NSW launches piss weak public housing plan

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According to The AFR, The NSW Government has “pumped” another $183 million into social housing to accelerate development of more than 1400 new homes as part of its COVID-19 economic recovery strategy:

“The package boosts construction, accelerates over 1400 new social and affordable homes and supports an extra 990 households through rent assistance, including in areas hit hardest by the pandemic in Sydney’s west and regional areas,” [Treasurer Matt Kean] said…

Housing Minister Melinda Pavey said the new funding adds to the $812 million social housing stimulus package announced in the 2020-21 state budget.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.