Treasurer Gladys Berejiklian has announced that $262 million from the Housing Acceleration Fund (HAF) would be committed to projects in southwest and western Sydney, and detailed planning across the city, to support further growth.
“We need to ensure we have enough housing to cater for the growing population – that’s why it is so important that we keep unlocking new land by providing funding for the necessary infrastructure,” Ms Berejiklian said.
“Building new communities and increasing supply is the best way to put downward pressure on housing prices.
“We have already seen record approvals under this Government, and we will continue to work hard to increase supply.”
This round of allocations from the HAF will support 58,000 new homes, bringing the number of dwellings supported by the HAF to more than 200,000 since 2012. The projects include:
The 2016-17 NSW Budget will deliver:
Planning Minister Rob Stokes said a simpler, easier-to-understand planning system would help encourage the construction of new homes.
“We are fostering a planning system that supports sustainable development, as we accommodate an extra million people in Sydney over the next 10 years, and promotes access to jobs, great neighbourhoods and a healthy environment,” Mr Stokes said.
“The Greater Sydney Commission will drive the delivery of more homes closer to where people work, improved public facilities, better transport, and quality greenspace.”
The Greater Sydney Commission has been established to take responsibility for metropolitan planning for the city and coordinating infrastructure delivery.
The Commission comprises six district commissioners, selected by local communities to be their representatives, and a further three commissioners to represent economic, community and environmental concerns.
Date: 20.06.2016 | File type: pdf | File size: 191.4 KB