The New South Wales Government has﻿ moved to boost housing prices by announcing the first major land release in Greater ##town in a decade ; 7,700 hectares of land south of Campbelltown will be released to allow for the construction of up to 300 new homes . This comes after a quarterly report showed that the price of a middle - of - the - road Sydney home surged 22.9 % over the last decade to the end of 2008 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.