Sun, December 8, 2024
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Over 75,000 approved homes yet to commence construction

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Doubts over the effectiveness of the government's planning reforms are growing with data that shows a huge lag between approved DAs and new builds.
The article from the Sydney Morning Herald discusses the significant housing construction delays in New South Wales, Australia. Despite the approval of over 75,000 homes, construction has not yet commenced on these projects. This backlog is attributed to various factors including economic conditions, labor shortages, and increased construction costs. The situation has led to concerns about meeting housing targets and addressing the state's housing crisis. The article highlights the frustration of potential homeowners and the government's struggle to incentivize builders to start projects. It also touches on the broader implications for urban planning and the potential need for policy interventions to stimulate construction activity.

Read the Full Sydney Morning Herald Article at:
[ https://www.smh.com.au/politics/nsw/over-75-000-approved-homes-yet-to-commence-construction-20241120-p5ks2r.html ]