As approved NSW housing developments fall, sector points to construction costs and the banks

Australian Broadcasting Corporation // Business

As approved NSW housing developments fall, sector points to construction costs and the banks

Thursday 14th November 2024, 7:03PM

Despite the government's commitment to deliver 377,000 new homes within five years from July, the number of new housing developments in New South Wales has already begun to drop. Some industry figures point to high building costs and hesitant banks as reasons why.

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