Housing boom for Wyndham

By Alesha Capone

Wyndham has topped the state for the number of building permits issued for the 2017-18 financial year.

There were 7231 building permits recorded within Wyndham for the financial year.

The permits were valued at a total of more than $2.29 billion.

In comparison, the value of permits issued within Wyndham during the previous 12 months totalled more than $1.78 billion.

Twelve Victorian municipalities reported building permit activity valued at more than $1 billion during the 2017-18 financial year, including Melbourne, Geelong, Casey, Hume, Monash and Whittlesea.

The VBA data showed that a record 114,803 permits, for building work valued at $38.4 billion, were reported across the state in the 2017-18 financial year.

The previous highest number of building permits reported in a financial year was 113,669 reported in 2009-10,
one per cent fewer than this year’s total.

In August, Wyndham council released a report which said the population was expected to increase annually by an average of 3.4 per cent until 2036, and that 80,000 new dwellings would need to be built to cope with demand.

The report also found the estimated housing capacity of Wyndham’s greenfield areas stands at 93,000 dwellings.

Alesha Capone