The Department forecasts the construction of 191,550 new homes in Greater Sydney in the next five years, based on current programs and initiatives. This is a 22 per cent increase, or an extra 34,300 new homes, compared with the last 5 years when 157,250 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 2017-18 a record 42,500 homes were completed across Greater Sydney.
Page last updated: 17/05/2019