NSW set for housing infrastructure boom

Planning Minister Rob Stokes had today predicted that NSW will soon be set for a massive boom in housing infrastructure, thanks to a strong economy and the Government's increased investment in new public transport offerings. 

This prediction was made after an analysis of developments currently under way, under assessment or zoned for residential purposes.

Mr Stokes spoke of the boom and what it could mean for Sydney.  

“This is a housing construction boom the likes of which Sydney has never seen before,” Mr Stokes said. 
 
“The increased supply will allow more Sydneysiders to buy new homes, improve housing affordability and help close an undersupply gap estimated at about 100,000 dwellings,” he said.

 “This is the first time in generations that Sydney is delivering the appropriate infrastructure in place to enable new housing,” he said.
 
Statistics provided by the Sydney Housing Supply Forecast 2016 shows that the 184,300 new dwellings forecast to be built in the period 2016-17 to 2020-21 would be an 84 per cent increase on the 100,650 dwellings constructed in the previous five years and dwarfs the 69,650 dwellings in the 2006-07 to 2010-11 period.
 
Of the planned houses, The Parramatta Local Government Area will get more housing than anywhere else with 21,450 dwellings, trailed narrowly by the City of Sydney with 18,250 and Blacktown with 13,600 dwellings. 
 
“The NSW Government is taking an innovative approach to addressing Sydney’s housing needs, making it easier to build different types of homes like townhouses, terraces and dual occupancies,” said Minister Stokes. 

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