More houses were built in Sydney in 2016 than at any time in almost half a century, according to figures released today.
“New housing completions in Sydney hit the highest level for 45 years last year and look set to reach an all-time record later this year,” Minister for Planning and Housing, Anthony Roberts, said.
The Department of Planning and Environment’s Metropolitan Housing Monitor shows 34,121 houses were completed in Greater Sydney in 2016, which is 25 per cent higher than in 2015 (27,348) and two and half times the number in 2010 (14,008).
Mr Roberts said the figures showed the NSW planning system is helping to deliver more homes across the city. “With record numbers of homes under construction we are expecting to see more records broken in 2017”.
“This is great news for people trying to enter the housing market and a sign that the NSW government is increasing housing supply.
“Overall housing approvals have reached record highs, with more than 310,000 new homes approved since March 2011. These approvals are translating into homes being built.
“With a record $22 billion pipeline of residential construction underway or 78,400 homes, the NSW Government is doing a lot, but we are committed to making housing more affordable and continuing to increase housing supply is a great help in reaching that goal.”
New housing construction was spread across the city. The Local Government Areas with the most new homes completed were Parramatta (2,968), Blacktown (2,776), Camden (2,144), the Hills (1,976), Sydney (1,903), Liverpool (1,478) and Auburn (1,377). Half of all the detached homes were built in Blacktown, Camden and Liverpool.
In 2016 the total number of housing approvals in Greater Sydney reached 54,722, which is more than 18,000 higher than 2010.
07.03.2017 | pdf | 199.5 KB