logo
First look at new face of Sydney's homes

First look at new face of Sydney's homes

Perth Now6 days ago
The new face of Sydney's terraces and townhouses has been revealed as the state government opens up its design book for would-be home builders for just $1.
The NSW Labor government's New Housing Pattern Book will launch on Wednesday morning with eight terrace, townhouse, and manor house designs.
Aimed at families, couples, and downsizers, the designs have been endorsed by the Government Architect following a 2024 design competition.
For the first six months, the designs will be available for $1 each before rising to $1000, much less than the typical $20,000 price-tag for an architecturally-designed home. The NSW government has released its Housing Pattern Book, including designs by Anthony Gill. Supplied Credit: NewsWire
Premier Chris Minns said the government's Pattern Book was intended to give home buyers 'more choice, faster approvals, and affordable, high-quality homes.
'Whether you're a young person trying to get in, a family needing more space, or a downsizers looking to stay close to the community you know,' he said.
'This is a practical step to make the housing system fairer – and make sure NSW remains a place where the next generation can afford to live and thrive.'
Planning Minister Paul Scully said the government was accelerating the designs, which he described as being 'simple and cost-effective'.
'The NSW Housing Pattern Book takes the guesswork and the delay out of home-building,' he said. The designs contained in the book are intended to be adaptable. Design: Sam Crawford. Credit: NewsWire
'These designs are high-quality, easy to build, and for the first six months, they'll cost $1.
'These designs offer choice, with less complexity, making it easier to build homes in NSW.'
Housing remains the single biggest cost of living pressure in NSW, with the Productivity Commission finding Sydney was losing twice as many young people as it gained.
The designs contained in the book are intended to be adaptable to different family sizes and housing needs, including different room formations and layouts.
Each design will also be accompanied by a complimentary Landscape Pattern to help new homeowners design their own garden that 'suits the climate'.
A new approval pathway will also be implemented to fast-track building of the design-book homes, which will be subject to an advertising campaign. Each design will also be accompanied by a Landscape Pattern. Design: Sam Crawford. Credit: NewsWire
Bunnings CEO Michael Howard said the design book would provide much needed to support to the construction sector in NSW and boost supply.
'Bunnings is ready to help builders, developers and homeowners bring these architect-designed homes to life,' Mr Howard said.
The design book comes as the Minns' government continues to face pressure over housing following the failure of the Rosehill Racecourse sale.
The project would have seen 25,000 new homes and a Metro station erected on the site, but was shot down by members of the Australian Turf Club.
Mr Minns is yet to formally unveil the state government's 'Plan B' following the failed sale, with a focus on new housing developments located close to the CBD.
As part of the state budget, the government announced it would go guarantor for developers which follows the NSW Low and Mid-Rise Housing.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Disagreeing with Xi will be the real test of China ties
Disagreeing with Xi will be the real test of China ties

AU Financial Review

time2 hours ago

  • AU Financial Review

Disagreeing with Xi will be the real test of China ties

During his six-day trip to China, Prime Minister Anthony Albanese trotted out the well-worn Labor line: 'We will co-operate where we can, disagree where we must and engage in our national interest', which aptly summarises his attempts to walk a diplomatic tightrope with our largest trading partner. Yet what the longest visit by an Australian leader to China in living memory tangibly means for the nation and our security is debatable.

Millions to win from huge change to this debt
Millions to win from huge change to this debt

