The economics of heritage laws and housing supply
A Centre for Independent Studies policy paper by economist Peter Tulip argues NSW heritage laws obstruct housing supply and affordability by creating barriers to development.
How do NSW heritage laws affect housing development and building costs?
Builders and developers face project delays and increased costs when working on or near heritage-listed properties, directly impacting job timelines and profitability.
Key takeaways
- NSW heritage legislation creates significant barriers to new housing development and supply.
- Heritage laws are identified as obstacles to housing affordability by policy researchers.
- State heritage regulations may increase project complexity and costs for builders.
- The CIS describes current heritage laws as deeply flawed in their current form.
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