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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 an 84 per cent increase or an extra 83,650 new homes compared with the last 5 years where 100,650 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: 01/02/2017