NSW achieves highest housing approvals in 20 years
PLANNING Minister Rob Stokes today welcomed new Australian Bureau of Statistics figures showing housing approvals in the 12 months to April 2015 are at their highest in two decades.
Mr Stokes said this month's approvals are up 32% when compared to the monthly average over the last five years, a strong vote of confidence in our economic plan. This has resulted in more than 55,500 dwellings being approved in the 12 months to April.
"A strong housing construction industry supports thousands of tradies, architects and engineers who are working with us to build new communities in tandem with our record investment in new public transport and roads," Mr Stokes said.
"We have worked hard to facilitate investment in new housing opportunities and we're seeing strong results. We're also working with communities to make sure their neighbourhoods are even better place to live with more parks, restaurants and shops for communities to thrive.
"We are forging ahead to unlock more land for housing supply, giving more options for home buyers and placing downward pressure on housing affordability."