The Minns government has been urged to take up billions of dollars worth of Commonwealth-backed funds to build essential infrastructure, which advocates say would support more than 133,000 homes across NSW.
The Labor government announced $10 billion in grants and concessional loans under the 100,000 Homes for First Home Buyers program ahead of the 2025 federal election. The scheme was designed to support the construction of “new, well-located housing” by funding infrastructure – such as roads or water piping – necessary to support these communities.
Despite broad planning reforms, NSW housing supply has remained anaemic since the 2023 state election, with just 44,500 new dwellings completed in the year to the March quarter, lower than the year prior, and languishing behind the state’s commitment to build 377,000 homes by mid-2029.
The program requires a dollar-for-dollar commitment from states to match the Commonwealth’s funding contribution. So far, five states and territories have signed up to packages worth around $4.1 billion, with Queensland and Western Australia negotiating $2.4 billion and $1 billion deals, respectively. Around $5.9 billion of the $10 billion housing program remains unallocated.
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