Snapshot
- In the December quarter, an additional 16,312 rezoning lots were approved for housing in NSW. Infrastructure servicing for 20,034 new dwellings was supported by NSW infrastructure programs, and 25,769 dwellings were approved under state and regionally significant development applications.
- Residential construction costs rose by 14.2% in 2022, contributing to the fall in building approvals and completions in NSW. Declining feasibility of residential construction projects poses a significant risk to the dwelling pipeline.
- The NSW Government is expanding its Urban Development Program to support coordination of housing delivery across the pipeline by all stakeholders. The expansion will assist NSW regions to monitor and manage land supply and residential development activity.