NSW housing completions smash state record

Housing completions in NSW at an all-time high. (AAP Image/Dan Peled)
Housing completions in NSW at an all-time high. (AAP Image/Dan Peled) DAN PELED

NSW is the place to be right now economy wise with construction activity at an all time high.

New housing completions in NSW have peaked, according to the Australian Bureau of Statistics' latest quarterly building activity data.

Data shows 64,824 homes were completed in NSW in the year to March 2017 - a 7% increase on the previous record of 60,569 set in 2016.

Minister for Planning and Housing, Anthony Roberts, said the "historic highs” demonstrate the NSW Government is committed to tackling housing supply and affordability.

"Today's figures demonstrate that our efforts to streamline and simplify the planning system are proving to be effective in delivering more houses to the market,” Mr Roberts said.

The number of new homes completed in the year to March 2017 was 42% higher than the latest five-year average.

Acting Treasurer Victor Dominello said the record housing completions reflect the overall strength of the NSW economy, complementing strong consumer confidence data also released last week.

The Westpac-Melbourne Institute Survey of Consumer Sentiment shows NSW consumers are the most confident in the country, with NSW the only State to achieve an index above 100 in July.

"NSW is the place to be right now - our economy is strong, our finances are healthy, there is a huge amount of construction activity, and unemployment is lower here than any other state,” Mr Dominello said.

"All of that means consumers have a spring in their step, which is giving our local businesses more opportunity to grow.”

Topics:  australian bureau of statistics northern rivers housing state government

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Shorten praises Biloela over support for refugee family

LAST-MINUTE REPRIEVE: Priya (right) and her husband Nadesalingam with their daughter Dharuniga.

The Opposition Leader says he will study the matter.

How to stop Facebook from grabbing your data

How Facebook can grab your data, and what to do to stop it

Drone: Extent of CQ mine-blast road's gaping split revealed

CRACKING UP: John Eden took these aerial photographs of Gibihi Rd, Moura yesterday. They were shared to The Moura & Dawson River Flooding History Page Facebook yesterday, after a blast on Saturday.

A determined John Eden's farm borders the road, and he's had enough

Local Partners