Tens of thousands of homes are vacant across NSW, new data has revealed, as state and federal governments scramble for solutions to the country’s housing crisis. In New South Wales, about 43,183 inactive or vacant homes have been identified, with about 22,000 of the houses in Greater Sydney. The City of Sydney has 1757 inactive homes, the highest number based on electorate data. That was followed by Heffron with 1201 homes, 1081 homes in Parramatta, 1044 homes in Newton and 809 homes in Balmain.
University of Sydney urban planner and policy analyst, Professor Nicole Gurran said there could be a number of reasons why the houses were not being used, some of which were inevitable. “They can be between property sales, in between renting, in the short term rental sector, they maybe maintained as second homes for property owners, or they may be undergoing renovation,” Professor Gurran said.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FinancialReview - 🏆 2. / 90 Read more »