18.8% decline in NSW dwelling approvals in June exacerbates Australia's housing crisis.

New South Wales (NSW) experienced a sharp 18.8% decline in dwelling approvals in June, worsening Australia's housing crisis. REINSW CEO Tim McKibbin urges the state government to reconsider housing policies, citing high taxes, approval delays, and rental reforms as factors exacerbating the crisis. McKibbin recommends the NSW government revises tax settings, holds development-averse councils accountable, and revokes planning powers for councils failing to meet housing quotas. In contrast, Queensland saw a 14.6% increase in dwelling approvals in June.

August 05, 2024
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