HIGHEST ANNUAL NUMBER OF HOMES BUILT IN SYDNEY’S HISTORY

Sydney’s housing construction boomed in 2017, with more homes built than ever before in a 12-month period.

The figures released today by the Department of Planning and Environment’s Housing Monitor, showed a record of 38,759 homes were completed in Sydney, exceeding the previous annual record in 2016 by more than 4,600 homes.

Two weeks ago, Australian Bureau of Statistics figures showed housing approvals across the state continued to soar with more than 70,000 home approvals granted in 2017.  This was the third consecutive calendar year that NSW recorded more than 70,000 building approvals.

Minister for Planning and Housing, Anthony Roberts, said the NSW Government was getting on with the job of delivering the homes and making it easier for first homebuyers to enter the market.

“This Government is committed to creating great communities and more liveable neighbourhoods to support Sydney’s growing population”, Mr Roberts said.

“More homes were built than ever before in 2017. This is more than two and half times the 14,140 homes built in 2010 under the then Labor Government.

“The NSW Housing Affordability Reforms package is allowing more and more residents to get into the market and realise their dream of owning their own home.”

Parramatta led the Greater Sydney LGAs with the highest number of completions in 2017 (4,218), followed by Sydney (3,607), Blacktown (2,939), Camden (2,841) and Bayside (2,302) closely followed this.