As Sydney projects a population increase to 6.3 million by 2041, the city confronts an acute housing shortage in an already pricey market. Innovative land-use strategies are now under consideration to transform non-traditional spaces into residential areas.
Reimagining Underused Land
Globally, cities have converted cemeteries to make room for urban development, and Sydney has its own history of such transformations with places like Central Station and Town Hall. Proposals now suggest similar conversions could happen again, with additional large cemeteries located in valuable areas potentially being turned into parks or residential spaces.
Leveraging Defence Properties
The Australian Defence Force owns extensive land across Sydney, much of which could be better utilised for civilian purposes. Selling off or repurposing some of these properties could help fund defence upgrades while also freeing up land for residential development. High-value locations such as the naval base at Potts Point present opportunities for creating vibrant new communities.
Repurposing Recreational Facilities
With ongoing discussions about the utility of expansive recreational sites, there’s momentum towards transforming them into residential areas. The idea to convert Rosehill Racecourse into a residential district exemplifies this shift. Other sites like the Maroubra rifle range and Wentworth Park greyhound track also present opportunities for redevelopment into housing.
Unlocking Religious Property for Residential Use
The vast real estate holdings of religious organisations, notably the Catholic Church, represent a significant opportunity for housing development. Easing zoning restrictions could potentially lead to the construction of thousands of new homes, particularly if these properties are near key infrastructure like railway stations.
Adjusting Short-term Rental Regulations
The growth of short-term rentals has removed a significant number of properties from Sydney’s long-term rental market. By imposing stricter rental limitations, similar to those in Byron Bay or other international cities, Sydney could reclaim these units for permanent residential use, helping to alleviate some housing stress.
Moving Forward
With these strategies, Sydney is not just addressing its immediate housing challenges but also setting the stage for sustainable growth. By creatively repurposing land and adjusting policy, Sydney can expand its housing stock and continue to thrive as a world-class city.