With housing affordability still a concern, two of Australia's most populous - and expensive states - have unveiled their latest plans to address the crisis. New South Wales Premier Chris Minns has announced plans to house the state's government's essential workers at subsidised rates, while Victorian Premier Jacinta Allan has confirmed millions of new homes will be built in the coming decades.
"Sydney is rated as one of the most expensive cities in the world. It's been continuously rated one of the most unaffordable, expensive cities in the entire planet for housing and as a result of that the government's made a decision to put a significant investment in building housing for people that work for the New South Wales government.
The eligibility criteria, application details, and the exact rental subsidy will be available closer to the completion of the first project. Meanwhile in Victoria, Premier Jacinta Allan has unveiled a plan to add 2.5 million dwellings across the state by 2051.Kingston Mayor Jenna Davey-Burns says councils will have discussions with the state government about what those might be."It's been a six year process ]. It's taken quite a long time because we wanted to make sure that we got the consultation with our community right.
The Premier says she wants to avoid the pressure for new housing to fall on just one region, or the outer suburbs of Melbourne.
Source: Real Estate Daily Report (realestatedailyreport.net)
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