Ryde housing supply forecast: 10,000 new homes by 2023

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New housing forecasts show development pressures in Ryde will hit even harder over the next five years.

The NSW Planning Department’s latest housing supply estimates reveal Ryde will have an extra 10,000 new dwellings by 2023 to squeeze in thousands of new residents.

It represents a 46 per cent increase in the State Government’s housing demands for Ryde, following the previous five-year forecast to 2021 of 7600 new dwellings.

And it flies in the face of a pre-election promise by Ryde State Liberal MP Victor Dominello, a senior minister in the Berejiklian Government, to put the brakes put on development in his electorate.

“I am demanding a slashing of Ryde’s housing targets to reflect the targets set for Hunters Hill and Lane Cove,” the new Customer Service Minister posted on his Facebook page on October 31 last year.

The new housing figures, released a day before the Federal Election, show Ryde’s target is significant higher than those of Lane Cove and Hunters Hill, which are 2700 and 150 respectively.

Mr Dominello’s opposition to development in Ryde led to what’s been described as “The Dominello Effect”, where other politicians have followed his lead in calling for a building slowdown across Sydney.

And it’s also seen Australia’s richest property developer, Harry Triguboff, sue the State Government over delays to his high-rise building proposal at 112 Talavera Road, Macquarie Park.

 

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