Despite a 300% increase in housing supply over the past 10 years, Sydney requires an additional 100,000 dwellings now and at least 725,000 new homes to accommodate 1.7 million people by
2036. That is, 825,000 homes to be delivered in 20 years, or 41,250 annually. Greater Sydney has never achieved this level of dwelling completions. With a median house price of $1,151,565
(Domain: March Quarter 2017), Sydney is currently ranked the second least affordable city in the world (2017 Demographia International Housing Affordability Survey).
The purpose of this paper is to provide the NSW Government with an Action Plan that addresses Sydney’s housing affordability crisis. The Action Plan contains outcomes and timeframes the development industry believe will improve the housing supply chain and provide for those whom are increasingly unable to afford to enter the housing market.
UDIA NSW actively represents the industry’s interests so that urban development can be undertaken positively in NSW. We advocate for access to land for development, encourage the creation of a positive regulatory environment and an equitable system of taxation and charges on consumers, all with the aim of creating amazing urban environments. We believe in supporting our members and the government collaborating to create affordable, sustainable, and liveable communities ...