Wednesday
Dec192012

Sydney housing crisis deepens as outer suburbs fall further behind on new home building targets

The McKell institute calculated that in the first quarter of the year just 322 homes were built in south-west Sydney – comprising Camden, Campbelltown, Liverpool, Wollondilly – 1,291 fewer than required under NSW government targets, and representing a shortfall of 75.1% for the quarter.

Similarly, in the north-west growth corridor – comprising Blacktown, Blue Mountains, Hawkesbury, Penrith and The Hills – there were only 562 homes built, compared with a target of 1,408 – a shortfall of 60.1%.

Just two zones met their targets in the first quarter of the year, including eastern Sydney, which has the smallest government requirement and comprises some of the most expensive property in the city in the suburbs of Botany Bay, Randwick, Waverly and Woollahra.

« NSW housing completions up 35% but approvals still lag behind Melbourne | Main | 40 things we can do in NSW to improve housing supply and affordability »

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