NSW has experienced it 45th consecutive month of record housing approvals - far exceeding the Premier’s Priority Target of 50,000 approvals, the latest data from the Australia Bureau of Statistics (ABS) shows.
NSW leads the nation in housing approvals with 68,945 new homes approved in the past 12 months to September 2017.
Minister for Planning and Housing, Anthony Roberts, said strong housing approvals would ensure there was enough homes to accommodate the extra 2.2 million people expected to be living in NSW over the next 20 years,” Mr Roberts said.
“It is important that we continue to enable first home owners to enter the market – and that is achieved through supply,” Mr Roberts said.
He said the latest figures for Greater Sydney saw 36,097 approved dwellings - an 18 per cent increase in dwelling completions in the 12 months to August 2017, compared to the 12 months to August 2016.
“In fact, since June 2011, the number of homes under construction has increased by 156 per cent.
“As government, it is essential we prepare for the future by ensuring our children and grandchildren will have the opportunity to own their own home.”
NSW housing approvals in the 12 months to September 2017 are up by 96 per cent compared to 5 years ago (35,260) and the state has led the country in housing approvals for more than two years.
03.11.2017 | pdf | 118.9 KB