The latest Housing Monitor results for Metropolitan Sydney indicate that housing completions have dropped to only 53 per cent of those that receive planning approval.

“The September update of the Department of Planning’s Housing Monitor for Greater Sydney indicates that over the last 12 months there were 30,319 housing completions compared to 57,073 approvals.” says Urban Taskforce CEO Chris Johnson “Only 53 per cent of the approvals seem to be converting to actual completions.” “There…