$400 million to kickstart new housing supply: NSW state budget

$400 million to kickstart new housing supply: NSW state budget
Michael CrawfordJune 23, 2015

In handing down the recent state budget the NSW state government announced it will inject 'windfall tax revenue' into the Housing Acceleration Fund to counteract the challenge of housing affordability.

$400 million has been earmarked for Restart NSW to drive new housing supply. 

The state budget included a total of $641 million for social and affordable housing projects.

Click to enlarge

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

Editor's Picks

Olympic infrastructure fuels residential boom in Maroochydore City Centre
Australian Federal Election 2025: How Labor and Liberal plan to fix the housing crisis
First certified Passivhaus homes in Australia complete in Hawthorn
Figurehead covers stamp duty at Osprey Safety Beach in pre-Easter sales offer
Morris releases second tower at Crest Broadbeach after tower one sales success