NSW Premier Unveils Ambitious Plan for 400,000 New Homes to Tackle Sydney's Housing Crisis
May 30, 2024Premier Chris Minns of NSW announced a new housing plan to rebalance growth in Sydney.
The plan includes increased housing targets in areas like Ku-ring-gai, Woollahra, North Sydney, and the Northern Beaches.
Focus is on infill housing closer to the eastern seaboard.
Goal is to build nearly 400,000 new homes in the next five years.
Councils will be incentivized to meet these housing targets.
Challenges such as construction costs and financing issues are hindering progress.
Premier highlighted the importance of essential worker and social housing in addressing the housing crisis.
Premier expressed optimism about overcoming challenges with the right plans and policies in place.
Summary based on 8 sources
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Sources
The Guardian • May 29, 2024
NSW government reveals where 377,000 new homes will be built in Sydney and regional areas by 2029The Sydney Morning Herald • May 28, 2024
Want schools? Build housing: Premier dangles the carrot to SydneyThe Sydney Morning Herald • May 29, 2024
Housing is Sydney’s biggest crisis. Now targets are here, the hard work startsThe Sydney Morning Herald • May 29, 2024
Revealed: The number of new homes coming to your Sydney suburb