Developers desert plans for new apartments in Sydney’s west due to construction costs and interest rates

Name: Developers desert plans for new apartments in Sydney’s west due to construction costs and interest rates
Uploaded: 2026-02-11T22:11:09+00:00
Duration: 111 s
Channel: ABC NEWS (Australia)
Description: Developers are deserting plans for new apartments in Sydney’s west, blaming construction costs, rising interest rates and red tape. Industry figures show only half of dwellings that've been approved i...

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Developers are deserting plans for new apartments in Sydney’s west, blaming construction costs, rising interest rates and red tape. Industry figures show only half of dwellings that've been approved in Western Sydney in the last 12 months are actually being constructed.