The Housing Supply Quarterly Insights Monitor (the monitor) pulls together housing data and evidence-based insights into a transparent and easy-to-read resource for councils, the development industry and the community.
The monitor outlines how many homes are needed to house NSW’s growing population into the future and how the housing supply pipeline is tracking quarterly to reach its targets.
The monitor uses latest data from a number of sources, including the Planning Portal, population and implied dwelling projections from the department’s demography team and Australian Bureau of Statistics.
The monitor provides insights into the state of housing supply in NSW across different regions in the context of larger scale factors such as broader monetary, tax and immigration policies, labour supply, global economic conditions, supply chains and natural disasters.
The Housing Supply Quarterly Insights Monitor is a part of the NSW Government’s efforts to take a proactive approach to increasing the housing supply in NSW, using data and evidence-based insights as guidelines.
You cannot plan for the future without knowing where you are at the present and the monitor provides regular and transparent public information about the housing supply pipeline in NSW to give visibility on how the State is progressing to meet its housing targets.
The monitors will be released every quarter, as soon as all the data and insights have been collated following the end of each quarter, starting from the release of the first monitor which captures quarter 1 of Financial Year 2022-23 (1 July to 30 September 2022).
Month-by month data is subject to a lot of variation. A solid three-month collection of data and insights is a better way to understand what’s going on and support the evidence-based decision-making needed to enable housing delivery.
The NSW Government is working closely with councils, the development and housing industries to ensure the pipeline of new housing supply can be delivered long term.
The ability to deliver new homes is influenced by the performance of the planning system. However, there are a range of other important factors that can affect housing completions, such as changing market conditions (where projects are no longer feasible), difficulties accessing finance, developer priorities, shortages in materials due to global supply chain issues that make construction too costly and shortages of skilled labour needed to build houses, especially in the areas where they are needed the most.
The monitor provides timely information on all issues affecting the delivery of new homes, so developers and councils have the latest data to be able to plan for the future delivery of thousands of homes a growing NSW needs.
NSW is projected to need 904,000 new homes by 2041. This means we need to deliver 45,200 new dwellings per year, including 28,500 in Greater Sydney and 16,700 in regional areas. If housing needs or targets change in the future the data available through the monitor will help us to understand what we might need to meet them.
It is a priority of the NSW Government to increase housing supply throughout NSW.
The NSW Government has a large number of programs specifically designed to support councils with funding, resources and capacity building for planning and providing the infrastructure needed to enable housing delivery, including:
- The Unblocking Homes Program, an $11.5million package of 7 initiatives to support councils with funding and resources to move a backlog of planning proposals and development applications stuck in the system to deliver tens of thousands of homes.
- In August 2022, the NSW Government adopted all recommendations of the Regional Housing Taskforce, established in response to increasing pressures on the supply and affordability of housing.
- As part of a comprehensive response, the NSW Government aims to unlock 127,000 new homes needed to house the growing regions over the next 10 years, supported by the Regional Housing Development Program.
- In August 2022 the NSW Government launched the Regional Housing Strategic Planning Fund that makes up to $12 million in grant funding available over 4 years to support regional councils in their strategic planning to help deliver new housing to meet community needs.
- In December 2022 the NSW Government announced 19 councils had been successful in securing a total of nearly $4 million for 20 projects in round 1 the Regional Housing Strategic Planning Fund.
- Also in August 2022, the NSW Government launched Round 3 of the successful Accelerated Infrastructure Fund (AIF) program with $300 million of grant funding available for councils, state agencies and utility providers in 41 high-growth local government areas.
- The funding is available for projects that best accelerate the delivery of infrastructure that enables housing, for example to deliver roads, stormwater, electricity infrastructure, and public open space projects.
- AIF Round 3 builds on the success of the first two rounds that saw the NSW Government work in partnership with councils to accelerate $667 million in funding toward infrastructure.
- Nearly 40 projects that unlock land for more than 100 000 homes, 685 hectares of employment land and create more than 3,220 jobs are currently being delivered from this fund.
- In December 2022 the NSW Government launched the $73.5 million Rezoning Pathways Program, to deliver and support strategically important rezonings and support home ownership by enabling a continual pipeline of housing supply across NSW.
- Under the program, the department has created 2 pathways for State or regionally significant planning proposals to benefit from state involvement to unlock new housing:
- State-led – The NSW Government is leading the rezoning work from start to finish
- State-assessed – The NSW Government is responsible for assessing planning proposals
- An initial 10 land rezonings has been announced in the program to unblock an extra 70,000 homes across NSW:
- State-led:
Broadmeadow, Newcastle
Camellia-Rosehill
Explorer Street, Eveleigh
Macquarie Park Stage 1
Orchard Hills
Parramatta North’s University and Northern sites
Riverstone East Stage 3. - State-assessed:
Appin
Gilead
North Appin.
- State-led:
- Under the program, the department has created 2 pathways for State or regionally significant planning proposals to benefit from state involvement to unlock new housing:
The housing supply pipeline is made up of the 5 coordinated stages required for new housing to be delivered - from identifying the need for housing through to keys in the door of a fully serviced home.
The stages are: strategic planning | zoning | infrastructure servicing | development approval | house construction and completion.
The pipeline and its stages are explained more fully in the monitor.
A coordinated approach is needed to manage the housing supply pipeline through all 5 stages.
The NSW Government plays a key role in providing value at crucial stages of the pipeline, including speeding up rezoning timeframes, supporting councils and the development industry to progress assessments and funding critical housing-enabling infrastructure.
The monitor is available at Housing supply insights.
Email the monitor team on [email protected]