The urban development sector in NSW is an essential industry that contributed 7.2% of the NSW economy pre-covid and supports around 135,000 jobs. We are an essential economic bridge to the post COVID-19 recovery. Our pre-budget submission shows that both greenfield and apartment markets face significant challenges with a loss of between $28bn and $50bn of economic output in FY23, reduced housing affordability and the loss of between 50,000 and 90,000 jobs between now and early 2023.
