Has the National Housing Accord made your property more valuable -John McGrath

You may be wondering how a national housing scheme centred around building more new homes could make your existing property substantially more valuable. Let me explain.

The National Housing Accord is a federal initiative designed to address Australia’s housing shortage. The aim is to build 1.2 million homes in good locations over five years (between FY24 and FY29).

All levels of government are involved in making this happen by streamlining local council planning approvals, increasing construction capacity, attracting private sector investment, and other things.

Each state and territory is implementing their Accord commitments in their own way.

So, what does this mean for you?

I’m going to use what’s happening in NSW as a case study to explain it.

Essentially, for homeowners in NSW, your property may be worth more right now because of two stages of zoning changes that have already been implemented over the past nine months.