NSW posted the biggest increase in approvals of higher-density housing over the year to May, as height bonuses for including affordable rental homes made more projects commercially viable than if they relied on market prices alone.
The most populous state chalked up 24,716 approvals of new apartments, townhouses and semidetached homes over the period, more than the 22,904 approvals in Victoria – typically the state that builds the most new homes – new Australian Bureau of Statistics data on Wednesday showed.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com
