ABS data shows that in NSW there were 4,332 dwellings were approved in the month of February – a 10% improvement on last month’s figures. In Victoria, there were 6,087 dwellings approved in the month of February – an 85% increase on the prior month’s poor results.
While still well off what is required to meet the Housing Accord targets – there are now signs that NSW Government’s planning reform agenda is starting to have an impact.
Annualised figures showed marked improvement, with the 12 months to February seeing almost 52,000 new homes approved – the best result over comparable periods since 2022.
But again – far fewer than what is required to meet the Accord targets.
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