The economics of heritage laws and housing supply
A Centre for Independent Studies policy paper by economist Peter Tulip argues that state heritage laws, especially in NSW, create significant barriers to housing supply and worsen affordability issues.
How do heritage laws affect housing supply and building costs in NSW?
Builders and developers face project delays and additional costs when heritage restrictions limit renovation or demolition work, directly affecting profitability and timeline planning.
Key takeaways
- NSW heritage legislation creates obstacles for housing supply and affordability according to CIS policy paper.
- State heritage laws add regulatory barriers that builders must navigate on renovation and development projects.
- The paper argues current heritage protections are fundamentally flawed in their implementation.
- Heritage restrictions can limit builders' ability to demolish or significantly modify existing structures.
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