2023-24 NSW developer investment declines $9bn to $21.25bn, down from $30.324bn in 2022-23.
NSW experiences $9bn decline in developer investment, with $21.25bn worth of development submitted in the 2023-24 financial year, down from $30.324bn in 2022-23. This comes as the number of development applications submitted and approved decreased. The decline in investment may exacerbate Sydney's housing crisis, as average land sizes in Greater Sydney have dropped 91sqm in the last ten years.
July 06, 2024
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