Sydney: The NSW Government is committed to providing more homes, improving housing affordability and making sure NSW families can live in this great State. “Since the March 2011 election, the NSW Government has taken action to kick start the housing industry that was left to die under Labor,” Minister for Planning and Infrastructure Brad Hazzard said.
“Recent ABS figures show the value of new home building activity in NSW increased 17 per cent during the September quarter and is the highest quarterly result since September 2005.
“The latest McKell Institute Quarterly Survey has found dwelling completions are rising and this is an encouraging sign.
“ABS figures also confirmed that new housing approvals have increased dramatically under the Coalition.
“During Labor’s last five years in office they averaged just 2,578 home approvals per month leading to increased prices for house hunters.
“Under the Coalition Government, NSW monthly approval figures have averaged 2,930 which is a 14 per cent increase over the average approvals delivered by Labor.
“In the 2012-13 State Budget, the Coalition committed more than $500 million to the Housing Acceleration Fund and Urban Activation Precincts Program to boost housing supply.
“The Housing Acceleration Fund is already being used to help deliver more than 13,000 new homes for nearly 39,000 people in Sydney’s South West and North West.
“The Government is also putting in place incentives to boost housing including the First Home Owner Grant which has doubled to $15,000 for new properties up to $650,000.
“The NSW Government is committed to ensuring families and new home buyers can afford to live the great Australian dream of owning their own home,” Mr Hazzard said.