NSW Housing Completions Reach A Five-Year High
NSW recorded 49,545 completed homes in 2025/26, with construction starts also rising. The government says supply is gaining momentum.
The 88 by JQZ development in St Leonards, Sydney. This existing development is not identified as part of the latest completion figures.
NSW has recorded its highest annual housing completions since 2020/21, with 49,545 homes finished in the last financial year. Figures released by the NSW Government on 7 October put the increase at 16 per cent compared with 2024/25, against national growth of 2.8 per cent. The figures are statewide, not a separate count for Sydney.
The construction pipeline has strengthened too. The government reports 51,807 housing commencements, more than 10 per cent higher than the previous financial year and the strongest result in four years. NSW also has more homes under construction than any other state or territory.
Planning Minister Paul Scully attributes the momentum to reforms including transport-oriented development, low- and mid-rise housing rules and changes intended to speed up approvals. That is the government's assessment of its policies; the completion figures alone do not establish how much each reform contributed.
For Sydney buyers and renters, more finished homes matter more than another announcement about future supply. But an improvement in construction numbers is not the same thing as an immediate improvement in affordability. The government acknowledges that borrowing costs and building-material prices remain obstacles, with more work needed to deliver the housing NSW requires.
