The Property Council of Australia has welcomed the decision from the NSW Government to invest $5.4m in AI as part of its Faster Planning Program.
The council has highlighted that, given the strong advocacy on AI’s role in planning from recent Property Council events and the new NSW Housing Summit Outcomes Report with the McKell Institute, AI can help improve the wider planning process throughout the industry.
Currently, there is little to no use for AI in the sector. However, with the announcement from the NSW Government, increased focus and investment in new technologies could help streamline assessment and approval timeframes for proposed developments, according to the Property Council.
“AI can improve the planning process by allowing more attention on the key issues affecting a site’s development potential without the exhaustive review of all assessment issues which sometimes sees projects trapped in the quagmire of the NSW planning system. From a global perspective there is limited use of AI technology in the construction, real estate and albeit planning sector. It remains unknown where AI will be used most in the planning, design,and delivery process. We therefore believe that this NSW Government investment in AI will help our troubled NSW planning system deliver quicker assessment and approval timeframes for proposed development. The Property Council will continue to work with the Department to explore how we can improve the planning system by using AI to look at the key issues with each site; as well as help to deliver more efficient design outcomes and overall reduced timeframes for planning assessments.”
David White, Regional Director, Property Council of Australia
Now, working with the Government to implement the use of AI within the Faster Planning Program, the council will be looking at more efficient ways to develop key sites across the country.
