However, the relatively modest housing targets set for the Inner West, Sutherland and Willoughby LGAs are quite disappointing as these LGAs have some of the strongest access to jobs, amenities and public transport.
The focus on centres in setting job targets is commendable as this strategy will further leverage the infrastructure and amenities already found in most centres. This strategy will also facilitate economic agglomeration benefits that will strengthen the efficiency and effectiveness of centres in future.
The highest job targets have been set for Central Sydney, Greater Parramatta and Western Sydney Airport. This is consistent with the focus of Sydney 2056 to deliver three great cities.