Brad Hazzard med rel: NSW housing approvals remain strong

Brad Hazzard med rel: NSW housing approvals remain strong

28Housing approvals in NSW remain strong with 4442 homes approved in February – great news for the NSW economy and homebuyers.

“Housing approvals in NSW have continued their upward trend with the last 12 months the best since July 2004,” NSW Planning and Infrastructure Minister Brad Hazzard said.

“The 12 months to February 2014 saw 49,236 new homes approved in NSW.

“Since the Liberal and Nationals Government came to office there has been a marked upward trend in housing approvals.”

Today’s figures released by the Australian Bureau of Statistics show that NSW approvals for February are up 42% on the 5 year average from March 2009.

“During Labor’s last five years in office, monthly approval figures averaged just 2657 – we are now averaging 3377 dwellings per month,” Mr Hazzard said.

Key figures:
· 4442 dwelling approvals in February 2014

· 49,236 new houses approved in NSW in the 12 months to February 2014

· Since the Liberal and Nationals Government came to office, monthly approval figures have averaged 3377 dwellings (April 2011 to February 2014) compared to 2657 per month on average over the last five years of Labor.

“Targeted NSW Government policies to increase housing supply and build confidence are driving the best performance in the housing approvals in NSW in a decade,” Mr Hazzard said.

“NSW continues to outperform the other states – which is great news for homebuyers and shows that business and consumer confidence is returning to the State.

“We will continue to make changes that bring confidence to the housing industry and to deliver for the people of NSW,” Mr Hazzard said.

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