NSW Fair Trading has cancelled the licence of former Result Strata director Yun Yang after finding she obstructed a regulator-appointed manager who was sent to secure company records and protect affected owners corporations. The action follows earlier compliance findings against Result Strata, including inadequate conflict-of-interest disclosures and professional-conduct breaches. The company and its general manager also had licences cancelled, although related action is being challenged in the Supreme Court. For strata owners, the case is a reminder to scrutinise manager governance, conflicts, record access and regulatory history when appointing or reviewing a strata manager.
HIA’s latest New Home Sales data shows national sales fell 10.0% in August, the fourth consecutive monthly decline. Sales over the three months to August were 19.3% lower than the previous quarter and 7.7% lower than a year earlier, with NSW down 17.5% quarter-on-quarter. Because new-home sales are a lead indicator for detached construction, the slowdown points to softer commencements into 2027 unless buyer confidence and finance conditions improve.
NSW Planning’s housing supply dashboard records 77,999 new homes completed since 1 July 2024, comprising 38,073 detached homes and 39,926 multi-unit dwellings. The dashboard also tracks dwellings lodged, approved for development and approved for construction as NSW works toward its 377,000-home Housing Accord target by June 2029. For owners and investors, the figures give a clearer view of where actual supply is moving from approvals into completed stock.
NSW Planning has updated the Housing and Productivity Contribution framework applying to relevant new residential, commercial and industrial development across Greater Sydney. As at 1 July 2026, the indexed base rate is $13,000.73 per new residential subdivision lot and $10,833.94 per new medium or high-density dwelling, with additional transport or biodiversity components applying in some locations. The former Western Sydney Growth Areas and Aerotropolis Special Infrastructure Contributions have now transitioned into the HPC framework, making these charges important for feasibility and development-cost calculations.
The Brookvale Precinct Planning Proposal is at Gateway Determination and seeks a coordinated framework for about 2,900 new homes by 2041, alongside 49,500sqm of additional employment floor space, new open space, community facilities, transport upgrades and affordable housing contributions. Selected sites could reach up to 25 storeys where public benefits are delivered.
REA Group has agreed to remove contract provisions that the ACCC said restricted how real estate agencies list properties on realestate.com.au. The court-enforceable undertaking is intended to give agents more flexibility in choosing listing services for vendor and landlord clients and improve competition in property advertising.
Independent MP for Bradfield Nicolette Boele is introducing a bill seeking a nationally consistent definition of affordable housing tied to household income. The proposal follows federal acknowledgement that definitions vary across states and programs, with Treasury examining options for greater consistency.
Castle Hill affordable housing project advances with seven residential buildings
A State Significant Development proposal at Pennant Way, Castle Hill is at the Prepare EIS stage. The project proposes seven residential flat buildings with a mix of social and market dwellings, plus open space, landscaping, a through-site link and car parking.
