Urban Taskforce CEO, Tom Forrest, today said two new pieces of critical ABS data reveal that housing approvals in NSW remain in the doldrums while the cost of new homes rockets.
The performance of the planning system represents a massive handbrake on the NSW economy and this month’s ABS data shows the extent of the ongoing problem. We need at least 6,000 new- home approvals a month to keep pace. The monthly data saw us get close, without ever quite getting there, but then the realities of the most confusing, duplicative planning system in Australia kicked in.
The problems began when former Planning Minister Rob Stokes took control of the planning system in 2019.
Click here to read the full media release