NSW's $1B Scheme Boosts 540 New Homes
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New South Wales $1 billion scheme accelerates 300 stalled apartments in Sydney, with luxury complexes in Pyrmont and Westmead receiving approvals. The state guarantees up to 50% of off-the-plan sales, enabling swift construction. The revolving fund allows approved projects to borrow with a safety net, with the government purchasing unsold units for social housing or resale. The scheme, dubbed a momentum builder for housing, aims to ease the housing squeeze and cost of living crunch. South Australia and New Zealand are considering similar models.
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