NSW’s Housing Crisis Is Worse Than You Think – And Bureaucracy Is To Blame

Government Red Tape Is Choking Supply

NSW is in a housing freefall. February saw just 3,390 building approvals, a steep drop from 6,062 in January and well below the 6,250 needed monthly to hit national targets.

Only 45,563 homes were approved in the past year—just 60% of the 75,000-home goal. Katie Stevenson of the Property Council NSW said it best: “Two strong months don’t make a trend—today’s numbers confirm our concern.”

The Real Issue Isn’t Demand—It’s Delay

The problem isn’t market appetite. It’s bureaucratic bottlenecks. Endless red tape is slowing approvals and dragging out delivery, putting pressure on affordability and investor confidence.

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- Shared ownership in income-generating assets

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