NSW Govt Unveils $5.1B Plan: 30,000 New Homes, Social Housing Priority

June 30, 2024
NSW Govt Unveils $5.1B Plan: 30,000 New Homes, Social Housing Priority
  • The Minns government in NSW is ramping up efforts to address the housing crisis by identifying new development sites.

  • 700 new homes will be built at the Carriageworks precinct in Sydney, with half designated for social housing.

  • Premier Chris Minns and Housing Minister Rose Jackson emphasized the importance of providing better homes for NSW residents.

  • The government's $5.1 billion commitment over four years will fund the construction of 30,000 well-located homes.

  • The focus is on repurposing unused spaces for housing.

  • Development sites include inner Sydney, northwest, southwest, and inner west regions, prioritizing homes for those fleeing domestic violence.

  • Former Planning Minister Rob Stokes has opened expressions of interest for redevelopment projects, including a 99-year lease for constructing build-to-rent homes with affordable housing components.

  • The initiative aims to provide housing for families and communities while tackling the housing crisis in the state.

Summary based on 2 sources


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Sources

Housing plan unveiled for Carriageworks precinct

The Sydney Morning Herald • Jun 30, 2024

Housing plan unveiled for Carriageworks precinct

Sites found for new homes to ease housing crisis

The West Australian • Jun 30, 2024

Sites found for new homes to ease housing crisis

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