NSW Govt Unveils $5.1B Plan: 30,000 New Homes, Social Housing Priority
June 30, 2024
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

The Sydney Morning Herald • Jun 30, 2024
Housing plan unveiled for Carriageworks precinct
The West Australian • Jun 30, 2024
Sites found for new homes to ease housing crisis