Urban Taskforce CEO, Tom Forrest, said that today’s ABS housing approval figures for NSW showed the enormous size of the task ahead of Premier Chris Minns if he is to get close to the National Housing Accord target.
Today’s ABS figures show modest improvement in the performance of the planning system over the past month will approvals rising from 3,361 dwellings in July to 3,802 in August 2023.
To achieve the National Housing Accord’s revised targets for completed new homes, NSW needs to see at least 90,000 approvals a year in order to get 76,000 new homes completed*. 90,000 new dwelling approvals equates to 7,500 each month.
The 12 months to August 2023 saw only 48,765 new dwellings approved in NSW, the second lowest 12-month result in the last 10 years.
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