Housing Completion Rate In Sydney Breaks Previous Record

Housing Completion Rate In Sydney Breaks Previous Record

New South Wales Minister for Planning and Housing Anthony Roberts

Housing Completions In Sydney Smash Another Record

Victor P Taffa

New housing completions in Sydney have smashed the all-time record again, according to figures released today.

Minister for Planning and Housing, Anthony Roberts, said the Department of Planning and Environment’s data shows there were 37,608 new homes completed in Greater Sydney in the year to March 2017, breaking the previous record of 35,871 set last month.

Number of new homes completed in the year to March 2017 was also higher than in any other 12-month period in recorded history and 34 % higher than the latest 4-year average.

“This shows the New South Wales Government is committed to tackling housing supply by continually releasing and rezoning more land faster and more efficiently.” Mr. Roberts said.

“With a record $22.5 Billion pipeline of residential construction underway and $41.5 Billion investment in transport projects over the next 4 years, we are constructing the essential infrastructure to create thriving communities.”

Local Government Areas with the most homes completed in the year to March 2017 were

  • Parramatta (5,150),
  • Bayside (3,234),
  • Blacktown (2,957),
  • Canterbury-Bankstown (2,432),
  • Camden (2,366).

Housing approvals in Greater Sydney in the year to March 2017 were also at record levels with 57,345 homes approved more than 4 times greater than the number of homes approved for the 2008-2009 financial year.

“Fact that a record 74,000 residential buildings were also approved in New South Wales in the past year shows this government is getting on with the job of unlocking housing supply.” Mr. Roberts said.