A new report released today reveals that by 2013, Sydney will have up to 85,000 less homes than promised by the NSW Government's Metropolitan Strategy, released in 2005.
The decision by the Council of Australian Governments late yesterday to take action on the poor state of Australia's housing supply has been welcomed by the Urban Taskforce.
Nineteen local councils are defying a NSW Government cap on local council charges and are levying as much as $80,000 a home, according to figures released by the Urban Taskforce today.
Property developers have been arguing for conventional checks and balances on development contributions since 2007, but have been ignored by the state government.