Amid Australia’s ongoing housing affordability crisis, the New South Wales (NSW) government is inviting property developers to submit proposals for three government-owned land parcels, potentially delivering more than 350 new homes across high-growth areas of Sydney and the Central Coast.
These sites—located at Box Road in Wakeley, Windsor Road in Rouse Hill, and Sparks Road in Wallarah—are currently zoned for low and medium-rise housing.
If approved, these developments will help meet the growing demand for housing, which has been exacerbated by a shortage in supply.
“Our government is making fantastic progress in identifying suitable land to address the housing crisis, and this latest EOI aims to deliver more than 350 homes to help people find a place to live,” said Minister for Lands and Property Steve Kamper.
This move forms part of the broader strategy to increase housing supply.
The Property and Development NSW (PDNSW) has launched an Expressions of Interest (EOI) campaign for these three sites, which are expected to deliver a substantial number of homes, helping young people, families, and key local workers access affordable housing in their communities.
“The government can’t solve the housing crisis on its own, so we are calling on the capability of the residential development sector to deploy its capacity in partnership with the government,” said Leon Walker, CEO at PDNSW.
However, despite these efforts, Australia’s overall housing supply remains critically low.
In a recent report, Deloitte Access Economics Partner Stephen Smith and graduate economist Amy Kerrigan said, “Australia is simply not building enough homes to keep pace with the growing demand. A surge in post-pandemic migration has intensified pressure on the housing market, while a constrained construction industry has limited the supply.”
The report also noted that despite an increase in dwelling approvals—up 6.3 percent in January 2025 compared to the same time last year—these levels are still not sufficient to meet demand.
In particular, house approvals only saw a slight increase of 1.1 percent, while approvals for other types of dwellings rose by 12.7 percent.
Recent data from the Australian Bureau of Statistics (ABS) also revealed that the total value of residential dwellings in Australia rose by a modest 0.2 percent to $11.0 trillion in the December quarter of 2024, reflecting slower growth amid an ongoing housing supply crisis.“The relatively flat growth for the December quarter was the result of net additions to stock offsetting a slight fall in property prices,” said Mish Tan, head of finance statistics at ABS. “Annually, growth slowed to 4.4 percent from 8.1 percent in December 2023.”
