2023 Sydney Housing Supply Forecast

The new forecast revises previous estimates, predicting fewer housing completions for the 2023/24 financial year than previously forecast, followed by more completions in 2024/25 and 2025/26. The forecast projects a stable level of housing activity of approximately 28,000-30,000 dwellings annually from 2023/24 to 2027/28, with a rise to around 34,000 dwellings in 2028/29.

We eagerly anticipate the next update to the Greater Sydney UDP Dashboard, which will incorporate the latest Sydney Housing Supply Forecast data and the most recent figures on housing completions.