$1bn public housing project in the pipeline for NSW

Font size :
A new effort to provide more public housing across New South Wales has been revealed, with a $1bn project in the pipeline for the Baird government.
 
NSW Premier Mike Baird’s administration is set to partner with Infrastructure Partnerships Australia and the NSW Council for Social Services to boost the number of housing starts in the area.
 
Few details about the deal were publicised but Baird said “the plan could involve the government’s providing an interest-rate subsidy similar to that extended to local government, or guaranteeing loans to community groups”.
 
Baird also failed to confirm how much the government needs to shell out for the project.
 
“Access to social housing is one of the most important drivers for addressing poverty and disadvantage. Yet there are nearly 60,000 households on the waiting list to access social housing in NSW, waiting times are over 10 years in a number of areas and affordable housing options are scarce,” said NCOSS chief executive Tracy Howe.
 

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Mortgage News and Articles

How to tell when a housing market is cooling How to tell when a housing market is cooling

You need to check clearance rates, listings, and the price gap, among other factors Read more

Growing demand for green apartments in Sydney Growing demand for green apartments in Sydney Both owner-occupiers and investors favour eco-friendly buildings for their energy-saving features and reduced environmental footprint ... Read more

Are property investors as rich as they appear? Are property investors as rich as they appear? A multi-property portfolio doesn’t guarantee easy millions ... Read more

Be proactive about getting a better mortgage deal Be proactive about getting a better mortgage deal Apathy could be costing you a considerable amount of money over the lifespan of your loan ... Read more

More mortgage news and articles

Sponsored Links

Friday, Sep 22, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords