New figures show 100,000 homes have now been built since the election of the NSW Liberals & Nationals Government.
The NSW Government has also announced the Budget will include measures to help even more families get into the housing market, with the threshold for the First Home Owner Grant for new homes boosted to $750,000.
NSW Premier and Minister for Western Sydney Mike Baird, Minister for Planning Pru Goward and Treasurer Andrew Constance made the announcement today at The Ponds in Sydney’s North West along with the Member for Riverstone, Kevin Conolly.
Mr Baird noted that Western Sydney is seeing a massive housing boom; the unlocking of up to 6,600 new housing lots at three sites will boost housing supply and make homes more affordable. He commented that the NSW Liberals & Nationals Government is fast-tracking the release and rezoning of land for housing in Western Sydney, while delivering the critical infrastructure needed to support these new homes including strong public transport and road links.
With fields in Western Sydney being transformed into vibrant new suburbs, the housing supply is getting a boost while also creating thousands of jobs for tradespeople and builders.
The NSW Government is getting on with the job of building the North West Rail Link, the South West Rail Link and WestConnex, and upgrading roads including Schofields Road and Camden Valley Way.
The sites being rezoned or released include Marsden Park North, which can accommodate up to 4,000 homes; Redbank, Richmond, where land is being rezoned for up to 1,400 new homes; and Ashlar, Blacktown to support up to 1,200 new homes.
Ms Goward said new figures from the Department of Planning and Environment show that 100,000 homes have been built across the state since the election of the NSW Liberals & Nationals Government in 2011.
Western Sydney is powering Sydney’s housing recovery with more than a third of the 100,000 new homes built in suburbs such as The Ponds, Oran Park and Pemulwuy. Since 2011, rezoning of land for 49,000 new homes in Western Sydney’s major growth centres has occurred, compared to just 19,800 under Labor over the previous three-year period. Housing approval figures are also at their highest level in almost 11 years, which is boosting housing supply and making homes more affordable.
Mr Constance said the NSW Government has taken strong steps to drive housing construction and boost supply by targeting first homebuyer incentives to new homes. This year’s Budget will increase the threshold of the First Home Buyers Grant for new homes to the value of $750,000, making the dream for young families of owning their own home that bit easier.
He added that this year’s Budget will continue the responsible financial management of the past three years, delivering the economic and social outcomes people are right to expect, and delivering on their commitments to accelerate infrastructure in NSW.