SMH
·general
·3 hours ago
‘Missed opportunity’: Sale of 48 state-owned sites leads to just five DAs
Only five development applications have been lodged for 48 state-owned sites sold by the NSW Labor government since April 2025, raising concerns about land banking. Despite generating over $90 million in revenue, the lack of applications questions the effectiveness of the land audit policy, with experts deeming the sales to private buyers a missed opportunity for affordable housing development.
Summary by Glance · SMH
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