Media Release: ABS Housing Approvals – the poor performance continues in NSW

Urban Taskforce CEO, Tom Forrest, said that today’s ABS housing approvals data shows that on an annualised basis, the NSW housing approvals figures for September were the worst in a decade – even worse than the COVID-wracked 2020 in terms of approvals.

A mere 46,993 dwelling approvals were issued in NSW in the 12 months to September 2023, with the data for month of September 2023 showing a 12.7% decline in the last month (since August 2023) and a 36% decline in the monthly performance compared to the same month a year ago (September 2022).

To achieve the targets of the National Housing Accord, approvals in NSW will need to be around the 90,000 figure.* This means we need 7,500 new dwelling approvals each month.


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