b'APRIL 2025Chart 8: Make up of costs of greeneld homes$1,200,000 $1,182,000$1,000,000$606,000 $866,000 $843,000$800,000$600,000 $492,000 $495,000$400,000 $284,000$154,000 $126,000$200,000 $228,000$193,000 $181,000$- $64,000 $27,000 $41,000Sydney Melbourne BrisbaneResources Regulatory Charges Statutory Charges Infrastructure ChargesSource: The Centre for International Economics, (2025). Taxation of the housing sector, p.13,originally published 3/3/2025, accessed on 27/3/2025At the end of June 2024, NSW was the homeThe identification of the problem of housing supply for 31.19% of the Australian population, close toand affordability is clear. The cause of the problem 1.5 million people more than the second mostand related solutions are more complex. They populous state, Victoria. 13When NSW sneezes,reflect the detail of the differences in the rules, the Australian economy catches a cold. That isregulations, taxes, fees, charges and culture of the certainly true of the property development andrelevant assessors and decision makers in each construction sector. state/jurisdiction.The cost of housing in Greater Sydney (inThere are many drivers of cost in housing supply particular) and the material impact this is havingand governments have a very large role in pushing on decisions to rent, establish or purchase a home,them up or down.is resulting in an exodus from NSW to other capital cities (Melbourne and Brisbane in particular).Not only does Sydney have the highest housing According to the NSW Productivity Commissioner,and rental prices, Sydney also has the highest land Sydney is losing its 30-40-year-olds; if we dontprice, which is a significant factor in pushing up the act, we could become known as the city with noend sale price from the actual construction cost. grandchildren. 1413 ABS, (December 2024), National, state and territory population, June 2024 data, accessed from:https://www.abs.gov.au/statistics/people/population/national-state-and-territory-population/jun-202414 Achterstraat, P. (February 2024), Media Release Allow more inner-Sydney housing to stem exodus of youngfamilies, Accessed from: https://www.productivity.nsw.gov.au/sites/default/files/2024-02/20240213-media-release-what-we-gain-by-building-more-homes-in-the-right-places.pdf14'