The New South Wales Government has﻿ moved to boost housing supply by announcing the first major land release in Greater Sydney in a decade; 70 kilometres of land south of Campbelltown will be released to allow for the construction of up to 35,000 new homes. This comes after a quarterly report showed that the price of a middle-of-the-road Sydney house surged 22.9% over the last ﻿year to the end of June to $1,000,616, the fastest annual pace of gain since at least the late 1980s.
The New South Wales Government has﻿ moved to boost housing supply by announcing the first major land release in Greater Sydney in a decade; 7,700 hectares of land south of Campbelltown will be released to allow for the construction of up to 35,000 new homes. This comes after a quarterly report showed that the price of a middle-of-the-road Sydney house surged 22.9% over the last ﻿year to the end of June to $1,000,616, the fastest annual pace of gain since at least the late 1980s.