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  • Annual Statewide approvals remained high at 70,897 in July 2017.
  • Approvals for multi-units have moderated since the peak in late 2016. This can be attributed to a backlog of residential projects that are fully approved but have not commenced (which is double the historical average), and a tighter restriction on finance and policy measures targeting foreign investors.
  • Strong population growth in NSW should ensure that approvals remain at high levels.

 

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NSW Housing Approvals Data snapshot

 

More information on housing supply:

 

Page last updated: 11/05/2018