Thousands of new homes forecast for region

About 20,000 new homes are forecast to be constructed in the Macarthur region in the next five years. Find out what area is projected to have the most.

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About 20,000 new homes are expected to be constructed in the Macarthur region in the next five years according to the NSW Department of Planning and Environment’s housing forecast released today.

The Camden local government area is projected to welcome 11,000 new homes by mid-2023. More than 10,000 homes were constructed in the area across the last five years.

The Camden area is forecast to welcome about 11,000 new homes, more than 50 per cent of the projected new dwellings in the Macarthur region.

A sharp construction boost is projected for the Campbelltown local government area, forecast to have 7400 new homes across the next five years. It would be a 50 per cent rise in new dwellings with only 4947 dwellings constructed in the previous five years.

Construction of new homes in the Wollondilly local government area is expected to slow, with about 240 new homes a year forecast compared to a yearly average of 311 new homes since mid-2013.

Department of Planning and Environment executive director Justin Douglas said the forecast of almost 192,000 new dwellings across Sydney was a boost for first home buyers.

“Sydney needs to build 725,000 new homes in the next 20 years, or around 36,000 per annum, to accommodate a growing population,” he said.

“We’re forecasting to meet that demand over the next five years, with just over 38,000 homes per year on average planned for the city.

“It’s good news particularly for first home buyers looking to get into the market because it shows supply levels are solid, with more options for people looking to buy.”

Camden is projected to have the seventh-highest number of new homes in Sydney, with Parramatta (22,100), Blacktown (18,300) and Sydney (14,850) forecast to bear the brunt.

The five year housing supply forecast will be used to guide infrastructure planning and strategic land use for councils and NSW Government agencies.