Boosting Sydney's Housing Supply for Needy Australians

Australian Treasury

The Albanese Labor Government is delivering more homes for New South Wales residents who need them with 51 new units nearing completion in Riverwood.

This project has been supported by the Albanese Labor Government's Housing Australia with more than $20 million in funding.

The homes will be managed by St George Community Housing.

The new homes are expected to be completed later this year, giving more New South Wales residents a safe and affordable place to call home.

Through our Homes for Australia plan the Albanese Labor Government has committed to $32 billion in new housing initiatives.

We need to build more homes, more quickly, in all parts of Australia.

Which is why the Albanese Labor Government has an ambitious national goal of building 1.2 million homes by the end of the decade.

We're working across Government, and with states and territories like New South Wales to help meet this target.

This will help to deliver more homes for home buyers, more homes for renters and more homes for Australians who need them.

The Albanese Labor Government has already delivered $610 million to New South Wales through the Social Housing Accelerator, which will help to build around 1,500 new social homes across the state.

Applications recently closed for the first round of funding for social and affordable homes under the $10 billion Housing Australia Future Fund and the National Housing Accord.

Quotes attributed to Minister for Housing, Julie Collins MP:

"This project is a great example of the Albanese Labor Government's commitment to ensure more New South Wales residents have a safe and affordable place to call home.

Through our Homes for Australia plan, the Albanese Labor Government has committed $32 billion in new housing initiatives to deliver more homes like this.

Our ambitious housing reform agenda is working across the board - with more help for homebuyers, more help for renters and more help for Australians needing a safe place for the night."

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