Housing provides shelter, well-being and financial security, and is critical to maintaining Sydney’s status as a liveable, sustainable, and productive global city.
Sydney will need around 725,000 additional homes over the next 20 years to accommodate a growing and ageing population. Sydney’s population is projected to grow by around 1.74 million people by 2036. The ageing of the population means that even without any population growth, Sydney would still need around 140,000 additional homes due to a fall in average household size (with proportionally more ‘empty nesters’ and single person households).
The Sydney Housing Supply Forecast provides information on where, when, and how many new homes are likely to be built. The forecasts are used across Government to inform infrastructure planning and service delivery to support new housing development. They also inform decisions on future land use zoning to ensure adequate levels of new housing supply are maintained.
The forecast is one indicator of the extent to which additional demand can be met within existing planning controls and economic conditions.
The forecast takes into account current residential developments that are either under construction or approved, as well as analysis of likely future development under current zoning and planning controls. The forecast also takes account of information gathered from local councils and industry.
The forecast methodology is explained further in the Technical Notes.
Page last updated: 31/01/2017