Over the past few years, we’ve become all too aware that we don’t have enough homes in New South Wales. The ABS reports that residential rents in Sydney – the best barometer of housing affordability – rose 8.6 per cent over the 12 months to September 2023. For those struggling with the cost of keeping a roof over their heads, there seems to be little relief in sight. Earlier this month, the NSW Productivity Commission published the latest report in our housing series,
What we gain by building more homes in the right places. We show that ‘building up’ rather than ‘out’ also has economic, social and environmental benefits, writes Peter Achterstraat AM, NSW Productivity Commissioner.