For all the good news and positive intent on planning reform in all the states, today’s ABS data shows
that the Albanese Government’s National Housing Accord is in trouble, even before it officially starts.
In the biggest market, NSW, we need a massive turnaround in new home approval numbers now if we
are going to see new home completions get close to the 75,000 per year required by the Accord.
Urban Taskforce CEO, Tom Forrest, said today that ABS housing approvals data released for December
shows that on an annualised basis, the NSW housing approvals figures set a benchmark low for the
third consecutive month, once again recording the worst performance in the last decade – by a long
way, and getting worse.
A mere 44,456 new dwelling approvals were issued in NSW in the 12 months to December 2023.
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