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The Department forecasts the construction of over 180,000 new homes in Sydney in the next five years, based on current programs and initiatives. This is a 59 per cent increase or an extra 68,600 new homes compared with the last 5 years where 115,700 new homes were completed.

 

This high level of new home construction comes on the back of record housing approvals and commencements, a strong economy, high levels of population growth, a booming housing market, and record low interest rates.

 

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Page last updated: 04/04/2017