National housing boost builds on existing NSW investments
NSW residents who want to buy their first home, rent or require access to affordable and social housing will benefit from the new National Housing Accord that will deliver thousands of new homes across the state.
The National Housing Accord, announced in last night’s Commonwealth Budget, will unlock quality, affordable housing supply and aims to deliver an additional 20,000 affordable housing dwellings over the five years from 2024-25 across Australia.
Treasurer Matt Kean said NSW welcomed the landmark agreement of the Commonwealth, States and Territories, the Australian Local Government Association, institutional investors including superannuation funds, and residential development, building and construction industry representatives.
“The NSW Government in the June Budget committed $2.8 billion in housing investment to support first home buyers, deliver more affordable and social housing and free up more land for new houses,” Mr Kean said.
“The easiest way to get first home buyers into their first homes is through the NSW Government’s first home buyer choice initiative, which last week was backed by former prime minister Paul Keating, but continues to be opposed by NSW Labor.
“NSW will continue to explore further opportunities to free up landholdings for affordable housing under the Accord which builds on our existing commitments and will deliver even more housing from 2024-25 onwards.”
NSW Minister for Planning and Homes Anthony Roberts said the Accord will help address Australia’s housing supply challenges and enable the delivery of more social and affordable housing.
“It recognises the importance of states and territories to expedite zoning, planning and land releases for social and affordable housing,” Mr Roberts said.
“I welcome the construction sector peak bodies’ commitment under the Accord to support high energy efficiency rating construction and the training of more apprentices under an extended Australian Skills Guarantee.”
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