Kellie Sloane
Leader of the Opposition
NSW Liberal Leader
Chris Rath
Shadow Minister for Planning and Public Spaces
Housing completions have fallen more than 30 per cent in the last quarter in a damning indictment on the Minns Labor Government’s approach to the housing crisis in NSW.
Australian Bureau of Statistics (ABS) Building Activity Data shows just 8,883 new homes were completed in NSW during the March quarter, down from 13,513 in the previous quarter.
Just 44,804 homes were completed in the 12 months to March 2026, well below the 75,288 homes required each year to meet Labor’s National Housing Accord target.
Leader of the Opposition Kellie Sloane said government taxes, charges and contributions are challenging the viability of projects.
“Rather than making up ground Labor is falling further behind, now 40.8 per cent behind its National Housing Accord target,” Ms Sloane said.
“When taxes and charges make up almost half the cost of a new home, builders walk away, families miss out and NSW falls further behind.”
Shadow Minister for Planning and Public Spaces Chris Rath said the Minns Labor Government had nothing for housing in the budget and had no plan to solve the crisis.
“Instead of pursuing real reform and delivering the homes needed, Labor is pushing forward with a broken model,” Mr Rath said.
“Labor makes a big song and dance about its approach, but the harsh reality exposed by this data shows that is not resulting in completed homes.”
Over the coming months, the NSW Liberals and Nationals will continue rolling out our plan for a stronger NSW. Housing policies already announced include:
- Pausing Labor’s $13,000 tax on every new home until 30 June 2029.
- Cutting payroll tax for small and medium construction businesses.
- Repurposing the Long Bay Jail site for 12,000 new homes.
- State-led rezoning in Erskineville, Macdonaldtown, Newtown and St Peters for 10,000 new homes.
- Delivering the Camellia-Rosehill Place Strategy for a further 10,000 new homes.
- Negotiating a new Western Sydney City Deal to provide a long-term plan that delivers the roads, parks, schools and essential infrastructure our growing city needs.
