The NSW government has spruiked the state’s highest number of homes under construction figures recorded in seven years, ‘leading the nation with more than 79,300 homes currently under construction according to the latest data from the Australian Bureau of Statistics (ABS)’.
They said, ‘NSW has also recorded the highest quarter of housing completions in six years with 13,358 homes completed in original terms. This is a 7.2 per cent increase for the same quarter last year’.
‘Commencements are also trending up with NSW recording 16,604 new homes underway, making it the highest quarter for commencements since September 2021.
‘The data also shows more projects are converting from approvals into construction with the number of approved but not commenced projects down by 18.2% compared to the September 2025 quarter.
‘This is an encouraging trend that shows the Minns Labor Government’s nation leading reforms and initiatives are getting more housing into the pipeline and importantly out of the ground.
‘Our reforms include:
- Landmark reforms to the State’s planning legislation
- The Transport Oriented Development program
- Low and Mid-rise Housing policy
- Infill Affordable Housing Scheme
- The Housing Delivery Authority
- Pre-sale Finance Guarantee
‘There’s more work to do, but the state’s landmark planning reforms which passed the parliament last year are designed make it easier to build homes in NSW.
‘The Minns Labor Government is restoring housing choice and diversity and rebalancing housing growth towards existing infrastructure to fill a gap in new housing supply that had been left unaddressed for decades.
‘The momentum we’re seeing build in the housing pipeline is exciting but we know there’s more to do as NSW and Australia faces challenging macroeconomic conditions and further uncertainty due to fuel cost increases, as a result of the conflict in the Middle East’, they added.
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