The New South Wales government has announced major changes to NSW’s planning system in a bid to speed up housing approvals and meet its target to build 377,000 homes by 2029.

“Sydney is the second-least affordable city in the world,” the NSW premier, Chris Minns, said as he announced an overhaul of the 50-year-old Environmental Planning and Assessment Act on Wednesday.

“Families, young people, downsizers, are all negatively impacted by the myriad maze of planning regulations … and it’s having a massive impact on our economy and our community.

“Between 2016 and 2021, Sydney lost twice as many young people between the ages of 30 and 40 as it gained: 35,000 came to Sydney but 70,000 left. This is the next generation of young Australians, the people that we want writing the next chapter i

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