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Another blow for Sydney housing
Released 6 May 2011

Recent Australian Bureau of Statistics (ABS) figures have painted a grim picture for housing supply in Sydney, with an 8800 home shortfall likely in 2011.    

Urban Taskforce Australia said the official ABS figures show that housing construction in Sydney was falling well short of predictions made by the former NSW Government.

“The Keneally Government had claimed that Sydney’s weak supply of housing had ‘turned the corner’,” said Aaron Gadiel, Urban Taskforce Chief Executive.

“This was based on their prediction that Sydney’s supply of new housing would reach 24,900 homes in 2010/11, and soar to 27,000 homes soon after.

“Yet [the ABS figures] tell us that – even with a massive one-off 14.9 per cent public housing boost – just 16,100 new homes are likely to be completed. This is 8,800 less homes than projected by the former government.”