Perth Now

time4 hours ago

  • Perth Now

Millions to win from huge change to this debt

The Albanese government has chosen their first winners in the new parliament, as it promises to shave 20 per cent off all student debt in its first sitting week. Labor is set to introduce legislation as parliament returns this week that will wipe $16bn in student debt for approximately three million Australians. It will target loans including HELP debt, VET loans and apprenticeship loans. The government said the average debt-holder will have a $5520 reduction. NewsWire / Jeremy Piper Credit: News Corp Australia According to calculations from the government someone with the average HELP debt of $27,600 will have $5520 wiped from their outstanding loans. People at the upper end of debt, exceeding $60,000, could see a reduction of more than $12,000. The legislation, if it passes, will also raised the minimum repayment threshold from $54,000 to $67,000, meaning low-income earners will not have to start paying back their debt. Following the passage debt-holders will not have to do anything to get the reduction, it will be applied by the Australian Taxation Office automatically. Education Minister Jason Clare said the change would 'take a lot of weight off the shoulders' for recent graduates 'You don't start paying off your university degree until your degree starts to pay off for you,' he said. Education Minister Jason Clare said the reform will 'take a lot of weight off' young people. Canberra. NewsWire / Martin Ollman Credit: News Corp Australia The reform was first promised in November 2024, well before the election, after the government changed the way student loans were indexed. At the time this brought down student debts by about $3bn. Prime Minister Anthony Albanese announced the 20 per cent reduction following the indexation reform as a pitch for his government to make the education system 'fairer and affordable for every Australian'. 'No matter where you live or how much your parents earn, my Government will work to ensure the doors of opportunity are open for you,' Mr Albanese said in November. Now, with the new Parliament beginning on Tuesday, the government is promising the 20 per cent cut will be the first thing it does. 'We promised cutting student debt would be the first thing we did back in Parliament,' Mr Albanese said. 'And this week we're introducing the legislation to make it happen. 'Because getting an education shouldn't mean a lifetime of debt.' Prime Minister Anthony Albanese said the reduction would be the first thing his new government does. NewsWire / Martin Ollman Credit: News Corp Australia The legislation will be introduced on Tuesday, but the government will need the support of either the Greens of the Coalition to get the it through the Senate. This means it will likely be a few weeks before it actually comes into effect. Both the Greens and the Coalition have indicated they are unlikely to block the bill, but both have voiced concerns. Liberal education spokesman Jonno Duniam told the ABC's Insiders program on Sunday that Australians 'spoke pretty clearly at the last election' about this key Labor policy. 'We're not really in business of standing in the way of cost-of-living relief,' Senator Duniam said. 'We'll go through our process but I expect this will pass the parliament.' Senator Jonno Duniam indicated the Coalition would likely help pass the bill. NewsWire / Martin Ollman Credit: News Corp Australia For their part, the Greens requested the Parliamentary Library analyse how much the debt reforms will reduce balances since 2022. It found that a student who had a $30,000 debt in 2022 would have a $27,619 debt after the 20 per cent cut, meaning it would only be a 7.9 per cent cut on that 2022 level. This is because student debt increases each year relative to inflation. The Greens position is that it wants all student debt to be wiped and free university and TAFE to be reintroduced. Greens higher education spokeswoman Mehreen Faruqi said that 'one-off debt reduction won't fix the enormous burden' of university fees and outstanding student debt. 'Of course any student debt relief is better than none, but we are demanding all student debt be wiped and a return to free uni and TAFE, funded by taxing big corporations to pay their fair share,' she said. Greens higher education spokeswoman Mehreen Faruqi said the change will not fix 'the enormous burden' of student debt. NewsWire / Luis Enrique Ascui Credit: News Corp Australia Student debt massively increased since the previous Coalition government introduced its 'Job-Ready Graduates' scheme in 2021 which increased the costs students have to pay for degrees that were purportedly less desirable. This was designed to incentivise students to study degrees in fields such as science and engineering. In practice there was only a marginal reduction in the number of students studying arts degrees, but the costs for those courses increased as much as 140 per cent – massively increasing the debt burden for some students.

ASX falls to worst day since April
ASX falls to worst day since April

Perth Now

time4 hours ago

  • Perth Now

ASX falls to worst day since April

Australia's sharemarket had its sharpest one-day fall since the fallout from Donald Trump's 'Liberation Day' fallout smashed markets in early April, as investors sold down their big four bank shares ahead of company results. The benchmark ASX 200 slumped 89 points or 1.02 per cent to 8,668.20. The massive falls came just a single trading day after the benchmark had its best gains since the mid April recovery. Even with the large falls during Monday's trading, the ASX 200 still had its second highest ever close. The broader All Ordinaries also fell 80.60 points or 0.89 per cent to 8,926.20. The local dollar eked out a small gain and was buying 65.13 US cents at the time of writing. ASX slumps to its worst day since the post Trump Liberation Day falls. Photo: Gaye Gerard / NewsWire Credit: News Corp Australia Banks, consumer discretionary and property stocks led the declines with the market heavy financials slumping 2.51 per cent. Westpac was the hardest hit of the big four banks down 3.61 per cent to $33.07, while CBA slumped 2.52 per cent to $177.87, ANZ sank 2.50 per cent to $30.05 and NAB slid 2.40 per cent to $38.25. Consumer discretionary stocks also slumped during Monday's trading. Wesfarmers fell 0.97 per cent to $83.75, JB Hi Fi dropped 1.48 per cent to $105.91 and Eagers Automotive slumped 3.58 per cent to $18.88. IG market analyst Tony Sycamore said Monday's sharp fall is the largest since the Liberation Day sell-off in early April and is almost twice the size ASX futures predicted when they closed 49 points lower on Saturday morning. 'In the absence of any fresh news, today's pullback is possibly related to profit taking ahead of the August earnings season which will likely highlight stretched valuations with certain sectors, particularly the banks,' he said. Meanwhile the major iron ore miners were one of the bright spots on the market, after the price of the underlying commodity continued its march higher. Iron ore futures rose 1.2 per cent to $US99.50 a tonne. The major miners were the rare bright spot on a sea of green. NewsWire / Jeremy Piper Credit: News Corp Australia Shares in BHP rose 0.42 per cent to $40.46, Rio Tinto gained 1.19 per cent to $114.46 while Fortescue climbed 1.47 per cent to $17.25. In company news, AMP shares jumped 9.77 per cent to $1.68 after announcing its latest results. According to its latest statement AMP's superannuation division posted its first net inflow since 2017, along with growth in its platform and rising assets under management. Shares in Afterpay's parent company Block soared 11.18 per cent to $122 after cracking the US S & P 500. Block will replace Hess Corp after it was acquired by Chevron. Australian home builder AV Jennings is up 1.50 per cent to $0.68 after it announced a fully franked special dividend of 16.7 cents per share on the condition it can be acquired by American real estate firm Proprium Capital Partners. Shares in Cromwell Property Group jumped 8.22 per cent to $0.40, after announcing Brookfield has signed a binding sales and purchase agreement which is subject to the Foreign Investment Review Board approval. Investsmart Group shares also soared 9.09 per cent to $0.12 per cent after the business announced a jump in total funds under management and strong performance fees revenue.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store