Treasurer Daniel Mookhey said housing affordability and availability is one of the biggest pressures facing NSW residents so this budget put funding towards it.
is a $2.2 billion Housing and Infrastructure Plan as the state government aims to address the housing crisis.
"NSW is in the midst of a fierce housing crisis. Rents are rising. Interest rates are climbing. Home ownership rates are falling," Mookhey said in his budget speech."Demand for social housing is increasing. Homelessness is worsening.The government has introduced a $2.2 billion plan to build the foundations of a better living environment for NSW residents.$1.
$300 million for Landcom to accelerate the construction of thousands of new homes, with 30 per cent affordable housingThat $400 million Housing Infrastructure Fund is financed from money left over after more than 700 Restart NSW projects were finished.In essence, $1.9 billion will go towards ensuring new housing developments across the state have the infrastructure to support residents.
"30 per cent of the new housing will be for affordable housing, targeting infill sites and government land for development," budget documents said.
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