Glossary

Glossary of Terms

Approved: this refers to development approval, where a project has been granted permission by a consent authority to commence development.

Commencement: a residential building is commenced when the first physical building activity has been performed on the site in the form of materials fixed in place and / or labour expended.

Completion: a residential building is completed when building activity has progressed to the stage where it has a water connection and can be occupied. 

Forecast: estimate of the number of new houses or dwellings that are likely to be built in the future.

Greater Sydney: The Sydney Statistical Division not including Central Coast LGA.

Greenfield: ‘raw’ land that is not used (or initially zoned) for urban purposes but identified for future urban development. 

Housing demand: the need for housing based on the number of households in the population and their willingness / ability to buy or rent in the housing market

Housing supply: is the production and provision (supply) of housing.

Under construction: a residential building which has commenced construction but has not yet been completed to a stage that allows occupation.

Urban renewal: is the transformation of existing underutilised, brownfield or low density urban areas to accommodate higher density and often mixed use developments.

Zoning and planning controls: legislative framework for regulating land use and development, including the location, density, height, and type of new residential development.

Disclaimer

While every reasonable effort has been made to ensure that these forecasts are correct at the time of release, the State of New South Wales, its agents and employees, disclaim any and all liability to any person in respect of anything or the consequence of anything done or omitted to be done in reliance upon the whole or any part of these projections.