- Share:
The Sydney Housing Supply Forecast provides information on where, when, and how many new homes are likely to be built within the city. Updated yearly, the forecast is used across Government to inform infrastructure planning and service delivery to support new housing development. It also informs decisions on future land use zoning to ensure adequate levels of new housing supply are maintained.
The forecast is one indicator of whether additional demand can be met within existing planning controls and economic conditions. The forecast also considers current residential developments that are either under construction or approved for development, as well as analysis of likely future development under current zoning and planning controls. Information gathered from local councils and industry is also reflected in the forecast data.
Sydney’s population is projected to grow by an extra 2.4 million people between 2016 and 2041, resulting in the need for around 1.03 million additional homes over the same period.
The forecast methodology is outlined further in the Explanatory notes.
The Department forecasts the construction of 191,050 homes in Greater Sydney in the next five years (2019-2020 to 2023-2024), based on current programs and initiatives. This is an 8 per cent increase, or an extra 14,550 new homes, compared with the last five years (2014-15 to 2018-2019) when 176,500 new homes were completed.
This high level of new home construction comes on the back of strong housing approvals and commencements, a healthy economy and record low interest rates. In 2018-19 a record 42,750 homes were completed across Greater Sydney.
The map below shows the distribution of the 2019 Sydney Housing Supply Forecast across all 33 Local Government Areas (LGAs) in the Greater Sydney Region.
Note: click on the 'New housing supply by LGA' map to view a larger version.
Page last updated: 29/09/2020