New Home Approvals on the rise

The HIA recently made comment on the newly released ABS figures on new home building approvals. The HIA stated that these numbers indicate strong growth on the Central Coast with a 54% increase from the previous year.

 

This is showing that the Gosford revitalisation program and the Tuggerah redevelopment plans are having a positive effect on the area.

 

This level of approvals also reinforce that the Central Coast has major affordability advantages particularly over Sydney where housing is less affordable for many families.

 

The Central Coast Regional Plan 2036 projected housing demand of 41,500 additional dwellings would be required by 2036, so this is a very healthy start to all the needs for the region for years to come.

 

#centralcoastlife #housingaffordability #newhomes