In June 2015, the NSW Government announced a record $400 million for the Housing Acceleration Fund.
This funding for essential infrastructure, including water, road and electricity networks, will speed up the delivery of new homes and jobs. It will also help to put downward pressure on housing prices.
The fund has already created new opportunities for housing through key infrastructure projects, including upgrades to Camden Valley Way, Richmond Road, and Schofields Road in Western Sydney.
In addition, families will be able to buy new homes in Cudgegong Road Station in Sydney’s north-west within two years. The vibrant new area will accommodate 4,500 homes close to the train station on Sydney’s new metro rail system, while also enabling people to live close to parks, sporting fields, new shops, restaurants and cafes.
This extra $400 million will take total funding for the Housing Acceleration Fund to almost a billion dollars ($966 million) since 2012.
Page last updated: 13/08/2015