The NSW Liberals & Nationals Government will continue to put downward pressure on new home prices, by funding projects that will enable faster land release in one of Sydney’s south west growth centres.
The 2014-15 NSW Budget delivers an additional $83 million for the Housing Acceleration Fund to open up land in this great area of Sydney.
“The NSW Government is committed to putting downward pressure on the cost of buying a home,” said NSW Treasurer Andrew Constance.
“The key to addressing housing affordability is boosting housing supply. This money will open up more land, more quickly to accelerate housing development and directly tackle the housing shortage across our state.
“The fast growing south west is a popular playground for families, and this money will allow more people to own a piece of it.”
The funding will go towards critical infrastructure needed to support more housing in suburbs like Spring Farm, Camden and Edmondson Park.
The $83 million has been reserved within the NSW Government’s major infrastructure fund ‘Restart NSW’.
The South West Rail Link is due to begin running train services next year, which will also compliment other major infrastructure upgrades in the district. The Housing Acceleration Fund has already funded major works to Schofields Road Stages 2 and 3, and improvements to Camden Valley Way.
Andrew Constance med rel: housing infrastructure for south west Sydney added by Indian newspaper Sydney on
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