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Housing developments get reprieve as soaring costs hamper building

The Australian Financial Review (AFR) •
October 28, 2026 • 09:00 AM
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The NSW government says it would allow stalled projects it deemed to be significant to go ahead, even if they missed a 12-month deadline for construction.

Housing developments get reprieve as soaring costs hamper building

The NSW government has been forced to extend approvals on critical housing projects that failed to meet looming construction deadlines as higher costs and lower property prices made development impossible.

Planning Minister Paul Scully said he would allow projects deemed to be significant developments – allowing them to bypass local government planning approvals – to ignore a 12-month deadline for construction to begin on a case-by-case basis. The Minns government assigned the status to critical projects in the hope of increasing the supply of housing.

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